Mike Wheatley
Latest from Mike Wheatley
SoftBank buys Graphcore, the British chipmaking startup, to fuel its AI ambitions
Graphcore Ltd., the U.K.-based artificial intelligence chip developer that’s hoping to take on Nvidia Corp., has been acquired by the Japanee technology giant SoftBank Group Corp. The deal, announced today, will help Softbank, founded by Masayoshi Son, accelerate its multibillion-dollar push into the AI industry, which has now become its main area of focus. Founded in ...
Intel Capital leads $15M round in AI construction tech startup Buildots
Buildots Ltd., an artificial intelligence company that uses computer vision to create digital twins of construction sites, said today it has closed on a $15 million investment led by Intel Capital. OG Tech Partners and a number of previous investors also participated in the round, which brings the startup’s total amount raised to $121 million. ...
Patronus AI open-sources Lynx, a real-time LLM-based judge of AI hallucinations
Patronus AI Inc., a startup that provides tools for enterprises to assess the reliability of their artificial intelligence models, today announced the debut of a powerful new “hallucination detection” tool that can help companies to identify when their chatbots are going haywire. The company says the new model, called Lynx, represents a major breakthrough in ...
AI data reliability startup Soda Data raises $14M
The artificial intelligence-powered data quality startup Soda Data NV said today it has closed on a new $14 million funding round, despite claiming it has already achieved financial self-sufficiency over the past 12 months. Today’s round was led by existing investors and strategic partners Singular and Point Nine. It comes around three-and-a-half years after the ...
Alphabet calls off multibillion-dollar HubSpot acquisition
Google LLC’s parent company Alphabet Inc. has reportedly abandoned its plans to acquire the publicly listed marketing software firm HubSpot Inc. Bloomberg today cited “people familiar with the matter” as saying that negotiations over the deal, which had been ongoing since at least April, have now been called off. HubSpot’s stock fell more than 11% today ...
Vision AI startup Hayden AI raises $90M to boost public transit efficiency
Artificial intelligence startup Hayden AI Technologies Inc. today announced it has closed on a bumper $90 million round of growth equity financing to expand the rollout of its comprehensive vision AI platform in some of the U.S.’s largest cities. Today’s round was led by TPG’s The Rise Fund and saw participation from existing investors including ...
Cyberattack crisis readiness startup Cytactic raises $16M in seed funding
Cyberattack crisis readiness and management startup Cytactic Cyber Management Ltd. said today it has closed on a $16 million seed funding round led by the cybersecurity software-focused venture capital firm Evolution Equity Partners. The startup has created a software platform that enables companies to prepare themselves to deal with potentially devastating cyberattacks that can take ...
Enso Technologies raises $6M to build an army of guided AI agents for SMBs
Artificial intelligence service-as-a-software startup Enso Technologies Ltd. today announced the launch of what it claims is the first ecosystem of “guided AI agents” for small and medium-sized businesses. The company’s launch came as it closed on a $6 million seed funding round led by NFX Ventures. Dark Mode Ventures and a number of angel investors, ...
US announces $1.6B to fund research in advanced chip packaging technologies
The U.S. Department of Commerce today announced the launch of a new federal funding competition that aims to spur the research and development of more advanced computer chip packaging technologies. The Biden administration has earmarked $1.6 billion in funding, in the latest attempt by the White House to revitalize the U.S. semiconductor industry. In an ...
Skild AI raises $300M to build a general-purpose, AI-powered brain for any robot
Skild AI, a startup that’s developing artificial intelligence-powered brains for robots, said today it has closed on a bumper $300 million early-stage funding round, bringing its valuation to a cool $1.5 billion. The Series A round was led by a host of top-tier venture capital firms, including Lightspeed Venture Partners, Coatue, Softbank Group Corp. and ...