Maria Deutscher
Latest from Maria Deutscher
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 ...
Google will invest up to $1B in India’s Bharti Airtel
Google LLC today announced plans to invest up to $1 billion in Bharti Airtel Ltd., one of India’s largest telecommunications providers. The search giant will make the investment through the $10 billion Google for India Digitization Fund that it launched in 2020. Google previously purchased a 7.73% stake in mobile network operator Jio Platforms Ltd., ...
Google Cloud forms digital assets team to help customers build blockchain apps
Google LLC is forming a digital assets team to help customers of its cloud platform build blockchain-based applications, the company announced on Thursday. Richard Widmann, head of strategy for digital assets at Google Cloud, told CNBC that the company plans to hire a “slew of people with blockchain expertise” as part of the effort. The ...