Mike Wheatley
Latest from Mike Wheatley
Payment processing startup Marqeta is in talks to raise $250m
Digital payment processing company Marqeta Inc. looks to have gained some considerable momentum in recent months, if reports of its upcoming funding round are any indication. The company is all set to close on a huge $250 million Series E round of funding that will brings its valuation to about $1.9 billion. That’s a massive leap ...
Amazon reportedly testing new video ad service on its mobile app
Never one to shy away from a potentially lucrative new revenue stream, Amazon.com is reportedly looking at expanding its push into the $129 billion digital advertising market. The report comes from Bloomberg, which said Amazon is testing a new service that involves selling video advertising spots on its smartphone shopping app. The website cites people ...
Subscription management company Zuora’s stock plunges on lower guidance
Updated: Cloud subscription management services firm Zuora Inc.’s stock plunged more than 15 percent today in after-hours trading thanks to light guidance for its fiscal first quarter. Update: On Friday, shares ended up falling 14 percent. The drop came in spite of a decent fourth quarter for the company, which remains unprofitable after posting a ...
Report: Apple signs up Wall Street Journal for its upcoming paid news service
Apple Inc. has reportedly signed up the Wall Street Journal to its upcoming subscription news service, which is likely to be announced next week. The New York Times, which said it won’t be joining Apple’s service, reported that Apple and the Journal will announce their partnership at a media event scheduled to take place on March ...
Gartner says AI will assume 80% of all project management tasks by 2030
Project managers who are worried about the prospects of artificial intelligence one day stealing their jobs might do well to consider a career change as soon as they can. That’s because Gartner Inc. analysts predict that AI software will eliminate around 80 percent of all project management office or PMO tasks by 2030. That includes tasks such ...
Micron announces production cut as demand for its memory chips falls
Updated: Micron Technology Inc. says it can weather the storm of a sharp downturn in demand for its products. The company, which makes memory chips for data centers, reported lower-than expected guidance for its upcoming third quarter, but insisted that it will return to growth by the end of the year. That prediction came as Micron ...
Container storage outfit Portworx lands $27M funding round
Container storage company Portworx Inc. reckons it’s time to play with the big boys after landing a $27 million round of funding that almost doubles the total amount it has raised to date. The Series C round, led by Sapphire Ventures and the venture arm of the Mubadala Investment Co., with participation from Mayfield Fund, GE ...
Tencent follows other Chinese internet firms with major staff cutbacks
China’s Tencent Holdings is laying off about 10 percent of its senior managers as part of a major organizational restructuring plan, according to local media reports. The move is the latest in what appears to be a growing trend by Chinese internet giants to cut back on their workforces. Chinese news website 36kr cited unnamed ...
Google open-sources its Sandboxed API tools for isolating application processes
Google LLC has open-sourced a new tool for developers that lets them sandbox C and C++ libraries that run on Linux-based operating systems. Developed internally by Google, the Sandboxed API has been used in its data centers for several years already, the company said in a blog post Monday announcing the move. Google has made Sandboxed API available ...
Report: UiPath is discussing another massive funding at $6B+ valuation
UiPath Inc., one of the hottest companies in the fast-emerging robotic process automation market, reportedly is close to sealing another huge round of funding that could see its valuation soar beyond the $6 billion mark. UiPath has long been a magnet for venture capital, raising a total of $448 million in three rounds since 2017. Most ...