Mike Wheatley
Latest from Mike Wheatley
Databricks looking to raise ‘hundreds of millions’ in fresh funding to fuel generative AI push
Enterprise big-data company Databricks Inc. is reportedly discussing a fresh round of funding with investors that will likely total hundreds of millions of dollars. This move comes despite Databricks’ loss of about $900 million in its last two fiscal years. The funding will help the company to capitalize on enterprise demands for a reliable data ...
Sassine Ghazi to become CEO of chip design software firm Synopsys
Semiconductor design software firm Synopsys Inc. said today that it’s hiring 25-year industry veteran Sassine Ghazi as its new chief executive officer. The news came as the company delivered better-than-expected fiscal third-quarter results thanks to growing demand for custom chip designs for artificial intelligence applications. Synopsys said Ghazi (pictured, right), who currently serves as its ...
In positive sign for tech spending, Cisco’s stock rises on strong earnings and prospects for AI
Shares of Cisco Systems Inc. traded higher after-hours today after the networking giant posted strong quarterly results and expressed optimism about the role it can play in a growing artificial intelligence industry. “We are seeing solid customer demand, gaining market share and innovating in key areas like AI, security and cloud,” Cisco Chief Executive Chuck Robbins ...
Observability startup Apica buys Logiq.ai for its advanced data management capabilities
Swedish application monitoring startup Apica AB said today it’s acquiring one of its rivals, the U.S. observability data fabric company called Logiq.ai LLC, for an undisclosed price. Alongside the acquisition, Apica said it has closed on a $10 million funding round led by existing investors Industrifonden, SEB Foundation and Oxx. The round brings Apica’s total ...
LogicMonitor beefs up observability with new platform integrations and functions
LogicMonitor Inc., a veteran player in the application observability market, is revamping its platform today with new features, expanded integrations with key software platforms, and a fresh lick of paint to spruce up the user experience. The company’s LM Envision platform provides companies with an array of tools they can use to monitor the health ...
Marqo raises $5.2M in funding to popularize AI-powered vector search technology
Artificial intelligence-driven search and discovery startup Marqo.ai said today it has closed on an A$8 million (about $5.2 million USD) seed funding round. The lead investor in the company, officially known as S2Search Australia Pty Ltd., was Blackbird Ventures, with Creator Fund, January Capital and the co-founders of Cohere Inc., Ivan Zhang and Aidan Gomez, also ...
Redis adds support for vector database search in its first unified platform update
Database management startup Redis Inc. has added tons of new functionality to its platform, including vector search capabilities, native triggers and a new change data capture feature. Redis started out as a developer of an open-source data cache technology, but over the years it has expanded its vision and transformed itself into an enterprise-grade, cloud-based ...
Full-stack observability startup Highlight launches with $8M in funding
Startup Highlight Inc. is looking to disrupt the application observability space with the launch of an open-source, full-stack monitoring platform it says provides more comprehensive feedback on usability problems and errors. Today’s launch comes as Highlight closed on an $8 million seed funding round led by Afore Capital and Craft Ventures, with participation from Y ...
Conversational chatbot building platform Voiceflow raises $15M in funding
Voiceflow Inc., creator of a collaborative platform for building artificial intelligence-powered conversational chatbots, said today it has closed on a $15 million funding round led by the venture capital firm OpenView. The round brings its total amount raised to $35 million and increases the company’s valuation by 50% since its last raise back in July ...
Zenhub asks developers to participate in its AI roadmap
Software project management platform provider Zenhub today revealed details of its artificial intelligence roadmap and the first features to launch under that initiative. In addition, it said it’s creating an early-access program for select customers that will not only get to use the new features first, but also collaborate with Zenhub’s team to help refine them. ...