Mike Wheatley
Latest from Mike Wheatley
Dutch chip manufacturing quality control startup Nearfield Instruments raises €135M
Semiconductor manufacturing gear startup Nearfield Instruments B.V. said today it has closed on €135 million ($147.6 million) in new funding to accelerate the growth of its novel process control systems for the chipmaking industry. Today’s Series C round was led by the U.S. venture capital firm Walden Catalyst and Singapore-based Temasek. M&G Investment, Innovation Industries, ...
Report: Collaboration software firm Smartsheet discussing potential buyout with private equity
Enterprise work management and collaboration software firm Smartsheet Inc. is holding talks with U.S. investment bankers after attracting interest from private equity firms exploring the possibility of a buyout, Reuters reported today. The Bellevue, Washington-based company, which has a market capitalization of $6.6 billion, is reportedly working with Qatalyst Partners to review the approaches of ...
Healthcare revenue collection startup Thoughtful AI raises $20M in early-stage funding
Healthcare industry-focused revenue cycle management startup Thoughtful Automation Inc. said today it’s ready to accelerate its business after closing on a $20 million early-stage funding round. Today’s Series A round was led by Nick Solaro of Drive Capital and saw the participation of existing investor TriplePoint Capital. It brings the startup’s total amount raised to ...
Chip stocks suffer biggest single-day loss on threat of tougher restrictions on Chinese exports
The Philadelphia Semiconductor Index saw more than $500 billion in value wiped out from its stocks today, posting its worst single-day performance since 2020. The fall came after a Bloomberg report said the United States government is considering introducing tighter restrictions on the sale of computer chipmaking technologies to China. Shareholders’ fears were worsened when the ...
Figma confirms undisclosed funding round that brings its value to $12.5B
Collaborative design software startup Figma Inc. today confirmed it has closed on a significant funding round led by a group of investors including Coatue Management, Alkeon Capital Management and General Catalyst Partners. The size of the deal was not disclosed, but Bloomberg reported that it values the company at $12.5 billion. The report cites people with ...
OpenAI researchers pit two AI models against each other in a game of deception to improve AI explainability
OpenAI today published a research paper that outlines a new way to improve the clarity and explainability of responses from generative artificial intelligence models. The approach is designed to improve confidence in AI systems so they can be relied upon in the most critical use cases where accuracy is paramount. The method involves pitting two models ...
Legal AI startup Leya AB raises $25M to help lawyers boost their productivity
Swedish startup Leya AB has raised $25 million in Series A funding as it sets about transforming the legal services industry with its dedicated artificial intelligence tools that help guide users through intricacies of law. Today’s round was led by Redpoint Ventures and saw participation from a host of others prominent Silicon Valley-based venture capital ...
Pindrop Security raises $100M funding to fight deepfakes with AI-powered voice authentication tech
Voice authentication and security startup Pindrop Security Inc. said today it has raised $100 million in debt financing from Hercules Capital Inc. to accelerate the development of its “cutting-edge” audio, voice and artificial intelligence technologies. Pindrop is the creator of voice authentication technology that’s used by companies to detect fraudsters and authenticate customers in a ...
Hybrid cloud data management startup CTERA Networks targets AI workloads after raising $80M
Hybrid cloud data management startup CTERA Networks Ltd. said today it’s aiming to expand its presence in the “data intelligence” business after closing on an $80 million funding round. Today’s investment was led by PSG Equity, whose managing director Ronen Nir is joining its board of directors, alongside representatives from existing investors such as Benchmark, ...
DeepL launches newest dedicated translation large language model for business users
DeepL SE, a well-funded translation software startup that leverages customized artificial intelligence models for improved accuracy over traditional platforms, has announced the debut of its most powerful AI model yet. The startup’s next-generation language model is said to be designed specifically for translation and editing tasks. It’s based on a highly specialized large language model ...