Maria Deutscher
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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 ...
Database startup SingleStore doubles down on cloud with $80M from top investors
SingleStore Inc., a startup with a database used by tech giants such as Intel Corp. and Cisco Systems Inc., today announced that it has raised $80 million in fresh funding from a consortium of prominent investors. Insight Partners led the consortium. The firm was joined by Khosla Ventures, Rev IV and Glynn Capital, as well ...
Apple schedules iPhone 13 ‘California streaming’ event for Sept. 14
Apple Inc. today distributed invitations to a virtual event where the company is widely expected to introduce the next iteration of its flagship smartphone line, the iPhone 13 series. The event, which has the tagline “California streaming,” is scheduled to take place on Sept. 14 at 10 a.m. PDT. This year’s iPhone lineup is expected to ...
Cisco debuts new features for Webex after reaching 8B monthly calls
Cisco Systems Inc. today debuted a set of new features for its popular Webex Suite bundle of cloud communications services, including management tools that will make information technology teams’ work easier. The company also shared an update about Webex’s market traction on the occasion. According to Cisco, the platform now hosts 8 billion calls a ...
Cloud-based HR startup Factorial raises $80M
Tiger Global has led a $80 million funding round for Everyday Software SL, better known as Factorial, a startup with a cloud-based human resources platform used by more than 76,000 companies worldwide. Factorial announced the funding early this morning. Tiger Global was joined in the investment by Creandum, Point Nine Capital, K Fund and CRV, ...
Quantum Machines reels in $50M for its quantum computer orchestration platform
Quantum Machines Ltd., a startup with a hardware platform that makes quantum computers easier to build and operate, today announced that it has closed a $50 million funding round led by Red Dot Capital Partners. Quantum Machines said that the round also saw the participation of more than a half-dozen other investors, including Samsung Electronics ...
Food delivery giant Delivery Hero raises $1.5B
Publicly traded food delivery company Delivery Hero SE has raised 1.25 billion euros, or about $1.5 billion, through a sale of convertible bonds intended to support growth initiatives. The sale was reported by Bloomberg today. Delivery Hero is said to have sold 750 million euros’ worth of bonds due in 2026 and an additional 500 ...
Amazon reportedly planning to launch Alexa-powered TVs
Amazon.com Inc. plans to launch a line of Alexa-powered TVs in the U.S. as early as next month, according to a Thursday report in Business Insider. The move would mark the latest expansion of Amazon’s Alexa-powered smart home device portfolio, which represents a core component of its strategy for the consumer technology market. The upcoming ...
AWS debuts new data storage capabilities at AWS Storage Day
Amazon Web Services Inc. today introduced a host of additions to its data storage portfolio headlined by the new Amazon FSx for NetApp ONTAP service, a managed implementation of NetApp Inc.’s popular file system. The cloud giant made the announcements at its annual AWS Storage Day virtual event. NetApp ONTAP is a popular file system ...