Maria Deutscher
Latest from Maria Deutscher
Report: Apple partners with TSMC for four-nanometer modem chips
Apple Inc. is reportedly partnering with Taiwan Semiconductor Manufacturing Co. to produce iPhone modems using the chipmaker’s four-nanometer manufacturing process. Nikkei Asia today reported that the modem chips are expected to enter mass production in 2023. The timing suggests that the chips could potentially ship with the 2023 iPhones, depending on when mass production will ...
SimPRO raises $350M+ to boost its field service management platform
Field service management startup simPRO Software Pty Ltd. today announced that it has raised more than $350 million through a funding round led by K1 Investment Management. In conjunction, the startup said that it has acquired two fellow software companies to expand its market reach. Field service management is the process through which companies set ...
AI transcription startup Verbit closes $250M funding round
Startup Verbit Inc. today announced that it has secured a $250 million funding round at a $2 billion valuation to develop more features for its namesake transcription and captioning platform. The feature development effort is part of a broader growth plan that the startup detailed this morning. New York-based Verbit also intends to pursue acquisition ...
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 ...