Business

Anduril Industries Sees Soaring $14B Valuation Following $1.5B Investment Round

Key Takeaways: * Defense technology startup Anduril Industries secures $1.5 billion funding round * Valued now at $14 billion, an increase from a previous $8.5 billion *...

Rackspace Triumphs with Skyrocketing Stock Following Stellar Financial Results

Key Takeaways: - Rackspace Technology Inc. shares soared during the regular trading period and continued to accelerate after market close. - The company exceeded analysts' forecasts...

DevRev Inc. Secures $100.8M Series A Funding, Achieves $1.15B Valuation

Key Takeaways: - AI platform DevRev Inc. raises $100.8 million in a Series A funding round. - The funding round has increased the company's valuation to...

Two Amazon Affiliated Delivery Firms in California Cease Operations: Over 170 Jobs Lost

Key Takeaways: - Two delivery companies affiliated with Amazon in Orland, California are suspending operations, leading to over 170 layoffs. - The companies, Beacon Logistics and...

Datadog’s Rapid Expansion in Google Cloud Marketplace Pave Way for More Advanced Offerings

Key Takeaways: - Google LLC provides machine learning and observability tools to organizations through Google Cloud Marketplace. - Many independent software vendors, including Datadog Inc., aid...

Altana Technologies Secures $200M in Series C Funding for Supply Chain Analytics

Key Takeaways: - Altana Technologies Inc., a startup focused on regulatory compliance and supply chain reliability, raises $200 million in Series C funding round. - The...

CredoAI Secures $21 Million Funding to Pioneer Responsible AI Development

Key Takeaways: - CredoAI has succeeded in raising $21 million in a funding round. - CrimsoNox Capital, Mozilla Ventures, and FPV Ventures led the funding round. -...

Gradient AI Raises $56M in New Funding to Boost Efficiency in the Insurance Sector

Key Takeaways: - Gradient AI secures $56 million in financing for product enhancement aimed at the insurance industry. - The AI enterprise software company established in...