Maria Deutscher
Latest from Maria Deutscher
After May round, stock trading app Robinhood raises $320M more
Just two months after closing a $280 million round of funding, commission-free stock trading app Robinhood Markets Inc. today said that it has raised an additional $320 million at a $8.6 billion valuation. The Menlo Park, California-based startup didn’t name the investors that provided its latest capital injection. Robinhood’s previous raise included the participation of ...
Google launches $10B fund to invest in India
Google LLC today said that it’s forming a $10 billion fund to invest in India’s fast-growing digital economy. The move was detailed by Chief Executive Officer Sundar Pichai and other Google executives during a livestreamed virtual event. The fund, Pichai detailed, will deploy its $10 billion capital pool over the next five to seven years ...
HPE is acquiring SD-WAN provider Silver Peak for $925M
Hewlett Packard Enterprise Co. today announced plans to acquire Silver Peak Systems Inc., a provider of software-defined wide-area networking or SD-WAN products, in a transaction worth $925 million. The deal represents a significant return for Silver Peak’s investors. The Santa Clara, California-based company has raised about $176 million in funding from backers that include Greylock ...
Rackspace files for IPO, disclosing slow revenue growth and $4B in debt
Rackspace Technology Inc. today submitted the paperwork for an initial public offering, disclosing in its S-1 filing that it generated revenue of $2.4 billion last year and has nearly $4 billion worth of outstanding debt as of March. Rackspace is a managed services provider that helps enterprises build and run multicloud environments. It also operates in ...
Amazon backs $2.5B round into autonomous electric vehicle startup Rivian
Electric vehicle startup Rivian Automotive Inc. today disclosed that it has raised a $2.5 billion funding round led by T. Rowe Price Associates Inc. with participation from Amazon.com Inc. and multiple other institutional backers. The investment is Rivian’s fifth since the start of 2019. Its previous capital raises included a $700 million round last February ...
Twilio buys IoT startup Electric Imp to scale up its connected device business
Cloud communications heavyweight Twilio Inc. today announced that it has acquired Electric Imp Inc. to grow its budding “internet of things” business. San Francisco-based Twilio provides a set of application programming interfaces that underpin numerous online services ranging from Uber to Box. It originally focused on selling APIs that help developers build SMS and calling ...
To fight Windows 10 hacking, Microsoft previews Kernel Data Protection
Microsoft Corp. has detailed an upcoming Windows 10 feature that aims to thwart cyberattacks by making it impossible for hackers to edit sensitive parts of a computer’s memory. The feature is known as Kernel Data Protection, or KDP for short. Microsoft provided a technical overview of KDP in a Wednesday afternoon blog post. KDP is designed ...
Google Cloud will optimize Renault’s industrial data platform
Google LLC’s cloud unit has landed a deal with Renault SA, one of the world’s top automakers, to help the company gain better analytics insights into its manufacturing operations. The deal represents a win for the search giant amid its efforts to win more business in the auto sector with its cloud services and Android ...
Google forms industry body to simplify open-source software trademarks
Google LLC today said it’s establishing an independent industry body called Open Usage Commons to help open-source developers manage their projects’ trademarks. In the context of open-source software, trademarks are projects’ names and logos. These brand assets have emerged as a source of legal complexity in the world of free software that Google wants to ...
Qualcomm’s new top-end mobile chip brings faster processing and Wi-Fi
Qualcomm Inc. today revealed its new top-end chip for smartphones and tablets, the Snapdragon 865 Plus, which promises 10% higher performance than its predecessor and faster wireless connections. Qualcomm Inc. is one of the main semiconductor suppliers to the mobile device industry. It typically introduces a new flagship chip annually, followed by a more powerful second edition of the ...