Mike Wheatley
Latest from Mike Wheatley
MongoDB’s stock explodes on blowout earnings results and bullish forecast
MongoDB Inc. delivered blowout fiscal first-quarter earnings results today and raised its full-year guidance thanks to a significant number of customer wins, sending its stock through the roof in extended trading. The company reported a net loss of $54 million for the quarter, down from a loss of $77 million one year earlier. Earnings before ...
Broadcom’s stock dips as analysts question generative AI growth prospects
Shares of computer chipmaker Broadcom Inc. wavered up and down in extended trading today after it reported strong financial results and guidance for the coming quarter. The company reported a fiscal second-quarter net income of $3.48 billion, up from a profit of $2.52 billion one year ago. Earnings before certain costs such as stock compensation ...
Database schema-as-code startup Ariga raises $18M in funding
Database schema management startup Ariga Technologies Ltd. said today it has closed on an $18 million early-stage funding round led by Tiger Global, TLV Partners and with participation from some notable angel investors. The funding was announced alongside the launch of a new version of Atlas Cloud, which is a commercial version of the open-source ...
Storage veterans Pure Storage and NetApp beat expectations and their stocks jump
In a sign of strength in enterprise storage hardware and services despite the slowing economy, shares of the data storage pioneers Pure Storage Inc. and NetApp Inc. rose in extended trading today after they posted solid financial results that surpassed Wall Street’s expectations. Pure Storage reported a fiscal first-quarter net loss of $67.4 million, rising from ...
Salesforce delivers to expectations but contract delays and rising capital costs weigh on stock
Salesforce Inc. delivered a strong earnings beat and raised its full-year guidance above analysts’ expectations, but concerns about its rising capital expenditures and delayed deals sent its stock down more than 5% in the after-hours trading session. The company reported net income for the first quarter of $199 million, up from a profit of just ...
Cisco buys Armorblox to beef up cybersecurity with generative AI
Cisco Systems Inc. said today it will acquire cybersecurity startup Armorblox Inc. to help protect email, cloud and office applications and enterprise communication systems. The networking giant will take advantage of Armorblox’s natural language processing, predictive and generative artificial intelligence capabilities to help its customers better understand the security risks they face. In a blog post ...
Predibase debuts low-code machine learning platform for building generative AI models
Machine learning startup Predibase Inc. today announced the commercial availability of its low-code declarative machine learning platform for artificial intelligence developers, adding new features for large language models. The launch of its platform came as the company revealed a $12.2 million expansion to its Series A funding round, led by Felicis Ventures Management Co., LLC. ...
Cortex Applications raises $35M to bring visibility into microservices quality
Cortex Applications Inc., the creator of an internal developer portal that’s used by organizations to gain visibility into their software and services, said today it has raised $35 million in a new round of funding. The Series B round was led by Institutional Venture Partners LLC and saw participation from a host of others, including ...
Dataiku doubles down on responsible AI development, adding greater transparency and control
Dataiku Inc., creator of a data science platform targeted at artificial intelligence development, said today it’s adding a host of new features to its flagship offering to help customers keep up with the pace of innovation in the rapidly evolving market. The new features are focused on generative AI and include an integration with everyone’s ...
Aiven announces ‘Bring Your Own Cloud’ to help companies optimize cloud spending
Aiven Ltd., a well-funded startup that delivers fully managed and cloud-hosted versions of some of the most popular open-source software, announced the launch of its “Bring Your Own Cloud” offering. With BYOC, customers can deploy Aiven’s managed data services directly on the public cloud of their choice, including Amazon Web Services, Google Cloud and Microsoft ...