Mike Wheatley
Latest from Mike Wheatley
Pinecone raises $28M to revolutionize unstructured data search with AI
Serverless vector database startup Pinecone Systems Inc. is repositioning itself as a search infrastructure technology provider, having just announced closing on a $28 million round of early-stage funding today. Today’s Series A round was led by Menlo Ventures and included the participation of new investor Tiger Global and previous backers such as Wing Venture Capital, ...
Celonis buys data process mining rival Process Analytics Factory
German data process mining software firm Celonis GmbH made a key acquisition today, buying a rival in the market called Process Analytics Factory GmbH for an undisclosed fee. Celonis said the acquisition will make it easy for millions of users of Microsoft Corp.’s Power Platform to tap its Execution Management System and increase the efficiency ...
Cloud sales lift data center hardware and software spending to new heights
Public cloud infrastructure giants such as Amazon Web Services Inc., Microsoft Corp. and Google LLC have given data center sales a big boost over the last year, helping drive increased profits at manufacturers such as Dell Technologies Inc. and Cisco Systems Inc. Over the last 12 months, they have spent billions of dollars to kit ...
IonQ delivers first earnings report since going public
Quantum computing company IonQ Inc. delivered its first quarterly financial results since going public today, beating Wall Street’s estimates on revenue. The company reported a net loss in the fourth quarter of $106.2 million, or 39 cents per share. Revenue for the period came to $1.65 million, higher than its own forecast of $900,000 in ...
Low-latency 5G LAN network provider Celona raises $60M in Series C round
The private mobile network operator Celona Inc. announced today it has raised $60 million in a new round of funding to build out its fully integrated 5G local area network system for enterprise companies. Today’s Series C round was led by Digital Bridge, with participation from existing investors including Lightspeed Venture Partners, Norwest Venture Partners, ...
Indico Data’s latest release helps businesses do more with unstructured data
Indico Data Solutions Inc., a provider of artificial intelligence-powered tools for process automation, today announced a major upgrade to its Unstructured Data Platform. Indico has created a platform that’s used primarily by customers in the insurance, financial services and healthcare industries to automate the intake and analysis of documents and image-based data. The platform ingests ...
Nvidia’s Instant NeRF creates super-realistic 3D renderings from a few photos in seconds
Nvidia Corp. today showed off yet another example of its artificial intelligence prowess, unveiling a neural rendering model that can create a 3D environment from a handful of 2D photos in just seconds. The Instant NeRF model revealed today uses a technique known as “inverse rendering” that relies on AI algorithms to approximate how light ...
SoftBank preps Arm IPO, seeking a $60B valuation
Having seen Arm Ltd.’s proposed sale to Nvidia Corp. collapse last month amid regulatory concerns, its parent company SoftBank Group Corp. is eyeing a $60 billion valuation as it prepares to take the chip designer public, reports say. A report in Bloomberg today said SoftBank is poised to hire Goldman Sachs Group Inc., JPMorgan Chase ...
Digits raises $65M to bring live financial reporting to smaller businesses
Real-time accounting software startup Digits Finance Inc. said today it has raised $65 million in a Series C round of funding led by Softbank, with participation from Harry Stebbing’s 20VC Growth, GV and Benchmark. The round brings Digit’s total amount raised to $97.5 million, while its valuation has soared to $565 million. Digits announced the ...
Apple buys UK open banking tech startup Credit Kudos
Apple Inc. has reportedly acquired the U.K. open banking firm Credit Kudos Ltd., a company that helps banks do credit scoring, for around $150 million. Credit Kudos sells software that helps banks to make smarter decisions on whom to lend money to. Its software provides insights and scores for consumers based on transaction and loan ...