Maria Deutscher
Latest from Maria Deutscher
Revel Software Corp., a startup that develops software for complex physical systems such as jet engines, has raised $150 million in funding. The company announced the investment today. It said Index Ventures led the Series B round with contributions from Redpoint Ventures, …
ServiceNow debuts Autonomous Workforce, EmployeeWorks automation tools
ServiceNow Inc. today debuted two new cloud services that use artificial intelligence to automate manual work for users. The first offering, Autonomous Workforce, is a suite of specialized AI tools that each focus on speeding up a different set of chores. On …
Google launches Nano Banana 2 with speed, image quality improvements
Google LLC today introduced a new image generation model, Nano Banana 2, that offers higher output quality and better performance than its predecessor. The company will make the algorithm available in more than a half-dozen products. The original Nano Banana made its …
Anthropic acquires AI startup Vercept to enhance Claude’s computer use features
Anthropic PBC has acquired Vercept Inc., a startup with an artificial intelligence tool that can automate multistep tasks. The company didn’t disclose the financial terms in its announcement of the deal today. Vercept previously raised more than $50 million from Google LLC …
Data protection startup Gambit Security launches with $61M in funding
Data protection startup Gambit Security Ltd. launched today with $61 million in funding from Spark Capital, Kleiner Perkins and Cyberstarts. The company raised the capital over two rounds that closed in the past 12 months. It will use the funds to hire …
Circle shares soar 35%+ on strong fourth-quarter results
Shares of stablecoin issuer Circle Internet Group Inc. jumped more than 35% today after it posted better-than-expected fourth-quarter results. The company’s adjusted EBITDA, or earnings before interest, taxes, depreciation and amortization, more than quadrupled year-over-year, to $167 million. That amounted to adjusted …
Chip startup MatX raises $500M to speed up large language models
MatX Inc., a chip startup founded by former Google LLC engineers, has raised $500 million in funding to bring its first product to market. Jane Street and Situational Awareness led the Series B investment. MatX stated today that they were joined by …
Edge AI chip startup Axelera AI raises $250M+ funding round
Axelera AI BV, a Dutch supplier of artificial intelligence chips for edge devices, today announced that it has raised more than $250 million in funding. Amsterdam-based venture capital firm Innovation Industries led the investment. It was joined by BlackRock, Samsung Catalyst Fund …
AMD shares jump 8% on $100B+ AI chip deal with Meta
Shares of Advanced Micro Devices Inc. rose 8% today after it announced plans to supply Meta Platforms Inc. with billions of dollars worth of chips. The Facebook parent will also receive the option to buy an up to 10% stake in AMD. As …
Pure Storage to rebrand as Everpure, acquire data management startup 1touch
Pure Storage Inc. today announced a rebrand and a startup acquisition designed to enhance its data management capabilities. Starting next Thursday, the data storage provider will operate under the name Everpure. The company won’t change its ticker symbol from PSTG, but will …