Maria Deutscher
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Report: SoftBank has bought a $4B stake in Nvidia
SoftBank Group Corp. is building up quite the investment portfolio. A Bloomberg report published today cited anonymous sources as saying that the Japanese telecommunications giant has quietly acquired 4.9 percent of Nvidia Corp.’s stock, becoming its fourth-largest stakeholder. The insiders claim that the investment is worth $4 billion, just below the threshold past which SoftBank ...
Content delivery network startup Fastly closes $50M round
In the six years since launching, Fastly Inc. has evolved from a low-key startup to a major force in content delivery with a run rate of over $100 million. Now, the provider is going after a new goal: achieving profitability. Fastly will carry out its plans using a fresh $50 million that it has raised ...
Microsoft and HubSpot join $15M funding round for PandaDoc
With a customer base of more than 6,000 companies, PandaDoc (Quote Roller Inc.) is one of the fastest-rising players in document management. The San Francisco-based startup plans to accelerate its momentum with $15 million in new funding announced today. Rembrandt Venture Partners provided the biggest portion of the financing, while the rest came from a group that included ...
Preempt brings multifactor authentication to traditional applications
Despite the fact that large-scale breaches are becoming an increasingly common occurrence, many enterprise applications still lack basic cyber protections such as multifactor authentication. Preempt Security Inc. wants to fill the gap. The San Francisco-based startup is launching a new tool today that aims to help companies overcome one of the biggest barriers to implementing MFA: ...
Mobile database startup Realm moves to simplify application backends
There’s often much more to mobile development projects than creating the app that users will ultimately run on their devices. Many services require the support of backend infrastructure to handle certain advanced operations, which can increase overhead a great deal. Realm Inc. is tackling the issue by rolling out a new service today that removes ...
Bill Gates-backed Echodyne raises $29M for its drone radar
With the Federal Aviation Administration estimating that 7 million drones will roam the skies by 2020, the risk of collisions is becoming a major concern. Echodyne Inc. believes that the key to addressing the challenge is increasing the range at which potential dangers can be spotted. The Bellevue, Washington-based startup hopes to provide the solution in ...
Spotify buys another AI startup in quest for better music recommendations
Spotify AB is making the most out of the $1 billion in debt financing it raised last year. The music streaming giant quietly revealed Wednesday that it has bought Niland, a Paris-based machine learning startup, in what marks its fourth acquisition since the beginning of the year. Spotify has previously picked up blockchain database maker Mediachain Labs Inc. ...
Frame lands $16M round to deliver virtual desktops from the cloud
Employees at Adobe Systems Inc., Siemens AG and Autodesk Inc. don’t depend on any one device for their work. Instead, they use cloud-based virtual desktops provided by their companies with the help of Frame Inc., a five-year-old startup that secured $16 million in funding on Wednesday. The financing came courtesy of Bain Capital Ventures, Microsoft ...
Cloudflare wants to speed up the web with ‘virtual backbone’
If any websites and cloud services seem to load faster than they once did, Cloudflare Inc. may be responsible. The content delivery giant has spent the past 12 months running a beta program that saw 50,000 companies test-run Argo, a new web acceleration platform officially introduced today. According to Cloudflare, it’s designed to provide a “virtual backbone” through which packets can ...
IBM makes new 16-qubit quantum processor accessible to the public
A year after giving researchers access to a 5-qubit quantum processor through its public cloud, IBM Corp. has launched a new and more advanced system that packs a much bigger punch. The chip will provide the scientific community with 16 qubits for exploring potential applications of the technology. According to IBM, quantum computers could dramatically ...