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Big Data

Sumo Logic’s stock soars on strong earnings beat and guidance

By Mike Wheatley Dec 5, 2022

Shares of Sumo Logic Inc., which sells an analytics-based platform for application performance management and observability, rose more than 11% in extended trading today after beating Wall Street’s expectations with its third-quarter results. and…

AI

AI-based management platform startup Operative Intelligence raises $3.5M

By Duncan Riley Dec 5, 2022

Artificial-intelligence-based operational management platform startup Operative Intelligence Pty. Ltd. disclosed today that it has raised $3.5 million in new funding to scale up its customer intelligence product capabilities. The seed round was led by Bonfire Ventures,…

Cloud

Q&A: T-Mobile creates digital commerce platform with ‘headless APIs’ for cloud-native platform

By Teryn O'Brien Dec 5, 2022

T-Mobile USA Inc., who has branded itself as the “un-carrier,” is now poised to be a leader in the U.S. in telephone communications. The telco has done this by creating a digital commerce domain that…

Security

Chinese government-linked hacking group allegedly stole $20M in COVID relief funds

By Duncan Riley Dec 5, 2022

A hacking group linked to the Chinese government is alleged to have stolen more than $20 million in COVID relief benefits, including U.S. Small Business Administration loans and unemployment funds in more than a…

Cloud

GitLab’s stock jumps 20% on solid earnings beat and positive guidance

By Mike Wheatley Dec 5, 2022

Shares of DevOps company GitLab Inc. went into orbit in today’s extended trading session thanks to quarterly results and guidance that easily beat Wall Street’s expectations. GitLab’s stock had declined more than 7% during…

Apps

MongoDB empowers developers to build smart applications through search and analytics

By Brian Njuguna Dec 5, 2022

In the enterprise world, developer productivity has emerged as a proxy for innovation. By bringing the data and application stacks together, MongoDB Inc. offers developers the opportunity to build smart applications that embed analytics…

Cloud

Cohesity’s CEO pays close attention to CIO priorities as cloud continues to disrupt enterprise software

By Mark Albertson Dec 5, 2022

In its forecast for what to expect in the cloud industry during 2022, SiliconANGLE Media predicted that Amazon Web Services Inc. was unlikely to enter the software-as-a-service business and offer applications. Based on news…

Cloud

Startups find support to grow through AWS global go-to-market program

By Mark Albertson Dec 5, 2022

During AWS re:Invent in Las Vegas last week, CEO Adam Selipsky noted that out of 1,200 global unicorns, 83% of privately held startup companies with valuations over $1 billion run on his company’s platform.…

Security

Balance Theory raises $3M for its cybersecurity collaboration platform

By Maria Deutscher Dec 5, 2022

Balance Theory Inc., a startup with a platform that companies can use to store technical data about their cybersecurity systems, has raised a $3 million seed funding round. The company announced the funding round this…

Cloud

Slack CEO Stewart Butterfield to step down in January

By Maria Deutscher Dec 5, 2022

Slack Technologies LLC co-founder and Chief Executive Officer Stewart Butterfield will leave the team collaboration provider next month. The news was first reported by Insider this morning. Following the report, Slack parent company Salesforce…

explore news

Sumo Logic’s stock soars on strong earnings beat and guidance

AI-based management platform startup Operative Intelligence raises $3.5M

Chinese government-linked hacking group allegedly stole $20M in COVID relief funds

Balance Theory raises $3M for its cybersecurity collaboration platform

Slack CEO Stewart Butterfield to step down in January

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