Maria Deutscher
Latest from Maria Deutscher
Chip design giant Cadence launches AI platform to speed processor development
Cadence Design Systems Inc. today launched a new artificial intelligence platform, Cerebrus Intelligent Chip Explorer, that it says can improve the productivity of semiconductor engineers and help them develop faster chips. Publicly traded Cadence is one of the world’s top makers of chip design software. Its software is used by Nvidia Corp., Advanced Micro Devices ...
Adobe launches new developer tools for enterprise process automation
Adobe Systems Inc. today launched two new cloud services for building robotic process automation workflows and applications that require the ability to process documents. The new services give Adobe another way to address the rapid adoption of RPA and machine learning among its enterprise customers. Enterprises are investing in automating repetitive business tasks as part ...
Argo AI and Ford will make 1,000 self-driving taxis available via Lyft’s app
Ford Motor Co. and autonomous vehicle startup Argo AI LLC plan to make 1,000 self-driving taxis available to consumers via Lyft Inc.’s ride-hailing app. The companies detailed the project today. The first self-driving taxis will roll out later this year in Miami with safety drivers aboard. The next stop is Austin, Texas, where Ford and ...
Microsoft acquires startup CloudKnox for its multicloud cybersecurity platform
Microsoft Corp. today said that it’s buying CloudKnox Security Inc., a venture-backed startup with a cybersecurity platform designed to reduce the risk of breaches in enterprises’ public cloud environments. The deal will strengthen Microsoft’s multicloud capabilities in a time when its top rivals are also expanding their focus on this area. A sizable portion of ...
SAP posts solid second-quarter results fueled by cloud growth but shares sag
Enterprise software giant SAP SE reported today that its revenue rose 3% during the second quarter, to 6.67 billion euros, thanks in significant measure to a 17% adjusted sales increase achieved by its cloud business. The company expects the cloud business to continue fueling top-line growth in the coming quarters. Together with its second-quarter earnings ...
Lucata raises $11.9M to develop hardware for accelerating graph databases
Startup Lucata Corp. today announced that it has raised $11.9 million in funding to expand industry adoption of its Pathfinder hardware platform, which speeds up graph databases by allowing their code to jump between processors. Graph databases are a type of database that can store not only records such as sales transactions but also contextual ...
Report: AT&T hoping to sell Xandr advertising technology business for $1B
Less than four years after AT&T Inc. launched its Xandr advertising technology business, the carrier is holding negotiations to sell the unit, Axios reported today. AT&T executives would reportedly consider any potential sale a success if Xandr fetches a $1 billion price tag. However, multiple people familiar with the company’s finances told Axios that they ...
Intel co-leads $125M funding round for AI inference chip startup Untether AI
Intel Corp.’s venture capital arm has co-led a $125 million funding round for chip startup Untether AI Inc., whose artificial intelligence processor uses an emerging approach dubbed at-memory computation to run machine learning algorithms. The other lead investor in the round, which was announced this morning, is Tracker Capital. The Canada Pension Plan Investment Board ...
Scientific programming startup Julia Computing nabs $24M as ex-Snowflake CEO joins board
Julia Computing Inc., the startup behind a specialized programming language used for tasks such as developing machine learning algorithms and simulating space missions, today announced that it has raised $24 million in funding. Dorilton Ventures led the round. The venture capital firm was joined by Menlo Ventures, General Catalyst and HighSage Ventures. Bob Muglia, former ...
Robinhood seeks to raise up to $2.3B in IPO at potential $35B valuation
Robinhood Markets Inc. today submitted an updated version of the filing for its upcoming initial public offering that reveals the startup is seeking to raise as much as $2.3 billion from investors. The financial technology startup also shared new data about its recent revenue growth. Founded in 2013, Robinhood provides a popular mobile app that ...