Maria Deutscher
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Cisco inks amended $4.5B deal to buy network chip supplier Acacia
Cisco Systems Inc. today said that it has agreed to acquire Acacia Communications Inc. for about $4.5 billion, nearly $2 billion more than an offer it made to the chipmaker in 2019. In July of 2019, the companies inked a deal that specified Cisco would buy Acacia for approximately $2.6 billion. They had originally planned ...
Harness becomes $1.7B unicorn after raising $85M for its software delivery platform
San Francisco’s Harness Inc. today divulged that it has closed an $85 million funding round to broaden the adoption and feature set of its software delivery platform, which is used by developers at companies such as Cisco Systems Inc. to build applications faster. The round values the startup at $1.7 billion. In a bid to ...
Samsung debuts new flagship Galaxy S21 phones, Bluetooth tracker and earbuds
Samsung Electronics Co. Ltd. today introduced its latest flagship smartphone series, the Galaxy S21 line, along with a Bluetooth location tracker for finding lost items and a pair of high-end wireless earbuds with a case that acts as a charger. Executives presented the devices during the company’s virtual Unpacked event, the scene of its biggest ...
Dropbox lays off 11% of its workforce as COO departs
Dropbox Inc. is laying off about 11% of its workforce, or 315 employees, in a move that Chief Executive Drew Houston described as “painful, but necessary.” Houston (pictured) notified employees about the cuts in an internal memo that was published today as part of a regulatory filing. In the same filing, Dropbox told shareholders that ...
Qualcomm inks $1.4B deal for chip startup Nuvia to boost processor lineup
Qualcomm Inc. said today it has signed a $1.4 billion deal to acquire Nuvia Inc., a chip startup led by Apple Inc.’s former top central processor unit engineer. The deal marks a quick exit for Nuvia, which emerged from stealth less than two years ago. Qualcomm’s $1.4 billion offer also represents a rapid and possibly significant ...
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 ...