Maria Deutscher
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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 ...
SUSE acquires Rancher Labs for reported $600M+ as it chases $1B revenue goal
Open-source enterprise software giant SUSE Group today announced that it’s buying Kubernetes startup Rancher Labs Inc. in a move that could advance the company’s goal of doubling its revenue by 2023. Sources told CNBC that the deal is worth between $600 million and $700 million. Germany-based SUSE, which is owned by private equity firm EQT Partners, ...
IBM to acquire RPA provider WDG as automation market heats up
Amid a surge in enterprise spending on automation tools, IBM Corp. today said that it has signed a deal to acquire WDG Automation Inc. Ltd., a Brazilian developer of robotic process automation software. WDG was founded in 2014 and isn’t known to have raised outside funding, according to Crunchbase. IBM is not disclosing the financial terms ...
Zoom launches a hardware-as-a-service subscription for enterprises
Zoom Video Communications Inc. today launched a hardware-as-a-service solution in a bid to capture a bigger slice of enterprise spending on communications equipment for employees. Zoom offers several premium features to organizations that use its video conferencing platform. They include Zoom Phone, for connecting the platform to business phone systems, and Zoom Rooms, which provides integration ...
After halting layoffs, Magic Leap hires key Microsoft exec as CEO to lead enterprise pivot
Magic Leap Inc., the mixed reality startup backed by more than $2 billion in funding, today appointed former Microsoft Corp. business development head Peggy Johnson as chief executive officer. The leadership change will advance Magic Leap’s pivot to the enterprise, as well as potentially improve its chances of raising additional capital. The hire comes two ...