Mike Wheatley
Latest from Mike Wheatley
Enterprise work management and collaboration software firm Smartsheet Inc. is holding talks with U.S. investment bankers after attracting interest from private equity firms exploring the possibility of a buyout, Reuters reported today. The Bellevue, Washington-based company, which has a market capitalization of …
Healthcare revenue collection startup Thoughtful AI raises $20M in early-stage funding
Healthcare industry-focused revenue cycle management startup Thoughtful Automation Inc. said today it’s ready to accelerate its business after closing on a $20 million early-stage funding round. Today’s Series A round was led by Nick Solaro of Drive Capital and saw the participation …
Chip stocks suffer biggest single-day loss on threat of tougher restrictions on Chinese exports
The Philadelphia Semiconductor Index saw more than $500 billion in value wiped out from its stocks today, posting its worst single-day performance since 2020. The fall came after a Bloomberg report said the United States government is considering introducing tighter restrictions on …
Figma confirms undisclosed funding round that brings its value to $12.5B
Collaborative design software startup Figma Inc. today confirmed it has closed on a significant funding round led by a group of investors including Coatue Management, Alkeon Capital Management and General Catalyst Partners. The size of the deal was not disclosed, but Bloomberg …
OpenAI researchers pit two AI models against each other in a game of deception to improve AI explainability
OpenAI today published a research paper that outlines a new way to improve the clarity and explainability of responses from generative artificial intelligence models. The approach is designed to improve confidence in AI systems so they can be relied upon in the …
Legal AI startup Leya AB raises $25M to help lawyers boost their productivity
Swedish startup Leya AB has raised $25 million in Series A funding as it sets about transforming the legal services industry with its dedicated artificial intelligence tools that help guide users through intricacies of law. Today’s round was led by Redpoint Ventures …
Pindrop Security raises $100M funding to fight deepfakes with AI-powered voice authentication tech
Voice authentication and security startup Pindrop Security Inc. said today it has raised $100 million in debt financing from Hercules Capital Inc. to accelerate the development of its “cutting-edge” audio, voice and artificial intelligence technologies. Pindrop is the creator of voice authentication …
Hybrid cloud data management startup CTERA Networks targets AI workloads after raising $80M
Hybrid cloud data management startup CTERA Networks Ltd. said today it’s aiming to expand its presence in the “data intelligence” business after closing on an $80 million funding round. Today’s investment was led by PSG Equity, whose managing director Ronen Nir is …
DeepL launches newest dedicated translation large language model for business users
DeepL SE, a well-funded translation software startup that leverages customized artificial intelligence models for improved accuracy over traditional platforms, has announced the debut of its most powerful AI model yet. The startup’s next-generation language model is said to be designed specifically for …
Logistics software startup Alvys raises $20.5M to become the de facto operating system for supply chain management
Transportation management software startup Alvys Inc. today said it’s looking to cement its status as a leader in logistics and supply chain operations management after closing on a $20.5 million early-stage round of funding. The Series A round was led by Titanium …