Mike Wheatley
Latest from Mike Wheatley
Micron’s stock rises as CEO says memory chip market has bottomed out
Shares of the computer memory chipmaker Micron Technology Inc. moved higher in extended trading today after its chief executive said the market appears to have bottomed out, following better-than-expected quarterly results. The company reported a third quarter loss of $1.9 billion, reversing quite dramatically from the $2.63 billion profit it posted in the year-ago period. ...
Madrona expands core investor team with three new partners
The prominent venture capital firm Madrona Venture Group said today it has added three new partners to its core investor team. The new partners are Loren Alhadeff, Mark Nelson and Ted Kummert, and they’re tasked with helping Madrona in its mission to support, build and scale up its portfolio companies as they navigate pivotal points ...
Ramon.Space raises $26M to build dedicated servers and storage for the space industry
Space computing infrastructure startup Ramon Space Inc. said today it has closed on a $26 million funding round. The money comes from the computer server maker Ingrasys Technology Inc., a subsidiary of Foxconn Technology Group, and the Strategic Development Fund of Abu Dhabi. Existing investors Grove Ventures, Deep Insight and UMC Capital also participated in ...
Samsung Foundry confirms first two-nanometer chips to arrive in 2025
Semiconductor giant Samsung Electronics Co. Ltd. said today it’s planning to begin manufacturing its first two-nanometer computer chips for smartphones and other mobile devices by 2025. The company’s Samsung Foundry business unit, which accounts for the bulk of its revenue, unveiled its chipmaking roadmap at a forum today in San Jose, California, saying its two-nanometer ...
AWS launches AppFabric, a generative AI tool that helps tame SaaS application sprawl
Amazon Web Services Inc. today announced a new, no-code service called AWS AppFabric that’s designed to tame the complexity of software-as-a-service application sprawl. With AWS AppFabric, companies can connect multiple SaaS applications into a single console to improve security, management and productivity. It was announced today at AWS Applications Innovation Day. It helps integrate multiple SaaS apps, ...
Cloudera expands Apache Iceberg support to private clouds
Data warehouse software provider Cloudera Inc. is expanding support for Apache Iceberg, making it available in the self-hosted, private cloud version of its flagship Cloudera Data Platform. Today’s move brings CDP-Private Cloud into line with Cloudera’s CDP-Public Cloud offering, which added support for Apache Iceberg last year. Apache Iceberg for CDP-Private Cloud is available now ...
Virtuozzo’s new hybrid cloud offering helps MSPs sell services at lower cost
Hyperconverged infrastructure software firm Virtuozzo International GmbH announced the general availability of Virtuozzo Hybrid Cloud today, enabling managed service providers to offer cloud computing services at higher margins. Virtuozzo is the creator of a portable, flexible and elastic hyperconverged infrastructure software that merges system containers, a hypervisor and software-defined storage resources into a single, efficient ...
CalypsoAI raises $23M to stop employees sharing sensitive data with generative AI chatbots
Calypso AI Corp. said today it has raised $23 million in an early-stage financing as it looks to carve out a niche for itself providing security for companies using generative artificial intelligence models such as ChatGPT. Today’s Series A-1 round was led by Paladin Capital Group and included participation from existing investor Lockheed Martin Ventures, ...
NoTraffic closes on $50M funding round to accelerate smart traffic management
Traffic management software startup NoTraffic Ltd. said today it has closed on a $50 million round of funding, bringing its total amount raised to date to $75.7 million. The Series B round was led by M&G Investments and joined by new investors VNV Global and UMC Capital, plus existing investors Grove Ventures, Vektor Partners, Next ...
Faros AI raises $20M to make software engineering teams smarter
Software engineering-focused artificial intelligence startup Faros AI Inc. said today it has closed on a $20 million early-stage funding round, bringing its total amount raised to $36 million. The Series A investment was led by David Hornik of Lobby Capital and saw participation from existing investors SignalFire, Salesforce Ventures and Operator Collective. Faros AI is ...