Mike Wheatley
Latest from Mike Wheatley
UiPath’s stock slides despite a solid first post-IPO earnings report
Automation technology platform company UiPath Inc. saw its stock take a beating in after-hours trading today after its first quarterly earnings call following an initial public offering in late April. That came despite a strong performance in which UiPath beat expectations on revenue, post a surprise profit versus an expected loss. It also threw in a ...
AI transcription startup Verbit.ai becomes a unicorn with $157M funding round
Artificial intelligence-powered transcription and captioning platform provider Verbit Software Ltd. has risen to “unicorn” status after landing a $157 million round of funding. Sapphire Ventures led the Series D round, announced today, with participation from new investors such as Third Point, More Capital, Lion Investment Partners and ICON Fund, as well as existing investors Stripes, ...
Dell announces new AMD-based Integrated Systems for Azure Stack HCI
Dell Technologies Inc. is expanding the capabilities of its Dell EMC Integrated Systems for Microsoft Azure Stack HCI with the launch of new Advanced Micro Devices Inc.-based configurations that can handle more exotic workloads. The new systems also feature some updates on the software side that help automate provisioning and delivery. The Dell EMC Integrated ...
Snowflake brings programmability and governance to its Data Cloud
Cloud data warehouse darling Snowflake Inc. today is expanding its Data Cloud with new platform features focused on data programmability and governance. The aim is to help customers bring even more information into their Snowflake Data Clouds as a means of obtaining more valuable business insights. At the same time, the company is expanding its Data ...
NetApp simplifies hybrid cloud data management with ONTAP updates
NetApp Inc. said today it’s updating its ONTAP data management software with new capabilities and features that it says will centralize and simplify data administration across hybrid cloud environments. The company also announced updates to some of its key products powered by ONTAP, including its FlexPod converged infrastructure and its highly scalable object store, called ...
IBM is teaching AI models to express how confident they are about their decisions
IBM Corp. wants to make artificial intelligence models more reliable by giving them the ability to express when they’re not sure of something. The problem IBM is trying to tackle is that AI systems are sometimes too confident for their own good, and that means they make predictions that can be extremely unreliable in certain ...
Cisco Webex to gain new audience engagement capabilities and more
The evolution of Cisco Systems Inc.’s Webex video call and collaboration platform is gathering speed as the company prepares to cater to the so-called “hybrid work era” that will see more people work from home as a matter of course. The company said in today’s announcement that it believes the remote interactions ushered in by ...
Oracle shows off more ‘Always Free’ cloud resources for developers
Oracle Corp. has massively expanded the number of “Always Free” services it offers to developers, as part of an effort to encourage more people to try out its Oracle Cloud Infrastructure platform. Oracle Cloud Infrastructure is the company’s main infrastructure-as-a-service offering that provides computing resources such as servers, storage, networking and applications from its global ...
ID verification startup Trulioo raises $394M in late-stage funding
Identity verification provider Trulioo Inc. is feeling a lot richer today after securing $394 million in a late-stage round of funding. TCV led the Series D round, with participation from existing investors Amex Ventures, Citi Ventures, Blumberg Capital and Mouro Capital. Vancouver-based Trulioo sells a digital identity and address verification platform that works for both ...
PagerDuty beats Street with strong revenue growth but its stock falls on lower guidance
Incident response platform company PagerDuty Inc. suffered an after-hours beating today as its stock fell despite some encouraging financial results. The company reported a fiscal first-quarter loss before certain costs such as stock compensation of eight cents per share on revenue of $63.6 million, up 28% from a year earlier. That was better than expected, ...