Mike Wheatley
Latest from Mike Wheatley
With $27M in funding, Fleet wants to bring more freedom to enterprise device management
Open device management startup Fleet Inc. wants to become the go-to platform for enterprises looking to safeguard the thousands of laptops and smartphones they hand out to employees after closing on a $27 million Series B round of funding. Today’s round was led by Ten Eleven Ventures and saw participation from CRV, Open Core Ventures, ...
Extend gets $17M in funding to boost the speed and accuracy of document processing with AI models
Document processing startup Extend said today it has raised $17 million via two separate early-stage funding rounds – a seed investment and a Series A round. Innovation Endeavors was the lead investor, while the rounds also saw participation from Y Combinator, Character VC and angels such as the former Adobe Inc. Chief Security Officer Scott ...
Coralogix gets $115M in funding to pioneer agentic AI-powered observability
Coralogix Ltd. says it’s going to automate and extend the value of its observability tools to every business worker after closing on a $115 million late-stage funding today. The Series E round coincides with the launch of its first artificial intelligence agent, called “olly,” which enables nontechnical users to explore the full power of its ...
Diskover gets $7.5M from Snowflake, NetApp and others to facilitate unstructured data discovery for AI
Big-data discovery startup Diskover Data Inc. burst into the limelight today, announcing a $7.5 million seed funding round, its first acquisition and key partnerships with industry giants Snowflake Inc. and NetApp Inc. The startup’s momentum stems from its development of a novel platform that enables enterprises to “structure their unstructured data” and make it more ...
OpenAI bags $200M Pentagon contract to explore defense industry AI applications
OpenAI said today it’s working with the U.S. Department of Defense on a pilot program that will see it create “frontier AI” capabilities, but it hasn’t divulged exactly what it’s building. The DoD confirmed the arrangement in its daily list of newly-awarded contracts today, where it revealed it will award OpenAI up to $200 million ...
Scale AI CEO Alexandr Wang departs to join Meta after securing multibillion-dollar investment
Scale AI Inc. says its founder and Chief Executive Alexandr Wang is leaving to join Meta Platforms Inc., after confirming that the social media giant has made a “significant” investment in the company. The red-hot artificial intelligence startup said Chief Strategy Officer Jason Droege will take over from Wang as its new interim CEO, but ...
Adobe posts solid earnings beat and raises its full-year guidance, but investors yawn
Adobe Inc. raised its full-year profit and revenue guidance after beating Wall Street’s targets in its latest financial results, but the positive numbers failed to impress investors much, and its stock was moving lower in late-trading. The company reported second-quarter earnings before certain costs such as stock compensation of $5.06 per share on revenue of $5.87 ...
Multiverse Computing bags $215M for its quantum-inspired AI model compression tech
Multiverse Computing S.L. said today it has raised $215 million in funding to accelerate the deployment of its quantum computing-inspired artificial intelligence model compression technology, which promises to reduce the costs of AI inference dramatically without impacting on performance. The Series B investment was led by Bullhound Capital and saw the participation of numerous others, ...
Databricks brings data insights to every business worker with AI-powered BI
Databricks Inc. says it’s trying to bring the power of big data analytics to every business worker with the launch of its new artificial intelligence-powered business intelligence tool, Databricks One. The company sells a cloud-based data warehouse platform that provides a collaborative environment for data engineering, data science, machine learning and analytics. It has become ...
Oracle beats expectations on ‘insatiable’ cloud demand, sending its stock higher
Database giant Oracle Corp.’s stock moved up more than 7% in extended trading today after reporting financial results that surpassed analysts’ expectations and saying it expects cloud growth to accelerate in the current quarter. The company reported fourth-quarter earnings before certain costs such as stock compensation of $1.70 per share on revenue of $15.9 billion, ...