Mike Wheatley
Latest from Mike Wheatley
The French quantum computing startup Pasqal SE said today it has closed on a €100 million (around $108 million) round of funding led by Singapore-based investor Temasek. Other new investors such as the European Innovation Council Fund, Wa’ed Ventures and Bpifrance also …
Sumo Logic’s stock soars as private equity firms target it for acquisition
The publicly traded, cloud-based application monitoring software provider Sumo Logic Inc. has emerged as a potential acquisition target, attracting the interest of private equity firms Thoma Bravo, Vista Equity Partners and Francisco Partners, according to a report by The Information today. The …
KoreAI updates make it easier to build low-code chatbots with ChatGPT’s large language model
Kore.AI Inc., a provider of low-code artificial intelligence chatbot development tools, today announced a key upgrade to its platform. The new capabilities in its Experience Optimization Platform V10.0 will enable companies to leverage the kinds of large language models that power Open …
Quantum computing infrastructure startup Welinq raises €5M pre-seed funding
Welinq SAS, a French startup that’s building quantum interconnects based on neutral atom technology, said today it has raised €5 million ($5.4 million) in a pre-seed round of funding. The round was led by Quantonation, the first venture capital fund that’s dedicated …
Activist investor Elliott Management buys multibillion-dollar stake in Salesforce
Elliott Management Corp., the activist investor firm, has reportedly made a multibillion-dollar investment in Salesforce Inc. It’s a move that will likely pile the pressure on Salesforce Chairman and co-Chief Executive Marc Benioff (pictured) as he struggles to restart the company’s slowing …
Snowflake announces deal to buy SnowConvert, a database migration tool, from Mobilize Net
The cloud data warehouse giant Snowflake Inc. said today it has agreed a deal with Gap Mobilize Corp., which does business as Mobilize Net, to acquire its database migration tool SnowConvert. Although there are a number of third-party data duplication tools around …
Intel insists it will go ahead with construction of new German chip fab
Intel Corp. insists it remains committed to the construction of a new multibillion-dollar semiconductor manufacturing plant in Germany, just weeks after announcing the project was on pause. Intel Chief Global Operations Officer Keyvan Esfarjani told Reuters today that Intel still intends to build …
Data management startup Cloudian raises $60M and hires new chairman
Hybrid cloud data management firm Cloudian Inc. said today it has closed on a $60 million round of funding that brings its total amount raised to $233 million. The round was led by Digital Alpha and saw participation from Eight Roads Ventures …
Microsoft to cut thousands of engineering jobs, reports claim
Microsoft Corp. could become the latest technology giant to announce a significant number of layoffs, according to a report from Bloomberg today. The report cites a “person familiar with the matter” as saying that the fresh round of job cuts would be …
Nextdata launches to transform a vision of ‘data mesh’ into reality
Nextdata quietly emerged from stealth mode today, providing a glimpse of a company that intends to build technology to help organizations decentralize data at large scale. The goal of the firm is to realize the concept of the “data mesh” and its promise …