Maria Deutscher
Latest from Maria Deutscher
Sumo Logic joins the unicorn club with $110 million funding
Two years after its last funding round, Sumo Logic Inc. has decided to raise outside capital again, announcing this morning that it has closed a hefty $110 million investment led by Battery Ventures. Tiger Global Management, Franklin Templeton and a number of the startup’s prior backers contributed as well. The capital injection brings its total raised to ...
Google’s new Cloud TPU Pods offer an on-demand AI supercomputer
Google LLC today expanded its cloud platform with the launch of Cloud TPU Pods, a new infrastructure option aimed at large artificial intelligence projects that require vast amounts of computing power. A Cloud TPU Pod is essentially a set of server racks running in one of the search giant’s data centers. Each rack is loaded ...
GM’s Cruise self-driving car unit raises $1.15B more at $19B valuation
GM Cruise LLC, the General Motors Co. subsidiary developing self-driving cars, today divulged that it has raised another $1.15 million in funding to support its operations. This latest investment, which comes in a week when ride-hailing giant Uber Technologies Inc. is set to go public, was led by Rowe Price Group Inc. with participation from all ...
AMD and Cray will build a record-shattering 1.5-exaflop supercomputer for the DOE
With its 200-petaflop peak performance, the Department of Energy’s Summit system sits comfortably in first place on the TOP500 ranking of the world’s most powerful supercomputers. Today, the agency revealed plans to build a new system that will pack seven times more computing power than its predecessor. The DOE has awarded the $600 million contract for ...
EU reportedly preparing antitrust probe into Apple’s App Store rules
A year and a half after its last run-in with European Union regulators, Apple Inc. is reportedly facing the prospect of another investigation. The Financial Times reported today that the EU’s antitrust body is preparing to launch a probe into the iPhone maker’s conduct towards iOS developers. The investigation could start within weeks, according to the ...
With a mission to simplify startup equity, Carta bags $300M in funding
Carta Inc., a startup that helps tech firms and other companies manage their equity, has sold some of its own equity through a massive new funding round that was announced today. Carta has raised a hefty $300 million investment led by Andreessen Horowitz with participation from more than a half-dozen other prominent backers. Among them were ...
Ahead of Apple’s June launches, fresh details leak about iOS 13 and watchOS 6
Apple Inc. is expected to unveil the next versions of iOS, macOS and the watchOS software powering its smartwatch next month. But users won’t have to wait until then to find out what new features the company has in store. This morning, Bloomberg published a report detailing dozens of the enhancements that will arrive with ...
Newly minted unicorn Kaseya acquires cybersecurity startup ID Agent
Kaseya Ltd., a major provider of infrastructure management software, today announced that it’s acquiring Maryland-based cybersecurity startup ID Agent LLC. The deal comes just days after Kaseya disclosed that it has bagged a $500 million-plus funding round backed by TPG Growth. The investment values the company at $1.75 billion, which easily places it in tech unicorn territory. But Kaseya ...
Report: Facebook is raising up to $1B for a cryptocurrency-based payment system
Facebook Inc.’s ambitions in the financial sector may be broader than previously believed. Citing anonymous sources, the Wall Street Journal reported Thursday evening that the company is looking to raise up to $1 billion for a cryptocurrency-based payment system. The digital coin will reportedly be pegged to the fiat to avoid the kind of big ...
Couchbase releases new AI and privacy features for its mobile database
Couchbase Inc. today released a new version of its popular mobile database that will enable developers to build apps with more sophisticated machine learning and privacy features. Couchbase Lite, as the NoSQL store is called, exists in a highly competitive market. Realm Inc., the startup behind another leading mobile database, was recently acquired by publicly ...
