Mike Wheatley
Latest from Mike Wheatley
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 ...
Adobe’s weak forecast stokes fears of AI disruption, sending its stock lower
Investors sent shares of Adobe Inc. into a tailspin today after the maker of Photoshop could offer only a light forecast for the coming quarter and full year. The company said it’s looking for fiscal first-quarter revenue of between $5.63 billion and $5.68 billion, which is some way below Wall Street’s consensus estimate of $5.72 billion. ...
AIMon raises $2.3M to combat AI hallucinations
Aimon Labs Inc., the creator of an autonomous “hallucination” detection model that improves the reliability of generative artificial intelligence applications, said today it has closed on a $2.3 million preseed funding round. The money comes from Bessemer Venture Partners and Tidal Ventures, who co-led the round, along with a number of angel investors, including Thumbtack ...
Stigg raises $17.5M to simplify SaaS platform and feature pricing models
Unified monetization platform startup Stigg Inc. says it’s ready to help businesses implement more dynamic and flexible pricing strategies after closing on a $17.5 million early-stage round of funding today. The Series A round was led by Red Dot Capital Partners and saw participation from Unusual Ventures, Emerge Ventures, Cerca Partners and Redseed, and adds ...
Stainless Software gets $25M in funding to bring AI-generated SDKs to developers
Stainless Software Inc., which uses artificial intelligence to help companies quickly create software development kits for their applications and services, said today it has raised $25 million in an early-stage round of funding. Today’s Series A round was led by Andreessen Horowitz. It included participation from existing investors such as Sequoia and The General Partnership, ...
Aampe raises $18M to scale consumer app personalization with AI agents
Digital product personalization startup Aampe Inc. said today it has closed on an $18 million early-stage funding round that brings its total amount raised to date to $27.3 million. Theory Ventures and Z47 were the only investors named in the Series A round. Aampe is the creator of an agentic artificial intelligence infrastructure that’s designed ...
Hyperbolic launches cloud-hosted GPU marketplace after raising $12M in funding
Hyperbolic Labs Inc., creator of an open access compute cloud for artificial intelligence workloads and inference services, said it’s launching its GPU marketplace today after closing on a $12 million strategic funding round. Variant and Polychain Capital led the round, and Chapter One, Lightspeed Faction, IOSG, Vertex, GSR, Wintermute Ventures, Blockchain Builders Fund, Alumni Ventures and ...
WaveForms AI raises $40M in seed funding to create more empathetic AI voices
A startup called WaveForms AI is looking to transform audio-based artificial intelligence interactions after closing on a bumper $40 million seed funding round. Today’s round was led by Andreessen Horowitz and values WaveForms AI at a staggering $200 million right off the bat. The investment doesn’t just underline the confidence in the startup, but also ...
MongoDB crushes Wall Street’s targets and boosts annual forecast but stock sags
MongoDB Inc. smashed Wall Street’s earnings and revenue targets out of the park and raised its full-year outlook, but the solid performance failed to excite investors, and its stock sagged 2% after-hours. The database company reported third-quarter earnings minus onetime items of $1.16 per share, cruising past the Street’s target of 67 cents. Meanwhile, its ...
Oracle’s rampant cloud growth wasn’t enough for Wall Street, and its stock slides after-hours
Oracle Corp.’s impressive rate of cloud revenue growth wasn’t enough to offset declines elsewhere in its business, and its stock headed lower in late trading after the company missed Wall Street’s earnings and sales targets. The database company reported fiscal 2205 second-quarter earnings before certain costs such as stock compensation of $1.47 per share, falling ...