Mike Wheatley
Latest from Mike Wheatley
C3 AI beats Wall Street’s expectations after completing new business model shift
Artificial intelligence company C3.ai Inc. posted fiscal second-quarter financial results today that just beat Wall Street’s expectations, but its stock barely moved in extended trading. The company, which refers to itself as C3 AI, reported a loss before certain costs such as stock compensation of 11 cents per share on revenue of $62.4 million, up ...
Enterprise investments in ‘infrastructure as code’ power rapid growth at HashiCorp
Infrastructure-as-code leader HashiCorp Inc. delivered strong third-quarter financial results today that topped Wall Street’s expectations, sending its stock higher in late trading. The company reported a loss before certain costs such as stock compensation of 13 cents per share, well ahead of the 32-cent loss that Wall Street analysts had been targeting. Revenue rose by ...
Data-in-use encryption startup Vaultree raises $12.8M in early-stage funding
Data encryption startup Vaultree Ltd. today closed on a $12.8 million early-stage round of funding that brings its total amount raised to $16 million. The Series A round was led by Molten Ventures and Ten Eleven Ventures, and saw participation from SentinelOne, Elkstone Partners, CircleRock Capital, Cyber Club London and a number of prominent cybersecurity ...
Nvidia and Deutsche Bank team up to deliver enhanced, AI-powered financial services
Nvidia Corp. today announced a multiyear “innovation partnership” in which it will work closely with Germany’s Deutsche Bank AG to accelerate the use of artificial intelligence and machine learning technologies in the financial services industry. The partnership, announced today, is all about fulfilling the potential of AI and machine learning in the banking sector. The ...
Deloitte identifies trust as a common theme in its 2023 Tech Trends
A more immersive internet, superclouds and more trustworthy artificial intelligence are among the developments coming in the next 18 to 24 months, the information technology consulting firm Deloitte Touche Tohmatsu Ltd. revealed its 14th annual Tech Trends report. The report, published today, describes how technology leaders are increasingly drawing on the lessons of the past ...
MongoDB’s stock soars as cloud consumption trends power strong revenue growth
Shares of database firm MongoDB Inc. soared in extended trading today on the back of stellar third-quarter financial results that easily beat Wall Street’s expectations, as well as guidance suggesting another strong quarter to come. The company reported earnings before certain costs such as stock compensation of 23 cents per share, miles ahead of Wall ...
MetalSoft gets $16M in Series A funding to ‘cloudify’ on-premises data centers
Intelligent bare-metal automation software startup MetalSoft Cloud Inc. is on the radar of enterprises today after announcing a $16 million Series A round of funding led by DNS Capital. MetalSoft is a four-year-old startup that’s looking to take advantage of the recent reverse cloud trend that has seen some enterprises rethink their public cloud strategies ...
Identity and access management startup Axiom Security raises $7M as it exits stealth
Identity and access management operations startup Axiom Security Inc. is exiting from stealth mode today armed with $7 million in seed capital. The round was led by S Capital and saw the participation of several “notable angel investors”, including Netflix Head of Cloud Security Srinath Kuruvadi. Axiom is the creator of an identity and access ...
CockroachDB 22.2 update extends PostgreSQL compatibility and eases legacy database migrations
Cockroach Labs Inc., the maker of the popular, resilient CockroachDB database, today announced a bunch of new features on its platform that it says will boost efficiency and productivity for developers. In addition, the updates promise to simplify the architecture of data-intensive applications, and enable teams to migrate to CockroachDB from legacy systems more easily. CockroachDB ...
Wilco opens its gamified training platform to developer tool makers
Wilco Tech Ltd., the developer upskilling startup that offers video-game-style training for a range of development tools, said today that any developer or company can now create and launch its own “quests” on its platform. Wilco says its platform is aimed at the thousands of developers in the world who have a penchant for playing ...