Mike Wheatley
Latest from Mike Wheatley
Arm rival SiFive raises $175M to accelerate development of its alternative RISC-V chip architecture
SiFive Inc., a computer chip startup that’s developing processor technology based on the open-source RISC-V instruction set architecture, said today it has raised a hefty $175 million in a late-stage round of funding. The Series F round brings its value to more than $2.5 billion. It was led by Coatue Management, with participation from Ibex Investors ...
Taplytics debuts DevCycle, a feature flagging platform for DevOps teams
A/B testing platform startup Taplytics Inc. said today it has landed $5 million in funding to scale up its new DevCycle product, which it says is the the DevOps industry’s first feature management suite for product engineering teams. Taplytics believes its new feature management platform will a critical element of DevOps, where software development teams ...
Accenture identifies four trends shaping the ‘metaverse continuum’ and the future of work, play and learning
Accenture Plc today highlighted four emerging trends that it believes will come together to shape the “Metaverse Continuum,” which it defines as a “spectrum of digitally enhanced worlds, realities and business models” that are poised to revolutionize life and enterprise in the next decade. Accenture says the metaverse is an evolving and expanding continuum that ...
Adobe announces creative AR/VR tools for building the metaverse
Creative software designer Adobe Inc. said today it wants to provide the tools creators need to build new and immersive 3D worlds in the metaverse. The company believes the metaverse is a space that will increasingly blur the distinction between digital and physical worlds, and it wants designers to use its tools to build it. ...
Run:ai raises $75M to grow its AI workload virtualization platform
Run:ai Labs Ltd., a startup that’s built a unique virtualization infrastructure to speed up artificial intelligence model training, said today it has raised $75 million in a new round of funding after growing its annual recurring revenue almost 10 times in the last year. Tiger Global Management and Insight Partners led today’s Series C round, ...
MongoDB doubles down on AWS partnership to boost cloud database adoption
Database pioneer MongoDB Inc. announced today it’s expanding its multiyear alliance with Amazon Web Services Inc. for another six years. The partnership seeks to advance adoption of its cloud database MongoDB Atlas through developer enablement and training, an increased focus on free trials and integrated go-to-market activities. MongoDB, which is led by its Chief Executive ...
GitLab’s stock makes gains after posting solid earnings results
DevOps darling GitLab Inc. delivered fiscal fourth-quarter financial results and guidance that came in above expectations today, sending its stock higher in extended trading. The company reported a net loss of $23.2 million for the quarter, just under the $24 million loss it posted a year ago. Its loss before certain costs such as stock ...
Following weak guidance, Coupa Software’s stock crumbles in extended trading
Coupa Software Inc. took a beating today, its stock plunging more than 26% in after-hours trading, adding to a 9% drop in the regular session, following its fiscal fourth-quarter earnings report. Coupa sells payment management software covers procurement, invoicing, sourcing and business expenses. Its software sits alongside enterprise resource planning software in the larger financial ...
HashiCorp beats expectations in first quarterly earnings report since going public
HashiCorp Inc., the information technology automation firm that went public in December, delivered encouraging results today in its first earnings report as a publicly traded company. The company reported a fourth-quarter loss before certain costs such as stock compensation of 24 cents per share on revenue of $96.5 million, up 56% from the same period one ...
DocuSign’s stock plunges on weak revenue guidance
Shares of DocuSign Inc. fell quite dramatically in extended trading today even after its fourth-quarter earnings met estimates and revenue beat expectations. What shook investors was its guidance for the next quarter and fiscal year, which came in well below what analysts were looking for, raising fears that its COVID-19-related growth is fading. The company ...