Maria Deutscher
Latest from Maria Deutscher
In $2.5B fintech deal, Bill.com to acquire corporate credit card startup Divvy
Corporate finance software provider Bill.com LLC has signed a $2.5 billion deal to acquire DivvyPay Inc., better known as Divvy, whose cloud service enables companies to issue business credit cards to their employees. Publicly traded Bill.com said on Thursday that it’s financing the transaction with $625 million in cash and $1.875 billion worth of common ...
Google will require Android apps to disclose data collection practices
Google LLC today previewed plans to implement a new Google Play policy that will require Android developers to disclose what user data their apps collect and what for. The move could enable the search giant to improve privacy in the Android ecosystem and make its platform more competitive with Apple Inc.’s iOS. Late last year, the ...
Microsoft to upgrade cloud products’ data controls in EU
Microsoft Corp. is upgrading its core cloud products with features that will give enterprise and public sector clients in the European Union more control over their data. The initiative, announced today, is called the EU Data Boundary for the Microsoft Cloud. Engineering work is expected to be completed by the end of 2022. The initiative ...
Light-based AI chip startup Lightmatter raises $80M round backed by GV
MIT spinout Lightmatter Inc. today announced that it has raised another $80 million in funding to finance the development and commercialization of its optical artificial intelligence chips, which use photons to perform calculations. Viking Global Investors led the round. The firm was joined by Alphabet Inc.’s GV venture capital arm, Hewlett Packard Enterprise Co. and ...
Einride raises $110M to build autonomous freight transport vehicles
Startup Einride AB today announced that it has raised $110 million in funding to support the rollout of its autonomous freight vehicles, which have no driver cabin and promise to reduce shipping-related carbon emissions by more than 90%. The investment follows a $25 million round for the startup in late 2019. Sweden-based Einride is the ...
After $40M round, database startup Timescale moves to accelerate feature roadmap
Time-series database maker Timescale Inc. today disclosed that it has received $40 million in fresh funding from an investor group led by Redpoint Ventures. The New York-based startup said that it plans to step up product development efforts following the capital injection. Timescale is preparing to launch more than 10 enhancements to its namesake database ...
Eyeing an IPO, RPA provider Automation Anywhere appoints two new top execs
Robotic process automation provider Automation Anywhere Inc. today announced that it has appointed two industry veterans to top jobs in an apparent move toward an initial public offering of stock. The company’s appointment of two senior executives with extensive experience running public companies comes just a few weeks after its top competitor in the RPA ...
Data platform startup StarTree closes $24M round to commercialize Apache Pinot
Investors have provided StarTree Inc. with $24 million in funding to help the startup launch a commercial version of Apache Pinot, a speedy open-source data platform that can ingest millions of pieces of information per second. Pinot was developed by StarTree’s founders during their time at LinkedIn. The startup’s $24 million funding round, announced today, ...
Cyber protection provider Acronis valued at $2.5B+ after new $250M round
Acronis Inc., the maker of cybersecurity protection products that combine backup features with malware prevention technology, has secured $250 million in new funding at a valuation north of $2.5 billion. CVC Capital Partners led the round, which was announced today. Acronis is based in Switzerland and counts all the firms on the Fortune 1000 list ...
Commvault racks up another quarter of record revenue
Strong demand for Commvault Systems Inc.’s data protection software and appliances pushed its revenues to a new record last quarter, the company disclosed in its earnings report today. Commvault also topped the consensus earnings-per-share estimate. Nasdaq-listed Commvault sells data protection software that enterprises use to back up their business records and protect them from outages. ...