Maria Deutscher
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Salesforce’s MuleSoft buys RPA specialist Servicetrace
MuleSoft today announced that it’s buying Servicetrace GmbH, a German software company with a robotic process automation platform for making enterprises’ business operations more efficient. Financial terms were not disclosed. MuleSoft is a subsidiary of Salesforce.com Inc. which it joined in 2018 through a $6.5 billion deal. Servicetrace’s RPA platform observes how a company’s employees ...
MoEngage raises $32.5M to optimize enterprises’ marketing operations
MoEngage Inc., a marketing analytics and automation startup that counts major brands such as Samsung Electronics Co. Ltd. among its customers, has raised $32.5 million in new funding. MoEngage announced the Series C1 round today. New investor Multiples led the round while existing backers Eight Roads Ventures, F-Prime Capital and Matrix Partners participated as well. ...
Amazon ordered to pay $887M fine over data misuse
Luxembourg’s top privacy watchdog has issued a fine of 746 million euros, or about $887 million, to Amazon.com Inc. over its user data processing practices, the company disclosed in a regulatory filing today. The Luxembourg National Commission for Data Protection found that Amazon processed personal information in a way that breached the European Union’s General ...
AWS makes IoT SiteWise Edge generally available to power industrial data projects
Amazon Web Services Inc. today announced the general availability of AWS IoT SiteWise Edge, a tool that helps industrial companies process sensor data from their equipment to perform tasks such as detecting technical issues. Manufacturers and other industrial companies are incorporating more software into their day-to-day operations. As part of the trend, many firms are ...
Coralogix raises $55M to help companies monitor their IT infrastructure
Information technology monitoring startup Coralogix Ltd. today announced that it has closed a $55 million funding round led by Greenfield Partners to expand product development and go-to-market activities. The investment comes a little less than a year after Coralogix’s previous $25 million round. The startup says that year-over-year growth has tripled in the last 12 ...
Shares of Robinhood drop in trading debut after $2B IPO
Shares of Robinhood Markets Inc. closed down more than 8% in their trading debut on the Nasdaq today after the company raised nearly $2 billion through its initial public offering Wednesday. The investors who participated in the IPO bought 52.4 million shares for $38 apiece. Robinhood is currently trading at about the same price, which ...
SAP will bring more software services to Google Cloud through expanded alliance
Google LLC’s cloud business and SAP SE today announced that they’re expanding their partnership to assist enterprises with digital transformation projects in more ways. The new collaboration has two main components. First, the search giant will partner with SAP on Rise with SAP, a bundle of solutions provided by the latter company to help enterprises ...
OpenAI debuts new AI programming language for creating neural networks
Prominent artificial intelligence research lab OpenAI LLC today released Triton, a specialized programming language that it says will enable developers to create high-speed machine learning algorithms more easily. The first version of Triton was presented two years ago in an academic paper by OpenAI scientist Philippe Tillet. As part of today’s launch, OpenAI released a ...
Headless CMS startup Contentful reels in $175M late-stage investment
Contentful Inc., a startup that helps enterprises manage digital content such as marketing web pages, has secured a $175 million late-stage funding round from Tiger Global, Base10 Advancement Initiative and Tidemark. Contentful said in an announcement today that the Series F round values it at more than $3 billion. Large enterprises often use multiple content ...
Search startup Algolia raises $150M at $2.25B valuation
Algolia Inc., a startup that enables companies to add an artificial intelligence-powered search bar to their websites, has closed a $150 million funding round at a valuation of $2.25 billion, four times what it was worth after its previous capital raise. Announced this morning, the round follows a year in which Algolia saw net new ...