Maria Deutscher – SiliconANGLE

Dexory raises $19M for its robot-powered warehouse monitoring platform

Maria Deutscher — Tue, 27 Jun 2023 21:09:44 +0000

Dexory Ltd., a U.K. startup using 39-foot-tall robots to make logistics warehouses more efficient, has secured $19 million in new funding. Announced today, the Series A round was led by Atomico with participation from several returning investors. Among returning investors was the venture capital arm of logistics giant Maersk A/S. Maersk is also a customer. […]

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HashiCorp acquires startup BluBracket for its secrets detection technology

Maria Deutscher — Tue, 27 Jun 2023 19:26:40 +0000

HashiCorp Inc. is buying BluBracket Inc., a venture-backed startup with software that helps developers catch and fix insecure code before it’s released. HashiCorp announced the deal today without disclosing the financial terms. BluBracket previously raised $18.5 million in funding. BluBracket provides a software platform that helps development teams find cybersecurity issues in their code. It […]

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Cyera bags $100M to improve cloud data security with large language models

Maria Deutscher — Tue, 27 Jun 2023 17:33:41 +0000

Fast-growing data security startup Cyera US Inc. today announced that it has raised $100 million from a group of prominent backers. The investment, a Series B round, brings the total amount of capital raised by the startup since its launch to $160 million. Accel was the lead investor in the round. Sequoia, Redpoint Ventures and […]

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Snowflake and Microsoft expand partnership with focus on AI

Maria Deutscher — Mon, 26 Jun 2023 21:33:45 +0000

Snowflake Inc. is expanding its partnership with Microsoft Corp. to simplify joint customers’ artificial intelligence projects. The expanded partnership was announced at Snowflake Summit 2023, which kicked off today in Las Vegas. A core focus of the collaboration is Microsoft’s Azure OpenAI Service. It provides cloud-based versions of OpenAI LP’s machine learning models, including GPT-4. […]

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Chipmaker Wolfspeed secures up to $2B in debt financing from investor consortium

Maria Deutscher — Mon, 26 Jun 2023 20:02:29 +0000

Wolfspeed Inc., a major supplier of silicon carbide chips, is raising up to $2 billion in debt financing to support its manufacturing expansion plans. The transaction was announced this morning. The chipmaker is borrowing the funds from an investor consortium led by Apollo Global Management. The private equity firm, which is best known for buying publicly […]

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ThoughtSpot acquires rival business intelligence startup Mode for $200M

Maria Deutscher — Mon, 26 Jun 2023 17:59:10 +0000

ThoughtSpot Inc., a major provider of business intelligence software, today announced that it’s acquiring rival Mode Analytics Inc. for $200 million. The cash and equity deal is likely a win for Mode Analytics investors. Prior to the acquisition, San Francisco-based Mode raised $83 million in funding, or less than half what ThoughtSpot is paying to […]

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Arduino’s newest chip offers faster performance and more memory

Maria Deutscher — Mon, 26 Jun 2023 15:00:31 +0000

Chipmaker Arduino s.r.l. today introduced a new microcontroller board, the Uno R4, that offers significantly higher performance than its previous-generation hardware. Switzerland-based Arduino is a major maker of microcontroller boards. Those are miniature computers that take the form of a compact chip measuring a few inches across. Each such chip includes a processor, memory and […]

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Accelerant raises $150M for its insurance underwriting platform

Maria Deutscher — Fri, 23 Jun 2023 17:53:25 +0000

Accelerant, an Atlanta-based startup with a software platform designed to ease the work of insurance underwriters, has reportedly secured $150 million in fresh funding. Bloomberg reported the raise on Thursday. It was led by Barings, a subsidiary of MassMutual Co. Accelerant is now reportedly valued at $2.4 billion, or $200 million more than after its […]

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Intel and HPE complete assembly of record-breaking Aurora supercomputer

Maria Deutscher — Thu, 22 Jun 2023 21:18:34 +0000

Intel Corp. today announced that all the compute modules of Aurora, an exascale supercomputer it’s helping to build for the U.S. Department of Energy, have been installed. The system is a collaboration among the Energy Department, Intel and Hewlett Packard Enterprise Co. It’s located at the Argonne National Laboratory. Scientists will use the system to […]

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EU reportedly set to investigate Amazon’s $1.7B iRobot acquisition

