Maria Deutscher
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Databricks announces closing of its $1.6B funding round
Databricks Inc. today announced the final closing of the $1.6 billion funding round it first disclosed last month and revealed a notable new detail: All three of the industry’s top cloud providers participated in the investment. The $1.6 billion round values Databricks at a hefty $38 billion. It’s not often that Amazon Web Services Inc., Microsoft ...
Coveo adds more developer features to its AI-powered digital experience platform
Coveo Solutions Inc., a unicorn startup that helps companies such as Salesforce.com Inc. and Adobe Inc. improve their websites with artificial intelligence, today introduced new features to help developers more easily use its technology. Coveo announced the features at its annual Relevance 360 Week virtual event. Quebec City, Canada-based Coveo started out as a provider ...
Activist investor Elliott Management reportedly takes $1B+ stake in Citrix
Activist investor Elliott Management Corp. has purchased a stake of more than 10% in enterprise software maker Citrix Systems Inc., according to a new report. The Wall Street Journal reported the investment late Tuesday, citing people familiar with the matter. Elliott’s stake is believed to be worth around $1.3 billion. The firm is reportedly looking to ...
Multicloud networking startup Aviatrix raises $200M at $2B valuation
Multicloud networking startup Aviatrix Systems Inc. today announced that it has closed a $200 million round of growth funding valuing it at $2 billion. The round nearly triples the $700 million-plus valuation that Aviatrix reportedly received after its previous funding round six months ago. That valuation, in turn, was more than double what the startup ...
Coinbase delays product launch after SEC lawsuit notice
The U.S. Securities and Exchange Commission has sent a letter to Coinbase Global Inc. stating that it will file a lawsuit against the company if it goes ahead with the launch of a planned cryptocurrency lending service. Coinbase disclosed the development this morning. Paul Grewal, the company’s chief legal officer, accused the SEC in a ...
Mendix debuts new AI features for its low-code application development platform
Mendix Technology BV today debuted new artificial intelligence features and other enhancements for its low-code development platform that it says will enable companies to build software more efficiently. Mendix has been operating as a unit of industrial equipment giant Siemens AG since a $700 million acquisition in 2018. The low-code specialist says its platform lowers ...
Database startup SingleStore doubles down on cloud with $80M from top investors
SingleStore Inc., a startup with a database used by tech giants such as Intel Corp. and Cisco Systems Inc., today announced that it has raised $80 million in fresh funding from a consortium of prominent investors. Insight Partners led the consortium. The firm was joined by Khosla Ventures, Rev IV and Glynn Capital, as well ...
Apple schedules iPhone 13 ‘California streaming’ event for Sept. 14
Apple Inc. today distributed invitations to a virtual event where the company is widely expected to introduce the next iteration of its flagship smartphone line, the iPhone 13 series. The event, which has the tagline “California streaming,” is scheduled to take place on Sept. 14 at 10 a.m. PDT. This year’s iPhone lineup is expected to ...
Cisco debuts new features for Webex after reaching 8B monthly calls
Cisco Systems Inc. today debuted a set of new features for its popular Webex Suite bundle of cloud communications services, including management tools that will make information technology teams’ work easier. The company also shared an update about Webex’s market traction on the occasion. According to Cisco, the platform now hosts 8 billion calls a ...
Cloud-based HR startup Factorial raises $80M
Tiger Global has led a $80 million funding round for Everyday Software SL, better known as Factorial, a startup with a cloud-based human resources platform used by more than 76,000 companies worldwide. Factorial announced the funding early this morning. Tiger Global was joined in the investment by Creandum, Point Nine Capital, K Fund and CRV, ...