Friday April 26, 2024

Backed by Benchmark, Blue Hexagon just raised $31 million for its deep learning cybersecurity software

Nayeem Islam spent nearly 11 years with chipmaker Qualcomm, where he founded its Silicon Valley-based R&D facility, recruited its entire team and oversaw research on all aspects of security, including applying machine learning on mobile devices and in the network to detect threats early. Islam was nothing if not prolific, developing a system for on-device machine […]

Databricks raises $250M at a $2.75B valuation for its analytics platform

Databricks, the company behind the Apache Spark big data analytics engine, today announced that it has raised a $250 million Series E round led by Andreessen Horowitz. Coatue Management, Microsoft and NEA, also participated in this round, which brings the company’s total funding to $498.5 million. Microsoft’s involvement here is probably a bit of a […]

After 5 years, Microsoft CEO Satya Nadella has transformed more than the stock price

Five years ago today, Satya Nadella took over as CEO at Microsoft, and by most any measure has been wildly successful. It’s common to look at the stock price as the defining metric of Nadella’s tenure, but the stock price triumph has followed something more fundamental and harder to measure: how he changed the culture […]

Timescale announces $15M investment and new enterprise version of TimescaleDB

It’s a big day for Timescale, makers of the open-source time-series database, TimescaleDB. The company announced a $15 million investment and a new enterprise version of the product. The investment is an extension of the $12.4 million Series A it raised last January with a higher valuation, which it’s referring to as A1. Today’s round is […]

SAP job cuts prove harsh realities of enterprise transformation

As traditional enterprise companies like IBM, Oracle and SAP try to transform into more modern cloud companies, they are finding that making that transition, while absolutely necessary, could require difficult adjustments along the way. Just this morning, SAP announced that it was restructuring in order to save between €750 million and €800 million (between approximately […]

Figma’s design and prototyping tool gets new enterprise collaboration features

Figma, the design and prototyping tool that aims to offer a web-based alternative to similar tools from the likes of Adobe, is launching a few new features today that will make the service easier to use to collaborate across teams in large organizations. Figma Organization, as the company calls this new feature set, is the […]

Google’s Cloud Firestore NoSQL database hits general availability

Google today announced that Cloud Firestore, its serverless NoSQL document database for mobile, web and IoT apps, is now generally available. In addition, Google is also introducing a few new features and bringing the service to 10 new regions. With this launch, Google is giving developers the option to run their databases in a single […]

Blue Prism to issue $130M in stock to raise new funds

Just this morning, robotic process automation (RPA) firm Blue Prism announced enhancements to its platform. A little later, the company, which went public on the London Stock Exchange in 2016, announced it was raising £100 million (approximately $130 million) by issuing new stock. The announcement comes after reporting significant losses in its most recent fiscal […]

Vodafone pauses Huawei network supply purchases in Europe

Huawei had a very good 2018, and it’s likely to have a very good 2019, as well. But there’s one little thing that keeps putting a damper on the hardware maker’s global expansion plans. The U.S. and Canada have already taken action over the company’s perceived link to the Chinese government, and now Vodafone is […]

Has the fight over privacy changed at all in 2019?

Few issues divide the tech community quite like privacy. Much of Silicon Valley’s wealth has been built on data-driven advertising platforms, and yet, there remain constant concerns about the invasiveness of those platforms. Such concerns have intensified in just the last few weeks as France’s privacy regulator placed a record fine on Google under Europe’s […]