Maria Deutscher
Latest from Maria Deutscher
Edge computing firm Scale Computing Inc. today announced that it has closed a $55 million funding round led by Morgan Stanley Expansion Capital. Indianapolis-based Scale Computing will use the capital to accelerate product development initiatives and restructure debt. Historically, a task such …
STMicro and GlobalFoundries to build $5.7B semiconductor fab in France
Chipmakers STMicroelectronics NV and GlobalFoundries Inc. today announced plans to build a new semiconductor production facility in France. The plant will be built with “significant financial support” from the French government, the companies stated. Reuters reported that the project is expected to …
Oracle to launch sovereign cloud regions in the EU
Oracle Corp. today announced plans to expand its OCI cloud platform by launching sovereign cloud regions in the European Union. A region is the industry term for a cluster of data centers located in the same area. Oracle’s upcoming sovereign cloud regions …
Meta develops AI system for reviewing Wikipedia citations
Meta Platforms Inc. has developed an artificial intelligence system that can scan a Wikipedia article, analyze the sources cited by the article and identify if some of them may need to be changed. Meta detailed the AI system today. The company also …
Report: Google proposed spinning off parts of ad tech unit to avoid antitrust lawsuit
Google LLC has raised the possibility of spinning off parts of its advertising technology business into a separate company, the Wall Street Journal reported today. After the spinoff, the new company would reportedly operate under the Alphabet Inc. corporate umbrella. Alphabet is …
Cyber insurance startup Coalition valued at $5B after latest $250M funding round
Startup Coalition Inc., which provides cybersecurity insurance policies and breach detection software for businesses, today announced that it has secured a $250 million funding round at a $5 billion valuation. The funding was provided by a consortium that included insurance giant Allianz …
Adaptive raises $6.5M to simplify accounting for construction companies
Adaptive Real Estate Inc. on Wednesday announced that it has secured a $6.5 million funding round led by Andreessen Horowitz. The round also included the participation of investment firms 3KVC, BoxGroup, Exponent and Definition. Executives from prominent financial technology startups such as …
SUSE posts 18% sales growth amid continued enterprise demand
Enterprise software maker SUSE SA today reported its second-quarter financial results, disclosing that its adjusted revenue grew 18% year-over-year, to $161.3 million. The company also posted a significant profit increase during the three months ended April 30. Germany-based SUSE provides a Linux …
Healthcare software provider Tebra secures $72M+ investment
Tebra Technologies Inc., a provider of software for independent healthcare practices, today announced that it has raised more than $72 million in new financing at a valuation exceeding $1 billion. The company says that the investment included a mix of equity and …
Logistics startup Flexe closes $119M funding round at $1B+ valuation
Flexe Inc., a Seattle-based startup helping retailers optimize their supply chains, has secured $119 million in fresh funding at a valuation exceeding $1 billion. Flexe announced the funding round this morning. The round included contributions from new investor BlackRock as well as …