Mike Wheatley
Latest from Mike Wheatley
Supply chain software firm Descartes acquires GroundCloud for $138M
Logistics and supply chain software-as-a-service company Descartes Systems Group Inc. said today it has acquired GroundCloud, the creator of a cloud-hosted final-mile automation platform, for $138 million. Founded in 1981, Descartes is one of the oldest enterprise software firms on the block. It sells a suite of software products aimed at managing logistics and supply ...
Post-quantum cryptography startup Sandbox AQ raises $500M
Quantum computing software startup Sandbox AQ, which spun off from Alphabet Inc. last year, said today it has closed on a $500 million round of funding. Breyer Capital, T. Rowe Price funds and Salesforce Inc. founder Marc Benioff’s TIME Ventures all participated in the round, as did its Chairman Eric Schmidt, the former chief executive ...
Quantum Brilliance raises $18M to develop miniaturized quantum machines that run at room temperature
Startup Quantum Brilliance GmbH, which is building miniaturized quantum computers that can operate at normal room temperatures, said today it has closed on an $18 million round of funding. The round was led by Breakthrough Victoria, with participation from Main Sequence, Investible, Ultratech Capital Partners, MA Growth Ventures, Jelix Ventures, Rampersand and CM Equity Partners. ...
Akamai beats expectations as cloud and security revenues grow
Akamai Technologies Inc., the content delivery network firm that’s morphing into a cloud infrastructure services provider, delivered better-than-expected financial results today as it gears up to take on the likes of Amazon Web Services Inc. and Google Cloud. The company reported fourth-quarter net income of $128.7 million, down from the $160.5 million profit it delivered ...
Canonical debuts Real-time Ubuntu for low-latency applications
Linux operating system developer Canonical Ltd. today announced the general availability of Real-time Ubuntu, a new and specialized version of its operating system designed for time-bound workloads and applications. The newly developed real-time kernel within Ubuntu is better able to serve extreme latency-dependent use cases, providing deterministic response times to service events, Canonical said. In ...
Akamai expands into cloud infrastructure services with Connected Cloud platform
Content delivery network and cloud services provider Akamai Technologies Inc. said today it’s launching a massively distributed edge and cloud platform called Akamai Connected Cloud. It’s designed to enable cloud computing, content delivery and security that brings applications and experiences closer to end users, while providing better protection against security threats. The launch comes almost a year ...
Uber goes multicloud, announcing big deals with Oracle and Google
Ride-hailing company Uber Technologies Inc. today unveiled its multicloud strategy, announcing a new seven-year strategic cloud partnership with Oracle Corp. that will see it move the bulk of its most critical workloads to Oracle Cloud Infrastructure. At the same time, Uber revealed it’s expanding its partnership with its existing cloud partner, Google Cloud. It said ...
Arista Networks grows profit and revenue as it easily beats Wall Street’s targets
Arista Networks Inc. comfortably beat expectations today as it delivered its fourth-quarter financial results, showing impressive revenue growth and offering a strong forecast for the current quarter. Arista’s stock initially gained 3.5% in extended trading before pulling back slightly for a 1% gain. The stock had risen 2% earlier in the day. The company reported net ...
Faced with possible delisting, Rigetti Computing lays off staff and updates technology roadmap
Quantum computing firm Rigetti Computing Inc. today said it will lay off 28% of its staff after replacing its chief technology and financial officers. The publicly traded company is facing the possibility of a delisting from the Nasdaq exchange due to the poor performance of its stock, and to avoid that it has to maintain ...
Amazon’s Project Kuiper satellites get launch approval from the FCC
Amazon.com Inc.’s Kuiper Systems LLC satellite division was granted permission to go ahead with its first launches, according to a ruling by the Federal Communications Commission today. The FCC’s International Bureau provided its stamp of approval on an orbital debris mitigation plan submitted by Kuiper, removing one of the last hurdles in the way of ...
