Mike Wheatley
Latest from Mike Wheatley
Startup Arc Technologies raises $20M so other startups don’t have to raise money themselves
Arc Technologies Inc., a startup that’s providing an alternative source of funding for other startups, said today it has raised $20 million in a traditional funding round. Today’s Series A round was led by Left Lane Capital and included participation from a host of other investors, including NFX, Y Combinator, Clocktower Technology Ventures, Torch Capital, ...
Data processing chip startup Pliops raises $100M
Data center processor startup Pliops Ltd. said today it has closed on a $100 million late-stage funding round to help it to take on giants such as Nvidia Corp. and Oracle Corp. in an effort to make information processing more efficient. Today’s Series D round was led by Koch Disruptive Technologies, with participation from SK ...
SolCyber combines foundational security with cyber insurance to offer cheaper premiums to SMBs
The managed security service provider SolCyber Inc. said today it’s teaming up with Converge Insurance LLC to provide a new cyber insurance offering aimed at small and medium-sized organizations. As part of the offering, companies are required to boost their security posture in order to benefit from a simpler and more efficient application process, enhanced ...
GoTo integrates IT help desk functions into its unified communications tool
Collaboration and information technology management software firm GoTo Technologies Inc. said today it is launching IT help desk functions within its GoTo Connect unified communications-as-a-service tool. The addition of help desk features is designed to complement GoTo’s existing strengths in IT support and management, and will allow users to submit a ticket directly within the ...
Kore.ai announces pay-as-you-go pricing for low-code AI chatbot development
Startup Kore.AI Inc. said today it’s making its “low code” conversational artificial intelligence tools available on a pay-as-you-go basis, expanding their availability to smaller businesses. Backed by Nvidia Corp., Kore.AI offers tools that can be used by companies to easily build AI chatbots or virtual assistants for customer support. The key thing about its tools ...
Property management software provider Guesty raises $170M
The short-term rental property management portal Guesty Inc. said today it has closed on a bumper $170 million late-stage round of funding, bringing its total amount raised to date to $284.5 million. Today’s Series E round was led by existing investor Apax Digital Funds and included participation from MSD Partners, Sixth Street Growth, Viola Growth ...
US announces export ban on advanced semiconductor manufacturing tech
The United States has banned the export of four key semiconductor manufacturing technologies that it says are “vital to national security.” The U.S. Commerce Department’s Bureau of Industry and Security said Friday that the new rule, enacted today, bans the export of two “ultrawide bandgap” semiconductor materials, plus some types of electronic computer-aided design and ...
Thoma Bravo is holding talks to acquire cybersecurity firm Darktrace
Private equity giant Thoma Bravo LLC is said to be mulling an offer today to acquire the British cybersecurity firm Darktrace Plc. Although no offer has been made yet, Darktrace said in a regulatory filing that talks have taken place over a possible deal and that an offer may follow. The company’s stock jumped 24% ...
Former Qualcomm exec charged with tricking it into buying $150M startup he created while working there
A former vice president of research and development at Qualcomm Inc. has been charged with conspiring to fraudulently sell a startup to the chipmaker for $150 million. Prosecutors say that under the terms of Karim Arabi’s (pictured) contract with Qualcomm, anything that he created while working for the chipmaker was its property. So Qualcomm unwittingly ...
Expensify’s earnings and revenue miss sends its stock down after-hours
Shares of the business payments platform provider Expensify Inc. fell sharply in extended trading after the company missed Wall Street’s expectations, posting a surprise loss instead of a profit. The company reported a second-quarter loss before certain costs such as stock compensation of 10 cents per share on revenue of $43.2 million, up 22% from ...
