Maria Deutscher
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Flash memory producer Micron intros its own storage system
In addition to supplying flash memory for other companies’ storage arrays, Micron Technology Inc. now wants to sell its own storage systems. The semiconductor giant today unveiled a new top-of-rack platform called SolidScale that targets modern data centers where applications require the ability to pull up large volumes of information in a hurry. According to ...
Abandoning hosting ambitions, Verizon sells private cloud business to IBM
Six years after joining the infrastructure as a service race with the acquisition of Terremark Worldwide Inc., Verizon Communications Inc. is officially bowing out. The carrier on Tuesday revealed it has sold its private cloud hosting business, the last remnant of the acquisition, to IBM Corp. for an undisclosed amount. Verizon made the news public within ...
Docker hires veteran Steve Singh as CEO to lead commercialization efforts
Docker Inc. is starting a new chapter in its business journey today with a landmark executive hire. The buzzed-about software container startup announced this morning that it has appointed Steve Singh, a 20-year veteran of the tech industry, as chief executive officer. Singh is best known for founding business travel and expense management giant Concur ...
Salesforce aims to scale its app ecosystem with new $100M fund, partner program
Like Amazon.com Inc. and other major players in the cloud, Salesforce.com Inc. relies heavily on partners to address customer demands that fall outside its main focus area. The company announced two major updates today that aim to help members of its ecosystem step up their work. The first is a commitment to allocate $100 million ...
AI startup Bitfusion raises $5M to simplify deep learning projects
The complexity of artificial intelligence workloads can make them incredibly difficult to deploy. Application teams must set up specialized infrastructure to efficiently support the deep learning neural network algorithms running under the hood, a task that BitFusion.io Inc. is working to ease. The startup is supported by $5 million in new funding courtesy of Sierra Ventures, Data Collective, ...
User engagement giant Jive to go private in $462 million deal
Six years after hitting the stock exchange, Jive Software Inc. is returning to private ownership. The company, which helps brands create online portals where they can interact with their users, today announced that it has accepted a $462 million buyout offer from ESW Capital LLC. The acquisition will be carried out by Wave Systems Corp., a subsidiary ...
With $13M in new funding, Airwallex hopes to ease cross-border payments
Despite the best efforts of the banking sector, sending money from one part of the world to another is often cumbersome for companies. Australia’s Airwallex Ptd Ltd is working to change the situation. The startup has received a major endorsement today in the form of a $13 million funding round provided by Mastercard Inc., Sequoia Capital ...
Fast-rising data visualization startup Domo raises $100 million round
Turning a company’s business records into a straightforward dashboard that executives can understand at a glance is a major undertaking, one that several companies are offering to handle. One of the most well-funded contenders is Domo Inc., which plans to further bolster its war chest by raising as much as $200 million through a newly revealed ...
Chinese Uber rival Didi Chuxing raises a massive $5.5B
Less than a year after closing a mammoth $7.3 billion investment, Digi Chuxing Technology Co. is raising eyebrows in the venture capital world once again. The Chinese ride-hailing giant today divulged that it has raised a stunning $5.5 billion as part of a new round that the usual anonymous sources claim values it at around ...
UiPath reels in $30M to automate business chores
Chatbots aren’t the only form of artificial intelligence helping to streamline day-to-day work in the enterprise. Organizations have also started adopting so-called robotic processes, automatic apps configured to carry out a specific task that are being popularized, thanks in part to UiPath SRL. The Romanian startup announced today that it has raised $30 million in funding to ...