Maria Deutscher
Latest from Maria Deutscher
DoorDash seeks to raise up to $3.1B in IPO after boosting target range
DoorDash Inc. has upped the fundraising target for its forthcoming initial public offering and is now looking to raise as much as $3.1 billion from public investors. The food delivery giant disclosed the revised goal today in a regulatory filing spotted by Bloomberg. It said in the same filing that the funds raised through the ...
Intel’s latest quantum control chip manipulates qubits with radio pulses
Intel Corp. has shared details about Horse Ridge II, a quantum control chip that it describes as a milestone toward enabling large-scale quantum machines. The company revealed the chip on Thursday during a virtual event hosted by its Intel Labs Unit. Horse Ridge II emerged from the company’s efforts to tackle what it sees as ...
Nutanix’s storage services get a hybrid cloud boost
Nutanix Inc. today announced upgrades for two of its storage products, Objects and Files, that will enable companies to take better advantage of the public cloud in their operations. Publicly traded Nutanix is a major provider of software for managing information technology infrastructure. Objects and Files are two services that companies can deploy atop their ...
AWS will power Siemens Smart Infrastructure’s SAP environment
Siemens Smart Infrastructure, a unit of industrial giant Siemens AG that makes equipment for buildings and electricity grids, will move its mission-critical SAP applications to Amazon Web Services Inc.’s cloud as part of a deal announced today. The companies divulged the agreement against the backdrop of AWS’ virtual re:Invent event. SAP SE’s applications are used ...
‘Google for developers’ startup Sourcegraph lands $50M Sequoia-led round
Sourcegraph Inc., a startup whose technology helps developers at companies such as Amazon.com Inc. and Google LLC manage their code, today announced that it has closed a $50 million funding round led by Sequoia Capital. The Series C investment comes just eight months after Sourcegraph’s last raise. Since then, the startup claims, annual recurring revenues ...
Salesforce expands its low-code capabilities with Einstein Automate
Salesforce.com Inc. today previewed Einstein Automate, an upcoming cloud offering that will enable users to create workflows for automating tasks such as processing customer requests with little to no coding. Einstein Automate is made up of two tools: Flow Orchestrator and MuleSoft Composer. Both are expected to become accessible for customers in 2021. Flow Orchestrator ...
Qualcomm’s new flagship Snapdragon chip brings major speedup
Qualcomm Inc. has shared technical details about the Snapdragon 888, its new flagship mobile processor, which is likely to power many of next year’s top-end Android smartphones and tablets. The company released the chip’s specifications this morning after previewing it on Tuesday at its virtual Snapdragon Tech Summit. Qualcomm is a key semiconductor supplier to the ...
Google acquires data management specialist Actifio
Google LLC is acquiring Actifio Inc., a venture-backed data management startup, to enhance the data backup and recovery capabilities of its public cloud. The deal was announced this morning. Actifio, founded in 2009, had raised more than $300 million from investors prior to the acquisition. Actifio’s namesake data management platform can reduce the amount of ...
AWS auto partnership sends BlackBerry stock soaring 57%
Shares of BlackBerry Ltd. soared 57% at one point today after the company announced a multiyear agreement with Amazon Web Services Inc. to deliver a data analytics platform for automakers. The alliance was announced against the backdrop of AWS’ virtual re:Invent event. In another transportation-related customer win, AWS said today that supersonic plane startup Boom Technology ...
AWS previews ultra-efficient AI instances for neural network training
Amazon Web Services Inc. today previewed an upcoming cloud compute instance series that will enable companies to train artificial intelligence models in its cloud with up to 40% better price-performance than with graphics cards. The instance series is expected to become available in the first half of 2021. AWS announced it at its virtual re:Invent event today alongside ...