Maria Deutscher
Latest from Maria Deutscher
Lawmakers introduce five antitrust bills to regulate tech giants
A bipartisan group of House lawmakers today debuted five bills aimed at reducing anticompetitive behavior by the tech industry’s biggest players across multiple areas, including e-commerce, mergers and acquisitions, and data interoperability. The introduction of the proposals follows a landmark antitrust investigation into the tech industry by the House Judiciary subcommittee on antitrust. The panel ...
Nvidia acquires DeepMap as it builds out its end-to-end autonomous driving stack
Nvidia Corp. has inked a deal to acquire DeepMap Inc., a well-funded startup with mapping technology that helps autonomous vehicles navigate the road more reliably. Though the terms of the deal were not disclosed in the Thursday announcement, it’s safe to assume Nvidia is paying a fairly substantial sum for the startup. DeepMap has raised ...
Report reveals Trump Justice Department subpoenaed Apple for metadata of lawmakers
The U.S. Justice Department subpoenaed Apple Inc. to turn over metadata about at least two Democrats on the House Intelligence Committee, the New York Times has revealed. The record seizures took place under the Trump administration in 2017 and early 2018, the Times reported on Thursday. Prosecutors working under then-Attorney General Jeff Sessions sought the ...
Report: Intel has offered $2B+ to acquire chip startup SiFive
Intel Corp. is said to have made a more than $2 billion offer to buy SiFive Inc., a startup developing processor technology based on the open-source RISC-V instruction set architecture. Bloomberg reported the acquisitions talks today, citing multiple sources familiar with the matter. The deal would represent one of Intel’s biggest acquisitions in recent memory ...
Cloud project management provider Monday.com closes up 15% after IPO raises $574M
Shares of Monday.com Ltd. rose more than 15% in their trading debut on the Nasdaq today, following an initial public offering that surpassed expectations and raised $574 million. The company is now worth nearly $8 billion. Israel-based Monday.com provides a popular project management platform of the same name that is used by employees at Adobe Inc., ...
Klarna boosts valuation to $45.6B with fresh $639M funding round
Confirming recent reports, financial technology startup Klarna Bank AB today announced that it has raised $639 million from a group of investors led by SoftBank Group Corp.’s Vision Fund 2. The round boosts the startup’s valuation from $31 billion in March to $45.6 billion. Including the new funding, Klarna has raised more than $2 billion ...
Kubernetes troubleshooting startup Komodor launches with $25M in funding
Startup Komodor Ltd., whose technology enables developers to fix issues in their companies’ software container environments faster, today launched from stealth mode and marked the milestone by revealing that it has closed a $25 million round of funding. The funding follows a wave of startup acquisitions in the Kubernetes tooling market. Accel led Komodor’s $25 ...
Fastly shares new details about its widespread CDN outage on Tuesday
Fastly Inc. has shared more details about the brief but widespread outage in its content delivery network on Tuesday that took many of the internet’s most popular websites and cloud services offline. Publicly traded Fastly helps companies speed up page load times for their users. Its content delivery network stores copies of a website’s content ...
Google to expand subsea network infrastructure with new Firmina internet cable
Google LLC’s latest subsea networking project is set to see the company deploy a new internet cable that will run from the East Coast of the United States to Las Toninas, Argentina with additional landings in Brazil and Uruguay. The search giant detailed the project today in a blog post. The internet cable is named ...
Surging growth helps Marqeta raise $1.2B in one of 2021’s biggest fintech IPOs
Marqeta Inc., a financial technology company that more than doubled its revenues last year and counts tech giants such as DoorDash Inc. among its customers, has raised $1.2 billion in its initial public offering. The company wrapped up the IPO late Tuesday with a valuation of more than $14 billion. It began trading on the ...