Mike Wheatley
Latest from Mike Wheatley
Shopic gets $35M to bring AI-powered smarts to ordinary shopping carts
The smart shopping cart startup Shopic Technologies Ltd. said today it has raised $35 million in funding to get closer to fulfilling its mission of making grocery shopping experiences smarter for stores and consumers. Today’s Series B round was led by Qualcomm Ventures and saw the participation of Vintage Investment Partners, Clal Insurance, IBI Tech ...
DigitalOcean delivers a profit that tops Wall Street’s expectations
Developer cloud infrastructure provider DigitalOcean Holdings Inc. delivered mixed second-quarter financial results today, beating expectations on profit but just missing out on sales. Guidance for the next quarter was more or less in-line with expectations, and the company’s stock edged up slightly in extended trading. The company reported earnings before certain costs such as stock ...
Meta AI unveils BlenderBot 3, an advanced chatbot that learns from interactions
Meta AI, the artificial intelligence research unit of Facebook parent company Meta Platforms Inc., said today it has released a new version of its advanced BlenderBot chatbot that can remember previous interactions and learn from them. BlenderBot 3 is said to be the world’s first 175 billion-parameter, publicly available chatbot that comes complete with model ...
Amid reports of a possible sale, New Relic kicks off fiscal 2023 with strong earnings beat
New Relic Inc.’s management relieved some of the pressure the company is under today, delivering fiscal first-quarter financial results that came in above expectations. It followed up with strong guidance for the next three months, sending its stock higher in after-hours trading. The results came as the company announced it has hired David Barter to ...
Twilio beats expectations but its stock drops on weak outlook
Shares of Twilio Inc. fell in extended trading today after the company offered a weak outlook for its fiscal third quarter, despite beating expectations with its second-quarter results. The company reported a loss before certain costs such as stock compensation of 11 cents per share on revenue of $943.4 million, up 41% from the same ...
After beating Wall Street’s targets, Dropbox drops its full-year revenue forecast
File-sharing service provider Dropbox Inc. posted second-quarter financial results that beat expectations today, but it offered weak guidance for the next quarter and cut its full-year outlook amid what it described as “challenging macroeconomic conditions.” The company reported earnings before certain costs such as stock compensation of 38 cents per share, resulting in a net ...
Amplitude shows strong revenue growth and beats Wall Street’s expectations
Behavior tracking software firm Amplitude Inc. reported strong second-quarter results today that surpassed Wall Street’s expectations. It also offered some encouraging guidance for the next quarter, but its stock didn’t move much, having made impressive gains earlier in the day. The company reported a loss before certain costs such as stock compensation of eight cents ...
JFrog’s revenue jumps almost 40% as it beats Wall Street’s expectations
DevOps company JFrog Ltd. delivered solid second-quarter financial results today, beating Wall Street’s expectations, but its stock fell slightly in after-hours trading when it offered guidance for the next quarter that was only in line with analyst’s targets. The company reported a net loss of $23.7 million for the period, amounting to a loss before ...
Confluent reports strong revenue growth on rising demand for streaming data
Shares of the big-data company Confluent Inc. made sharp gains today after the company reported second-quarter financial results and guidance for the next period that came in ahead of expectations. The company reported a loss before certain costs such as stock compensation of 16 cents per share, with revenue coming to $139.4 million in the ...
Deep Instinct debuts a low resource malware scanning tool for data in-transit
Threat protection-focused startup Deep Instinct Ltd. announced a new offering today called Deep Instinct Prevention for Applications, claiming that it can safeguard any web application or cloud storage service from malicious content. Deep Instinct, which raised $43 million in funding back in February 2020, is the creator of a deep learning-based threat detection platform that ...