Maria Deutscher
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Fintech provider Rapyd raises $300M more for its global payments network
Startup Rapyd, which provides a platform that enables companies to process cross-border payments, has raised $300 million from an investor group led by Coatue in a funding round announced today. Companies such as e-commerce firms that have customers around the world often require the ability to accept multiple payment methods and currencies. The challenge is ...
AMD and Nvidia debut their newest consumer chips at CES
Advanced Micro Devices Inc. and Nvidia Corp. both expanded their consumer chip lineups today, respectively introducing new central processing units for laptops and a high-performance graphics card aimed at video game enthusiasts. The companies debuted the newest additions to their portfolios at the virtual Consumer Electronics Show. Their announcements follow a Monday presentation by mutual ...
Red Hat and Intel expand 5G collaboration as new market opportunities emerge
IBM Corp.’s Red Hat unit and Intel Corp. today announced an “evolution” of their partnership aimed at more closely aligning their product development activities in the 5G market. Carriers are spending billions of dollars to upgrade their networks to the 5G standard, which enables connections up to 100 times faster than LTE. The spending spree ...
Insight Partners leads $31.5M round for developer productivity startup Jellyfish
Boston-based Jellyfish has raised a $31.5 million funding round led by Insight Partners, the startup disclosed this morning, to expand the adoption of its namesake developer productivity platform. The round is the latest data point illustrating tech investors’ interest in startups working to make building software more efficient. Enterprise software teams split their time between a variety ...
Grafana Labs upgrades its IT monitoring service with new features and free tier
Grafana Labs Inc. today debuted the latest major release of its Grafana Cloud monitoring platform with new features and a free tier for cash-strapped information technology departments. Making monitoring more budget-friendly has lately become a bigger priority for other observability providers as well. Publicly traded New Relic Inc., one of the biggest names in the ...
Cockroach Labs raises $160M at $2B valuation for its cloud-native SQL database
Database startup Cockroach Labs Inc. has achieved unicorn status after raising $160 million at a $2 billion valuation, double what it was worth last May. The round, disclosed today, was led by Altimeter Capital. It also saw the participation of other familiar names from the tech investment ecosystem including Alphabet Inc.’s GV venture capital arm, ...
Microsoft will expand Verily’s Terra biomedical data platform with Azure services
Microsoft Corp. today said that it’s partnering with Alphabet Inc.’s Verily unit to integrate its Azure cloud services into Verily’s Terra biomedical data platform, which supports the work of thousands of researchers worldwide. Azure competes with the public cloud of Verily sister company Google LLC. That Microsoft and Verily will nonetheless work together in this ...
Cisco takes Acacia to court after chipmaker terminates acquisition
Cisco Systems Inc. today asked a Delaware court to stop Acacia Communications Inc., a maker of networking chips, from terminating an acquisition agreement the companies had signed in 2019. Cisco that year inked a deal to acquire publicly traded Acacia for about $2.6 billion. Today, Acacia said that it’s calling off the deal because the ...
Report: Google is building a Nest Hub smart display with a radar chip
Google LLC is said to be working on a new Google Nest Hub smart home device that will use a built-in radar chip to power some of its features. The Nest Hub (pictured) is a smart display from the search giant’s bestselling Nest line of voice-enabled gadgets. The device pairs the features of a standard ...
Fintech giant SoFi to go public via SPAC merger at $8.65B valuation
SoFi, the operator of one of the most popular consuming banking apps, today announced plans to hit the stock market via a SPAC merger at an $8.65 billion valuation. A SPAC merger is a type of deal wherein a firm teams up an investor or group of investors to help it go public. The investors ...