Mike Wheatley
Latest from Mike Wheatley
Micron announces production cut as demand for its memory chips falls
Updated: Micron Technology Inc. says it can weather the storm of a sharp downturn in demand for its products. The company, which makes memory chips for data centers, reported lower-than expected guidance for its upcoming third quarter, but insisted that it will return to growth by the end of the year. That prediction came as Micron ...
Container storage outfit Portworx lands $27M funding round
Container storage company Portworx Inc. reckons it’s time to play with the big boys after landing a $27 million round of funding that almost doubles the total amount it has raised to date. The Series C round, led by Sapphire Ventures and the venture arm of the Mubadala Investment Co., with participation from Mayfield Fund, GE ...
Tencent follows other Chinese internet firms with major staff cutbacks
China’s Tencent Holdings is laying off about 10 percent of its senior managers as part of a major organizational restructuring plan, according to local media reports. The move is the latest in what appears to be a growing trend by Chinese internet giants to cut back on their workforces. Chinese news website 36kr cited unnamed ...
Google open-sources its Sandboxed API tools for isolating application processes
Google LLC has open-sourced a new tool for developers that lets them sandbox C and C++ libraries that run on Linux-based operating systems. Developed internally by Google, the Sandboxed API has been used in its data centers for several years already, the company said in a blog post Monday announcing the move. Google has made Sandboxed API available ...
Report: UiPath is discussing another massive funding at $6B+ valuation
UiPath Inc., one of the hottest companies in the fast-emerging robotic process automation market, reportedly is close to sealing another huge round of funding that could see its valuation soar beyond the $6 billion mark. UiPath has long been a magnet for venture capital, raising a total of $448 million in three rounds since 2017. Most ...
Rockset launches its serverless data platform
Data processing startup Rockset Inc. is making its serverless analytics and search platform generally available just months after emerging from stealth mode. Serverless computing refers to cloud services that automate the infrastructure management tasks that companies previously had to manage by themselves. In Rockset’s case, it stretches that definition a bit further, automating the logistics ...
Gravitational simplifies deployment of multiple Kubernetes clusters
Software container infrastructure specialist Gravitational Inc. reckons its latest update released today will make it easier to deploy multiple Kubernetes clusters across numerous cloud and on-premises computing environments. Kubernetes is one of the most popular tools for managing software containers, which are used to build applications that can run on any kind of computing platform ...
Report: Amazon is testing a new investment program for high-risk startups
Amazon.com Inc.’s public cloud computing business is launching a new pilot program that’s aimed at connecting venture capitalists with money-seeking tech startups that use its information technology infrastructure. Still nascent, Amazon Web Services Inc.’s Pro-Rata Program will focus on more risky startups, CNBC said in an exclusive report Friday. AWS has grown to become Amazon’s most profitable ...
Atlassian buys AgileCraft for its business project tracking software
Enterprise software company Atlassian Corp. Plc is trying to make itself more useful to its customers with the acquisition today of a startup called AgileCraft LLC that sells tools for tracking business projects. Atlassian said the deal is valued at $166 million, with about $154 million paid in cash and the rest through restricted shares. The ...
Pivotal Software takes a knock after missing on revenue guidance
Updated: Executives at Pivotal Software Inc. put on a brave face today despite seeing the company’s stock fall in after-hours trading thanks to guidance that came in lower than expectations. The software development platform maker had just closed out its first full year as a publicly traded company, but it still has a long way ...
