Paul Gillin
Latest from Paul Gillin
IBM impresses with strong sales and earnings growth
Updated: IBM Corp. surprised and delighted investors with fourth-quarter revenue and profit that beat analysts’ forecasts on the strength of its Red Hat cloud computing business, increasing annual recurring revenue, and sales to the recently spun-off Kyndryl Holdings Inc. Quarterly sales rose 8.6%, to $16.7 billion, easily beating consensus estimates of $15.96 billion. Adjusted earnings per share ...
Ambient AI emerges from stealth with sights set on remaking physical security
Ambient AI Inc. is emerging from stealth mode today with $52 million in funding and technology that it hopes will revolutionize physical security. The company, whose founders worked in computer vision and robotics at Stanford University, Apple Inc., Google LLC and Microsoft Corp., says it has developed an image recognition system that analyzes video feeds ...
NetSuite begins analytics overhaul with cash and project management dashboards
Oracle Corp.’s NetSuite subsidiary today added cash flow and project management features to its enterprise resource management software for small and midsized businesses. Cash 360 is the first in a line of redesigned dashboards the company plans to roll out over the course of this year. The configurable interfaces consolidate what were previously discrete functions ...
Dell bids to deliver unified experience across multiple clouds
Citing a goal to deliver “a cloud experience wherever customers have apps and data,” Dell Technologies Inc. today is stepping up its multicloud game with a set of data storage and backup services that span multiple cloud platforms. The company also said it’s expanding support for the agile DevOps software development methodology with new offers and ...
Rocketlane scores $18M early-stage funding to automate customer onboarding
Rocketlane Corp., maker of a software-as-a-service platform purpose-built for onboarding new customers, today announced that it has closed an $18 million Series A funding round, bringing its total funding to $21 million. The company, which has headquarters in both India and San Mateo, California, is targeting a niche that is a problem area for software ...
Virtana bags $73M to build its hybrid cloud observability business
Virtana today said it raised $73 million in an unspecified funding round to grow its hybrid cloud operations management business. The company, officially Virtual Instruments Inc., sells tools based on machine learning that help enterprises monitor, manage and optimize hybrid cloud environments, which are emerging categories called AIOps and observability. Gartner Inc. has estimated that ...
Databricks kicks off vertical push with analytics platform for retailers
Distributed data analytics and machine learning software provider Databricks Inc. is making its first foray into vertical markets today with the announcement of the Databricks Lakehouse for Retail. The announcement is, at least in part, a formality since Databricks has had a retail practice for nearly three years, according to Rob Saker, the company’s global ...
WorkStep raises $25M to help businesses improve frontline employee retention
Technology firms that target so-called “deskless” workers continue to reel in investment dollars. San Francisco-based WorkStep Inc., which has a database of more than 1 million frontline workers and software that matches them with prospective employers, today announced it has raised a $25 million Series B round, bringing its total funding to $42.2 million. The ...
Cloudinary bootstraps its way to a $100M annual revenue run rate
In a current venture funding market that can only be described as giddy, Cloudinary Ltd. is an outlier. The company, which makes a cloud-based media management platform, has never taken outside investment yet today it is announcing its first acquisition and an annual revenue run rate that exceeds $100 million, up from $80 million six ...
Collaboration startup Miro joins the unicorn club with $400M funding round and $17.5B valuation
Investors continue to throw money at technology aimed at improving collaboration among remote workers. Today, Miro, the business name of RealtimeBoard Inc., said it has closed a $400 million funding. The Series C round brings its total amount raised to $476 million and its valuation to $17.5 billion. Miro makes a digital whiteboard that teams can ...