Mike Wheatley
Latest from Mike Wheatley
Cloud networking startup Arrcus raises $50M funding round
Hyperscale networking software startup Arrcus Inc. today announced it has closed on a $50 million late-stage round of funding led by Prosperity7. Existing investors, including Clear Ventures, General Catalyst, Liberty Global and Lightspeed, also participated in the Series D round, as did Silicon Valley Bank, which is providing credit facilities. Arrcus said today’s round almost doubles ...
Former Salesforce co-CEO Bret Taylor to launch new AI startup with Google veteran Clay Bavor
Former Salesforce Inc. co-Chief Executive Officer Bret Taylor (pictured) is teaming up with outgoing Google LLC Vice President Clay Bavor to create a new artificial intelligence startup. The unnamed company will seek to apply AI to “some of the most important problems in business,” Taylor wrote in a LinkedIn post today. Bavor, who previously worked ...
Despite strong growth, JFrog fails to meet shareholders revenue targets and its stock drops
DevOps platform provider JFrog Ltd. reported strong revenue growth today as it beat Wall Street’s targets on earnings, but it failed to grow fast enough to satisfy shareholders and its stock fell after-hours. The company reported a fourth-quarter net loss of $23.2 million, up slightly from the $22.7 million loss it posted a year earlier. ...
Aiven launches managed version of Apache Flink for real-time data stream processing
Aiven Ltd., a startup that’s focused on delivering cloud-hosted and managed versions of the most popular open-source software platforms, has announced the general availability of its latest offering, Aiven for Apache Flink. With the new offering, businesses can now access a fully managed version of the real-time data stream processing platform on Amazon Web Services, ...
Time series database startup InfluxData closes $81M in late-stage funding
Time series database startup InfluxData Inc. said today it has secured $81 million in funding. The money comes from a $51 million Series E funding round led by new investors Princeville Capital and Citi Ventures, with participation from existing backers Battery Ventures, Mayfield Fund, Sapphire Ventures and others, plus a $30 million debt facility secured ...
Fivetran debuts Lite connectors to ease SaaS app data integration
Big data integration firm Fivetran Inc. today promised it will be able to help its customers connect many more information sources to their data warehouses. It’s doing so with the launch of a new offering known as “Lite connectors,” which are being made available to enterprises on request and can be developed in a fraction ...
Freshworks delivers another solid earnings and revenue beat
Freshworks Inc. beat expectations on earnings and revenue for its fourth quarter, but its stock barely moved as it offered guidance that fell just shy of Wall Street’s forecasts. The company reported a net loss of $60.6 million, with earnings before certain costs such as stock compensation of a penny per share, rising from a ...
Strong earnings beat and bullish guidance sends New Relic’s stock higher
Shares of the observability company New Relic Inc. soared in extended trading today after it posted strong third-quarter financial results that easily beat expectations and followed with a bullish forecast for the three months ahead. The company reported a net loss for the quarter of $26 million, lower than the $62.7 million loss it delivered ...
AI chip startup Cerebras Systems announces pioneering simulation of computational fluid dynamics
High-performance artificial intelligence computing startup Cerebras Systems Inc. announced a key milestone today, saying it has carried out the first-ever simulation of a high-resolution convection workload at near real-time rates. The simulation was performed using the WSE Field-equation application programming interface, or WFA, that was developed by the U.S. Department of Energy’s National Energy Technology ...
Oracle and Microsoft to spend billions to expand cloud footprint in Saudi Arabia
Oracle Corp. today revealed it’s planning to invest $1.5 billion in Saudi Arabia over the next few years as it strives to build out its cloud data center infrastructure in the country, including a third public cloud region in Riyadh, the capital. Meanwhile, Microsoft Corp. today also committed to making additional investments in Saudi Arabia. The ...