Maria Deutscher
Latest from Maria Deutscher
Marvell inks $1.1B deal to acquire network chip startup Innovium
Chipmaker Marvell Technologies Inc. today announced that it has inked a $1.1 billion deal to buy Innovium Inc., a startup with a line of processors used by cloud providers to power their data center networking infrastructure. Publicly-traded Marvell is financing the acquisition entirely with shares of its common stock. The company expects that Innovium will ...
Fintech startup Rapyd raises $300M to make more acquisitions
Financial technology startup Rapyd Financial Network Ltd. today announced that it has raised $300 million in funding to expand business operations and make more acquisitions. Target Global led the round, which comes only about eight months after Rapyd closed its previous $300 million raise. About a dozen other institutional investors participated as well including BlackRock, ...
Ivanti acquires cybersecurity startup RiskSense
Ivanti Inc., a major provider of software for managing information technology infrastructure, today announced that it has acquired venture-backed startup RiskSense Inc. to expand its cybersecurity capabilities. The deal is the latest in a series of startup acquisitions announced by the company recently. Salt Lake City, Utah-based Ivanti counts most of the enterprises on the ...
Google previews new Pixel phones with AI-optimized Tensor chip
Google LLC today previewed its next two Pixel smartphones, which the search giant says will be powered by an internally-developed chip with an embedded machine learning module. The Pixel 6 and Pixel 6 Pro are set to become available for consumers in the fall. Google will only share the devices’ full specifications at launch, but the ...
Salesforce’s MuleSoft buys RPA specialist Servicetrace
MuleSoft today announced that it’s buying Servicetrace GmbH, a German software company with a robotic process automation platform for making enterprises’ business operations more efficient. Financial terms were not disclosed. MuleSoft is a subsidiary of Salesforce.com Inc. which it joined in 2018 through a $6.5 billion deal. Servicetrace’s RPA platform observes how a company’s employees ...
MoEngage raises $32.5M to optimize enterprises’ marketing operations
MoEngage Inc., a marketing analytics and automation startup that counts major brands such as Samsung Electronics Co. Ltd. among its customers, has raised $32.5 million in new funding. MoEngage announced the Series C1 round today. New investor Multiples led the round while existing backers Eight Roads Ventures, F-Prime Capital and Matrix Partners participated as well. ...
Amazon ordered to pay $887M fine over data misuse
Luxembourg’s top privacy watchdog has issued a fine of 746 million euros, or about $887 million, to Amazon.com Inc. over its user data processing practices, the company disclosed in a regulatory filing today. The Luxembourg National Commission for Data Protection found that Amazon processed personal information in a way that breached the European Union’s General ...
AWS makes IoT SiteWise Edge generally available to power industrial data projects
Amazon Web Services Inc. today announced the general availability of AWS IoT SiteWise Edge, a tool that helps industrial companies process sensor data from their equipment to perform tasks such as detecting technical issues. Manufacturers and other industrial companies are incorporating more software into their day-to-day operations. As part of the trend, many firms are ...
Coralogix raises $55M to help companies monitor their IT infrastructure
Information technology monitoring startup Coralogix Ltd. today announced that it has closed a $55 million funding round led by Greenfield Partners to expand product development and go-to-market activities. The investment comes a little less than a year after Coralogix’s previous $25 million round. The startup says that year-over-year growth has tripled in the last 12 ...
Shares of Robinhood drop in trading debut after $2B IPO
Shares of Robinhood Markets Inc. closed down more than 8% in their trading debut on the Nasdaq today after the company raised nearly $2 billion through its initial public offering Wednesday. The investors who participated in the IPO bought 52.4 million shares for $38 apiece. Robinhood is currently trading at about the same price, which ...