Maria Deutscher
Latest from Maria Deutscher
Arm debuts new Cortex-M85 chip for connected devices
Arm Ltd. today introduced a new processor, the Cortex-M85, that can carry out certain computations four times faster than previous-generation silicon. Cambridge, U.K.-based Arm makes semiconductor blueprints that companies use to design chips such as central processing units. Chips based on the firm’s blueprints power billions of devices ranging from smartphones to servers and industrial ...
IoT data specialist Kinexon reels in $130M funding round
Kinexon GmbH, a startup helping companies collect and analyze data generated by their “internet of things” devices, today announced that it has raised $130 million in funding. Private equity firm Thomas H. Lee Partners led the funding round. The venture capital arm of BMW AG and Deutsche Telekom AG participated as well. Enterprises are deploying ...
Harness raises $230M at $3.7B valuation to help developers build software faster
Startup Harness Inc., which makes tools that help developers build applications more efficiently, has secured $230 million in fresh financing at a $3.7 billion valuation. Harness announced the investment this morning, detailing that it included $175 million in equity funding and $55 million in debt financing. Norwest Venture Partners was the lead investor. More than ...
Hackers breach Instagram page of Bored Ape Yacht Club and steal NFTs
Hackers breached the Instagram page of Bored Ape Yacht Club, a popular nonfungible token collection, and used the page to steal digital assets estimated to be worth about $3 million. Yuga Labs LLC, the company that created the Bored Ape Yacht Club collection, disclosed the breach today. A nonfungible token or NFT is a unique ...
UiPath teams up with Finastra to simplify RPA for financial firms
UiPath Inc. and Finastra Ltd. today announced a partnership focused on making it easier for companies in the financial sector to adopt robotic process automation. Publicly traded UiPath is a leading provider of robotic process automation, or RPA, software. The company’s software can observe how workers perform a given task in a business application and ...
Twitter accepts Elon Musk’s $44B acquisition offer
After weeks of drama, Twitter Inc.’s board of directors today accepted Elon Musk’s offer to buy the company. Musk earlier this month made an offer to acquire Twitter for $43 billion. In response, the company’s board implemented a so-called poison pill plan for one year. The move was designed to make it more difficult for ...
Agility Robotics raises $150M for its bipedal warehouse robots
Oregon-based robotics startup Agility Robotics Inc. today announced that it has closed a $150 million funding round led by DCVC and Playground Global. The Series B round also included the participation of a half-dozen other backers, including Amazon.com Inc.’s newly launched Amazon Industrial Innovation Fund. The online retail and technology giant announced the investment vehicle ...
Stripe will enable companies to pay users in cryptocurrency through its platform
Stripe Inc. will enable companies to pay their users in cryptocurrency through its popular payment processing platform. The first company to sign up is Twitter Inc., Stripe detailed in its announcement of the move today. Twitter offers a growing lineup of content monetization features for creators. Through the partnership with Stripe, the social media company ...
In Stanford speech, Barack Obama calls for new steps to combat misinformation
Former President Barack Obama on Thursday warned of the dangers posed by misinformation on social media and called for regulatory changes to address the issue. “With the rise of social media and the need to better understand people’s online behavior, in order to sell more advertising, companies want to collect more data,” Obama said in ...
Freight orchestration startup Convoy raises $260M at $3.8B valuation
Convoy Inc., a logistics startup on track to generate more than $1 billion in revenue this year, today announced that it has raised $260 million from investors at a $3.8 billion valuation. The financing included a $160 million Series E preferred equity funding round led by Baillie Gifford and T. Rowe Price. The remaining $100 ...