Maria Deutscher
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Report: Rackspace has secretly filed to go public with eye to $10B+ valuation
Rackspace Holding Inc. has confidentially filed for an initial public offering that could value it at more $10 billion including debt, according to sources cited by Reuters on Thursday. Rackspace started out as a hosting provider in 1998 and debuted on the New York Stock Exchange a decade later. In 2016, the company once again ...
After probe, UK provisionally approves Amazon’s investment in Deliveroo
The U.K.’s antitrust watchdog today granted Amazon.com Inc. provisional approval to buy a stake in Roofoods Ltd., better known as Deliveroo Inc., a London-based food delivery startup valued at more than $2 billion as of 2017. Deliveroo announced last March that it had raised a $575 million funding round led by Amazon with participation from ...
Qualcomm intros ultra-low-power modem chip for IoT devices
Qualcomm Inc. will ship a new modem chip for so-called internet of things devices this year that measures smaller than a dime and is touted as the most power-efficient product in its category. The chip, descriptively named the Qualcomm 212 LTE IoT Modem, was announced on Thursday. It’s designed to enable internet access on connected ...
Apple reportedly working on modular wireless headphones with Siri integration
A new report claims that Apple Inc. is developing a pair of wireless headphones with a modular over-the-ear design and integration with its Siri voice assistant. Bloomberg, a frequent source of early information about upcoming Apple products, today cited sources as saying that the headphones have been in the works since 2018. The project is ...
AWS doubles the performance of its Snowball Edge device and adds new software
Amazon Web Services Inc. today introduced a new version of Snowball Edge, its system for running edge computing workloads and migrating data to the cloud, that features more powerful silicon as well as additional management tools. AWS launched the first Snowball device in 2015 as a way for enterprises to move large amounts of records ...
Verizon is acquiring Zoom rival BlueJeans for a reported $400M
Verizon Communications Inc. today announced plans to buy Blue Jeans Network Inc., better known as BlueJeans, a videoconferencing provider whose products compete with Zoom and Microsoft Teams. The carrier didn’t disclose how much it’s spending on the acquisition. But CNBC reported that the deal is valued at around $400 million, while the Wall Street Journal pegged ...
Dell-backed storage startup Vast Data raises $100M at $1.2B valuation
Vast Data Inc., an emerging data center storage provider backed by Dell Technologies Inc., today announced that it has secured $100 million in funding at a $1.2 billion valuation. The startup previously raised $80 million across three rounds. Renen Hallak, the startup’s chief executive officer, said Vast Data still had $40 million left over from ...
DOD watchdog claims limited evidence shows no White House pressure in JEDI award
The U.S. Defense Department’s internal watchdog agency said today that the evidence it has received on the JEDI contract suggests procurement personnel weren’t pressured by the White House to award the deal to Microsoft Corp. However, the watchdog added that it “could not review this matter fully” because some DOD officials didn’t answer questions. The ...
Report: Airbnb raises $1B more in debt to weather bookings plunge
Airbnb Inc. has taken out a $1 billion line of credit to help it cope with the sharp plunge in travel bookings brought about by the coronavirus pandemic, multiple publications reported late Tuesday. The loan marks the second tranche of capital the company has raised in recent weeks. On April 6, Airbnb secured $1 billion ...
Apple unveils $399 iPhone SE with same A13 Bionic chip as its flagship model
Having to make do without the physical press conference that usually accompanies its product launches, Apple Inc. today used a newsroom post and a YouTube video to unveil the long-rumored iPhone SE, which will become available for order on Friday starting from $399. The iPhone SE will hit the market with one of the lowest ...