Mike Wheatley
Latest from Mike Wheatley
Cisco reveals plan to cut thousands of jobs as it beats earnings forecast
Shares of Cisco Systems Inc. rose in extended trading today after the networking company said it’s cutting 7% of its global workforce and reported quarterly financial results that topped analysts’ estimates. The layoffs, which are the company’s second round of job cuts this year, are part of a restructuring plan that will result in about $1 ...
Housing and healthcare AI startup EliseAI raises $75M and hits unicorn status
Elise A.I. Technologies Corp., the creator of artificial intelligence-powered management tools for the housing and healthcare industries, said today it has become New York City’s latest tech unicorn after closing on a $75 million late-stage round of funding. Today’s Series D round was led by Sapphire Ventures and saw the participation of existing investors such ...
AI code review startup CodeRabbit raises $16M to help developers debug code faster
Generative artificial intelligence code revenue startup CodeRabbit Inc. has set its sights on becoming an essential part of every developer’s toolkit after closing on $16 million in early-stage funding. Today’s Series A round was led by CRV and saw participation from Flex Capital, Engineering Capital and a number of angel investors, the most prominent of ...
AI data development platform startup Encord raises $30M
Data annotation platform provider Encord, officially known as Cord Technologies Inc., said today it has closed a $30 million Series B investment led by Next47, with participation from previous backers Y Combinator, CRV and Crane Venture Partners. The startup has created what it likes to call a “data development platform” that’s designed to make artificial ...
FactoryOps startup Guidewheel gets $31M to make machines smarter with plug-and-play sensors
Factory software startup Guidewheel said today it’s looking to usher in a new era of artificial intelligence-powered automation for the manufacturing industry, after closing on an oversubscribed $31 million early-stage round of funding. Today’s Series B round was led by Decarbonization Partners, which is a partnership between BlackRock Inc. and Temasek Holdings Inc. Ecolab, Rethink ...
Sakana AI creates an ‘AI Scientist’ to automate scientific research and discovery
Tokyo-based artificial intelligence startup Sakana AI today unveiled what it says is the first generative AI model in the world designed to conduct scientific research on its own. The model, called AI Scientist, is the result of a collaboration with scientists from the University of Oxford and the University of British Columbia. Sakana says it has ...
3D app and game design platform Spline raises $10M and extends support to Android
3D graphics design platform startup Spline Inc. said today it has closed on a $10 million funding, which coincides with the addition of Android support, opening up its collaborative capabilities to millions of Android ecosystem developers. Today’s Series A round was led by Third Point Ventures, which was joined by a number of prominent venture ...
Foundry Technologies launches resellable GPU instances for more cost-effective AI
Cloud computing infrastructure startup Foundry Technologies Inc. is looking to disrupt the artificial intelligence compute industry with the launch of Foundry Cloud Platform, a real-time market and orchestration engine that it says provides simpler and more affordable access to graphics processing units. The company says Foundry Cloud Platform reduces the operational complexity of renting out ...
Linux Foundation’s latest initiative aims to promote ‘irrevocable’ open-source AI models
The Linux Foundation today welcomed a new initiative that aims to encourage the development of high-quality, openly licensed artificial intelligence models that will be free to use and “push creativity forward,” in response to a growing demand for truly open AI. The Open Model Initiative or OMI was established in response to a number of ...
Cosine raises $2.5M for its ‘uncannily human’ AI coding assistant Genie
Cosine, an artificial intelligence startup that’s focused on mimicking human reasoning, said today it has closed on a $2.5 million seed funding round to finance the development of its cutting-edge AI software developer. Today’s round was led by U.S. based venture capital firms Uphonest and SOMA Capital, and saw participation from Lakestar, Focal and others. ...