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Emerging Tech

General Electric wants to sell its venture capital business to help pay off debt

By Mike Wheatley Jun 13, 2019

General Electric Co. is looking to sell off its venture capital investment business, GE Ventures, which has a portfolio of more than 100 startups under its wing. GE is selling the business in order…

Cloud

Alibaba reportedly files for Hong Kong listing that could raise up to $20B

By Mike Wheatley Jun 13, 2019

China’s e-commerce giant Alibaba Group Holding Ltd. has filed for an initial public offering on the Hong Kong stock exchange that could launch as soon as the third quarter of this year. Bloomberg and…

AI

Analog-based AI chip startup Mythic raises $30M in funding

By Mike Wheatley Jun 13, 2019

Artificial intelligence computer chip startup Mythic said today it has closed on a $30 million funding round led by Valor Equity Partners. Future Ventures, Atreides, Micron Ventures and Lam Research also participated in the…

Blockchain

Fintech-focused blockchain startup Spring Labs raises $23M

By Duncan Riley Jun 13, 2019

Financial technology-focused startup Spring Labs Inc. has raised $23 million in new funding to assist it in developing its blockchain-based network. The Series A round was led by GreatPoint Ventures and included August Capital, General Motors Ventures, RRE…

Apps

Defying expectations, Fiverr stock closes first day of trading up 90%

By Duncan Riley Jun 13, 2019

Shares in Israel-based freelancer marketplace Fiverr Inc. defied expectations in its initial public offering today on the New York Stock Exchange, closing their first day up 90%. Fiverr’s stock debuted at $26, up from its…

Blockchain

Report: Facebook cryptocurrency to launch with support from Visa, Mastercard and more

By Duncan Riley Jun 13, 2019

Facebook Inc.’s new cryptocurrency is set to launch next week with a slew of major backers, according to a new report today from The Wall Street Journal. The report said the cryptocurrency will debut with…

Cloud

VMware to acquire Avi Networks to make data centers cloudier

By Robert Hof Jun 13, 2019

In a continuing bid to help data centers become more cloudlike, VMware Inc. today said it plans to acquire Avi Networks Inc. for an undisclosed price. Avi provides application delivery services to large enterprises such…

Cloud

NetBrain aims to ease enterprise network automation fears with just-in-time platform

By Mark Albertson Jun 13, 2019

Cisco Systems Inc. offers a prestigious exam for international expert-level networking certification called the CCIE. Not everyone passes. Those who fail the exam don’t usually start their own companies as a result. But not…

Emerging Tech

Aurora Innovation picks up fresh funding from Hyundai, Tesla investor

By Maria Deutscher Jun 13, 2019

Heavily funded autonomous driving startup Aurora Innovation Inc. has raised more capital to fuel its product development plans, which it disclosed include building self-driving hydrogen cars. The investment, announced Wednesday night, is an extension to the…

Cloud

Cisco fellow offers perspective on driving consistency for the multicloud journey

By Mark Albertson Jun 13, 2019

A visit to the website for Cisco Systems Inc. reveals specific products tailored for a multicloud approach. There are tools like Meraki vMX and SD-WAN vEdge for connectivity, Cloudlock for protection, and AppDynamics or…

all stories

General Electric wants to sell its venture capital business to help pay off debt

Analog-based AI chip startup Mythic raises $30M in funding

Fintech-focused blockchain startup Spring Labs raises $23M

Defying expectations, Fiverr stock closes first day of trading up 90%

Report: Facebook cryptocurrency to launch with support from Visa, Mastercard and more

NetBrain aims to ease enterprise network automation fears with just-in-time platform

Aurora Innovation picks up fresh funding from Hyundai, Tesla investor

Cisco fellow offers perspective on driving consistency for the multicloud journey

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