Maria Deutscher
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Software testing startup Statsig raises $10.4M round led by Sequoia
Statsig Inc., a new startup with a cloud service designed to help companies find ways of improving their software, on Thursday said that it has closed a $10.4 million funding round led by Sequoia Capital. The investment also saw the participation of Madrona Venture Group, as well as a group of angel investors. Among Statsig’s ...
Low-code automation provider Appian acquires process mining specialist Lana Labs
Appian Inc., a major provider of software for automating business tasks in the enterprise, has acquired Berlin-based process mining technology provider Lana Labs GmbH. Appian announced the deal on Thursday. The acquisition comes in a time when the process mining segment is becoming a bigger focus both for enterprise software makers and tech investors. Nasdaq-listed ...
Cloud giants join new government initiative to combat cyberattacks
The Cybersecurity and Infrastructure Security Agency is launching a new initiative through which it will work with private sector companies to combat hacking campaigns. The agency, which is part of the U.S. Department of Homeland Security, announced the initiative today. Over half a dozen companies have signed on including public cloud leaders Amazon Web Services ...
Qualcomm offers $4.6B to buy vehicle software and sensor supplier Veoneer
Qualcomm Inc. today made a $4.6 billion offer to acquire Veoneer Inc., whose technology is used by automakers to build partly autonomous driving features into their smart cars. The offer is part of Qualcomm’s ongoing effort to expand beyond the smartphone chip market to other areas. The company is also pursuing expansion opportunities in the ...
AWS and Verizon launch their edge computing solution in three more cities
Amazon Web Services Inc. and Verizon Communications Inc. today announced that they have launched their solution for hosting applications at the edge of the network in three additional U.S. cities: Chicago, Houston and Phoenix. The offering is now available in 13 of the 20 largest metropolitan areas in the U.S. AWS offers edge application hosting ...
Microsoft researchers reveal neural network with 135B parameters
Microsoft Corp. today announced that its researchers have developed a neural network with 135 billion parameters and deployed it in Bing to improve search results for users. At 135 billion parameters, the neural network is described as the largest “universal” artificial intelligence that the company has running in production. It’s also one of the most ...
IDC predicts enterprise AI spending will surpass $341B in 2020
Companies worldwide will spend $341.8 billion on artificial intelligence software, hardware and related services in 2021, International Data Corp. projected in a new report published today. According to the research firm, the forecast indicates that AI spending is on track to increase by 15.2% compared with 2020. Growth is expected to remain robust in the ...
Google, Dell and Salesforce back $103M round for analytics startup FullStory
Website and app analytics startup FullStory Inc. today divulged that it has raised $103 million in new funding from a group of investors that included the venture capital arms of Dell Technologies Inc., Salesforce.com Inc. and Google LLC. The startup said that the round gives it a valuation of $1.8 billion. Atlanta-based FullStory provides a ...
WorkJam raises $35M to develop software tools for frontline workforces
WorkJam Inc. today announced that it has raised $35 million in funding from Silver Lake Waterman to grow the adoption of its namesake platform, which helps companies with frontline workers operate more efficiently. Frontline workers are professionals who spend most of their work day away from a desk. In recent years, there has emerged an ...
Sophos acquires Refactr to automate code security in the enterprise
Cybersecurity provider Sophos Group PLC has acquired Refactr Inc., a Seattle-based startup with a platform that helps enterprise software teams find and fix vulnerabilities in their code. The financial terms of the deal were not disclosed. The acquisition comes about two weeks after Sophos bought another startup, Braintrace Inc., whose software can scan the packets ...