Mike Wheatley
Latest from Mike Wheatley
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …