Maria Deutscher
Latest from Maria Deutscher
AI optimization startup OctoML nabs $85M after key chipmaker partnerships
OctoML Inc., a startup founded by University of Washington computer scientists to make artificial intelligence models more efficient, today disclosed that it has closed a $85 million funding round. Lead investor Tiger Global Management was joined in the round by returning backers Addition, Madrona Venture Group and Amplify Partners. OctoML launched in 2019 to commercialize ...
Digital Currency Group reaches $10B valuation after $700M secondary sale
Digital Currency Group Inc., a conglomerate that owns several of the biggest players in the cryptocurrency ecosystem and has stakes in many others, is valued at $10 billion following a secondary sale announced this morning. In the secondary sale, a group of investors led by SoftBank Group Corp. bought shares from the company’s existing backers. ...
VMware completes its spinoff from Dell
VMware Inc. today became an independent company after completing its spinoff from former parent company Dell Technologies Inc., a move that has been in the works for several quarters. VMware, which has a market capitalization of more than $63 billion as of this morning, is a top provider of software for managing data center and ...
E-commerce technology startup Bolt Financial reportedly raising $777M round
Bolt Financial Inc., a rapidly growing startup that provides software for online retailers, is reportedly raising a new $777 million round of funding at a pre-money valuation of $10 billion to $11 billion. Bolt Financial’s plans were reported this morning by Axios, which attributed the information to multiple sources familiar with the matter. San Francisco-based ...
GAO recommends reevaluation of proposals for $10B NSA cloud contract
The Government Accountability Office today called for a reevaluation of the proposals submitted by Amazon Web Services Inc. and Microsoft Corp. in connection with a $10 billion cloud contract to enhance the National Security Agency’s technology environment. The $10 billion NSA contract, code-named WildandStormy, was awarded to public cloud market leader AWS earlier this year. ...
Google developing ‘next-generation’ AI capable of learning millions of tasks
Google LLC has detailed Pathways, an internal artificial intelligence project aimed at facilitating the development of neural networks that can learn thousands and potentially even millions of tasks. Jeff Dean, the Senior Vice President of Google Research, provided an overview of the company’s work on Pathways in a Thursday blog post. The executive described the ...
Check Point Software surpasses third-quarter estimates after strong product growth
Check Point Software Technologies Ltd. closed its fiscal third quarter with adjusted earnings of $1.65 per share on $534 million in revenue, surpassing analyst expectations. The cybersecurity software maker posted financial results for the third quarter ended Sept. 30 today. Analysts polled by Refinitiv had projected earnings of $1.60 a share on revenue of $530 ...
GlobalFoundries IPO raises $2.6B as chipmaker plans to expand production capacity
GlobalFoundries Inc. started trading on the Nasdaq stock exchange this morning after an initial public offering that priced at the top end of the target range and raised about $2.6 billion. GlobalFoundries is currently trading under the ticket symbol GFS at about $45 per share, down slightly from the initial IPO price of $47 a ...
Alchemy raises $250M at $3.5B valuation for its blockchain-focused developer tools
Alchemy Insights Inc. today announced that it has raised $250 million in funding at a $3.5 billion valuation, about seven times what the startup was worth six months ago, to help developers build blockchain-based apps. San Francisco-based Alchemy says its sales have grown even faster than its valuation over the past six months. The startup’s ...
Observability provider Dynatrace tops expectations with latest quarterly results
Dynatrace Inc. can now boast of topping analysts’ revenue expectations in each of the past four quarters after growing sales by 34% in the three months ended Sept. 30, to $226 million. The company also detailed in its fiscal second-quarter earnings report today that 94% of its revenue came from subscriptions. Dynatrace provides a cloud ...