Maria Deutscher
Latest from Maria Deutscher
A bumpy ride to profitability: Uber lays off 350 staff in latest cuts
Uber Technologies Inc. has laid off about 350 employees as part of its ongoing effort to curb its losses, which reached a record $5.2 billion last quarter. The cuts, announced Monday, represent the third and final round of staff reductions made under a restructuring initiative the company launched earlier this year. Uber previously laid off ...
Elastic turns $234M Endgame deal into new endpoint protection product
Elastic N.V. today introduced Elastic Endpoint Security, its latest cybersecurity product, which provides protection against hackers for enterprises’ backend infrastructure and employee devices. The software is based on technology that the company obtained through its acquisition of Endgame Inc. in June. Elastic paid $234 million for the startup, which counted the U.S. Air Force among its ...
Enterprise search startup Algolia nabs $110M from Accel and Salesforce
Algolia Inc., the startup whose technology powers the search bars of sites such as Medium and Coursera, today announced that it has secured a $110 million funding round led by Accel with participation from Salesforce Ventures. San Francisco-based Algolia sells a cloud-based search engine that companies can embed in their sites, cloud services and mobile apps ...
Commvault’s new Metallic service promises easier backup for midmarket firms
Commvault Inc. wants to simplify backup operations for organizations with fewer than 2,500 employees. The publicly traded backup and information management provider today introduced Metallic, a data protection service built specifically for midmarket customers. Commvault hopes to set the offering apart from the many rival products out there by making it easier to deploy. Metallic ...
In its new Kiwi radar site, LeoLabs sees a stepping stone to space-based AI
The Silicon Valley catchphrase “Move fast and break things” takes on a whole different meaning in space. The millions of pieces of debris that litter the Earth’s orbit zip around at speeds of up to 17,500 miles per hour, according to NASA, which means even a pebble-size object can cause catastrophic damage to a satellite in ...
Cybersecurity stalwart Sophos to be acquired by Thoma Bravo for $3.9B
British cybersecurity provider Sophos Group plc today said that it has received a buyout offer from Thoma Bravo LLC valuing it at $3.9 billion. The company’s board plans to recommend the bid unanimously to shareholders. If the deal is approved, Sophos investors will receive $7.40 per share in cash, a 37% premium to the stock’s ...
Video leak reveals Google’s upcoming Pixelbook Go laptop
Yet more details are emerging about the hardware Google LLC will unveil at its New York product event next Tuesday. The company is expected to debut the Pixel 4 and, with it, a successor to the 2017 Pixelbook laptop, the specifications of which leaked in full today via a video and photos released by 9to5Google. The publication got ...
Uber officially jumps into grocery delivery with Cornershop acquisition
In its first move into grocery delivery, Uber Technologies Inc. today announced plans to acquire majority ownership of Delivery Technologies SpA, better known as Cornershop, a Latin American grocery delivery startup that Wal-Mart Stores Inc. tried and failed to buy for $225 million. The deal is expected to be completed in early 2020. Under the ...
Einride raises $25M to put more of its T-Pod autonomous trucks on the road
Einride AB, one of the few European startups competing in the race to develop driverless trucks, today revealed that it has secured a $25 million funding round to support expansion plans. Sweden-based Einride is commercializing an autonomous, electric freight hauler called the T-Pod (pictured) that weighs 26 metric tons and looks radically different from the traditional ...
Report reveals Amazon uses human video reviewers for its Cloud Cam cameras
A small portion of the footage recorded by Amazon.com Inc.’s Cloud Cam smart security cameras is watched by human reviewers to help improve the devices’ software, Bloomberg reported today. The revelation adds another wrinkle to the recent scrutiny around tech giants’ use of customer data for quality assurance. This year, word emerged that Amazon employs ...