Maria Deutscher
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Deliveroo narrows IPO price target amid volatility in tech stocks
Food delivery giant Deliveroo today narrowed the price range for its forthcoming initial public offering, lowering the top end of its target valuation by £1 billion or about $1.38 billion. The move follows a recent slide in tech stocks driven by increased U.S. Treasury yields. London-based Deliveroo, incorporated as Roofoods Ltd., has about 6 million customers ...
Facebook details plans for two new undersea internet cables
Facebook Inc. this morning announced plans to deploy two new undersea internet cables that will connect the U.S. with Indonesia and Singapore. Google LLC is participating in one of the projects as well. For the last few years, the tech industry’s largest players have been driving a sizable portion of global spending on subsea internet ...
Blockchain analytics startup Chainalysis raises $100M in fresh funding
Chainalysis Inc., a startup that helps government agencies and banks detect illicit cryptocurrency transactions, has closed a $100 million funding round at a valuation exceeding $2 billion. The round, announced this morning, comes just months after the startup’s previous $100 million raise. This latest round saw the participation of Time Ventures, the investment firm of ...
AWS launches Lookout for Metrics to help companies monitor their operations
Amazon Web Services Inc. today announced the general availability of Amazon Lookout for Metrics, a machine learning service designed to help enterprises detect and respond to important business events such as a sudden jump in user sign-ups. With the service, AWS is looking to address a number of technical challenges that normally make such business ...
Cybersecurity startup Morphisec reels in $31M funding round
Morphisec Ltd., a cybersecurity startup with offices in the U.S. and Israel, today said that it has nabbed $31 million in fresh funding to support expansion initiatives. The startup employs a method it calls moving target defense to hide weak points in a company’s systems that hackers could potentially use to carry out breaches. Morphisec ...
Samsung’s newest memory chip more than doubles speeds of earlier modules
Samsung Electronics Co. Ltd. has developed a new type of random-access memory chip using an innovation known as high-k metal gate technology that can provide more than double the performance of previous-generation memory modules. Samsung detailed the chip (pictured) today. The company is targeting it at processor-intensive enterprise use cases such as supercomputing, machine learning ...
Qualcomm and Volvo back $100M round for supply chain analytics startup FourKites
FourKites Inc. today said that it has raised $100 million in fresh financing to extend the reach of its supply chain analytics platform, which already tracks more than a million shipments a day for enterprises worldwide. The round was led by private equity firm Thomas H. Lee Partners with participation from Qualcomm Inc., Volvo Group ...
Feedzai bags $200M at unicorn valuation for its AI fraud detection platform
Feedzai Inc., a fraud detection startup with a client roster that includes 80% of the Fortune 500, has landed a $200 million round of funding led by investment firm KKR. The round was announced this morning. It brings Feedzai’s total outside funding to more than $277 million and its valuation above the $1 billion mark. ...
CEOs of Facebook, Google and Twitter to testify before Congress Thursday
The chief executives of Facebook Inc., Google LLC and Twitter Inc. are scheduled to testify before Congress on Thursday about their companies’ efforts to combat online misinformation. The written testimonies set to be delivered by Mark Zuckerberg, Sundar Pichai and Jack Dorsey were published in advance on the House of Representatives’ website, CNBC reported today. The ...
Analytics startup Dataminr closes $475M round at $4.1B valuation
Dataminr Inc., a startup that helps organizations spot useful information in social media posts and other publicly available data on the web, is now valued at $4.1 billion after closing a $475 million round of fresh funding. The round was announced this morning. More than a half-dozen investors took part, among them Morgan Stanley’s Tactical ...