Maria Deutscher
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Stripe reportedly eyeing new funding at $70B+ valuation
Stripe Inc., the startup whose technology powers the online payment features of Amazon and numerous other online platforms, is reportedly in talks for a new round of funding at a valuation exceeding $70 billion. The investment could potentially value San Francisco-based Stripe at as much as $100 billion on the high end. That’s according to ...
Splunk acquires Flowmill for its kernel-level network monitoring technology
Information technology monitoring and analytics provider Splunk Inc. today announced plans to buy Flowmill Inc., a Palo Alto, California-based startup with a software platform that helps enterprises gain better visibility into their networks. The terms of the deal aren’t being disclosed. It’s expected to complete by Jan. 31, 2021. Troubleshooting networking issues can be tricky in ...
Kubernetes’ etcd data store becomes top-level CNCF project
The Cloud Native Computing Foundation today granted top-level project status to etcd, an open-source data management system that serves as a key component of Kubernetes and can be found in many other software projects as well. Today’s milestone follows a nearly two-year incubation period. Open-source technologies incubated by the CNCF graduate to top-level status when ...
AWS becomes preferred cloud for e-commerce giants Mercado Libre and Zalando
Amazon Web Services Inc. today divulged that Mercado Libre Inc. and Zalando SE, two major players in the global e-commerce market with millions of users each, have selected it as their preferred cloud provider. Mercado Libre is the largest online retail and payments provider in Latin America. It’s also the region’s overall largest company by ...
Uber, Lyft win U.S. government transport deal worth up to $810M
The U.S. General Services Administration today issued Uber Technologies Inc. and Lyft Inc. a multimillion-dollar deal to provide transportation services for government workers. The contract was reported today by Reuters. It’s said to be worth up to $810 million over five years, but there’s no further detail on how the sum will be split between Uber ...
Self-driving truck startup Gatik closes $25M in fresh funding
Self-driving truck startup Gatik AI Inc. today said that it has closed a $25 million funding round to streamline the so-called “middle mile” of enterprise supply chains. The Series A round was co-led by Wittington Ventures and Innovation Endeavors, the venture capital firm co-founded by former Google Chief Executive Officer Eric Schmidt. A number of ...
Microsoft 365 specialist AvePoint to go public through $2B SPAC merger
AvePoint Inc., a maker of software products that help organizations manage their Microsoft 365 deployments, today announced plans to go public through a merger with a special purpose acquisition company. Microsoft 365 is a family of cloud services from Microsoft Corp. that includes Office 365 and other offerings. A special purpose acquisition company, or SPAC, ...
Rubrik supercharges database backups with Andes 5.3
Rubrik Inc. has introduced a new release of its cloud data protection platform that backs up databases up to 10 times faster than before in some cases, while providing better integrations with the major public clouds. Andes 5.3, announced Thursday afternoon, brings a set of broad under-the-hood performance optimizations. Rubrik says that the enhancements allow ...
Wish and Roblox release IPO filings, revealing rapid growth
Mobile e-commerce unicorn Wish, officially ContextLogic Inc., today revealed that it has more than 100 million monthly active users who helped it generate $1.7 billion in revenue during the first nine months of 2020. Wish shared the figures in a filing released today for its upcoming initial public offering. The filing was released shortly after Roblox Corp., ...
AWS’ AI tools help customers adjust to changes amid pandemic
Amazon Web Services Inc. today shared details about how a few of its customers have used Amazon Textract and other artificial intelligence offerings in its public cloud to respond to operational changes during the pandemic. Amazon Textract is a managed AI service in the AWS cloud that can extract text from documents. It’s a specialized ...