Mike Wheatley
Latest from Mike Wheatley
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 ...
Oracle misses on profit expectations as equity investments hurt income
Oracle Corp. today reported fiscal third-quarter revenue in line with forecasts and a profit that missed expectations because of what it said was the decline in value of two equity investments, but its profit and revenue guidance for the next three months remained higher than analysts’ forecasts. The report initially sent Oracle’s stock down more than ...
Self-learning autonomous driving AI startup Autobrains closes $120M Series C round
Autobrains, a company that’s developing self-learning artificial intelligence technology for assisted and autonomous driving systems, said today it has closed on a $120 million round of funding. The Series C round was led by Temasek and saw participation from existing investors Continental and BMW I Ventures, plus new investors Knorr-Bremse AG and VinFast. Autobrains, which ...
Amazon board approves 20-for-1 stock split and $10B share repurchase
Amazon.com Inc.’s board of directors today voted to approve a 20-for-1 stock split that will revalue the company’s shares. The split – the first in more than two decades – will take effect in June, subject to approval from shareholders at the company’s annual meeting in May. In addition, Amazon said its board has authorized ...
Couchbase’s stock crumbles after-hours on weak revenue guidance
Database company Couchbase Inc. delivered strong fiscal fourth-quarter financial results today, beating expectations, only to see its stock fall in after-hours trading on weak guidance. The company reported a loss before certain costs such as stock compensation of $12.7 million, or 22 cents per share, with revenue rising 19% from a year ago, to $35.1 ...