Enterprise

Progress acquires file management platform ShareFile for $875M

Progress, a Bedford, Massachusetts-based software firm, on Monday announced that it intends to acquire file management platform ShareFile for $875 million in cash and credit. Progress CEO Yogesh Gupta said that the deal, which is expected to close by November 30, will bolster Progress’ portfolio with tools to help businesses more efficiently share — and […]

Progress acquires file management platform ShareFile for $875M Read More »

Data infrastructure startup Cribl raises $319M at a $3.5B valuation

San Francisco-based data infrastructure startup Cribl has raised $319 million in a Series E funding tranche led by new investor GV (Alphabet’s corporate venture arm) with participation from GIC, CapitalG, IVP and CRV. Bringing Cribl’s total raised to $600 million, the cash injection values the company at $3.5 billion — up around 40% from Cribl’s

Data infrastructure startup Cribl raises $319M at a $3.5B valuation Read More »

Cohere raises $500M to beat back generative AI rivals

Cohere, a generative AI startup co-founded by ex-Google researchers, has raised $500 million in new cash from investors including Cisco, AMD and Fujitsu. Bloomberg says that the round, which also had participation from Canadian pension investment manager PSP Investments and Canada’s export credit agency EDC, values Toronto-based Cohere at $5.5 billion. That’s more than double

Cohere raises $500M to beat back generative AI rivals Read More »

CrowdStrike’s rivals stand to benefit from its update fail debacle

The CrowdStrike debacle — a bug in the company’s Windows software that had the disastrous effect of rendering PCs unusable — has disrupted flights, canceled elective medical treatments, and left many an office worker twiddling their thumbs for hours. Unsurprisingly, it’s also tanked CrowdStrike’s stock price, even as the company’s CEO, George Kurtz, promises a

CrowdStrike’s rivals stand to benefit from its update fail debacle Read More »

CrowdStrike’s rivals stand to benefit from its debacle

The CrowdStrike debacle — a bug in the company’s Windows software that had the disastrous effect of rendering PCs unusable — has disrupted flights, canceled elective medical treatments, and left many an office worker twiddling their thumbs for hours. Unsurprisingly, it’s also tanked CrowdStrike’s stock price, even as the company’s CEO, George Kurtz, promises a

CrowdStrike’s rivals stand to benefit from its debacle Read More »

OpenAI Startup Fund backs AI healthcare venture with Arianna Huffington

Huffington Post founder Arianna Huffington and OpenAI CEO Sam Altman are throwing their weight behind a new venture, Thrive AI Health, that aims to build AI-powered assistant tech to promote healthier lifestyles. Backed by Huffington’s mental wellness firm Thrive Global and the OpenAI Startup Fund, the early-stage venture fund closely associated with OpenAI, Thrive AI

OpenAI Startup Fund backs AI healthcare venture with Arianna Huffington Read More »

OpenAI buys Rockset to bolster its enterprise AI

OpenAI has acquired a company, Rockset, building tools to drive real-time search and data analytics. In a post on its official blog, OpenAI said that it would integrate Rockset’s technology to “power [its] infrastructure across products.” Members of Rockset’s team will join OpenAI, and Rockset’s existing customers will be transitioned off of Rockset’s platform “gradually.”

OpenAI buys Rockset to bolster its enterprise AI Read More »

Mistral launches new services, SDK to let customers fine-tune its models

French AI startup Mistral is introducing new AI model customization options, including paid plans, to let developers — and enterprises — fine-tune its generative models for particular use cases. The first is self-service. Mistral has released a software development kit (SDK), Mistral-Finetune, for fine-tuning its models on workstations, servers and small datacenter nodes. In the

Mistral launches new services, SDK to let customers fine-tune its models Read More »