Maria Deutscher
Latest from Maria Deutscher
Grocery delivery startup Instacart picks up $100M at $13.8B valuation
After seeing customer orders on its grocery delivery platform surge more than sixfold in May, Instacart Inc. today said that it has raised $100 million at a $13.8 billion valuation. The investment was first reported by Axios. The $13.8 billion valuation is an increase over the $13.7 billion Instacart received last month, when the startup ...
Intel makes $250M bet on Indian mobile carrier Jio
Intel Corp.’s venture arm is making an investment worth about $250 million in India’s largest mobile carrier, Jio Platforms Limited. Intel said on Thursday that the deal will buy it a 0.39% stake, which is believed to value Jio at $65 billion. Jio entered India’s telecommunications market in 2016 with a competitively priced mobile broadband offering ...
After IPOs, shares of Lemonade more than double and Accolade soars
Shares of Lemonade Inc. and Accolade Inc. spiked today after their initial public offerings, with the former company seeing its market capitalization more than double and the latter rising in excess of 40% at one point. The successful listings are a positive sign for other tech companies hoping to hit the stock market this year. Moreover, the fact ...
Informatica buys Compact Solutions in first acquisition under new CEO
Data management firm Informatica LLC today said that it has acquired partner Compact Solutions LLC, whose software helps enterprises track what happens to business records they keep in internal systems such as mainframes. The terms of the deal were not disclosed. The acquisition is the first Informatica has announced since Chief Executive Amit Walia (pictured) ...
CEOs of Apple, Google, Amazon and Facebook will testify before Congress in July
Apple Inc., Google LLC, Amazon.com Inc. and Facebook Inc. have indicated that their chief executives will testify before Congress as part of lawmakers’ investigation into competitive practices in the tech industry. A spokesperson for the House Judiciary Committee confirmed the CEO participation late Wednesday after Recode co-founder Kara Swisher broke the news on Twitter. The hearing is reportedly set ...
Google pushes back office reopening plan to Sept. 7 ‘at the earliest’
Google LLC was set to begin reopening some of its offices on July 6, but has now pushed back the plan to Sept. 7 “at the earliest.” The search giant confirmed the move today in a statement to TechCrunch, after a copy of an internal memo detailing the delay was leaked. The search giant said employees ...
Lemonade seeks $308M IPO after raising target price range
Artificial intelligence-powered insurance provider Lemonade Inc. has raised the price target for the initial public offering it’s set to hold later today, with the startup now on track to rise as much as $308 million not including underwriter over-allotments. New York-based Lemonade is aiming to sell 11 million shares at $26 to $28 apiece. That’s compared ...
AWS releases App2Container tool for containerizing applications
Amazon Web Services Inc. on Tuesday released App2Container, a command line tool that can quickly turn existing Java and .NET applications into containerized services without code changes. The tool will save time for AWS customers looking to adopt software containers, which enable applications to be run unchanged in many computing environments. It could also be ...
Serverless database startup Fauna raises $27M
Database startup Fauna Inc. today said that it has raised $27 million in funding to address the rise of serverless computing, which it argues has created a need for a new, likewise serverless approach to managing data. Madrona Venture Group led the investment. It was joined by Alphabet Inc.’s GV fund, CRV, Quest Ventures, Addition ...
Google confirms reported acquisition of smart glasses startup North
Google LLC today confirmed that it has bought Canadian smart glasses maker North Inc., less than a week after it was reported that the search giant was negotiating an acquisition. Sources told Canada’s The Globe and Mail last Thursday that Google was poised to pay about $180 million for the startup. The search giant didn’t ...