Mike Wheatley
Latest from Mike Wheatley
Merit Systems raises $10M to create a new economic model called ‘open-source capitalism’
A pioneering startup called Merit Systems Inc. is getting a lot of attention today after raising $10 million to create a new economic model for software developers that it calls “open-source capitalism.” Today’s round was led by heavyweight investors like a16z Crypto and Blockchain Capital and also saw the participation of a number of unnamed ...
Netradyne raises $90M to encourage safer driving with AI dashcams
Netradyne Inc., a startup that’s using artificial intelligence and edge computing to try and improve driver safety, said today it has raised $90 million in late-stage funding. Point72 Private Investments led the Series D round, with participation from Qualcomm Ventures and Pavilion Capital. The startup’s driver safety technology is mainly targeted at companies running fleets ...
Prophecy raises $47M to automate data pipeline development with generative AI
Data copilot startup Prophecy Inc. said today it has closed on a $47 million Series B extension round, as it bids to transform how companies access and manipulate their corporate data with generative artificial intelligence. Today’s round was led by Smith Point Capital, and saw participation from new investor HSBC and existing backers such as ...
NetApp sells Spot and CloudCheckr to cloud cost control company Flexera
NetApp Inc. is selling a portfolio of its software assets to the cloud cost management specialist Flexera Software LLC. Today’s announcement revealed that Flexera will acquire parts of NetApp’s Spot by NetApp and CloudCheckr products in a deal. The financial terms of the deal were not disclosed, but it’s valued at about $100 million, Bloomberg reported, ...
Aligned Data Centers gets $12B to expand its AI compute capacity
Data center operator Aligned Data Centers LLC said today it has raised a massive $12 billion in funding in order to accelerate the buildout of its artificial intelligence-focused infrastructure. The money came from two sources: $5 billion in primary equity from funds managed by Macquarie Asset Management and $7 billion in new debt commitments. Aligned, ...
François Chollet reveals he’s leading a new startup that aims to make AGI a reality
The respected artificial intelligence researcher François Chollet, who recently departed from Google LLC, has revealed in a series of posts on X that he’s launching a new startup focused on “artificial general intelligence.” In one of his posts he explained that Ndea hopes to “develop and operationalize” AGI, which is a term used to describe more ...
ControlMonkey gets $7M in funding to automate cloud infrastructure management with code
Terraform automation startup ControlMonkey Ltd. said today it has closed on a $7 million seed funding round co-led by Lool Ventures and Joule Ventures, which coincides with the global launch of its platform. Gaia Ventures and its founder Deepak Krishnamurthy also participated in the round, alongside a number of angel investors. The startup has built ...
Contextual AI launches RAG 2.0 platform to aid in the development of domain-specific AI agents
Contextual AI Inc., one of the leading players in retrieval-augmented generation systems that can advance the capabilities of large language models, today announced the general availability of its flagship product. With the launch of the Contextual AI Platform, enterprises will be able to create specialized “RAG agents” that can automate knowledge work on behalf of ...
Qbiq raises $16M to automate architectural design and visualization with AI
Israeli startup QbiqAI Ltd. said today it has closed on a $16 million early-stage funding round to fuel its bid to transform architectural planning with artificial intelligence smarts. The Series A round was led by the New York-based venture capital firm Insight Partners, and saw participation from the likes of JLL Spark, 10D, Random Forest, ...
With $20M in funding, Quantum Brilliance wants to build a diamond-encased mobile quantum computer
Quantum Brilliance GmbH said today it’s ready to begin mass production of its diamond-based quantum computers after closing on a $20 million early-stage round of funding. Today’s Series A round was led by the deep-technology fund Main Sequence, the U.S. venture capital firm In-Q-Tel and the Japanese investor Intervalley Ventures. Other participants include the Australian ...