Mike Wheatley
Latest from Mike Wheatley
Quantum computing startup Diraq raises $15M to build qubits using traditional silicon chips
Australian quantum computing startup Diraq Pty Ltd. said today it has closed on a $15 million capital raise that will be used to advance its research into a novel concept for building the physical “qubits” that power quantum computers. The Series A-2 round was led by Quantonation, a specialist venture capital fund that’s focused on ...
Nvidia debuts RTX 2000 Ada Generation GPU for AI-accelerated design workloads
Nvidia Corp. is packing more powerful generative artificial intelligence processors into “compact workstations” with today’s launch of its new Nvidia RTX 2000 Ada Generation GPU, enabling users to run advanced AI applications on device. The RTX 2000 is the most powerful graphics processing unit for workstations that the company has ever produced, offering up to 1.5 ...
Pegasystems debuts generative AI-powered application design tool
Low-code automation software platform Pegasystems Inc. is tapping generative artificial intelligence to fuel the capabilities of its latest tool, Pega GenAI Blueprint. Announced today, the new offering merges Pega’s industry best practices with the power of generative AI to enhance application design processes. The company argues that innovation in application development is being stifled and ...
Google joins C2PA’s steering committee to boost transparency of AI-generated content
Google LLC has revealed that it’s joining the Coalition for Content Provenance and Authenticity, otherwise known as C2PA. The company is signing on as a member of its steering committee, where it will work with other members on ways to improve the transparency of digital content. One of Google’s primary aims is to advance the ...
Mechanical Orchard raises $24M to help companies ditch their mainframes for the cloud
Mainframe workload modernization startup Mechanical Orchard Inc. said it’s hoping to gain more enterprise traction today after closing on a $24 million early-stage funding round led by Emergence Capital. The Series A round, which values the startup at $95 million, also saw participation from Industry Ventures, Spider Capital, Bloomberg Beta, Cendana Capital and Webb Investment Network. ...
Confluent’s stock jumps more than 21% after it beats forecasts and provides upbeat outlook
Confluent Inc.‘s stock shot up more than 21% in extended trading after the big-data company reported strong fourth-quarter financial results that blew past Wall Street’s projections and followed up with a bullish forecast for the current quarter. Officials also said they’re expecting the company to break even for the first time in the new fiscal ...
Arm’s stock gains more than 25% on strong earnings beat and bullish guidance
Shares of Arm Holdings Plc surged in after-hours trading, gaining more than 40% at one point as the company beat Wall Street’s estimates and offered a robust outlook for the current quarter in its first earnings report since going public again. The company reported net income for the third quarter of $87 million, down from ...
Supply chain management startup Sensos raises $22M in funding
Supply chain management startup SensosLabz.io Ltd. said today it has closed on a $20 million early-stage funding round led by Magenta Venture Partners in order to build out its platform and expand its go-to-market efforts. Investors that included JAL Ventures, Israel Cargo Logistics and Sumitomo Corp. also participated in the Series A round. The startup, ...
Freshworks beats expectations again as generative AI fuels large customer acquisition
Customer service and support software company Freshworks Inc. delivered impressive fourth-quarter financial results today, attributing the strong performance to its adoption of new artificial intelligence features baked into several of its main applications. The company reported earnings before certain costs such as stock compensation of eight cents per share on revenue of $160.1 million, up ...
SaaS visibility startup dataroomHQ launches with $3.5M in funding
DataroomHQ Inc., a startup that offers an artificial intelligence-powered operational metrics platform for software-as-a-service companies, said today it’s ready for prime time after closing on a strategic $3.5 million funding round. Today’s round was led by Oceans and Bling Capital, with participation by Garuda Ventures, Cortical Ventures and others. The startup has created a data-based ...