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. -...

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...

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. -...

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...

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...

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...

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...

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...