Business
Apax Partners Acquires Thoughtworks for $1.75 Billion
Key Takeaways:
- Apax Partners, a British private equity firm, will acquire Thoughtworks Holding Inc.
- The All-Cash deal is estimated to be about $1.75 billion.
-...
Business
Seattle’s Seeq Secures $50M in Series D Round for Industrial Analytics
Key takeaways:
- Seattle-based industrial analytics company, Seeq, has secured a funding round of $50 million.
- The funding was led by Sixth Street Growth and...
Business
ITpipes Secures $20M Funding to Streamline Underground Asset Inspections
Key Takeaways
- ITpipes, a pipeline inspection software company, raised $20 million in a funding round backed by Trilogy Search Partners and Miramar Equity Partners.
-...
Business
Microsoft Unveils General Availability of Purview with New Enhancements for Data Governance
Key Takeaways:
- Microsoft Corp. announces general availability of the Purview Data Governance solution to manage expanding data landscape.
- The company is integrating new advancements...
Business
Amazon Q2 Profits Surpass Expectations Despite Disappointing Sales
* Amazon's Q2 results reveal lower-than-expected sales yet a striking surge in profits.
* Revenue from Amazon Web Services increases by 18.7%, contributing significantly to...
Business
Microsoft Bolsters Product R&D Roles: Records 12% Surge Amid Layoffs and Decline in Operations Roles
Key Takeaways:
- Microsoft sees a 12% increase in product-related R&D jobs.
- Operations roles at Microsoft decreased by over 3%.
- Sales and marketing roles at...
Business
AI Firm Groq Secures $640M Funding, Led by BlackRock, to Boost High-Speed Inference Compute
Key Takeaways:
- Groq Inc., an AI and machine learning chip manufacturer, raised a significant $640 million funding
- The funding round was led by BlackRock...
Business
Neon Inc. Procures $25M in Fresh Investment for Serverless Database
Key Takeaways:
- Neon Inc., a startup specializing in serverless distributions of the open-source Postgres database, has obtained $25 million in new funding.
- The investment...