Maria Deutscher
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Kong debuts Kong Event Gateway for managing real-time data streams
Kong Inc. today introduced Kong Event Gateway, a new tool for managing real-time data streams powered by Apache Kafka. San Francisco-based Kong received a valuation of more than $2 billion in a funding round last year. It provides a platform called Konnect that helps develops build, manage and secure application programming interfaces. Kong says that ...
Riverbed introduces new SteelHead 90 network acceleration appliances
Riverbed Technology LLC today introduced a new line of hardware appliances designed to speed up enterprise networks. The SteelHead 90 series, as the product family is called, comprises four devices. They’re powered by an operating system called RiOS 10. It uses Intel Corp.’s TDX virtual machine isolation technology to secure sensitive data. Redwood City, California-based ...
Financial technology startup Stash reels in $146M
Stash Financial Inc., a startup with a popular subscription-based investing platform, today announced that it has raised $146 million in funding. Goodwater Capital led the Series H round. It was joined by Union Square Ventures, StepStone Group, Serengeti, the University of Illinois Foundation and T. Rowe Price. The investment brings Stash’s total funding to more ...
Perplexity reportedly near $500M funding round at $14B valuation
Search engine startup Perplexity AI Inc. is reportedly in late-stage talks to raise $500 million from investors at a $14 billion valuation. The Wall Street Journal and CNBC broke the news today, citing sources familiar with the matter. Accel is believed to be leading the investment. The fundraising push follows a year in which Perplexity ...
Saudi Arabia launches multibillion-dollar AI venture
Saudi Arabia is launching a company to invest in artificial intelligence models and infrastructure, the Financial Times reported today. The venture is set to be known as Humain. It will be chaired by Crown Prince Mohammed bin Salman and owned by Public Investment Fund, Saudi Arabia’s $940 billion sovereign wealth fund. According to the Financial Times, ...
Weeks after IPO, CoreWeave reportedly seeking $1.5B in debt financing
Following its lukewarm initial public offering in late March, CoreWeave Inc. is reportedly seeking to raise $1.5 billion in debt financing. Bloomberg today cited a source as saying that JPMorgan Chase & Co. is expected to lead the transaction. CoreWeave, which operates a cloud platform optimized for artificial intelligence workloads, reportedly hopes to raise the financing ...
Workforce management startup Rippling raises $450M at $16.8B valuation
Workforce management startup Rippling People Center Inc. has raised $450 million in additional funding, multiple publications reported today. The Series G round didn’t have a lead investor. Y Combinator, Sands Capital, Goldman Sachs Growth, Baillie Gifford and GIC were among the participants. In parallel with the investment, Rippling held a $200 million tender offer that ...
AI startup Zencoder launches coding agent platform
Startup Zencoder, officially For Good AI Inc., today introduced a cloud platform called Zen Agents that can be used to create coding-optimized artificial intelligence agents. The platform is rolling out about seven months after Zencoder launched. The startup is led by Chief Executive Officer Andrew Filev, who previously founded project management software provider Wrike Inc. The ...
Appian shares rise on better-than-expected first quarter
Appian Corp. shares climbed more than 5% in today’s trading session after it reported better-than-expected revenue and earnings for the first quarter. McLean, Virginia-based Appian debuted on the Nasdaq in 2017. The company, which raised $10 million in equity funding before going public, sells automation software that can be used to speed up repetitive business ...
D-Wave delivers surprise adjusted profit after quantum computer sale
Quantum computer maker D-Wave Quantum Inc. today posted first-quarter results that topped the consensus estimate across the board. The Palo Alto, California-based company generated $15 million in revenue during the first three months of the year. Analysts had expected $2.55 million. D-Wave attributed the revenue jump mainly to the sale of a quantum system to ...