Maria Deutscher
Latest from Maria Deutscher
SailPoint shares jump 14%+ on strong first-quarter earnings
Shares of cybersecurity provider SailPoint Technologies Inc. rose more than 14% today after it posted quarterly results that topped expectations across the board. The company also upgraded its full-year guidance. The earnings report is SailPoint’s second since going public in February. The offering raised $1.18 billion and gave the company a market capitalization of $12.8 ...
Following Neon acquisition, Databricks launches serverless Lakebase database
Databricks Inc. today introduced a new serverless database called Lakebase that can process more than 10,000 queries per second. The service is based on PostgreSQL, a popular open-source relational database. It’s powered by technology that Databricks obtained through its recent acquisition of Neon Inc., a startup with an eponymous serverless PostgreSQL platform. The deal was ...
Meta reportedly forming superintelligence lab amid Llama 4 Behemoth delays
Meta Platforms Inc. is reportedly forming a new lab to develop superintelligence, a term for artificial intelligence models that can outperform humans at many tasks. The New York Times detailed the initiative today. Alexandr Wang, the co-founder and chief executive of Scale AI Inc., is expected to join the lab. Several other employees of the ...
Glean nabs $150M in funding at $7.2B valuation
Glean Technologies Inc., a developer of artificial intelligence productivity tools, today announced that it has raised $150 million in a late-stage funding. Wellington Management led the Series F round. It was joined by Khosla Ventures, Bicycle Capital, Geodesic Capital, Archerman Capital and more than a dozen returning Glean backers. The investment values the company at ...
Mistral AI debuts new Magistral series of reasoning LLMs
Mistral AI SAS today introduced Magistral, a new lineup of reasoning-optimized large language models. The LLM series includes two algorithms on launch. The first, Magistral Small, is available under an open-source license and features 24 billion parameters. It’s joined by a more capable, proprietary model called Magistral Small that will be available through Mistral AI’s ...
Pactum raises $54M for its procurement automation platform
Pactum AI Inc., a startup that helps companies secure more favorable contractual terms from their suppliers, has closed a $54 million funding round led by Insight Partners. The Series C investment was announced today. It comes about a year after Pactum’s previous raise, a $20 million round backed by shipping giant Maersk AS. The company ...
IonQ to buy Oxford Ionics in $1B+ quantum hardware acquisition
IonQ Inc. today announced plans to acquire Oxford Ionics Ltd, a fellow developer of quantum computing chips, for $1.075 billion. The company will finance the deal with a combination of its own stock and $10 million in cash. The acquisition is expected to close by year’s end. Both IonQ, which trades on the NYSE, and ...
Qualcomm acquires chip designer Alphawave for $2.4B
Qualcomm Inc. is acquiring Alphawave IP Group plc, a U.K.-based provider of technology for linking together chips, in a $2.4 billion deal. The companies announced the transaction today. It doesn’t come as a surprise: Qualcomm first disclosed plans to make a bid for Alphawave in early April. Its offer amounts to £1.83 per share, a ...
Thread AI raises $20M for its AI-powered workflow automation platform
Thread AI Inc., a startup that helps organizations automate business tasks using artificial intelligence, has raised $20 million in funding. The company announced the Series A round on Thursday. It was led by Greycroft with participation from Scale Venture Partners, Plug-and-Play, Meritech Capital and Homebrew. Index Ventures, the largest investor in Thread AI’s previous round, ...
Cryptocurrency exchange operator Gemini files to go public
Gemini Space Station Inc., the operator of a popular cryptocurrency exchange, today confidentiality filed to go public. The move comes about four months after rumors first emerged that a listing is in the works. A few weeks later, Bloomberg reported that Gemini had hired Goldman Sachs Group Inc. and Citigroup Inc. to manage the offering. ...