Maria Deutscher
Latest from Maria Deutscher
Akamai acquires WebAssembly function-as-a-service startup Fermyon
Akamai Technologies Inc. today announced that it has acquired Fermyon Inc., a startup with a function-as-a-service platform based on WebAssembly. The terms of the deal were not disclosed. Fermyon previously raised $20 million in funding from Insight Partners, Amplify Partners and angel investors. WebAssembly, the open-source technology that underpins the company’s platform, provides a virtual ...
Intel shares jump 10% on report of potential chip production deal with Apple
Shares of Intel Corp. closed 10% higher today following a report that it may win a contract to produce chips for Apple Inc. devices. Prominent Apple analyst Ming-chi Kuo wrote on X that reports of the potential deal have been swirling in the semiconductor industry for some time. “Visibility around this had remained low,” Kuo ...
Google drops EU antitrust complaint against Microsoft amid cloud probe
Google LLC has dropped an antitrust complaint that it filed in the European Union last year over Microsoft Corp.’s business practices. The search giant announced the move today. The development comes a few days after the European Commission, the EU’s executive arm, launched an antitrust probe into Microsoft. The investigation will scrutinize the company’s conduct ...
Gravis Robotics raises $23M to integrate AI into earthmoving equipment
Gravis Robotics AG, a startup that develops autonomy kits for earthmoving vehicles, has closed a $23 million funding round. IQ Capital and Zacua Ventures led the investment. Gravis stated in its announcement of the deal today that Pear VC, Imad, Sunna Ventures, Armada Investment and Holcim participated as well. The company’s flagship product is a ...
ServiceNow could reportedly acquire cybersecurity startup Veza for $1B+
ServiceNow Inc. is reportedly in advanced talks to acquire Veza Inc., a startup with an identity management platform of the same name. The Information late Wednesday cited sources as saying that the deal could be worth more than $1 billion. That’s more than four times the amount of funding Veza has raised to date. The ...
Mixpanel breach compromises some OpenAI API users’ account data
A breach at data analytics provider Mixpanel Inc. has compromised the account information of some OpenAI Group PBC users. The ChatGPT developer disclosed the incident on Wednesday. Mixpanel’s namesake analytics platform enables companies to collect data about how users interact with their applications. The software tracks metrics such as customer retention, uptime and performance. At ...
Jeff Bezos’ Project Prometheus reportedly acquires AI startup General Agents
Project Prometheus, a new company co-led by Jeff Bezos, has reportedly acquired a low-profile artificial intelligence startup called General Agents. Wired reported the deal today. The amount of the deal wasn’t revealed. The existence of Project Prometheus was revealed by the New York Times last week. The company is co-led by Bezos and Vik Bajaj, ...
Paxos acquires crypto wallet startup Fordefi for $100M+
Paxos Trust Company LLC has acquired Fordefi Inc., a startup with a crypto wallet platform used by more than 200 institutional investors. Fortune reported on Tuesday that the deal is worth more than $100 million. That’s a premium over the $83 million valuation Fordefi is believed to have received following its most recent funding round last ...
Prominent tech executives back $36M round for cybersecurity startup Clover Security
Clover Security Ltd., a new startup that provides cybersecurity software for developers, launched today with $36 million in funding. Notable Capital and Team8 led the round. They were joined by more than a half-dozen other investors including Wiz Inc. co-founders Assaf Rappaport and Yinon Costica, cybersecurity entrepreneur Shlomo Kramer and executives from several publicly traded ...
Nvidia shares drop on report Meta may buy AI chips from Google
Shares of Nvidia Corp. closed 2.6% lower today following a report that Meta may buy Google LLC’s TPU artificial intelligence chips. Sources told The Information that the tensor processing unit processor deal could be worth billions of dollars. It’s believed Meta may kick off the partnership next year by leasing TPUs hosted in Google LLC. ...