Maria Deutscher
Latest from Maria Deutscher
New $300M round brings fintech startup Ramp’s valuation to $3.9B
Financial technology startup Ramp Business Corp. has raised a $300 million funding round that was led by Founders Fund and saw the participation of payments giant Stripe Inc., as well as more than a half-dozen other investors. Ramp announced the round today. The startup said it’s now valued at $3.9 billion, more than twice what ...
AWS expands cloud backup capabilities with AWS Backup Audit Manager
Amazon Web Services Inc. today launched AWS Backup Audit Manager, a cloud tool that companies can use to check if their data protection processes are working as intended and complying with regulations. Enterprises regularly create backup copies of their data to prepare for the risk that some information may become unavailable because of a technical ...
IT observability unicorn Grafana Labs valued at $3B in new $220M round
Grafana Labs Inc., the startup commercializing one of the most popular open-source tools for finding issues in information technology infrastructure, today announced that it has closed a $220 million funding round. The Series C round gives the startup a valuation of $3 billion. Sequoia Capital and Coatue Management jointly led the investment. They were joined ...
Misconfigured Microsoft Power Apps applications found to expose 38M records
Misconfigured applications built using Microsoft Corp.’s Power Apps platform made 38 million records publicly available on the open web, according to newly released cybersecurity research. The data leaks were the result of a default setting in the platform that made applications’ information data accessible without a password. The research detailing the issue was published today ...
Shelf.io raises $52.5M for its AI-powered enterprise knowledge platform
Startup Shelf.io today announced that it has raised $52.5 million in funding after quadrupling sales of its enterprise knowledge management platform over the preceding year. Shelf.io, officially Gemshelf Inc., says its platform can help companies’ employees find answers to work-related questions faster. The software uses an artificial intelligence engine the startup calls MerlinAI to scan ...
Intel wins Defense Department contract for cutting-edge chip foundry services
Intel Corp. today disclosed that it has won a contract to provide chip manufacturing services to the U.S. Department of Defense. The contract was issued as part of a government initiative known as the Rapid Assured Microelectronics Prototypes – Commercial program, or RAMP-C for short. RAMP-C aims to encourage the use of a U.S.-based chip ...
Report: Google is winding down its healthcare division
Google LLC has reportedly decided to shutter its Google Health division, which was launched in 2018 to develop new technologies for the healthcare sector. Business Insider reported the move today, citing an internal company memo. The memo is said to have been sent to employees on Thursday by Jeff Dean, the head of the search ...
UK antitrust regulator calls for in-depth investigation of Nvidia’s Arm acquisition
The U.K.’s top antitrust regulator, the Competition and Markets Authority, today recommended the launch of an in-depth “Phase 2” investigation into Nvidia Corp.’s proposed acquisition of Arm Ltd. The CMA began reviewing the proposed deal in January. Today’s recommendation to launch a Phase 2 investigation represents the result of the regulator’s initial review. The recommendation ...
AWS launches its Amazon MemoryDB for Redis service into general availability
Amazon Web Services Inc. today announced the general availability of Amazon MemoryDB for Redis, a managed in-memory database that promises to simplify application development projects. Enterprise applications have different requirements when it comes to data access speeds. A revenue forecasting tool, for example, might take a few minutes to import the latest earnings figures from ...
In new complaint, FTC accuses Facebook of breaking antitrust law
The Federal Trade Commission today filed a complaint against Facebook Inc. with the U.S. District Court for the District of Columbia that accuses the company of breaking antitrust law. The complaint is an amended version of a lawsuit that the FTC originally brought last December. According to a statement issued by the agency at the ...