Enterprise

As expected, companies are continuing to cut back on their cloud spend where possible, as tech budgets continue to get careful scrutiny. That resulted in a quarter in which the cloud grew 19%, up $10 billion over last year to $63 billion. That doesn't sound too terrible, except when you compare

Investors continue to pump money into generative AI tech. Case in point, Replit, an IDE startup developing a code-generating AI-powered tool called Ghostwriter, this week raised nearly $100 million ($97.4 million) at a $1.16 billion post-money valuation. Andreessen Horowitz led the round — a

Luca, a startup building price planning and prediction tools for retailers, today announced that it closed a $2.5 million seed round led by Menlo Ventures with participation from Y Combinator (Luca was in Y Combinator’s winter 2023 class), Soma Capital and angel investors. Luca was co-founded

Cloud storage giant Dropbox today joined the fray of tech companies announcing layoffs. The company today announced that it would be laying off 16% of its staff, equivalent to about 500 employees, due to slowing growth, and — in the words of CEO Drew Houston — because “the AI era

If artificial intelligence feels like it is taking over the world, that feeling has become an anxious obsession among larger tech companies. These are organizations that have typically thrived secure in the knowledge that they can keep a competitive edge through their very DNA: leveraging software

The concept of SaaS as a business model changed the game in tech by moving users away from buying software outright and toward paying for service availability based on time-based subscriptions, typically with per-month or annual pricing. Today, a startup out of London called M3ter that is building

The basic principle of Moore’s law — computing becoming more powerful yet more compact — is playing out in a number of fields, and one of the latest is coming from the world of audiology technology. TympaHealth, a London startup that has developed handheld hardware built around st

Clara, a Mexico-based spend management company, closed on $60 million in equity in a round led by GGV Capital. The company launched its product in 2021 and provides reporting software for better financial decision-making, locally issued corporate cards, bill pay and financing solutions. It also con

Google Cloud may be chasing Amazon and Microsoft in the cloud game, but it has something big to boast about after earnings came out today. The company has turned a profit on its cloud unit for the first time since it began reporting cloud income several years ago. The company reported cloud revenue

Bobsled, a startup that is buding a cross-cloud data sharing platform, today announced that it has raised a $17 mlion Series A funding round co-led by Greycroft and Madrona Venture Group. This round follows a $7 mlion seed round led by .406 Ventures. In this most recent round, Bobsled’s valua

OpenAI says that it plans to introduce a new subscription tier for ChatGPT, its viral AI-powered chatbot, tailored to the needs of enterprise customers. Called ChatGPT Business, OpenAI describes the forthcoming offering as “for professionals who need more control over their data as well as en

Firewalla made a name for itself by offering powerful yet affordable hardware firewalls that were, at first, mostly geared toward consumers. Small and medium businesses also quickly caught on to the advantages of using the company’s solutions. With its $585 Gold Plus firewall and router, the

Rapid (previously known as RapidAPI), a startup that built out an API marketplace valued at $1 billion last year, is cutting 50% of its staff technewss has learned. According to an email to employees from CEO Marc Friend viewed by technewss, the move is part of “a significant restructuring” i

Clockwork today announced a new service that uses its clock synchronization service to eliminate packet drops to help businesses improve their network performance. A year ago, the company created a splash when it announced its clock synchronization service that helps businesses keep their server fl