Maria Deutscher
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Andreessen Horowitz launches new $400M seed fund
Prominent venture capital firm Andreessen Horowitz today revealed that it’s launching a new $400 million fund to back seed-stage startups. The move follows a significant jump in venture capital investments during the first six months of 2021. Andreessen Horowitz, known informally as a16z, is looking to back startup teams across “any areas of tech” through ...
IronNet becomes publicly traded company after completing SPAC merger
Cybersecurity provider IronNet Inc. today announced that it has completed its merger with special-purpose acquisition company LGL Systems Acquisition Corp. and is now publicly traded on the New York Stock Exchange. IronNet was founded in 2014 by former National Security Agency director General (Ret.) Keith Alexander. The company provides a cybersecurity platform that uses artificial ...
Apple will change some App Store rules to settle developer lawsuit
Apple Inc. will make changes to some of the App Store’s terms of service, including the rules regarding in-app purchases, to settle a class-action lawsuit brought by 67,000 iOS developers. The company announced the proposed changes on Thursday. They will reportedly have to be approved by a court before going into effect. In 2019, a ...
TSMC will reportedly raise prices of advanced chips by 10%
TSMC Ltd., the world’s largest semiconductor foundry, is reportedly raising the prices of its most advanced chips by about 10%. The company is also boosting the prices of less advanced chips by approximately 20%, according to the Wall Street Journal report that revealed the move today. The increases are expected to take effect later this ...
Pioneering AWS Senior Vice President Charlie Bell joins Microsoft
Amazon Web Services Inc. executive Charlie Bell has left the cloud giant to join rival Microsoft Corp., multiple publications reported this week. Bell’s departure was first reported on Wednesday morning by Business Insider. CNBC and The Information separately confirmed that the executive has joined Microsoft. Bell (pictured) held the role of senior vice president at ...
No-code testing startup Leapwork bags $62M to make applications more reliable
Copenhagen-based startup Leapwork ApS today disclosed that it has received $62 million from investors through a funding round described as the largest Series B investment ever raised in Denmark. KKR & Co. Inc. and Salesforce.com Inc.’s venture capital arm jointly led the investment. Leapwork provides a software platform that enterprises use to find and fix ...
Automation Anywhere adds new tool and services to ease enterprise RPA programs
Automation Anywhere Inc. today debuted a new assessment tool and professional services offerings to assist enterprises with implementing robotic process automation in their operations. Robotic process automation, or RPA, refers to a category of software platforms that use artificial intelligence to perform repetitive business chores normally carried out by a firm’s employees. Automation Anywhere is ...
Report: Western Digital in talks for $20B+ merger with flash chip maker Kioxia
Shares of data storage giant Western Digital Corp. jumped 7.8% today after the Wall Street Journal reported that the company is holding merger talks with Kioxia Holdings Corp., a major flash memory manufacturer. The deal could be worth more than $20 billion, the Journal’s sources said. The sources believe that Western Digital and Kioxia could ...
Involve.ai raises $16M to boost companies’ customer retention rates with AI
Involve.ai Inc., a startup using artificial intelligence to help enterprises improve their customer retention rates, today announced that it has closed a $16 million funding round led by Sapphire Ventures. Greycroft, Stanford University and more than a half-dozen other investors participated in the round as well. The funding follows 12 months of rapid growth for ...
Cribl raises $200M to simplify how enterprises monitor their IT infrastructure
Startup Cribl Inc., which helps organizations such as NASA’s Jet Propulsion Laboratory find technical issues in their technology infrastructure, today announced that it has closed a $200 million funding round. Greylock and Redpoint Ventures led the round. They were joined by publicly traded cybersecurity provider CrowdStrike Inc., IVP, Sequoia, CRV and Citi Ventures. Organizations continuously ...