Maria Deutscher
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Tailwind for enterprise tech: Datadog, Ping Identity surge after IPOs
Enterprise technology providers Datadog Inc. and Ping Identity Holding Corp. debuted on the stock market today after raising a combined $836 million in their initial public offerings Wednesday evening. Datadog, which sells a cloud service that helps companies monitor the health of their applications, raked in $648 million. The total haul could rise to as much ...
Salesforce invests $300M in WordPress poster child Automattic
Automattic Inc., the company whose name has become synonymous with the WordPress content management system, is now worth $3 billion after a $300 million funding round announced this morning. The investment is the first for Automattic since 2014 and was led entirely by Salesforce Inc.’s venture capital arm. Including previous rounds, the company’s total raised stands ...
Salesforce bolsters data capabilities with Einstein Search, Sustainability Cloud
Just days after its last product release, Salesforce.com Inc. today introduced Einstein Search and Sustainability Cloud, two solutions that are both aimed at enabling companies to better manage internal data but focus on vastly different goals. Einstein Search will allow organizations to make customer records more easily accessible for employees. The tool is the successor ...
Facebook unleashes 3 new Portal devices, including long-rumored TV gadget
Facebook Inc. today expanded its hardware lineup with the introduction of three new Portal video calling devices that bring new communications features as well as better privacy. The star of the trio is the long-rumored Portal TV (pictured). It’s essentially a sophisticated webcam that users can connect to a television via the HDMI port to turn ...
In latest quantum milestone, IBM unveils its first 53-qubit computer
Qubit by qubit, researchers are inching closer to making large-scale quantum computing a reality. IBM Corp. today revealed that it has developed a quantum computer with more than twice the processing components as its previous largest machines. The new system packs 53 qubits compared with the earlier models’ 20 and features a number of major ...
DataRobot’s investors bet another $206M on its automated AI platform
In the crowded field of startups working to ease artificial intelligence development, DataRobot Inc. stands out. The company is one of the oldest players, founded in 2012, and it’s now among the best-funded as well as thanks to a new $206 million investment announced this morning. Sapphire Ventures led the round. It was joined by Intel ...
Apple hands Corning $250M to develop new glass for future iPhones
Apple Inc. has dipped into its $5 billion Advanced Manufacturing Fund and invested $250 million into Corning Inc., a New York-based manufacturer of glass for mobile devices. The capital injection, announced today, expands a long-running relationship between the companies. Apple previously made a $200 million investment in Corning two years ago and has used the ...
WeWork delays IPO after valuation cut, criticism over CEO’s control
The We Co., parent company of co-working industry poster child WeWork, is said to have hit pause on its preparations for an initial public offering. The Wall Street Journal reported today that WeWork will push back the IPO by at least a month. A source separately told CNBC that the offering could take place as soon ...
GitLab’s valuation soars to $2.75B after new $268M round
A year after achieving unicorn status, development tooling provider GitLab Inc. today announced that it has taken in an additional $268 million investment from a large consortium of new and returning backers. The round saw the participation of Iconiq Capital, Goldman Sachs Group Inc., Tiger Management, Franklin Templeton and over half a dozen others. GitLab is ...
YC leads $50M round into fast-rising contract automation startup Ironclad
Ironclad Inc., the maker of a contract automation service used by the likes of Dropbox Inc. and Fitbit Inc., this morning announced that it has raised $50 million in fresh capital. Y Combinator’s Continuity fund led the investment with participation from Emergence Capital. They were joined by Sequoia Capital and Accel Partners, which backed Ironclad’s ...