Mike Wheatley
Latest from Mike Wheatley
Axelera brings its low-powered RISC-V chips to Arduino’s miniature computers to run AI at the edge
Edge artificial intelligence chip startup Axelera AI B.V. today revealed it’s partnering with Arduino s.r.l., a maker of specialized, open-source microcontroller boards, to support companies trying to implement high-performance artificial intelligence workloads at the network edge. The partnership will make edge AI more accessible, enabling companies to perform inference on low-powered chips installed at any ...
Keepit keeps raising money, closing on $50M in its latest funding round
Denmark-based cloud-native data protection and backup company Keepit A/S said today it has closed on its biggest funding round yet, raising $50 million. The round was led by One Peak and the Export and Investment Fund of Denmark, and brings Keepit’s total venture capital raised to about $90 million. The money came via three rounds, ...
Databricks reportedly closing on $9.5B mega funding round
Big data software specialist Databricks Inc. is reportedly closing on what Reuters described Friday as “one of the largest venture capital funding rounds in history.” The company is said to be engaged in talks with investors over a twice oversubscribed funding round that could add more than $9.5 billion to its balance sheet. The amount far ...
Meta Platforms joins forces with Elon Musk to try to block OpenAI’s for-profit transition
Meta Platforms Inc. has joined Elon Musk in his efforts to derail OpenAI’s plans to convert itself into a for-profit company. On Friday, the Wall Street Journal reported that Meta had penned a letter to California Attorney General Rob Bonta, arguing that by allowing the artificial intelligence firm to become a for-profit company, it would ...
Embedded analytics startup Embeddable raises €6M in seed funding
London-based startup Embeddable, whose software makes it easy to embed interactive, customer-facing analytics within any application, said today has closed on a €6 million ($6.28 million) seed funding round. The company, officially known as TMD Technology Ltd., said today’s round was led by OpenOcean, one of the top venture capital firms in Europe, and saw ...
Gigs gets $73M in funding to help any company spin up a mobile network offering
Gigs AG, a company that has built a kind of operating system for mobile services, said today it has closed on a $73 million round of funding. The Series B round was led by Ribbit Capital and saw participation from existing investors including Google’s Gradient Ventures, Y Combinator and Speedinvest. Founded in 2020, Switzerland-based Gigs ...
Shares of Broadcom jump on rising AI chip sales and ‘massive opportunity’ for more
Shares of the computer chipmaker Broadcom Inc. made big gains in after-hours trading after the company reported a solid earnings beat and said its artificial intelligence revenue tripled from a year earlier. Broadcom Chief Executive Hock Tan (pictured) told analysts that the company is working with three so-called hyperscalers, or big cloud service providers, helping ...
Digital accessibility design startup Evinced raises $55M
Website and mobile application accessibility startup Evinced Inc. said today it has closed on its biggest funding round to date, raising $55 million. The Series C round was led by Insight Partners and saw participation from previous backers such as M12, BGV, Capital One Ventures and Engineering Capital, as well as a new investor in ...
Report: Apple working with Broadcom to develop custom chipset for AI
Apple Inc. is reportedly working with Broadcom Inc. on the development of a customized server processor that will power the artificial intelligence features built into the iPhone maker’s iOS operating system. A report from The Information cites three unnamed sources as saying that the project has been given the codename of “Baltra.” It’s slated to ...
Optical chip interconnect startup Ayar raises $155M to bring light to AI workloads
Ayar Labs Inc., a startup that’s developing optical interconnects that can transmit data between computer chips via light, said today it has closed on a hefty late-stage $155 million funding round led by Advent Global Opportunities and Light Street Capital. Also participating in the Series D round was a veritable Who’s Who of the industry’s leading ...