Mike Wheatley
Latest from Mike Wheatley
New Relic’s stock slips as it delivers wider-than-expected loss
Shares of the observability company New Relic Inc. fell in after-hours trading today after it delivered fiscal fourth-quarter earnings results that missed expectations and followed up with weak guidance. The San Francisco-based company reported a loss before certain costs such as stock compensation of 24 cents per share, amounting to a net loss of $55.5 ...
Aiven raises $210M in late-stage funding to expand its open-source expertise
Open-source software champion Aiven Ltd. said today it has closed on a bumper $210 million Series D round of funding, bringing its total amount raised to $420 million, at a valuation of more than $3 billion. Today’s late-stage round was led by Eurazeo, and joined by funds and accounts managed by BlackRock plus existing investors ...
Topping a raft of search improvements, Google Translate adds support for 24 more languages
Armed with a new artificial intelligence model, Google LLC is adding 24 more languages to its Google Translate app. The new supported languages, announced at the search giant’s I/O developer conference today, include dialects that are spoken by more than 300 million people across the world, the company said in a blog post. The most ...
Google Maps is getting an ‘Immersive View’ that’s like flying a low-altitude drone
Google Maps is getting a new feature called Immersive View that lets users experience a kind of drone-level aerial view of some of the world’s best-known cities. Google LLC Chief Executive Sundar Pichai said during his Google I/O 2022 keynote today that Immersive View relies on “billions of photos” and processes them with artificial intelligence ...
Google Cloud launches AlloyDB, a PostgreSQL-compatible database for mission-critical workloads
Google Cloud is looking to take on rivals such as Oracle Corp. and Amazon Web Services Inc. in the database arena with AlloyDB, a new, fully managed and PostgreSQL-compatible relational database service for top-tier workloads. Announced today at the Google I/O virtual conference, AlloyDB is built atop the open-source PostgreSQL database management system and powered ...
Pure Storage and Snowflake team up to offer rapid data analytics in the cloud
Pure Storage Inc. and Snowflake Inc. said today they’re working together to enable joint customers to take data that’s stored on-premises and analyze it in the cloud. Under the new initiative, companies that use Pure Storage’s arrays to store sensitive, on-premises data within their own corporate data centers will soon be able to connect those ...
IBM migrates more than 500 servers and 375 terabytes of data to SAP’s S/4HANA
IBM Corp. said today it’s migrating the bulk of its business processes to SAP SE’s S/4HANA enterprise resource planning software running on its own cloud infrastructure. The migration will see IBM shift more than 375 terabytes of data to IBM Power systems on Red Hat Enterprise Linux on IBM Cloud, tapping the expertise of its ...
Observe raises $70M to grow its data-fueled observability platform
Application observability provider Observe Inc. said today it has closed on a $70 million round of funding that brings its total amount raised to $114.5 million. The Series A-2 round, led by Sutter Hill Ventures, Capital One Ventures and Madrona Ventures, came as the company announced a series of key updates to its platform. Observe ...
GlobalFoundries delivers record profit and revenue
Contract chip manufacturer GlobalFoundries Inc. is riding high today, its stock up more than 4% in extended trading after reporting first-quarter earnings and profit that topped analysts’ forecasts as it reaps the benefit of ongoing industry shortages. The company reported earnings before certain costs such as stock compensation of 42 cents per share on revenue ...
Rackspace is looking to sell itself and exit the public markets, again
Rackspace Technology Inc. looks to be doing another U-turn. Less than two years after the company returned to the public market, it signaled today that it’s looking for a buyer for all or a part of its business. Rackspace helps enterprises design, build and operate cloud environments and manage services on platforms such as Amazon ...