Mike Wheatley
Latest from Mike Wheatley
EnCharge raises $100M to accelerate the rollout of its energy-efficient edge AI chips
A specialist artificial intelligence chipmaker called EnCharge AI Inc. said today it has closed on a more than $100 million Series B round of funding, bringing its total amount raised to date to more than $144 million. The company says it will use the funding to accelerate the commercialization of its first client computing AI ...
Cloud storage optimization startup Lucidity raises $21M
Lucidity.cloud Ltd., an Indian startup that helps automate multicloud storage management, said today it has raised $21 million in an early-stage funding round, following rapid growth over the last year. Today’s Series A round was led by WestBridge Capital and saw participation from existing investor Alpha Wave. It brings the startup’s total funding to $31 ...
Shares of Fastly fall hard and fast on earnings miss and weak guidance
Fastly Inc., the cloud-based edge infrastructure and content delivery network provider, delivered mixed fourth-quarter earnings results and weak guidance today, and its stock plummeted like a stone in extended trading. The company reported a loss before certain costs such as stock compensation of three cents per share, falling short of Wall Street’s target of break-even ...
Cisco delivers solid earnings and revenue beat, boosting its stock
Cisco Systems Inc.’s profit engines are ticking over nicely as it continues to reap the benefits of artificial intelligence demand. The company today posted a solid earnings and revenue beat, following up with strong guidance to boost its stock more than 6% in extended trading. The networking hardware and software giant reported second-quarter earnings before certain ...
Glean Technologies jumps into no-code agentic AI development with Glean Agents
Glean Technologies Inc., the creator of a powerful generative artificial intelligence-powered enterprise search application, is expanding into “agentic AI” territory with the launch of its new Glean Agents platform. Unlike other agentic AI platforms, it allows enterprise workers to create what Glean calls “horizontal” AI agents that can access broad data from across the entire ...
Supermicro forecasts crazy revenue growth for fiscal 2026, boosting its stock
Shares of the data center server maker Super Micro Computer Inc. jumped 9% in extended trading today after it forecast some insane revenue growth for fiscal 2026, citing rising demand for its artificial intelligence hardware. The after-hours jump reversed a selloff that had sent Supermicro’s stock down 8% during the regular trading session earlier today. ...
Confluent’s cloud growth engines keep on firing, sending its stock soaring
Big-data streaming software provider Confluent Inc. posted solid financial results and strong guidance for the current quarter, and announced a key new partnership with Databricks Inc. today, sending its stock soaring more than 14% in extended trading. The company reported fourth-quarter earnings before certain costs such as stock compensation of nine cents per share, surpassing Wall ...
Shares of Teradata sink on missed revenue and soft guidance
Shareholders bailed on the big-data analytics company Teradata Corp. today after it delivered fourth-quarter revenue that came up short of analysts’ expectations and offered weak guidance for the three months ahead. The company reported earnings before certain costs such as stock compensation of 53 cents per share, beating the analyst forecast of 44 cents per ...
QuEra Computing raises $230M+ funding led by Google to accelerate error-corrected quantum computing
QuEra Computing Inc. said today it has secured more than $230 million in funding to accelerate its goal of advancing error-corrected quantum computers. Today’s round was backed by Google LLC’s Quantum AI business unit and participants such as the SoftBank Vision Fund and Valor Equity Partners, as well as existing backers such as QVT Family ...
NXP buys Kinara for $307M to power AI workloads at the network edge
The Dutch chipmaker NXP Semiconductors N.V. has extended its spending spree by splurging $307 million on a deal to buy Kinara Inc., a California-based startup that develops neural processing units for artificial intelligence workloads at the network edge. Today’s deal comes just over a month after NXP splashed out $625 million to acquire the autonomous ...