Mike Wheatley
Latest from Mike Wheatley
AI chatbot startup Kore.ai extends Series C funding round with backing from Nvidia
Conversational artificial intelligence startup Kore.ai Inc. said today it has extended its Series C funding round to $73.5 million following a further investment from Nvidia Corp. The company had originally raised $50 million in the round, which was announced in September and led by Vistara Growth and PNC. So the implication is that Kore.ai has ...
Zoom’s stock falls despite strong revenue and customer growth
Video call software firm Zoom Video Communications Inc. posted another strong earnings report today, thanks to its expanding customer base. The company also offered healthy guidance for the next three-month period, but it wasn’t enough to satisfy investors, as its stock fell more than 6% in extended trading. The company reported a profit before certain costs ...
Red Hat OpenShift Data Science aims for more open approach to machine learning development
Linux company Red Hat Inc. is trying to encourage more people to create their machine learning models on its OpenShift platform with the launch of its new Red Hat OpenShift Data Science service today. Red Hat OpenShift is a Kubernetes platform that helps companies orchestrate large clusters of software containers that host the components of modern ...
VMware brings its Cross-Cloud services for multicloud app development to AWS
Computing virtualization software firm VMware Inc. is pushing harder into multicloud with the expanded availability today of its Cross-Cloud services via Amazon Web Services Inc.’s cloud marketplace. VMware launched its Cross-Cloud services at last month’s VMWorld 2021 conference. VMware Cross-Cloud is a group of integrated services including the VMware Tanzu application modernization tools and Carbon Black ...
With strong earnings, Palo Alto Networks offers bullish guidance for the rest of the year
Network management and security firm Palo Alto Networks Inc. delivered solid fiscal first-quarter financial results today, beating expectations on profit and meeting them on sales while upping its fiscal 2022 guidance. The company reported a profit before certain costs such as stock compensation of $1.64 per share. Revenue came to $1.2 billion, up 32% from ...
Workday buys contractor management platform VNDLY, delivers strong earnings but stock falls
Workday Inc. said today it’s buying a company called VNDLY Inc. for $510 million in cash to improve its suite of enterprise human resources management tools. The acquisition came as the company beat forecasts for its third-quarter financial results, though that didn’t help prevent the company’s stock from sliding in extended trading. VNDLY is a ...
Craft.io raises $8M in early funding for software product design and management tools
Software product management platform startup Craft.io Ltd. has topped up its bank balance to the tune of $8 million after closing on a new round of funding. The Series A round was led by JAL Ventures and included new investor Fosun RZ Capital as well as existing investors Inimiti and Ron Zuckerman. Craft.io’s digital product ...
DataCore acquires MayaData to solve the software container data conundrum
Software-defined storage firm DataCore Software Corp. is looking to address the challenges around container storage with the acquisition of a startup called MayaData Inc. announced today. MayaData is an emerging player in Kubernetes storage. The company leads the open-source OpenEBS project, which is a cloud-native storage platform that provides persistent and highly scalable block storage ...
Lightbend enables serverless deployment for more apps with Akka Serverless
Cloud-native microservices company Lightbend Inc. announced the general availability of its Akka Serverless platform-as-a-service offering today in a move it says will make serverless computing more accessible for data-hungry applications. Akka Serverless debuted in beta in June, with Lightbend proclaiming that it will set a new standard for serverless application development by eliminating the need for ...
Customer engagement firm Braze valued at $8B following strong IPO
Customer engagement software company Braze Inc. enjoyed a strong debut on the public markets today with its share price opening 34% above its marketed range to value the company at almost $8 billion. Braze said it sold 8 million shares in its initial public offering along with certain selling stockholders, raising $520 million in the ...