Maria Deutscher
Latest from Maria Deutscher
RelationalAI introduces new graph processing features for its Snowflake app
Startup RelationalAI Inc. today introduced new features for its software that will enable companies to analyze their data more efficiently. The capabilities debuted at the annual Snowflake Summit in San Francisco. Snowflake provides a popular cloud data platform that companies use to store, analyze and visualize their data. Customers can optionally extend the platform’s feature ...
Broadcom introduces Tomahawk 6 networking chip for large-scale AI clusters
Broadcom Inc. today debuted a new chip lineup, the Tomahawk 6 series, that’s optimized to power Ethernet switches in data centers. The company says that customers can expect bandwidth of up to 102.4 terabits per second. That’s nearly twice the performance of the second-fastest Ethernet switch on the market. According to Broadcom, the Tomahawk 6’s ...
Neuralink raises $650M at reported $9B pre-money valuation
Neuralink Corp., Elon Musk’s brain-computer interface startup, today announced that it has closed a $650 million funding round to support its research. Semafor cited sources as saying that the Series E raise gives the company a pre-money valuation of $9 billion. That’s more than double what it was worth following its most recent funding round two ...
Google will invest $500M in compliance program to settle shareholder lawsuit
Google LLC plans to spend $500 million over the next decade to revamp its regulatory compliance efforts. The Financial Times reported the initiative today, citing a court document filed on Friday. Google is proposing the compliance overhaul to settle a shareholder lawsuit that was brought against it four years ago. The investors who filed the ...
Financial technology company Chime seeking $11.2B valuation in upcoming IPO
Chime Financial Inc. today disclosed the terms of its upcoming initial public offering. The financial technology company, which has more than eight million users in the U.S., hopes to sell 25.9 million shares for $24 to $26 apiece. Another 6.1 million shares will be put on the market by several of Chime’s investors. The offering ...
Cloud cost optimization startup CloudZero closes $56M investment
Startup CloudZero Inc. has raised $56 million from investors to enhance its namesake software platform, which helps enterprises lower their cloud expenses. The company announced the Series C round on Wednesday. It was led by BlueCrest Capital Management and Innovius Capital with participation from MongoDB Inc., Matrix Partners, Threshold Ventures, Underscore VC and G20 Ventures. ...
Hugging Face introduces two open-source robot designs
Hugging Face Inc. has open-sourced the blueprints of two internally developed robots called HopeJR and Reachy Mini. The company debuted the machines on Thursday. Hugging Face is backed by more than $390 million in funding from Nvidia Corp., IBM Corp. and other investors. It operates a GitHub-like platform for sharing open-source artificial intelligence projects. It ...
Meta and Anduril partner to develop wearables for the US military
Meta Platforms Inc. and Anduril Industries Inc., a defense technology startup, announced today that they’re partnering to develop wearable devices for the U.S. military. Anduril received a $14 billion valuation in its most recent funding round last year. The company develops aircraft, subsea sensors and other hardware systems for the defense sector. It also provides artificial ...
Buildots raises $45M for its AI-powered construction management platform
Buildots Inc., a construction software startup helping Intel Corp. build fabs faster, today announced that it has raised $45 million in late-stage funding. Qumra Capital led the Series D investment. It was joined by OG Venture Partners, TLV Partners, Poalim Equity, Future Energy Ventures and Viola Growth. The round brings Buildots’ total outside funding to ...
ClickHouse reels in $350M for its high-speed columnar database
ClickHouse Inc., the developer of an open-source columnar database that can store petabytes of information, has closed a $350 million funding round. The company announced the Series C investment today. It was led by Khosla Ventures with participation from Index Ventures, Lightspeed and more than a half-dozen others. ClickHouse’s total outside funding now stands at ...