Maria Deutscher — Thu, 22 Jun 2023 19:37:14 +0000

The European Union is expected to launch an investigation into Amazon.com Inc.’s planned acquisition of iRobot Corp. for $1.7 billion. The development was reported this morning by Bloomberg and Reuters. According to the sources cited in the reports, EU antitrust officials are currently conducting a preliminary review of the deal. The full investigation is expected […]

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Mendix introduces chatbots and embedded AI models with latest platform release

Maria Deutscher — Thu, 22 Jun 2023 17:24:24 +0000

Mendix today previewed a new version of its low-code development platform that will make it easier for companies to build artificial intelligence applications. The new version, called Mendix 10, also adds two AI chatbots designed to ease developers’ work. The company plans to share more details about the update at an event next Tuesday. Mendix’s […]

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Integral releases open-source AI tool for evaluating code reliability

Maria Deutscher — Thu, 22 Jun 2023 16:00:14 +0000

Integral, a venture-backed data management startup, today debuted an open-source tool that can analyze software teams’ code and automatically highlight areas for improvement. The tool is known as Robin AI. It uses artificial intelligence to scan code files for potential issues. Integral, officially Promeed Inc., launched in 2022 and earlier this year raised a funding […]

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FTC sues Amazon over Prime sign-up and cancellation interfaces

Maria Deutscher — Wed, 21 Jun 2023 21:13:32 +0000

The U.S. Federal Trade Commission today sued Amazon.com Inc. over the subscription management interfaces of its Prime service. Introduced in 2005, Prime provides access to free shipping, discounts and other benefits for a monthly fee. The service reached 100 million users in 2018. According to Amazon, it passed 200 million users about three years later. The […]

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SoftBank CEO Masayoshi Son suggests company plans to gear up AI investments

Maria Deutscher — Wed, 21 Jun 2023 19:31:56 +0000

SoftBank Group Corp. Chief Executive Masayoshi Son has indicated that the company, one of Japan’s largest telecommunications providers, plans to ramp up its investments in artificial intelligence. Son, who founded SoftBank in 1981, detailed the company’s plans during its annual shareholder meeting today. He reportedly told investors that “we would like to be [in] the […]

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Google introduces AI-powered money laundering detection service

Maria Deutscher — Wed, 21 Jun 2023 17:49:35 +0000

Google LLC’s cloud unit today debuted a new service that uses artificial intelligence to help financial institutions detect money laundering. The service is known as Anti Money Laundering AI, or AML AI for short. Banks historically used so-called rules-based detection systems to spot illicit financial activity. In such systems, users manually define what type of […]

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Shopify brings its Shop Pay checkout service to external e-commerce websites

Maria Deutscher — Wed, 21 Jun 2023 10:00:28 +0000

Shopify Inc. today announced plans to make its Shop Pay service available for online stores not hosted on its namesake cloud platform. Shopify’s platform is used by retailers to build and manage e-commerce websites. It helped process $49.6 billion worth of online purchases last quarter, a 15% increase from the same time a year earlier. […]

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Rose Rocket raises $38M for its transportation management system

Maria Deutscher — Tue, 20 Jun 2023 21:15:22 +0000

Transportation software startup Rose Rocket Inc. today announced that it has closed a $38 million funding round led by Scale Venture Partners. The round, a Series B investment, also included the participation of Y Combinator and several other institutional backers. It follows a $25 million raise that Rose Rocket announced in October 2021. According to […]

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Observe.ai debuts large language model optimized for contact center tasks

Maria Deutscher — Tue, 20 Jun 2023 19:51:28 +0000

Observe.ai, a venture-backed developer of contact center software, today introduced a large language model optimized to streamline customer service tasks. The startup refers to the model as the Contact Center LLM. It powers a new set of automation features that Observe.ai is rolling out in conjunction under the name Generative AI Suite. Observe.ai, officially Z21 […]

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Cloudflare launches Observatory to simplify website performance evaluations

Maria Deutscher — Tue, 20 Jun 2023 17:29:44 +0000

Cloudflare Inc. today introduced a new tool for its content delivery network that will enable companies to measure their websites’ loading speed more easily. The tool, called Observatory, is available at no charge. It replaces an earlier feature dubbed Speed Tab that was released in 2019 and offered similar features. The reason for the upgrade, […]

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Broadcom debuts new Wi-Fi 7 chips for routers and handsets

Maria Deutscher — Tue, 20 Jun 2023 13:00:37 +0000

Broadcom Inc. today debuted three new Wi-Fi 7 chips that can be used to equip routers and handsets with wireless networking capabilities. Wi-Fi 7 is the latest version of the eponymous wireless networking technology. It can provide up to 46 gigabits per second of bandwidth, twice the maximum amount that was supported before. The technology […]

