Maria Deutscher
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Robot fleet management startup Formant nabs $18M investment
Robotics software startup Formant Inc. today announced that it has closed an $18 million funding round led by SignalFire to accelerate go-to-market and product development initiatives. Network equipment maker Ericsson participated in the round as well, along with about a half-dozen other investors. Robot developers are increasingly equipping their machines with artificial intelligence software to ...
Zero-trust security startup Xage raises $30M funding round
Xage Security Inc., a startup helping companies such as utilities and logistics firms improve the cybersecurity of their infrastructure, has closed a $30 million funding round. Announced today, the funding round was led by Piva with participation from more than a half-dozen other investors. Xage has raised a total of $54 million since launching. Companies ...
Amazon announces broad cloud and AI collaboration with auto giant Stellantis
Amazon.com Inc. today detailed a broad collaboration with Stellantis NV, one of the world’s top automakers, that will encompass smart vehicles, a cloud-based data mesh and other ambitious technology initiatives. Stellantis was formed in 2021 from the merger of Chrysler Automobiles and PSA Group. The Amsterdam-based company has more than 400,000 employees worldwide. It operates 14 ...
AMD, Intel and Nvidia show off their newest consumer chips at CES 2022
Advanced Micro Devices Inc., Intel Corp. and Nvidia Corp. all updated their respective product portfolios at CES 2022 today by introducing new chips for the consumer market. Intel’s Mobileye self-driving vehicle division also debuted its latest silicon. Mobileye detailed an upcoming chip called the EyeQ Ultra that targets autonomous driving use cases and offers 10 ...
Human raises $100M in funding for its bot mitigation technology
Human Security Inc., a startup that helps enterprises mitigate malicious bot traffic, has closed a $100 million funding round led by WestCap. Human announced the investment this morning. The startup said the venture capital firm NightDragon and a number of existing backers participated as well. According to the company, an estimated 77% of cyberattacks are ...
Google buys cybersecurity startup Siemplify for reported $500M
Google LLC today said that it has acquired venture-backed cybersecurity startup Siemplify, officially CyArx Technologies Ltd, to enhance its breach prevention capabilities. The search giant didn’t specify the deal’s financial terms in its announcement. But CTech reported that the transaction is estimated to be worth $500 million, which represents a major win for Siemplify’s investors. ...
Apple becomes first publicly traded US company to surpass $3T valuation
Apple Inc. today became the first publicly traded U.S. company to achieve a market capitalization of $3 trillion, a feat that comes less than four years after the iPhone maker’s valuation reached $1 trillion. The iPhone maker’s latest stock market milestone follows a 34% increase in its share price during 2021. The combined value of ...
Samsung debuts new smart TVs and solar-powered remote at CES
Samsung Electronics Co. Ltd. introduced an array of new smart TVs at CES 2022 today, as well as a remote control that generates its own electricity from sunlight and radio waves. The new TVs are joining Samsung’s Micro LED, QLED Neo and Lifestyle product lines. The remote control, meanwhile, will be included out of the ...
Twitter completes sale of MoPub mobile ad business to AppLovin for $1.05B
Twitter Inc. today announced that it has completed the sale of its MoPub mobile advertising business to AppLovin Corp. for $1.05 billion. The deal officially closed on Saturday, Jan. 1, two months after Twitter and AppLovin first announced the sale. MoPub operates a cloud platform that enables mobile developers to make money from their apps by ...
India’s competition regulator orders investigation of Apple’s App Store policies
India’s competition regulator today ordered an investigation into Apple Inc.’s App Store policies, which have drawn mounting antitrust scrutiny in recent years. The Competition Commission of India reportedly decided to launch the probe after tentatively determining that Apple has violated certain antitrust regulations. A report containing the investigation’s findings is set to be prepared within ...