Mike Wheatley
Latest from Mike Wheatley
AI-powered consumer insights platform Zappi raises $170M
The artificial intelligence-powered and big-data-focused consumer insights platform ZappiStore Ltd. today said it has closed on a bumper $170 million round of funding led by Sumeru Equity Partners and other co-investors. Zappi, as the company likes to be known, is the creator of a novel ad testing platform that provides creators with centralized access to ...
Snyk closes on $196.5M late-stage funding round but its value drops
Cybersecurity startup Snyk Ltd. announced today that it has closed on a $196.5 million late-stage round of funding led by the Qatar Investment Authority. New investors Evolution Equity Partners, G Squared and Irving Investors also participated in the Series G round, along with existing backers boldstart ventures, Sands Capital and Tiger Global. The deal values ...
Oracle’s stock posts small gain as cloud powers strong revenue growth
Shares of database giant Oracle Corp. ticked up slightly in after-hours trading today after it reported fiscal first quarter results that beat analysts’ expectations, but its earnings forecast for the coming quarter came in lighter than expected. The company reported earnings before certain costs such as stock compensation of $1.21 cents per share, coming in ...
DocuSign’s stock soars as it crushes earnings and revenue estimates
The electronic signature software firm DocuSign Inc. finally caught a break today, posting stronger-than-expected third-quarter financial results that sent its stock much higher in extended trading. The company reported earnings before certain costs such as stock compensation of 57 cents per share, down by just a penny from a year earlier and coming in ahead ...
Broadcom’s stock rises on solid earnings beat as chip sales stay strong
Computer chip giant Broadcom Inc. delivered fiscal fourth-quarter earnings and revenue today that topped expectations, followed by an outlook that came in ahead of estimates, sending its stock higher in extended trading today. Shares of the company rose more than 3% in the after-hours trading session, adding a rise of about 2.5% earlier in the ...
AWS, Google, Microsoft and Oracle all get a piece of the Pentagon’s $9B JWCC cloud computing contract
The Pentagon announced today that Amazon Web Services Inc., Microsoft Corp., Google LLC and Oracle Corp. have each been awarded a share of a $9 billion cloud computing contract that will run through 2028. The Joint Warfighting Cloud Capability contract is aimed at delivering enterprise-wide cloud computing capabilities to the U.S. Defense Department, across all ...
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 ...