Maria Deutscher
Latest from Maria Deutscher
Deliveroo tells investors rival Delivery Hero has bought 5% of its shares
Food delivery provider Deliveroo PLC has notified investors that one of its main rivals, Delivery Hero SE, had acquired 5.09% of its outstanding shares. CNBC reported the news this morning. Deliver Hero’s investment, which is estimated to be worth about $400 million, sent shares of Deliveroo soaring about 10% at one point to their highest ...
Avaya acquires CTIntegrations to accelerate its shift to the cloud
Communications software maker Avaya Holdings Corp. has acquired CTIntegrations LLC to expand the capabilities of its OneCloud product suite, which stands at the center of the company’s plan to move to a cloud-centric business model. Avaya announced the deal today in conjunction with the release of its third-quarter earnings report. The company slightly surpassed analyst ...
Snorkel AI raises $85M at $1B valuation to create AI training datasets automatically
Stanford University spinoff Snorkel AI Inc. today announced that it has raised $85 million in funding to continue commercializing its namesake software tool, which is used by companies such as Apple Inc. and Google LLC to speed up their machine learning projects. The funding round values Snorkel AI at $1 billion. Google’s GV venture capital ...
Report: Google planning new San Jose campus with up to 3,500 workers
Google LLC is looking to build a new campus in San Jose, California dubbed “Midpoint” that will accommodate up to 3,500 staffers, according to a report in CNBC today. Citing planning documents, CNBC reported that the search giant is also planning a second corporate hub next to Midpoint to house parts of its hardware development ...
Software testing startup Statsig raises $10.4M round led by Sequoia
Statsig Inc., a new startup with a cloud service designed to help companies find ways of improving their software, on Thursday said that it has closed a $10.4 million funding round led by Sequoia Capital. The investment also saw the participation of Madrona Venture Group, as well as a group of angel investors. Among Statsig’s ...
Low-code automation provider Appian acquires process mining specialist Lana Labs
Appian Inc., a major provider of software for automating business tasks in the enterprise, has acquired Berlin-based process mining technology provider Lana Labs GmbH. Appian announced the deal on Thursday. The acquisition comes in a time when the process mining segment is becoming a bigger focus both for enterprise software makers and tech investors. Nasdaq-listed ...
Cloud giants join new government initiative to combat cyberattacks
The Cybersecurity and Infrastructure Security Agency is launching a new initiative through which it will work with private sector companies to combat hacking campaigns. The agency, which is part of the U.S. Department of Homeland Security, announced the initiative today. Over half a dozen companies have signed on including public cloud leaders Amazon Web Services ...
Qualcomm offers $4.6B to buy vehicle software and sensor supplier Veoneer
Qualcomm Inc. today made a $4.6 billion offer to acquire Veoneer Inc., whose technology is used by automakers to build partly autonomous driving features into their smart cars. The offer is part of Qualcomm’s ongoing effort to expand beyond the smartphone chip market to other areas. The company is also pursuing expansion opportunities in the ...
AWS and Verizon launch their edge computing solution in three more cities
Amazon Web Services Inc. and Verizon Communications Inc. today announced that they have launched their solution for hosting applications at the edge of the network in three additional U.S. cities: Chicago, Houston and Phoenix. The offering is now available in 13 of the 20 largest metropolitan areas in the U.S. AWS offers edge application hosting ...
Microsoft researchers reveal neural network with 135B parameters
Microsoft Corp. today announced that its researchers have developed a neural network with 135 billion parameters and deployed it in Bing to improve search results for users. At 135 billion parameters, the neural network is described as the largest “universal” artificial intelligence that the company has running in production. It’s also one of the most ...