Mike Wheatley
Latest from Mike Wheatley
Report: Amazon is testing a new investment program for high-risk startups
Amazon.com Inc.’s public cloud computing business is launching a new pilot program that’s aimed at connecting venture capitalists with money-seeking tech startups that use its information technology infrastructure. Still nascent, Amazon Web Services Inc.’s Pro-Rata Program will focus on more risky startups, CNBC said in an exclusive report Friday. AWS has grown to become Amazon’s most profitable ...
Atlassian buys AgileCraft for its business project tracking software
Enterprise software company Atlassian Corp. Plc is trying to make itself more useful to its customers with the acquisition today of a startup called AgileCraft LLC that sells tools for tracking business projects. Atlassian said the deal is valued at $166 million, with about $154 million paid in cash and the rest through restricted shares. The ...
Pivotal Software takes a knock after missing on revenue guidance
Updated: Executives at Pivotal Software Inc. put on a brave face today despite seeing the company’s stock fall in after-hours trading thanks to guidance that came in lower than expectations. The software development platform maker had just closed out its first full year as a publicly traded company, but it still has a long way ...
Adobe delivers strong earnings but guidance falls short
Updated: Adobe Systems Inc.‘s shares fell Friday despite strong fiscal first-quarter financial results that beat expectations. The problem? Guidance for the next quarter that came up just short of estimates. The company, which sells software and services for creative artists and marketers, reported a profit before certain costs such as stock compensation of $1.71 per share on ...
Oracle posts strong earnings, but cloud progress still slow
Updated: Oracle Corp.’s shares took a small hit late today even though the database and business software giant posted better-than-expected quarterly results and guidance. The company reported a profit before certain costs such as stock compensation of 87 cents per share on revenue of $9.6 billion for its fiscal third quarter. That compared well with Wall Street’s ...
Service mesh company Buoyant lands $10M to take on Google’s Istio
Open source service mesh company Buoyant Inc. is trying to take on Google LLC after landing a $10 million investment that was led by none other than Google’s venture capital arm GV. Benchmark and A.Capital also participated in the round, which brings Buoyant’s total funding to $24 million since its founding in 2015. Buoyant is trying ...
Multimodel database company ArangoDB lands $10M in funding
Database startup ArangoDB GmbH says it has relocated its headquarters to the U.S. after landing a $10 million Series A round of financing. The Series A round was led by Bow Capital, with participation from existing investor Target Partners, and brings the company’s total funding to $17 million. Bow Capital’s adviser Murat Sönmez will take ...
Apple reveals it acquired an AI startup called Laserlike, likely to improve Siri
Apple Inc. reportedly acquired a startup last year called Laserlike Inc., which built software that uses machine learning to search the web for information and deliver personalized results to users. According to a report in The Information today, Apple confirmed that the acquisition, unnoticed until now, closed late last year. Apple is likely to integrate Laserlike’s technology with its digital ...
Big-data firm Cloudera crashes on lower earnings and guidance
Updated: Big-data company Cloudera Inc. saw its stock take a beating late Wednesday after posting a wider-than-expected loss for the quarter just gone. The company, which sells software based on Apache Hadoop and related technologies for data engineering, data warehousing, machine learning and analytics workloads, also came up short on its guidance for the next quarter and ...
MongoDB’s shares jump as it crushes earnings expectations
Update: Database company MongoDB Inc. crushed expectations today with blowout fourth-quarter earnings that sent its stock price soaring in after-hours trading. Several major technology firms have posted disappointing results in the current earnings season, but MongoDB went against the trend, easily beating forecasts on profit, revenue and guidance. The company, which sells a document-oriented database ...