Hammerspace ingests $56M for a new approach to work with vast amounts of unstructured data

Data may be “the new oil,” but only when it can be extracted and put to use. Today, a five-year-old startup called Hammerspace that is giving any kind of data that lease of life is announcing $56 million in funding — its first institutional investment — as it expands its bus

Tractable snaps up $65M led by SoftBank for car and property damage appraisals using AI

When it comes to transforming business operations, artificial intelligence holds a lot of promise across many industries. Today, a startup that has been an early mover in the area of applying AI, and specifically computer vision, to the world of insurance is announcing a round of growth funding to

Isometric taps $25M to build a registry and science platform focused on carbon removal

Carbon removal — technology that removes carbon dioxide from the atmosphere and stores it in geological, terrestrial or ocean reservoirs—or in durable products — saw a big splash of attention last year after Stripe, Shopify, Meta, Alphabet and more collectively agreed to pump $1 billi

Runway lands $27.5M to streamline financial planning for businesses

Siqi Chen, the former president of Sandbox VR, the brick-and-mortar VR experience franchise, didn’t always have a strong grasp of finance. And it’s something he felt self-conscious about. “I've always thought it was something for ‘real business people’ and I could

Wix’s new tool can create entire websites from prompts

What does one expect from a website builder in 2023? That’s the question many startups — and incumbents — are trying to answer as the landscape changes, driven by trends in generative AI. Do no-code drag-and-drop interfaces still make sense in an era of prompts and media-generatin

AI didn’t invent creative remixing

In the late 1950s and early 1960s, a group of artists and writers stayed at a run-down hotel in Paris that came to be known as the The Beat Hotel. Their proximity to one another produced some incredibly creative artistic cross-pollination. The Beat-generation creatives living there were experimenti

On-prem data centers are hanging in, but cloud capacity is growing much faster

In 2017, on-prem data centers accounted for nearly 60% of capacity. By 2027, Synergy Research is projecting that number will be cut in half, but that data doesn't tell the whole story. New research from Synergy finds that on-prem data center growth is actually hanging in, but over the next five

LG Electronics plans $39.5B investment to reach $79B in sales by 2030

LG Electronics plans to spend $39.5 billion (50 trillion won) in R&D, facility and strategic investment as it aims to reach $79 billion (100 trillion won) in sales by 2030, up from $51.4 billion (65 trillion won) in 2022.  The Korean electronics and appliances behemoth, once a major name in th

Grammarly to shut down the Text Editor SDK in January

Yesterday, in a blog post, Grammarly announced that it would be discontinuing the Text Editor SDK, the developer tool that puts the company’s automated editing functionality into any app. The tool will be shut down on January 10th, 2024, after which the functionality will cease to work in any

Secure Code Warrior lands $50M to educate developers on best cyber practices

"speakable-summary" style="font-weight: 400;">In 2015, Pieter Danhieux and Matias Madou, both cybersecurity analysts, came to the realization that they wanted to provide a way to make software more secure by empowering developers with the skills and tools to enhance their speed of delivery. They str

Google Cloud infrastructure head Urs Hölzle stepping down

Urs Hölzle began working for Google in 1999 at a time when people were using Yahoo and Alta Vista to search the internet. As Google grew in popularity over the years, he moved through the ranks. Most recently he has been running infrastructure for Google Cloud, reporting directly to CEO Thomas Kur

Istio graduates

The Cloud Native Computing Foundation (CNCF) today announced that Istio, the open source service mesh originally developed by Google and IBM and but on top of Lyft’s Envoy proxy, has graduated from its status as an incubating project and moved to join the likes of Kubernetes, Prometheus and f

Inngest helps developers build their back-end workflows, raises $3M

Inngest, an open source startup that helps developers build and manage serverless queues, background jobs and workflows, today announced that it has raised a $3 million seed round led by GGV. Co-founded in 2021 by former Buffer CTO Dan Farrelly and Tony Holdstock-Brown, a former Docker engineer and

Voice cloning platform Resemble AI lands $8M

Resemble AI, a platform that uses generative AI to clone realistic-sounding voices, today announced that it raised $8 million in a Series A round led by Javelin Venture Partners, with participation from Craft Ventures and Ubiquity Ventures. The tranche, which brings the startup’s total raised