Enterprise

When HashiCorp announced it was changing its Terraform license in August, it set off a firestorm in the open source community, and actually represented an existential threat to startups that were built on top of the popular open source project. The community went into action and within weeks they h

Factory downtime is an expensive problem. According to one estimate, it costs enterprise companies 11% of their yearly turnover, amounting to almost $1.5 trillion each year. That works out to about $129 million per facility among Fortune 500 companies, over double what Fortune 500 companies reporte

David Van Bruwaene was pursuing his PhD in philosophy at Cornell when he developed a passion for linguistics and natural language processing (NLP), the subfield of AI concerned with allowing machines to understand human language. After leaving academia to join VISR, an AI startup focused on applyin

At the Open Source Summit Europe in Bbao, Spain, the Linux Foundation today announced the launch of the Unified Acceleration (UXL) Foundation. The group’s mission is to deliver “an open standard accelerator programming model that simplifies development of performant, cross-platform appl

Cato Networks, the Tel Aviv-based startup that packages software-defined networking, managed cybersecurity and global backbone services into a single offering, today announced that it raised $238 million in an equity investment that values the company at over $3 billion. LightSpeed Venture Partners

Pryon, a startup developing an AI-powered platform to look for insights in — and surface answers from — enterprise knowledge bases, today announced that it raised $100 million in a funding round led by Thomas Tull's U.S. Innovative Technology Fund. Pryon’s founder, Igor Jablok

As organizations shift their operations to the cloud, they’re experiencing more security incidents — the result of challenges around the transitions from on-premises to remote data and infrastructure management. According to a recent survey, 80% of companies experienced at least one clo

Update: CrowdStrike has now officially confirmed the deal. As we previously reported, CrowdStrike will merge Bionic’s tech with its Falcon product. “The cloud is cybersecurity's new battleground, yet the industry's answer to-date has been disjointed point security tools or '

The U.S. is famous (or infamous) for its litigiousness: The country may not have the highest per capita amount of lawsuits (that’s Germany), but it has the most of any country overall amid a very active legal industry whose caseload is growing in a market that is worth many tens of billions o

Investors haven’t tired of generative AI startups yet — particularly those with clear enterprise applications. Case in point, Writer, which is developing what it describes as a “full-stack” generative AI platform for businesses, today announced it raised $100 million in a S

Days after Oracle missed Q1 2023 revenue expectations and gave a downbeat rest-of-year outlook, sending its share price to suffer the worst one-day performance in 21 years, the cloud provider announced a team-up with Microsoft to co-locate a portion of its infrastructure in the Azure cloud. The unu

This morning, data and AI giant Databricks said it had raised a new $500 million funding round from venture capitalists, crossover capital funds, and strategic investors. The new cash values Databricks at $43 billion, a material step up from its last private valuation set in 2021, when the company

“The growth of AI, I believe, is the growth of Arm,” Arm EVP and Chief Commercial Officer Will Abbey told me this morning, minutes before the chip designer’s stock started trading on Nasdaq. While AI may not always be the first thing you think about when you hear about Arm, when I

LastMile AI, a platform designed to help software engineers develop and integrate generative AI models into their apps, has raised $10 million in a seed funding round led by Gradient, Google's AI-focused venture fund. AME Cloud Ventures, Vercel's Guillermo Rauch, 10x Founders and Exceptiona