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Cloud

Employee management software startup Rippling raises $145M on unicorn valuation

By Duncan Riley Aug 4, 2020

Employee management software startup Rippling today said it has raised $145 million in new funding on a valuation of $1.35 billion, giving it unicorn status for the first time. The new funding will be used…

Apps

New Relic stock plunges as it warns of ‘near term’ revenue hit from product shift

By Mike Wheatley Aug 4, 2020

Application monitoring company New Relic Inc. saw 18% of its value wiped out in after-hours trading today after including an earnings warning in its latest financial report. The company reported fiscal first-quarter earnings before certain…

Cloud

Arista Networks beats earnings targets but its stock falls anyway

By Mike Wheatley Aug 4, 2020

Cloud networking company Arista Networks Inc. saw its stock dip in after-hours trading today despite beating its targets on profit and revenue. The company reported a second-quarter profit before certain costs such as stock compensation…

Infra

With OPAQ acquisition, Fortinet says it’s most complete SASE framework on the market

By R. Danes Aug 4, 2020

COVID-19’s work-from-home mandates have introduced new network edge and security problems to businesses, many of whom already had their hands full in these areas. Disparate point solutions, staff challenges and separate management consoles may have made integration…

Emerging Tech

Superconducting quantum computing startup Rigetti raises $79M

By Maria Deutscher Aug 4, 2020

Rigetti Computing Inc., a startup developing quantum computers, today said that it has closed a $79 million round of funding led by Bessemer Venture Partners. Franklin Templeton, Alumni Ventures Group and several other institutional…

AI

Microsoft backs $35M round into miniature AI chip startup Syntiant

By Maria Deutscher Aug 4, 2020

Microsoft Corp.’s M12 arm has placed a bet on Syntiant Inc., the startup behind tiny artificial intelligence chips for connected devices that it says is 100 times more power-efficient than rivals. M12 co-led a $35…

Infra

New report: COVID-19 internet snafus teach lessons on service-provider visibility

By R. Danes Aug 4, 2020

COVID-19 caused a lot of people to wonder just what they’d do without a network connection. For enterprise heads, that particular scenario involved more than being bereft of Instagram for a little while — such…

Policy

EU formally opens investigation into Google’s $2.1B Fitbit bid

By Maria Deutscher Aug 4, 2020

Confirming recent reports, the European Union today launched an antitrust investigation to determine if Google LLC’s planned $2.1 billion acquisition of Fitbit Inc. would harm competitors. Regulators could decide to block the transaction at…

Big Data

MemSQL’s growth mirrors need for real-time data analysis and rapid decision-making

By Mark Albertson Aug 4, 2020

One company that supports query and analysis of fast-moving enterprise data is growing fast as well. After expanding its business 200% in 2018, MemSQL Inc. grew an additional 75% in 2019 and just raised…

Cloud

Marinus Analytics turns to Amazon Neptune cloud graph database to fight human trafficking

By Kyt Dotson Aug 4, 2020

Human trafficking is a widespread and devastating criminal enterprise that spans continents and crosses the world. Exact numbers of those affected and the organizations involved are difficult to come by, but the footprints of…

all stories

New Relic stock plunges as it warns of ‘near term’ revenue hit from product shift

Arista Networks beats earnings targets but its stock falls anyway

With OPAQ acquisition, Fortinet says it’s most complete SASE framework on the market

Superconducting quantum computing startup Rigetti raises $79M

Microsoft backs $35M round into miniature AI chip startup Syntiant

EU formally opens investigation into Google’s $2.1B Fitbit bid

MemSQL’s growth mirrors need for real-time data analysis and rapid decision-making

Marinus Analytics turns to Amazon Neptune cloud graph database to fight human trafficking

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