Maria Deutscher
Latest from Maria Deutscher
Instacart wheels in $600M to grow its grocery delivery service, now valued at $7.6B
Instacart Inc., one of the heavily funded startups competing in the on-demand grocery delivery market, has added an additional $600 million to its coffers. Instacart announced the funding round this morning, naming high-profile hedge D1 Capital Partners LP as the lead investor. The financing values the startup at $7.6 billion, a more than 70 percent jump over the ...
LogMeIn joins AI fray with Prompt.ai, a chatbot that automates technical support
The rise of artificial intelligence in the enterprise has brought with it new solution categories, including services such as Agent IQ that use natural-language processing to automate companies’ help desk operations. Most of these offerings focus on fielding inquiries from customers. LogMeIn Inc., in contrast, is harnessing AI to help companies provide better support for their ...
MIT to launch new $1B college focused on advancing AI
The Massachusetts Institute of Technology wants to educate students for a future where artificial intelligence will have a role in every scientific discipline. To this end, the university today announced plans to establish a $1 billion college that will work to advance both the development of AI and its adoption across fields outside computing science. ...
With new Creative Cloud products, Adobe embraces AR, voice apps and YouTube
Adobe Systems Inc. is expanding its flagship Creative Cloud, the suite of design applications headlined by Photoshop, to address more of the platforms through which users are consuming digital content. The push centers on a set of new products and features that the company debuted at its Adobe Max event today in Los Angeles. Many of ...
What market turbulence? Anaplan makes strong trading debut after $236M IPO
Shrugging off this week’s tech stock plunge, business planning provider Anaplan Inc. started off its first day of trading on the right foot this morning, rising 43 percent above its initial public offering price by the end of the trading day. The tech industry’s newest publicly traded firm raised $263.5 million in its late Thursday ...
Apple to acquire key tech, talent from IoT chipmaker Dialog in $600M deal
Apple Inc. has forged a $600 million deal with partner Dialog Semiconductor PLC that will give it more control over the iPhone supply chain, as well as boost internal chip development efforts. The agreement, which was announced today, builds on over a decade of collaboration between the companies. U.K.-based Dialog has supplied power management chips ...
Snowflake Computing raises fresh $450M round for its cloud data warehouse
Just eight months after its previous nine-figure financing round, Snowflake Computing Inc. today announced that it has landed $450 million in additional funding. The round was led by Sequoia Capital with participation from several other prominent tech investors, among them Meritech Capital, Iconiq Capital and Redpoint Ventures. Snowflake’s backers have injected more than $920 million ...
Microsoft opens up its vast patent portfolio to the Linux community
Microsoft Corp.’s latest gesture to the open-source community could prove to be one of its most significant so far. The company today announced that it’s joining the Open Invention Network, an industry consortium dedicated to shielding its more than 2,600 member firms from patent litigation. The move will see Microsoft make its portfolio of 60,000-plus ...
Report: Apple has secretly acquired AI-based visual effects startup Spektral for $30M
A new report claims that Apple Inc. last year quietly acquired a Copenhagen-based machine learning startup called Spektral for $30 million. The story appeared today in Danish business journal Børsen and was picked up by Fortune. It’s seemingly given credence by the fact that Spektral co-founder Toke Jansen, whose research at the Technical University of ...
In another cybersecurity buy, Thoma Bravo to take Imperva private in $2.1B buyout
Imperva Inc., a major provider of cybersecurity software that has in recent years worked to transition to a cloud-based business model, is going private. The company today announced that it agreed to be taken off the stock exchange by private equity firm Thoma Bravo LLC in an acquisition worth $2.1 billion. The sum works out ...
