Mike Wheatley
Latest from Mike Wheatley
Despite earnings beat, soft guidance weighs on HashiCorp’s stock
Infrastructure-as-code technology firm HashiCorp Inc. beat expectations in its latest financial results today as it announced spending cuts and an 8% reduction in its workforce. But its guidance for the second quarter came up light, sending its stock way lower in extended trading. The company reported a fiscal first-quarter net loss of $53.3 million, improving ...
Google Cloud and Mayo Clinic to explore uses of generative AI in healthcare
Google Cloud said today it’s collaborating with the Mayo Foundation for Medical Education and Research, better known as the Mayo Clinic, to bring advanced generative artificial intelligence capabilities to the healthcare industry. To get the ball rolling, the Mayo Clinic is adopting a new service called Enterprise Search on Generative AI App Builder that will ...
Low-code enterprise integration platform Digibee raises $60M
Low-code enterprise integration platform provider Digibee Inc. said today it has closed on a $60 million round of funding. Leading today’s round was the Growth Equity business within Goldman Sachs Asset Management, and it was joined by Leadwind, Vivo Venture, Kinea and G2D. The Series B round brings Digibee’s total amount raised to more than $90 ...
Salesforce deploys generative AI for personalized marketing campaigns and shopping experiences
Salesforce Inc. said today it’s stepping up its generative artificial intelligence push with the launch of two new applications, Marketing GPT and Commerce GPT. The former is aimed at helping marketers to generate personalized emails and create smarter marketing journeys, while the latter is designed to help companies create more personalized shopping experiences and customized ...
Cisco debuts its Secure Service Edge offering and enhances app security
Cisco Systems Inc. today unveiled a new security service edge offering that it says will help enterprises to securely connect their growing portfolios of edge resources, such as cloud, private and software-as-a-service applications. The new SSE offering comes alongside two additional security updates announced at the Cisco Live! event today, including Cisco Multicloud Defense for ...
Couchbase stock falls on wider loss and soft guidance
Database company Couchbase Inc. beat expectations today thanks to solid revenue growth, but it offered light guidance for the coming quarter that sent its stock down after-hours. The company reported a wider loss for the first quarter of $21.8 million, compared with a loss of $19.8 million one year earlier. Its loss per share before ...
Instabase debuts generative AI tools to help users understand any kind of content
Business application development platform Instabase Inc. is set to announce Wednesday the launch of AI Hub, a new offering that includes a repository of artificial intelligence applications for content understanding and a set of generative AI-based tools. Instabase is a platform for businesses to build customizable apps quickly using a low-code interface. It provides various tools ...
Cloudera creates observability tool to help enterprises manage cloud costs
Big-data company Cloudera Inc. is getting into the observability game with the launch of a new tool that provides insights into the data, applications and infrastructure they operate on-premises and across public clouds. Cloudera Observability is available now for all Cloudera Data Platform users, the company said, enabling them to optimize costs and improve the ...
Data protection software startup Rubrik reportedly planning $750M IPO
Data protection startup Rubrik Inc., which was valued at more than $4 billion when it raised money from backers that included Microsoft Corp. two years ago, has hired a number of banks to assist with its initial public offering, according to a report today by Reuters. The report cites no less than four anonymous sources ...
Solid earnings beat and strong forecast send GitLab’s stock soaring
GitLab Inc.’s stock was riding high in extended trading today after the DevOps company posted strong first-quarter results that topped expectations, offered a strong forecast for the coming quarter and raised its full-year guidance. The company reported a net loss for the quarter of $52.9 million, up from a loss of $26.1 million it recorded ...