Maria Deutscher
Latest from Maria Deutscher
High-performance computing startup Rescale closes $105M round
Rescale Inc., a startup that helps companies run high-performance computing applications such as physics simulations in the cloud, has closed an expanded $105 million Series C round to support business growth. The round was originally worth $50 million when Rescale first announced it in February. Rescale disclosed that the investment has expanded to $105 million ...
Render raises $20M in funding for its ‘zero DevOps’ cloud platform
Render Services Inc., a startup working to reduce the amount of manual work involved in setting up and managing cloud workloads, today disclosed that it has secured a $20 million funding round. San Francisco-based Render plans to triple its 35-person workforce over the next year using the Series A round, which was led by investment ...
Cybersecurity startup XM Cyber acquired for $700M by Schwarz Group
Schwarz Group, one of the world’s largest retailers, has acquired cybersecurity startup XM Cyber Ltd. in a deal worth $700 million. The companies announced the acquisition this morning. Following the transaction, XM Cyber will continue to operate independently and its cybersecurity platform is set to retain the current brand and support structure. Israel-based XM Cyber ...
Avaya shares soar after strong earnings results
Avaya Holdings Corp., a major provider of communications software for enterprises, today posted better-than-expected fourth-quarter results that sent its share price soaring more than 23%. NYSE-listed Avaya also reported results for the full 2021 fiscal year. Boosted by its strong performance, the company grew full-year revenues by about $100 million from 12 months ago, to ...
Alphabet’s X lab shares new details about its Everyday Robots initiative
Alphabet Inc.’s X research lab today provided an update about its Everyday Robots project, which aims to develop robots capable of performing day-to-day tasks such as tidying chairs. The X research lab explores emerging technologies that fall outside the main focus area of parent Alphabet. Before the Everyday Robots project, the lab ran the autonomous ...
DOD invites Amazon, Microsoft, Google and Oracle to bid for JWCC cloud program
The U.S. Department of Defense has asked Amazon.com Inc., Microsoft Corp., Google LLC and Oracle Corp. to submit bids for the Joint Warfighting Cloud Capability cloud computing procurement program. The decision was made public today. Officials reportedly estimate that the value of the cloud contracts issued through the Joint Warfighting Cloud Capability program, or JWCC ...
Kyndryl and VMware expand partnership with focus on multicloud environments
Kyndryl Holdings Inc., the former IBM Corp. business that now operates as an independent company, and VMware Inc. are expanding their partnership to help enterprises speed up their cloud initiatives. The companies announced the move today. The partnership expansion comes a few weeks after Kyndryl completed its spinoff from IBM to become an independent firm listed ...
Report: Apple could launch self-driving electric car in 2025
Apple Inc. could bring its long-rumored electric car to market as soon as 2025 and with a “full self-driving system” onboard, Bloomberg reported today. The 2025 target launch date is said to represent an acceleration of Apple’s development roadmap. According to Bloomberg’s sources, some engineers at the company were as of earlier this year planning ...
OpenAI makes GPT-3 more broadly available to developers
OpenAI today broadened availability of its cloud-based OpenAI API service, which enables developers to build applications based on the research group’s sophisticated GPT-3 artificial intelligence model. Previously, developers had to sign up for a waitlist and availability was limited. OpenAI said that the move to make OpenAI API more widely accessible was made possible by ...
No-code workflow automation provider Formstack raises $425M
Workflow automation provider Formstack LLC has raised $425 million to grow its cloud platform, which is used by more than 25,000 companies to help their workers more efficiently manage documents and forms. The investment was announced this morning. Formstack says that growth equity firms Silversmith Capital Partners and PSG provided the funding. PSG previously invested ...