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Big Data

Data fabric solutions startup Promethium raises $26M to scale up customer growth

By Duncan Riley Feb 8, 2022

Data fabric solutions startup Promethium Inc. announced today that it has raised $26 million in new funding to scale up new customer growth with additional hiring and build out its product. Insight Partners led the Series…

Big Data

M3ter exits stealth with $17.5M to help SaaS firms implement usage-based pricing

By Mike Wheatley Feb 8, 2022

London-based startup m3ter is exiting stealth mode today armed with $17.5 million in funding as it looks to tackle the challenge of usage-based pricing for software-as-a-service providers. Today’s round was led by Kindred Capital…

AI

Apple reportedly acquires UK startup AI Music

By Duncan Riley Feb 7, 2022

Apple Inc. has reportedly acquired AI Music, a startup that uses artificial intelligence to create tailor-made music. As is typical with companies that Apple acquires, there is no official confirmation or denial of the…

Policy

Peter Thiel announces he will step down from Meta’s board

By James Farrell Feb 7, 2022

After 17 years, the billionaire investor Peter Thiel says he’s leaving the board of Meta Platforms Inc., it was announced today. Thiel, who was born in Germany and went to the U.S. as a…

Infra

Nvidia’s $66B acquisition of Arm called off on regulatory concerns

By Duncan Riley Feb 7, 2022

Updated: Nvidia Corp.’s $66 billion deal to acquire Arm Ltd. has been called off, nixed by regulatory concerns. The companies, along with Arm owner SoftBank Group Corp., announced the collapse of the deal late…

Big Data

Teradata stock makes gains after-hours following strong earnings beat

By Mike Wheatley Feb 7, 2022

Big-data stalwart Teradata Corp.’s stock gained almost 7% in after-hours trading today after it reported fourth-quarter financial results that beat expectations on earnings and missed on revenue. The company reported a net profit of…

Cloud

Flexport raises $935M at $8B+ valuation for logistics management platform

By Maria Deutscher Feb 7, 2022

Logistics startup Flexport Inc. today announced that it has closed a $935 million late-stage investment at a valuation exceeding $8 billion. Andreessen Horowitz and MSD Partners led the Series E investment. Flexport previously raised…

Infra

Intel launches $1B fund focused on chip foundry ecosystem

By Maria Deutscher Feb 7, 2022

Intel Corp. is launching a $1 billion fund to invest in technologies and companies that can help customers of its chip foundry business bring new processors to market faster. The fund was announced this…

Cloud

Amazon more than doubles top base pay of corporate and tech workers

By Maria Deutscher Feb 7, 2022

Amazon.com Inc. has increased the maximum base pay of workers in corporate and technology roles to $350,000, more than double the $160,000 that it offered previously. The retail and cloud giant announced the move…

Security

Google Cloud protects VMs against cryptojacking with agentless threat detection service

By Mike Wheatley Feb 7, 2022

Google Cloud is expanding its Security Command Center service with the availability of Virtual Machine Threat Detection in public preview starting today. VMTD works by scanning virtual machine instances in Google Compute Engine to…

explore news

Apple reportedly acquires UK startup AI Music

Peter Thiel announces he will step down from Meta’s board

Nvidia’s $66B acquisition of Arm called off on regulatory concerns

Intel launches $1B fund focused on chip foundry ecosystem

Amazon more than doubles top base pay of corporate and tech workers

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