Databricks, the analytics company valued at $43 billion, has acquired the data startup Arcion for a sum of $100 million.
Databricks has announced its acquisition of Arcion, an enterprise data company, in a deal valued at approximately $100 million, including performance-based incentives. CEO Ali Ghodsi shared this information with CNBC prior to the official announcement scheduled for Monday. Databricks primarily offers a data analytics tool driven by deep learning, an…Continue Reading
Highlight unveils a comprehensive application monitoring platform and secures $8 million in funding
Highlight, a San Francisco-based startup dedicated to enhancing web application observability for enterprises, has proudly unveiled its flagship product to the public. This innovative offering is an open-source monitoring platform that consolidates a comprehensive view of an application’s entire stack and the associated issues into a single, easily accessible location….Continue Reading
Anonybit secures $3 million in funding to advance the development of its biometric security platform, Genie.
In 2022, our previous coverage of Anonybit introduced the New York and Tel Aviv-based biometric security startup. At that time, they had recently emerged from stealth mode with a funding round of $3.5 million, promising to provide advanced security for enterprises’ employee biometric data. Their approach involved breaking this data…Continue Reading
Nvidia and Foxconn collaborate to enhance AI for electric vehicles.
Foxconn, the largest electronics manufacturer globally, has declared a strategic alliance with Nvidia to expedite the advancement of electric vehicles (EVs) and the associated artificial intelligence (AI) technology. This partnership, unveiled during the Hon Hai Tech Day event in Taiwan, represents a pivotal step toward realizing Foxconn’s vision for the…Continue Reading
Stoke Space secures $100 million in funding for its ambitious mission to develop entirely reusable rockets.
Stoke Space made an announcement on Thursday that it successfully secured $100 million in funding, marking a significant step forward in the Kent, Washington-based company’s pursuit of developing a new generation of fully reusable rockets with the goal of reaching orbit by 2025. CEO Andy Lapsa expressed his enthusiasm in…Continue Reading
Washington state’s life sciences sector gets a boost with $25,000 grants awarded to local startups
In a collaborative effort between the Life Science Washington Institute and the Washington State Department of Commerce, a grant program provided $25,000 grants to 20 early-stage life sciences startups in Washington. This initiative, funded by money reinvested from the state’s Life Sciences Discovery Fund, aims to nurture the next generation…Continue Reading
Europe sees increased calls for AI regulations to safeguard jobs due to ChatGPT’s debut.
A recent extensive study conducted by Spain’s IE University reveals a growing desire among the majority of Europeans for government-imposed regulations on artificial intelligence (AI) in order to mitigate its potential impact on job security. Out of a sample group of 3,000 Europeans, a significant 68% expressed the need for…Continue Reading
Explorium secures $19 million in funding for the consolidation of AI model training and deployment.
Explorium, a Tel Aviv-based startup, has unveiled its achievement of raising a total of $19 million in funding through various rounds. Notably, Emerge and F2 Capital contributed $3.6 million in a seed round, while Zeev Ventures led a $15.5 million series A round. This significant capital infusion comes on the…Continue Reading
Amazon to invest $4 billion in ChatGPT rival Anthropic, challenging OpenAI
On Monday, the e-commerce behemoth Amazon announced its intention to invest as much as $4 billion into the artificial intelligence firm known as Anthropic, solidifying its position as a minority stakeholder in the company. This strategic move underscores Amazon’s determined push into the world of artificial intelligence, as it strives…Continue Reading
Cisco acquires cybersecurity firm Splunk for a record $28 billion in cash.
Cisco has announced its largest-ever acquisition, revealing plans to purchase cybersecurity software company Splunk at a price of $157 per share in an all-cash transaction valued at approximately $28 billion. This significant move saw Splunk shares surge by 21%, while Cisco’s stock closed down 4%. Splunk specializes in data monitoring…Continue Reading