Mike Wheatley
Latest from Mike Wheatley
Cloud-native data analytics startup Sigma Computing Inc. has closed on an $80 million Series E funding round that doubles its valuation to $3 billion, almost a year to the day after its previous Series D raise. Today’s round was led by Princeville …
Redis debuts the much-needed memory layer for enterprise AI agents
Artificial intelligence agents have a memory problem and now Redis Inc., the database management startup, is trying to fix that with its new, real-time Context Engine. As the company explains, it’s all about helping enterprise AI agents move beyond simply chatting to …
Multiplayer AI startup Dust raises $40M to help enterprises move beyond isolated AI assistants
Dust, an agentic artificial intelligence startup that’s trying to push enterprise workers away from isolated chatbots into a more collaborative, multiplayer ecosystem, said today it has raised $40 million in a Series B round of funding. Today’s round was led by Abstract …
OpenAI reportedly mulls taking Apple to court over ChatGPT’s Siri integration
OpenAI Group PBC has reportedly become so upset with Apple Inc. over its poor handling of the ChatGPT-Siri integration that it’s now exploring legal action against the company. A report by Bloomberg today said the company is dismayed that the partnership failed …
Applied Materials boosts its outlook as AI chipmakers scramble to add more production capacity
Chipmaking equipment giant Applied Materials Inc. is expecting stronger sales this year compared with what it originally forecast, thanks to surging demand for artificial intelligence chips. The company offered bullish guidance for the current quarter after delivering earnings and revenue in its …
Data center cooling tech startup Iceotope aims to scale after raising $26M
Liquid cooling system startup Iceotope Technologies Ltd. said today it has closed on a $26 million Series B round of funding as it strives to accelerate the adoption of its data center-focused hardware. Two Seas Capital and Barclays Climate Ventures co-led the …
British inference chip startup Fractile bags $220M to accelerate token consumption
U.K.-based artificial intelligence inference chip startup Fractile Ltd. said today it has closed on a $220 million Series B round of funding. The company was founded in 2022 by the Oxford University-trained chip engineer Walter Goodwin (pictured), who serves as its chief …
Cerebras stock jumps 68% from initial offering price after the biggest tech IPO in years raised $5.5B
Updated with opening stock price: Cerebras Systems Inc. today opened trading as a public company at $350 a share, 89% above its offering price, as it kicked off what looks like a huge year for initial public offerings. The enthusiastic reception among investors …
Rising AI demand lifts Cisco to another earnings and revenue beat – and a 20% stock pop
Shares of the networking giant Cisco Systems Inc. soared 20% in extended trading today after it reported solid third-quarter earnings and revenue numbers and announced a new round of job cuts, saying it will cut fewer than 4,000 jobs, representing less than …
Celonis buys decision-intelligence startup Ikigai Labs to provide operational context for enterprise AI
Process mining software company Celonis SE said today it has snapped up the Massachusetts Institute of Technology-linked decision intelligence startup Ikigai Labs Inc., planning to use it to power a new “context model” developed by Celonis that’s designed to function as a real-time …