Maria Deutscher
Latest from Maria Deutscher
Palo Alto Networks reveals malware-detecting WiFi router
Palo Alto Networks Inc.’s newest product is the Okyo Garde, a wireless mesh router with built-in cybersecurity capabilities that enterprises can use to protect remote workers’ home networks from hacking attempts. The device was announced today and is expected to become available in the fall. Publicly traded Palo Alto Networks is one of the world’s ...
Enterprise software giant Visma valued at $19B ahead of potential 2023 IPO
Norway-based enterprise software maker Visma AS, whose products are used by more than 1.1 million organizations worldwide, is now worth $19 billion after a secondary share sale. The company disclosed the sale late Thursday. This morning, Visma made another announcement, saying that it’s weighing plans to go public in 2023. “We are considering an IPO ...
Confirming reports, Amazon debuts smart TVs with Alexa integration
Amazon.com Inc. today debuted two lines of smart TVs, the Fire TV Omni Series and 4-Series, that will enable consumers to perform actions such as adjusting the display brightness using Alexa voice commands. The company also introduced a new Alexa-powered streaming stick that can be plugged into an existing display to access content from popular ...
Snyk raises $530M at $8.5B valuation to help developers detect vulnerable code
Snyk Ltd., whose software is used by developers at tech giants such as Google LLC to fix vulnerable software code, today said that it has closed a $530 million funding round co-led by Sands Capital and Tiger Global. Snyk is now worth $8.5 billion, more than triple its valuation at the start of the year. ...
Databricks announces closing of its $1.6B funding round
Databricks Inc. today announced the final closing of the $1.6 billion funding round it first disclosed last month and revealed a notable new detail: All three of the industry’s top cloud providers participated in the investment. The $1.6 billion round values Databricks at a hefty $38 billion. It’s not often that Amazon Web Services Inc., Microsoft ...
Coveo adds more developer features to its AI-powered digital experience platform
Coveo Solutions Inc., a unicorn startup that helps companies such as Salesforce.com Inc. and Adobe Inc. improve their websites with artificial intelligence, today introduced new features to help developers more easily use its technology. Coveo announced the features at its annual Relevance 360 Week virtual event. Quebec City, Canada-based Coveo started out as a provider ...
Activist investor Elliott Management reportedly takes $1B+ stake in Citrix
Activist investor Elliott Management Corp. has purchased a stake of more than 10% in enterprise software maker Citrix Systems Inc., according to a new report. The Wall Street Journal reported the investment late Tuesday, citing people familiar with the matter. Elliott’s stake is believed to be worth around $1.3 billion. The firm is reportedly looking to ...
Multicloud networking startup Aviatrix raises $200M at $2B valuation
Multicloud networking startup Aviatrix Systems Inc. today announced that it has closed a $200 million round of growth funding valuing it at $2 billion. The round nearly triples the $700 million-plus valuation that Aviatrix reportedly received after its previous funding round six months ago. That valuation, in turn, was more than double what the startup ...
Coinbase delays product launch after SEC lawsuit notice
The U.S. Securities and Exchange Commission has sent a letter to Coinbase Global Inc. stating that it will file a lawsuit against the company if it goes ahead with the launch of a planned cryptocurrency lending service. Coinbase disclosed the development this morning. Paul Grewal, the company’s chief legal officer, accused the SEC in a ...
Mendix debuts new AI features for its low-code application development platform
Mendix Technology BV today debuted new artificial intelligence features and other enhancements for its low-code development platform that it says will enable companies to build software more efficiently. Mendix has been operating as a unit of industrial equipment giant Siemens AG since a $700 million acquisition in 2018. The low-code specialist says its platform lowers ...