Mike Wheatley
Latest from Mike Wheatley
Pegasystems moves the needle on generative AI development with Pega Infinity updates
Pegasystems Inc., the low-code automation software company, is enhancing its suite of artificial intelligence development tools today with a host of new updates. The new capabilities within the Pega Infinity platform are all about accelerating the development of generative AI in particular, with the goal of building applications that can enhance employee productivity and optimize ...
Moveworks taps agentic AI to aid in enterprise search
Generative AI copilot company Moveworks Inc. today announced the immediate availability of a new enterprise search tool powered by an innovative new “reasoning engine” that’s better able to understand what users are trying to achieve. The company is building on its flagship product, a generative artificial intelligence copilot that can be embedded into every enterprise ...
Brightwave raises $15M to accelerate financial research with AI
Brightwave Inc., creator of an artificial intelligence-powered financial research platform for investment banks, hedge fund managers and other finance professionals, said today it has closed on a $15 million early-stage round of funding. Today’s Series A round was led by Decibel Partners and saw participation from Omers Ventures, bringing the company’s total amount raised to ...
OSI clarifies what makes AI systems open-source, but most ‘open’ models fall short
The highly respected Open Source Initiative, which has a reputation for being one of the most prominent stewards of open-source software, has finally come up with an official definition on what makes artificial intelligence models open or not. The definition was immediately rejected by Meta Platforms Inc., whose popular Llama large language models fail to ...
Generative AI agent startup Sierra Technologies raises $175M at $4.5B valuation
Sierra Technologies Inc., a hot artificial intelligence startup co-founded by ex-Salesforce Inc. co-Chief Executive Bret Taylor, said today it has closed on a $175 million funding round that brings its valuation to $4.5 billion. The round was led by Greenoaks Capital and saw participation from Thrive Capital and Iconiq, and confirms a report earlier this ...
Read AI lands $50M in new funding as it strives to become everyone’s AI copilot
The productivity-focused artificial intelligence startup Read AI Inc. said it had closed on a $50 million Series B funding round today, coming just six months after it raised $21 million via a Series A round. Today’s round was led by Smash Capital and saw participation from existing Madrona and Goodwater Capital. It brings the company’s ...
Filigran raises $35M to help companies simulate and respond to cyberattacks
French cybersecurity startup Filigran SAS is looking to expand its presence in the U.S. after closing on a $35 million Series B round of funding. Today’s round was led by Insight Partners and saw participation from existing backers Accel and Moonfire, and comes just eight months after the company raised $16 million in a Series ...
Informatica’s blueprints outline how to build generative AI apps in the cloud
Informatica LLC is looking to increase its relevance in generative artificial intelligence application development with the release today of several “blueprints” that outline the best way to create AI applications on different cloud infrastructure platforms. The Generative AI Blueprints are aimed at making it easier for companies to build enterprise-grade generative AI-powered apps quickly on ...
Concentric bags $45M to expand its AI-powered data cataloging tools
Concentric Inc. said today it has closed on $45 million in a fresh round of funding led by Top Tier Capital Partners and HarbourVest Partners. The Series B round also saw the participation of CyberFuture and existing investors like Ballistic Ventures, Engineering Capital, Clear Ventures and Citi Ventures, bringing the startup’s total amount raised to more than ...
Meta debuts slimmed-down Llama models for low-powered devices
Meta Platforms Inc. is striving to make its popular open-source large language models more accessible with the release of “quantized” versions of the Llama 3.2 1B and Llama 3B models, designed to run on low-powered devices. The Llama 3.2 1B and 3B models were announced at Meta’s Connect 2024 event last month. They’re the company’s ...