Maria Deutscher
Latest from Maria Deutscher
Microsoft Corp. has scrapped plans to develop a new version of its HoloLens 2 mixed-reality headset, Insider reported on Wednesday. Sources told the publication that the project was scrapped in the middle of last year. Around the same time, Microsoft is said …
Managed data lakehouse startup Onehouse launches with $8M in funding
Onehouse, a new data lakehouse startup, today launched from stealth mode after raising a $8 million seed funding round co-led by Greylock and Addition. A lakehouse is a new type of software solution that helps enterprises more efficiently extract insights from their …
Dynatrace tops quarterly revenue and earnings expectations, but stock tumbles
Shares of Dynatrace Inc. dropped more than 19% today after the company posted third-quarter financial results, even though both its earnings and revenue surpassed analysts’ expectations. NYSE-traded Dynatrace provides an observability platform that enterprises use to detect and fix technical issues in …
Pecan AI nabs $66M to simplify AI development in the enterprise
Artificial intelligence startup Pecan AI Ltd. today announced that it has closed a $66 million funding round led by Insight Partners. S-Capital, GGV, Dell Technologies Inc.’s venture capital arm, Mindset Ventures and Vintage Investment Partners participated in the Series C round as …
GM’s Cruise autonomous vehicle unit raises $1.35B from SoftBank
Cruise, the autonomous vehicle unit of General Motors Co., today announced that it has raised $1.35 billion in funding from SoftBank Group Corp.’s Vision Fund. The funding is part of a $2.25 billion investment that SoftBank originally announced in 2018. Cruise received …
Chargebee raises $250M at $3.5B valuation for its subscription management platform
Startup Chargebee Inc. is now worth $3.5 billion, more than double the valuation it received last April, after closing a $250 million funding round led by Tiger Global and Sequoia. Chargebee said in its announcement of the investment today that a number …
Google and Microsoft back new industry initiative to fix open-source vulnerabilities
The Open Source Security Foundation, an industry group backed by some of the world’s largest tech firms, today launched a new initiative focused on finding and fixing vulnerabilities in open-source software. The initiative is known as the Alpha-Omega Project. It’s launching following …
Sony to acquire video game developer Bungie for $3.6B
Sony Interactive Entertainment LLC today announced plans to acquire Bungie Inc., a major video game developer, for $3.6 billion. The transaction represents the third multibillion-dollar acquisition of a video game company since the start of the year. Sony Interactive Entertainment is Sony …
BlackBerry to sell noncore patents for $600M
BlackBerry Ltd. today announced that it is selling a portfolio of patents related to mobile devices, messaging software and networking technology in a transaction valued at $600 billion. The buyer is Catapult IP Innovations Inc., a Delaware-incorporated investment vehicle set up specifically …
Pennylane raises $57M for its cloud-based accounting platform
Paris-based accounting software startup Pennylane today disclosed that it has raised 50 million euros, or about $57 million, in funding from a group of investors led by Sequoia Capital. The investment is the latest in a series raised by startups developing tools …