Observability platform Chronosphere raises another $115M at a $1.6B valuation

The market for cloud native observabity tools remains hot. As with so many new technologies, containerization solved a fair number of problems but also introduced its share of new ones, including a lot of added complexity that is, in part, driven by the dynamic nature of this architecture. ThatR

IonQ acquires quantum networking specialist Entangled Networks

IonQ, the trapped ion quantum computing company that went public via a SPAC in late 2021, today announced that it has acquired Entangled Networks, a Toronto-based startup that helps industrial and academic users build and optimize multi-quantum-processor solutions, using specialized networking tech

XetHub raises $7.5M for its Git-based data collaboration platform

Seattle-based XetHub, a startup that makes it easy for businesses to use Git for data management, today announced that it has raised a $7.5 million seed financing round led by Madrona. The basic idea here is to allow developers to work with data the same way they work with code, including all of th

Vista Equity Partners to acquire insurance software company Duck Creek for $2.6B

Private equity giant Vista Equity Partners has announced plans to take Duck Creek Technologies private in a $2.6 billion deal. Boston-based Duck Creek, a SaaS-based software provider for the property and casualty (P&C) insurance sector, went public back in 2020, initially hitting a market cap o

How global unrest will impact innovation in 2023

The global economic and political turmoil of the past year has had a meaningful impact on corporate innovation in the technology industry and beyond. The worldwide battle with COVID, the Ukraine-Russia conflict and the economic fallout of the COVID lockdowns and supply chain disruptions have togeth

Samsung's quarterly profit hits 8-year low amid weak demand for memory chips, smartphones

Samsung Electronics’ operating profit plummeted 69% to $3.4 billion in the quarter that ended in December to an eight-year low, according to its preliminary estimates, as the global demand for memory chips and smartphones wanes due to high inflation and a slowing economy. “Amid continued ex

John Deere at CES? Yes, with a robotics-based fertilizer system and a new electric excavator

Consumer tech is at an inflection point right now, with slowing growth in developed markets and economic depressions pulling emerging markets back when it comes to investment and usage. Into that vacuum, at CES this year, major industrial company John Deere has put itself front and center to launch

Amazon Sidewalk adds new partners, plans to open to developers soon

At CES today, Amazon announced that a number of new devices from four manufacturers will soon join its Sidewalk network. Sidewalk, Amazon’s long-range, low-bandwidth IoT mesh network that is powered by sharing a small portion of a user’s bandwidth from devices like the company’s E

4 data science predictions for 2023

Data science has long been the domain of hardcore data professionals who understand the complex frameworks and languages involved, but those professionals are in notoriously short supply. Fortunately, the landscape of tools and frameworks is constantly evolving, and in 2023 I predict new developmen

Amazon to cut 18,000 jobs as tech layoffs continue

Amazon has announced that it will be “eliminating” more than 18,000 roles at the company, extending a previously announced round of layoffs that was set to impact some 10,000 workers. The announcement is significant in terms of the number of people impacted, though it represents just 1.

Profet AI helps manufacturers build prediction models and industrial AI software

Profet AI, a Taiwanese startup that makes auto machine learning software for manufacturers, announced today it has raised $5.6 million in Series A funding. The round was led by Darwin Ventures. Returning investors Hive Ventures, AUO and SVTI also participated, along with Harbinger VC and Jensen Cap

Salesforce to cut workforce by 10% after hiring ‘too many people’ during the pandemic

Salesforce has announced that it’s cutting some 10% of its workforce, impacting more than 7,000 employees, while it will also shutter offices in “certain markets.” In a letter to employees and a corresponding filing with the Securities and Exchange Commission (SEC), Salesforce CEO

SurrealDB raises $6M for its database-as-a-service offering

There’s plenty of vendors in the managed database services market — and plenty that are well financed. Take a look at SingleStore, which last October raised $30 mlion to bring its database tech to new customers. There’s also EdgeDB, which landed $15 mlion in November ahead of the

Snaptrude gets VC backing to take on Autodesk in building design space

Snaptrude, a young startup, is attempting to disrupt Autodesk in the building design space, giving customers modern and broader sets of features at a more affordable cost. The early progress by the New York City-headquartered firm has helped it court thousands of customers and now, a seed funding.