Maria Deutscher
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Flox raises $25M to make software development environments more efficient
Flox, a startup that helps software teams create software development environments, has raised $25 million in funding to finance growth initiatives. Addition led the Series B round. Flox said in its announcement of the deal today that NEA, Hetz, Illuminate Financial and D. E. Shaw participated as well. The startup spun out of D. E. ...
Snowflake launches new program for startups
Snowflake Inc. today launched Snowflake for Startups, a new program that will provide capital and other resources to startups building software on its platform. The big-data and AI company operates a popular cloud data platform that helps companies analyze their business information. Additionally, customers can use that information to build artificial intelligence applications. AI is ...
Vibe coding startup Emergent nabs $23M in funding
Emergent Labs Inc., a startup with an artificial intelligence platform for building applications, today announced that it has raised $23 million in funding. Lightspeed Venture Partners led the Series A round. It was joined by Y Combinator, Google LLC Chief Scientist Jeff Dean and several other backers. The investment brings Emergent’s total outside funding to ...
OpenAI to build five more Stargate data centers in the US with Oracle and SoftBank
OpenAI today announced plans to build five new data center sites in the U.S. as part of its Stargate initiative. Launched in January, Stargate is intended to provide the artificial intelligence provider with 10 gigawatts’ worth of computing infrastructure. The project is expected to cost $500 billion over four years. OpenAI is partnering with Oracle Corp. ...
Microsoft adds new code modernization features to GitHub Copilot and Azure Migrate
Microsoft Corp. today updated its GitHub Copilot and Azure Migrate services with new features designed to help companies modernize their legacy applications. The enhancements are rolling out alongside a professional service offering called Azure Accelerate. Similarly to the feature additions, it focuses on speeding up application upgrades. Programming languages and development tools sometimes receive updates ...
Filevine raises $400M for its legal case management platform
Filevine Inc., the developer of a software platform that helps attorneys create and manage legal documents, has raised $400 million in funding. The startup disclosed today that it received the capital in two tranches. Insight Partners led the first round and co-led the second, larger deal with Accel and Halo Fund. The latter investment also ...
Empower Semiconductor raises $140M+ for its power management chips
Chip startup Empower Semiconductor Inc. today announced that it has closed a funding round worth more than $140 million. Fidelity led the Series D investment. It was joined by Alphabet Inc.’s CapitalG startup fund, Walden Catalyst Ventures, Maverick Silicon, Atreides Management, Socratic Partners, Knollwood and a wholly owned subsidiary of the Abu Dhabi Investment Authority. ...
Nvidia will invest up to $100B in OpenAI to finance data center construction
Shares of Nvidia Corp. rose nearly 4% today after it announced plans to invest up to $100 billion in OpenAI. The funding is intended to help the artificial intelligence provider grow its data center capacity. According to OpenAI, the plan is to add least 10 gigawatts’ worth of computing infrastructure. One gigawatt corresponds to the ...
Oracle appoints Clay Magouyrk and Mike Sicilia co-CEOs amid AI growth
Oracle Corp. today appointed Clay Magouyrk and Mike Sicilia as co-chief executive officers. Magouyrk and Sicilia are succeeding longtime CEO Safra Catz, who is moving to the role of executive vice chair. Oracle’s chair is founder Larry Ellison, who held the CEO post for more than three decades before stepping down in 2014. He is ...
Oracle shares climb on reports it could ink $20B cloud deal with Meta
Shares of Oracle Corp. closed 4% higher today following reports that it’s negotiating a $20 billion deal to provide Meta Platforms Inc. with cloud infrastructure. Sources told Reuters that the Facebook parent would use the hardware for artificial intelligence training and inference. Separately, Bloomberg reported that the value of the deal could exceed $20 billion. ...