Maria Deutscher
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What market turbulence? Anaplan makes strong trading debut after $236M IPO
Shrugging off this week’s tech stock plunge, business planning provider Anaplan Inc. started off its first day of trading on the right foot this morning, rising 43 percent above its initial public offering price by the end of the trading day. The tech industry’s newest publicly traded firm raised $263.5 million in its late Thursday ...
Apple to acquire key tech, talent from IoT chipmaker Dialog in $600M deal
Apple Inc. has forged a $600 million deal with partner Dialog Semiconductor PLC that will give it more control over the iPhone supply chain, as well as boost internal chip development efforts. The agreement, which was announced today, builds on over a decade of collaboration between the companies. U.K.-based Dialog has supplied power management chips ...
Snowflake Computing raises fresh $450M round for its cloud data warehouse
Just eight months after its previous nine-figure financing round, Snowflake Computing Inc. today announced that it has landed $450 million in additional funding. The round was led by Sequoia Capital with participation from several other prominent tech investors, among them Meritech Capital, Iconiq Capital and Redpoint Ventures. Snowflake’s backers have injected more than $920 million ...
Microsoft opens up its vast patent portfolio to the Linux community
Microsoft Corp.’s latest gesture to the open-source community could prove to be one of its most significant so far. The company today announced that it’s joining the Open Invention Network, an industry consortium dedicated to shielding its more than 2,600 member firms from patent litigation. The move will see Microsoft make its portfolio of 60,000-plus ...
Report: Apple has secretly acquired AI-based visual effects startup Spektral for $30M
A new report claims that Apple Inc. last year quietly acquired a Copenhagen-based machine learning startup called Spektral for $30 million. The story appeared today in Danish business journal Børsen and was picked up by Fortune. It’s seemingly given credence by the fact that Spektral co-founder Toke Jansen, whose research at the Technical University of ...
In another cybersecurity buy, Thoma Bravo to take Imperva private in $2.1B buyout
Imperva Inc., a major provider of cybersecurity software that has in recent years worked to transition to a cloud-based business model, is going private. The company today announced that it agreed to be taken off the stock exchange by private equity firm Thoma Bravo LLC in an acquisition worth $2.1 billion. The sum works out ...
Google unveils AI-infused Pixel 3 and Pixel 3 XL, Pixel Slate tablet and more
Google LLC today officially pulled back the curtains on the hotly anticipated Pixel 3 and Pixel 3 XL smartphones, along with a new premium tablet and a voice-activated smart display distinguished from rivals by its lack of a camera. The products debuted at the company’s Made by Google Event event today in New York. The launch ...
Founders of Slack, Yelp join $30M round into web development startup Netlify
Netlify Inc., a startup working to change how websites are built, today announced that it has reeled in a $30 million investment from an all-star lineup of investors. Venture capital stalwart Kleiner Perkins led the round with participation from Andreessen Horowitz, Slack Technologies co-founder Stewart Butterfield, Yelp Inc. co-founder Jeremy Stoppelman and a number of ...
Liferay takes its ‘digital experience platform’ to the cloud
The content management system market can be roughly divided into two segments. The first includes mass-market platforms such as WordPress, while the other consists of enterprise solutions for large organizations. One of the biggest players in this latter market is Liferay Inc., whose software powers thousands of services ranging from VMware Inc.’s customer portal to ...
LinkedIn to acquire workforce analytics startup Glint for $400M+
LinkedIn is marking its first acquisition since becoming part of Microsoft Corp. in 2016. The business social network today announced plans to purchase Glint Inc., a Redwood City, California-based startup focused on providing enterprises with insight into employee sentiment. The terms of the deal were not disclosed. Glint raised nearly $80 million from funding prior ...