Maria Deutscher
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Microsoft reportedly scraps upcoming HoloLens 3 mixed-reality headset
Microsoft Corp. has scrapped plans to develop a new version of its HoloLens 2 mixed-reality headset, Insider reported on Wednesday. Sources told the publication that the project was scrapped in the middle of last year. Around the same time, Microsoft is said to have inked a mixed-reality partnership with Samsung Electronics Co. Ltd. Samsung reportedly ...
Managed data lakehouse startup Onehouse launches with $8M in funding
Onehouse, a new data lakehouse startup, today launched from stealth mode after raising a $8 million seed funding round co-led by Greylock and Addition. A lakehouse is a new type of software solution that helps enterprises more efficiently extract insights from their data. It combines the features of data warehouses and data lakes in a ...
Dynatrace tops quarterly revenue and earnings expectations, but stock tumbles
Shares of Dynatrace Inc. dropped more than 19% today after the company posted third-quarter financial results, even though both its earnings and revenue surpassed analysts’ expectations. NYSE-traded Dynatrace provides an observability platform that enterprises use to detect and fix technical issues in their applications. The platform places a particular emphasis on helping companies troubleshoot applications ...
Pecan AI nabs $66M to simplify AI development in the enterprise
Artificial intelligence startup Pecan AI Ltd. today announced that it has closed a $66 million funding round led by Insight Partners. S-Capital, GGV, Dell Technologies Inc.’s venture capital arm, Mindset Ventures and Vintage Investment Partners participated in the Series C round as well. Pecan AI’s total outside funding now stands at $117.5 million. Israel-based Pecan ...
GM’s Cruise autonomous vehicle unit raises $1.35B from SoftBank
Cruise, the autonomous vehicle unit of General Motors Co., today announced that it has raised $1.35 billion in funding from SoftBank Group Corp.’s Vision Fund. The funding is part of a $2.25 billion investment that SoftBank originally announced in 2018. Cruise received an initial $900 million tranche within a few months of the investment’s announcement. ...
Chargebee raises $250M at $3.5B valuation for its subscription management platform
Startup Chargebee Inc. is now worth $3.5 billion, more than double the valuation it received last April, after closing a $250 million funding round led by Tiger Global and Sequoia. Chargebee said in its announcement of the investment today that a number of existing backers, including Insight Partners, Sapphire and Steadview Capital, participated as well. ...
Google and Microsoft back new industry initiative to fix open-source vulnerabilities
The Open Source Security Foundation, an industry group backed by some of the world’s largest tech firms, today launched a new initiative focused on finding and fixing vulnerabilities in open-source software. The initiative is known as the Alpha-Omega Project. It’s launching following a meeting at the White House where officials from major tech firms, federal ...
Sony to acquire video game developer Bungie for $3.6B
Sony Interactive Entertainment LLC today announced plans to acquire Bungie Inc., a major video game developer, for $3.6 billion. The transaction represents the third multibillion-dollar acquisition of a video game company since the start of the year. Sony Interactive Entertainment is Sony Group Corp.’s video game business. The Tokyo-based conglomerate has a presence in several ...
BlackBerry to sell noncore patents for $600M
BlackBerry Ltd. today announced that it is selling a portfolio of patents related to mobile devices, messaging software and networking technology in a transaction valued at $600 billion. The buyer is Catapult IP Innovations Inc., a Delaware-incorporated investment vehicle set up specifically to acquire the patents BlackBerry is selling. Catapult IP Innovation is financing most ...
Pennylane raises $57M for its cloud-based accounting platform
Paris-based accounting software startup Pennylane today disclosed that it has raised 50 million euros, or about $57 million, in funding from a group of investors led by Sequoia Capital. The investment is the latest in a series raised by startups developing tools to automate companies’ accounting operations. Pennylane’s newly announced Series B financing round brings ...