Mike Wheatley
Latest from Mike Wheatley
CI/CD platform startup Harness raises $150M to accelerate software delivery
Continuous software delivery startup Harness Inc. is looking to expand its platform and kickstart the next stage of its growth after closing on a $150 million round of debt financing today. The latest round, which brings the company’s total amount of equity and debt raised to more than $500 million, was led by Silicon Valley ...
Rackspace reports strong progress following business realignment, pleasing investors
Cloud services provider Rackspace Technology Inc. beat Wall Street’s targets on earnings and revenue today as it continues to transform itself and pay off a huge debt refinancing deal that followed a major strategic realignment of its business last year. Although the company reported a significant decline in revenue, investors appeared satisfied with its progress, ...
Dropbox shares trend higher on solid earnings and revenue beat
The cloud file-sharing platform provider Dropbox Inc. delivered a decent earnings and revenue beat today as it reported its fiscal first-quarter results, giving investors something to like to offset its somewhat tepid guidance for the current quarter. The company reported earnings before certain costs such as stock compensation of 58 cents per share on revenue ...
JFrog’s revenue leaps again, but large customer acquisition slows, hurting its stock
Software supply chain company JFrog Ltd.’s stock traded lower after-hours today despite beating Wall Street’s expectations in earnings and revenue. Although investors were pleased enough with the earnings beat, its customer acquisition rate was slower than anticipated and its guidance for the coming quarter merely met with analysts’ expectations. The company reported a net loss ...
DatologyAI raises $46M to streamline AI model training data diets
Artificial intelligence data curation startup DatologyAI said today it has closed on a $46 million early-stage round of funding, which comes just three months after it first announced it had raised $11.65 million in seed funding. The company said today’s Series A round was led by Viv Faga and Astasia Myers from Felicis Ventures, and ...
OpenAI’s evolving Model Spec aims to guide the behavior of AI models
OpenAI has emerged as one of the most recognizable pioneers in the generative artificial intelligence industry thanks to the impressive capabilities of large language models such as GPT-4. Now, it’s aiming to take a lead in AI transparency with the release of a new “Model Spec” document that provides deeper insights into the workings of ...
Arm’s annual guidance fails to impress, stoking fears that some AI stocks may be overpriced
Shares of the U.K.-based computer chip designer Arm Holdings Plc were tracking lower in after-hours trading today after the company posted quarterly results that edged past Wall Street’s estimates, only to disappoint with somewhat conservative guidance for the coming financial year. The company reported fiscal 2024 fourth-quarter earnings before certain costs such as stock compensation ...
Token Security raises $7M to change the focus of identity management to machines
Machine identity startup Token Security is pushing to transform how companies approach their identity management strategies after closing on a $7 million seed funding round today. Today’s round was led by TLV Partners and saw participation from SNR and a number of angel investors, including Shlolo Kramer, one of Israel’s most prominent cybersecurity pioneers. At ...
Investors show confidence in Confluent, as its stock gains on solid earnings beat and bullish guidance
Shares of the data streaming software provider Confluent Inc. gained more than 4% in extended trading today after the company reported a strong first-quarter earnings and revenue beat. The company delivered earnings before certain costs such as stock compensation of five cents per share, beating Wall Street’s consensus estimate of two cents per share, while its ...
Kyndryl says return to profitability is ahead of schedule as it delivers strong earnings results
Information technology infrastructure services company Kyndryl Holdings Inc. said today it has traveled further than anticipated on its road to profitability, and it has the numbers to back up those claims. In its fiscal 2024 fourth-quarter results, it surpassed analysts’ expectations on earnings and revenue, offering strong guidance for the coming quarter too, sending its ...