Maria Deutscher
Latest from Maria Deutscher
Palantir posts 36% revenue growth for third quarter, but stock drops
Palantir Technologies Inc. today reported that its revenue in the third quarter ended Sept. 30 grew by 36% year-over-year, to $392 million, above the $385 million that analysts polled by Refinitiv had expected. The data management and analytics provider’s earnings per share didn’t disappoint either, reaching four cents per share on an adjusted basis, in ...
UiPath introduces new RPA bot development features in latest platform release
UiPath Inc. today introduced a new release of its robotic process automation platform that provides enterprises with more ways of automating repetitive business tasks. Robotic process automation, or RPA, is an increasingly popular technology that helps organizations operate more efficiently. RPA tools such as UiPath’s platform enable companies to create software bots that can perform ...
AI pioneer Andrew Ng’s Landing AI raises $57M in funding
Landing AI Inc., a startup led by artificial intelligence pioneer Andrew Ng, has raised $57 million in funding from a group of investors that included the venture capital arms of Intel Corp. and Samsung Electronics Co. Ltd. The investment was announced this morning. Landing AI will reportedly use the proceeds from the round to double ...
McAfee to be acquired by investor group for $14B+
Publicly traded cybersecurity provider McAfee Corp. is being taken private by an investor group in a transaction worth more than $14 billion, the company announced today. The investor group acquiring McAfee includes Advent, Permira, Crosspoint Capital, CPP Investments, GIC and a wholly owned subsidiary of the Abu Dhabi Investment Authority. The acquisition’s $14 billion-plus price ...
H2O.ai raises $100M to expand its AI development platform
H2O.ai Inc. today announced that it has closed a $100 million funding round led by one of its customers, the Commonwealth Bank of Australia, with participation from Goldman Sachs, Pivot Investment Partners and several others. The Commonwealth Bank of Australia, or CommBank, is one of more than 20,000 organizations that use H2O.ai’s namesake artificial intelligence ...
Micromobility startup Lime raises $523M ahead of 2022 IPO
Micromobility startup Neutron Holdings Inc., better known as Lime, today announced that it has raised $523 million in new financing. The financing was provided in the form of convertible debt and term loan financing. Of the $523 million round, $418 million is reportedly convertible debt that Lime raised through an investment led by Abu Dhabi ...
Report: Meta could launch retail stores as part of metaverse push
Executives at Meta Platforms Inc., formerly Facebook Inc., are reportedly considering launching a network of retail stores to help promote the company’s virtual reality and augmented reality devices. The New York Times revealed the plan in a report this morning. According to the report, sources familiar with the matter and company documents indicate that the ...
Filing for IPO, HashiCorp discloses $212M in annual revenue and fast growth
HashiCorp Inc., the maker of popular open-source tools used by organizations to automate their information technology infrastructure, today filed for an initial public offering. Like other enterprise tech firms that have moved to list their shares in recent quarters, HashiCorp is unprofitable but boasts fast revenue growth. HashiCorp boosted sales from $121.3 million in the ...
Google acquires $1B stake in CME Group as companies ink 10-year cloud deal
CME Group Inc., which operates several major exchanges used to trade in financial instruments, will move its technology infrastructure to Google LLC’s cloud platform as part of a 10-year agreement that the companies announced today. In conjunction, Google disclosed that it has bought $1 billion worth of CME Group stock. Making such a major investment ...
Report: Google seeking to join Pentagon’s JWCC multicloud procurement program
Google LLC is seeking to participate in the U.S. Department of Defense’s Joint Warfighting Cloud Capability technology procurement program, the New York Times reported late Wednesday. The Joint Warfighting Cloud Capability, or JWCC, program is the successor to the controversial Joint Enterprise Defense Infrastructure of JEDI cloud contract that the DOD scrapped earlier this year. The ...