Maria Deutscher
Latest from Maria Deutscher
Legal software startups Clio and Harvey raise nine-figure funding rounds
Clio and Harvey, two fast-growing startups that sell software for legal professionals, have raised $1 billion in combined funding to expand their market presence. Clio disclosed this morning that it has closed a $900 million Series F round at a $3 billion valuation. In conjunction, Harvey announced that it has secured $100 million from an ...
Wiz reportedly ends $23B acquisition talks with Google
Wiz Inc. has reportedly ended discussions with Google LLC about an acquisition that could have valued the cybersecurity startup at $23 billion. The Wall Street Journal and CNBC reported the development today, citing an internal Wiz memo. Chief Executive Officer Assaf Rappaport (pictured, second from left) wrote in the note that “saying no to such ...
Code Metal launches with $16.5M to optimize enterprise software for edge devices
Startup Code Metal Inc. launched today with a software platform designed to help developers optimize their code for edge computing devices. The Boston-based startup has raised $16.5 million over two rounds to support its commercialization efforts. The bulk of the capital, $13.5 billion, came from a seed raise led by Shield Capital. The rest was ...
Google no longer plans to end support for third-party cookies in Chrome
Google LLC has scrapped its plans to phase out Chrome’s support for third-party cookies. The company disclosed the decision today. It detailed that some of the technologies built as part of Privacy Sandbox, the development initiative through which it planned to phase out third-party cookies, are still set to become available in Chrome. The change ...
EU finds that Meta’s ad-free tier may be in breach of consumer protection rules
The European Union has informed Meta Platforms Inc. that the ad-free version of Facebook and Instagram may breach the bloc’s consumer protection laws. The CPC Network, a group of EU-based consumer protection agencies, notified the company of the development in a letter sent today. The group also asked Meta to suggest ways of bringing its ...
Linx Security raises $33M for its identity security platform
Linx Security Inc., a startup that helps enterprises secure their employees’ application accounts, launched today with $33 million in funding. The Tel Aviv-based company raised the capital over two rounds. The initial $6 million raise was led by Cyberstarts, which later returned to co-lead a $27 million investment in Linx together with Index Ventures. Cerca ...
Magic Leap reportedly lays off its sales and marketing teams amid pivot to tech licensing
Magic Leap Inc., the heavily funded mixed reality startup, has reportedly laid off its sales and marketing teams. Bloomberg today cited sources as saying that the restructuring affected about 75 employees. It’s unclear if the job cuts were limited to the sales and marketing departments or also hit other units. According to the report, Magic ...
Faulty CrowdStrike update causes one of the largest-ever IT outages
A faulty software update from CrowdStrike Holdings Inc., a major cybersecurity provider, has disrupted the operations of hospitals, financial institutions and numerous other organizations around the world. The incident has been described as one of the largest-ever information technology outages. Experts are warning that some companies could take days to recover their systems fully. CrowdStrike ...
OpenAI, Nvidia, Google and others launch AI cybersecurity consortium
More than a dozen tech firms have teamed up to launch an industry group dedicated to making artificial intelligence applications more secure. The Coalition for Secure AI, or CoSAI, was announced today at the Aspen Security Forum. It will operate under the wing of OASIS, a nonprofit that oversees the development of several dozen open-source ...
TSMC tops quarterly expectations with 40% revenue growth
Strong demand for artificial intelligence chips helped Taiwan Semiconductor Manufacturing Co. grow its revenue by 40% year-over-year in the second quarter. The company today reported sales of 673.51 billion New Taiwan dollars, or $20.82 billion, for the three months ended June 30. That’s up from NT$480.84 billion a year earlier. TSMC exceeded the consensus revenue ...