Mike Wheatley
Latest from Mike Wheatley
Data center infrastructure automation startup Spacelift gets ready for takeoff after raising $51M
Infrastructure-as-code orchestration startup Spacelift Inc. wants to play a more prominent role in information technology environment automation after closing on $51 million in new funding today. The Series C round was led by Five Elms Capital and saw the participation of Endeavor Catalyst and Inovo Venture Partners. IaC software makes it possible for organizations to create ...
Datafy raises $20M in seed funding to optimize cloud storage costs autonomously
The autonomous cloud storage optimization startup Datafy Inc. says it’s ready to help enterprises pounce on some massive cost savings after closing on $20 million in seed funding. It’s a big number for a seed round, and it comes from some prestigious backers, namely Bessemer Venture Partners, which led the round, and Insight Partners, which ...
Vehicle repair management startup ServiceUp raises $55M
Automotive technology startup ServiceUp Inc. has closed on a hefty $55 million funding round as it accelerates its mission to try and revolutionize the way vehicle fleet operators and insurers conduct vehicle maintenance and repairs. Today’s round was led by PeakSpan Capital and saw participation from existing investors Hearst Ventures, Trestle Partners, Capital Midwest Fund ...
Blok raises $7.5M to build AI agents that simulate human behavior to accelerate software testing
A startup called Blok Intelligence Inc. today said it has raised $7.5 million to transform the software testing process with artificial intelligence agents that simulate the behavior of human users. The money comes via a seed funding round led by MaC Venture Capital, with participation from angel investors at companies that include Google LLC, Apple ...
Red Hat offers free and simple self-serve access to RHEL for application developers
Leading Linux software company Red Hat Inc. says it’s cutting through some of the complexity of today’s intricate hybrid cloud and on-premises computing environments with a new version of its flagship operating system that’s more accessible for developer teams who design and test new applications. The company has announced the general availability of Red Hat ...
GlobalFoundries buys RISC-V chip firm MIPS to accelerate its AI ambitions
U.S. chipmaker GlobalFoundries Inc. is moving into the RISC-V processor business after announcing plans to buy the chip developer MIPS Technology LLC for an undisclosed price. GlobalFoundries said it plans to let MIPS continue to operate as a standalone business, but the acquisition will also allow it to design and build its own processors based ...
Report: Mistral AI in talks with MGX on $1B equity financing round
French artificial intelligence leader Mistral AI is reportedly holding talks with Dubai-based investor MGX and others on a $1 billion equity funding round that would include hundreds of millions of euros in debt. According to Bloomberg, which first reported the discussions, the debt would help to fund a new AI cloud service based in France ...
Graphwise enhances its graph database to become the brains of AI agents
The Bulgarian graph database startup Graphwise today announced a major upgrade to its flagship GraphDB tool, adding new features aimed at boosting enterprise knowledge management and creating a more reliable foundation for artificial intelligence models. Graphwise, officially known as Ontotext AD, said the improvements to its platform will make it even more suitable for AI ...
Samsung warns of big profit miss from US restrictions on advanced AI chip exports
Semiconductor and smartphone giant Samsung Electronic Co. Ltd. said on Tuesday morning in South Korea that it’s anticipating its second-quarter profit to plunge 56% from a year earlier, blaming it on sluggish sales in its chip business and the impacts of U.S. trade restrictions. The forecast comes in much lower than what analysts had expected. ...
IonQ prices $1B equity offering to accelerate its push into quantum networking
Shares of the quantum computing pure play IonQ Inc. gained more than 6% today after it announced a $10 billion equity offering priced far above its recent stock value. The company’s new offering was priced at $55.49 per share, which is around 25% more expensive than the stock’s closing price on July 3. The sale ...
