Maria Deutscher
Latest from Maria Deutscher
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 ...
Quantum Metric reels in $200M for its user experience analytics platform
Quantum Metric Inc., a startup providing big brands with data on how they can improve their websites and mobile apps, today said that it has landed a $200 million funding round at a more than $1 billion valuation. The startup is the latest in a series of companies to have publicly joined the $1 billion-plus ...
IBM names Martin Schroeter as CEO of $19B NewCo services spinoff
IBM Corp. has appointed Martin Schroeter, a former senior executive who left the company last year, to lead the $19 billion “NewCo” managed infrastructure services business it’s planning to spin off. Schroeter will become chief executive officer of NewCo effective Jan. 15, according to an announcement today. IBM said in October that it will spin ...
UK to probe Nvidia’s proposed $40B Arm acquisition
The U.K.’s antitrust watchdog today said it will investigate Nvidia Corp.’s proposed $40 billion acquisition of British chip designer Arm Ltd. Nvidia is the leading maker of graphics processing units for data centers and desktops. Arm, in turn, develops chip designs that underpin the processors inside most of the world’s smartphones and many other low-power ...
Starburst Data raises $100M to give enterprise analytics projects a speed boost
Analytics startup Starburst Data Inc. today said that it has nabbed $100 million in funding from noted tech investors Andreessen Horowitz, Index Partners and Coatue as well as Salesforce.com Inc.’s venture capital arm. Boston-based Starburst is tackling the issue of data movement in enterprise analytics projects. To extract insights from their records, companies often have ...
OpenAI’s newest AI models draw and recognize objects more efficiently
Researchers at OpenAI have developed two neural networks that can draw objects based on natural-language user prompts and describe images with a high degree of accuracy. The projects, detailed Tuesday, expand the range of tasks to which artificial intelligence can be applied. They also advance the AI research community’s goal of creating more versatile models ...