Maria Deutscher
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Google and Facebook detail plans for new 190-terabit subsea internet cable
Google LLC and Facebook Inc. are participating in a project to build a new 7,450-mile subsea cable that will connect Japan, Taiwan, Guam, the Philippines, Indonesia and Singapore. The companies announced the project this morning. The cable is called Apricot and will be capable of transporting 190 terabits of data per second when it comes ...
Startup funding specialist Carta raises $500M at $7.4B valuation
Carta Inc., the operator of a cloud platform that helps startups manage the financial tasks involved in raising funding, has closed a $500 million investment led by Silver Lake. The investment values Carta at $7.4 billion, founder and Chief Executive Officer Henry Ward (pictured) wrote in an announcement today. That’s up from about $3.1 billion ...
Cisco extends observability portfolio with Epsagon acquisition
Cisco Systems Inc. today announced plans to acquire Epsagon Ltd., a startup with a platform that helps enterprises detect technical issues in their applications and identify the root cause. Financial terms were not disclosed. New York- and Tel Aviv-based Epsagon has raised $30 million in funding from investors that included Lightspeed Venture Partners. The startup ...
Box posts quarterly results early amid pressure from activist investor
Box Inc. today released preliminary financial results for the second quarter that exceeded the company’s guidance in several key areas, most notably revenue. Box usually doesn’t release financial results ahead of time. The move is seen as an attempt by the company to win more support from shareholders amid the effort of activist investor Starboard ...
Talkdesk reaches $10B+ valuation after new $230M funding round
Talkdesk Inc., a startup whose software helps companies run their contact centers more efficiently, today disclosed that it has closed a $230 million funding round valuing it at more than $10 billion. The new valuation is more than three times what Talkdesk was worth after its previous capital raise a year ago. The startup’s total ...
Report: Marketing automation giant Mailchimp considering $10B+ sale
Mailchimp Inc., one of the biggest providers of software-as-a-service digital marketing tools, could reportedly be acquired in a deal worth $10 billion or more. Bloomberg reported the news on Wednesday afternoon, citing sources familiar with the matter. The sources said Atlanta-based Mailchimp has received interest from private equity firms and unnamed “large technology firms.” Given ...
In first acquisition, Airtable buys no-code data visualization startup Bayes
Airtable Inc., the $5.77 billion startup behind the popular productivity platform of the same name, today announced that it has bought data visualization specialist Bayes Technologies Inc. in its first acquisition since its launch. The deal’s financial terms were not made public. Bayes, which founded in 2019, has raised an unspecified amount of funding from ...
ServiceNow buys indoor mapping specialist Mapwize
ServiceNow Inc. is acquiring Mapwize, a company based in Lille, France, with a software platform that helps employees of large enterprises navigate the office more easily. ServiceNow announced the transaction today. The company expects to complete the deal by the end of the current quarter and plans to relaunch Mapwize’s software as a component of ...
New Samsung foldables: Z Flip 3 and Z Fold 3 make their debut at Unpacked 2021
Samsung Electronics Co. Ltd. today debuted two new foldable Android devices at its Unpacked product event: the flip phone-inspired Galaxy Z Flip 3 and the Galaxy Z Fold 3, a small tablet that uses a hinge to turn into a smartphone. Both devices are built from new materials, including a patented aluminum alloy, that Samsung ...
OpenAI’s new Codex neural network writes software in response to text prompts
OpenAI LLC today launched the private beta program for an artificial intelligence system dubbed Codex that can write software and perform data science tasks in response to natural-language prompts. Codex will be available to participants of the private beta program through an application programming interface. The API will enable participants to build their own custom ...