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Intel to build two chip fabs in Germany as part of expanded €30B+ investment

Maria Deutscher — Mon, 19 Jun 2023 17:50:57 +0000

Intel Corp. today announced plans to build two cutting-edge chip fabs in Germany at a cost of more than €30 billion, or $32.75 billion. The plan extends an initiative Intel first detailed early last year. That original initiative would have also seen the company build two fabs in Germany, but with a lower initial investment […]

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Avaya debuts new cloud capabilities at Engage 2023

Maria Deutscher — Mon, 19 Jun 2023 13:00:19 +0000

Avaya LLC today introduced new capabilities for its suite of communications applications and revamped its professional services unit. The company made the announcements at its Avaya Engage 2023 conference, which is taking place this week in Orlando. Durham, North Carolina-based Avaya sells videoconferencing software for enterprises. It also provides other collaboration tools, as well as […]

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Comet teams up with Snowflake to simplify AI development for enterprises

Maria Deutscher — Fri, 16 Jun 2023 17:47:51 +0000

Comet ML Inc., a startup that provides tools for building artificial intelligence models, is partnering with Snowflake Inc. to ease the work of enterprise machine learning teams. The partnership was announced this morning. As part of the collaboration, Comet has developed an integration for Snowflake’s Snowpark tool. According to the startup, its new integration will simplify […]

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Google advises employees not to enter internal information into AI chatbots

Maria Deutscher — Thu, 15 Jun 2023 20:58:50 +0000

Google LLC parent Alphabet Inc. has advised employees not to enter internal information into artificial intelligence chatbots. Reuters reported the policy this morning, citing four people familiar with the matter. Google later confirmed the report. The company is urging employees to avoid inputting sensitive data into conversational AI tools at a time when it’s working […]

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Mandiant attributes Barracuda Networks malware campaign to China-linked hackers

Maria Deutscher — Thu, 15 Jun 2023 19:39:29 +0000

Mandiant has determined that the recently discovered hacking campaign targeting Barracuda Networks Inc. customers was launched by China-linked hackers. Mandiant, a breach investigation company that was acquired by Google LLC earlier this year, released its findings today. The Google unit was hired by Barracuda to investigate the malware campaign. Campbell, California-based Barracuda is a major provider […]

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Intel rebrands its PC processor lineup

Maria Deutscher — Thu, 15 Jun 2023 17:46:21 +0000

Intel Corp. today announced plans to reorganize its personal computer processors under a simplified, two-tier branding structure. The move comes more than a decade after the last major rebrand of the product portfolio. It also follows a smaller naming change that Intel announced last September. The latter update saw the company fold two sets of […]

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WhyLabs releases open-source LangKit toolkit for monitoring large language models

Maria Deutscher — Wed, 14 Jun 2023 21:13:40 +0000

Startup WhyLabs Inc. today released LangKit, an open-source toolkit designed to help companies monitor their large language models for safety issues and other risks. Seattle-based WhyLabs is backed by $14 million in funding. Its investors include Madrona Venture Group, Bezos Expeditions and AI Fund, a venture capital firm led by artificial intelligence pioneer Andrew Ng. […]

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Primer raises $69M for its AI-powered analytics tools

Maria Deutscher — Wed, 14 Jun 2023 19:14:19 +0000

Data analytics provider Primer Technologies Inc. today announced that it has closed a $69 million funding round led by Addition. U.S. Innovative Technology Fund also contributed to the Series D round, which brings the startup’s total outside financing to $237 million. Primer will use the capital to hire more employees and enhance its technology. San […]

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EU suggests breaking up Google’s display ad business over antitrust concerns

Maria Deutscher — Wed, 14 Jun 2023 17:26:02 +0000

The European Commission, the European Union’s executive branch, has sent Google LLC a statement of objections over its practices in the display advertising market. The EU announced the move today. A statement of objections is a document that the bloc’s antitrust officials issue to a company after determining it may have run afoul of antitrust […]

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Pure Storage debuts new flash storage arrays and cybersecurity features

Maria Deutscher — Wed, 14 Jun 2023 13:00:41 +0000

Pure Storage Inc. is expanding its product portfolio with three new flash arrays and a set of software features designed to mitigate the impact of ransomware attacks. The company announced the offerings at its annual Pure//Accenture event in Las Vegas, which kicked off this morning. The first two additions to the hardware maker’s product portfolio […]

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