Mike Wheatley
Latest from Mike Wheatley
Warehouse robotics firm Berkshire Grey raises $263M in new funding
Robotics company Berkshire Grey Inc. has closed on a massive $263 million funding round announced today that underscores how lucrative the market for warehouse automation could be in the coming years. SoftBank Group Corp. led the Series B round, in which Khosla Ventures, New Enterprise Associates and Canaan also participated. Berkshire Grey, which emerged from stealth in ...
Developer-first security firm Snyk raises $150M funding round
U.K cybersecurity startup Snyk Ltd. is the latest tech “unicorn” after bagging $150 million in a funding round led by New York-based growth equity firm Stripes. The Series C funding, announced today, brings Snyk’s total amount raised to date to $250 million and puts its value north of $1 billion, cementing its unicorn status. Founded in 2015, ...
Canonical debuts Anbox Cloud for highly scalable Android apps
Canonical Ltd. has come up with a way to distribute compute-intensive applications from the cloud so they can run seamlessly on low-powered Android devices. The solution, announced early today, is a platform called Anbox Cloud. It uses Android as a guest operating system to containerize workloads so they can easily be distributed from the cloud, where ...
Huawei strikes deal with TomTom to use its map services
China’s Huawei Technologies Co. Ltd. is working with the Dutch mapping company TomTom N.V. to put maps and location services on its smartphones, Reuters reported Friday. Huawei has been banned from using parts of Google LLC’s Android operating system on its most recent phones after being placed on an “Entity list” by the U.S. Department of ...
Report: Intel planning layoffs in its Data Center Group
Semiconductor giant Intel Corp. is reportedly laying off a significant number of staff within its key Data Center Group as it looks to reorganize the business unit. Industry publications SemiAccurate and AnandTech reported Friday that the planned cuts could see between 25% and 33% of staff within Intel’s Data Center Group losing their jobs. Intel has predictably ...
Toyota leads $590M funding round in flying taxi startup Joby Aviation
Toyota Motor Corp. is the lead investor in a massive $590 million funding round announced today for Californian-based aerospace company Joby Aviation, which is aiming to bring “flying taxis” to American skies within the next few years. Existing investors Toyota AI Ventures, Intel Capital, Sparx Group, Capricorn Investment Group, JetBlue Technology Ventures and AME Cloud Ventures, and ...
Tesla to open R&D center in China later this year
Electric vehicle maker Tesla Inc. is looking to hire some local talent in China to staff a new research and development center it will build in Shanghai. The announcement today comes just days after Tesla shipped its first locally made Model 3 vehicles in China. The new R&D center will enable Tesla Chief Executive Officer Elon ...
Google parent Alphabet tops $1T market capitalization
Google LLC’s parent company Alphabet Inc. became the fourth U.S. firm to hit a $1 trillion market capitalization today, Reuters reported. Alphabet now joins Apple Inc. and Microsoft Corp. as one of three American firms worth more than $1 trillion. Apple hit the milestone in June 2018 and currently has a market value of $1.4 ...
Google announces Premium Support plan for cloud customers
Keeping up its push to get more large enterprises to use its cloud, Google LLC today announced a new Premium Support plan for enterprises running mission-critical workloads on its cloud infrastructure. Google said the cost of the Premium Support plan will be based on each customer’s monthly spend, but it certainly won’t be cheap: Prices start ...
Gartner forecasts worldwide IT spending will hit $3.9T this year
Gartner Inc. says global spending on information technology will rise to $3.9 trillion in 2020, up just a hair from $3.8 trillion last year, driven chiefly by enterprises buying more cloud software and the end of support for Microsoft Corp.’s Windows 7 operating system. But some parts of the massive budget are growing much faster. ...