Tech Meme

Alex Wilhelm / TechCrunch: Databricks raised a $500M Series I at a $43B valuation, after raising $1.6B at a $38B valuation in August 2021, ahead of an IPO, and reports 10K+ customers  —  Data analytics and AI software maker Databricks has raised a Series I round worth more than $500 million, earning a valuation of $43 billion. Lees verder op Tech Meme

Bloomberg: How Joseph Bankman and Barbara Fried, both renowned Stanford scholars, opened doors for their son, Sam, and provided a halo effect for FTX before its implosion  —  Joseph Bankman and Barbara Fried, both renowned Stanford scholars, opened doors for their son and provided a halo effect for his company. Lees verder op Tech Meme

Financial Times: Munich-based Helsing, which makes software for European militaries, raised €209M led by General Catalyst; Saab paid €75M for a 5% stake, for a €1.5B valuation  —  €209mn deal is latest example of sector defying VC downturn amid Ukraine war, and rising tensions between China and west Lees verder op Tech Meme

Sam Rutherford / Engadget: Hands-on with the HP Spectre Fold: a very striking design, slim bezels, a 17-inch 2560 x 1920 OLED display, 8.5mm thin, Intel i7-1250U, 16GB of RAM, and more  —  HP’s first “3-in-1” is incredibly sleek but can it live up to that price?  —  Senior Writer, Reviews Lees verder op Tech Meme

Monica Chin / The Verge: HP unveils the Spectre Fold, a foldable PC that can be used as 17-inch tablet or laptop, or as a 12.3-inch laptop, weighing under 3lb, starting at $5,000  —  Over the past few years, companies across the PC space have been engaged in a slow, but steady race to build a foldable laptop that people might actually want to buy. Lees verder op Tech Meme

Bloomberg: Sources: Microsoft’s proposal to split Teams off into a standalone app did not satisfy EU regulators, who are readying a formal complaint against Microsoft  —  Microsoft’s recent proposal to split its Teams from a broader business software package and sell it to customers separately with an annual discount … Lees verder op Tech Meme

SemiAnalysis: How Arm, bolstered by success in architecture, licensing, and ecosystem, is looking to maintain a sustainable model by raising prices, not chasing market share  —  Cheap If They Can Charge Qualcomm-like Royalties?  —  ∙ Paid  —  Arm’s success can be attributed to its innovative architecture … Lees verder op Tech Meme

Bloomberg: Lenders allege that Indian edtech giant Byju’s hid $533M in an obscure three-year-old hedge fund that once said it was based out of an IHOP restaurant in Miami  —  – New lender suit seeks to recover cash from Camshaft Capital  — Hedge fund was founded just three years ago, lenders say Lees verder op Tech Meme

New York Times: How Instacart CEO Fidji Simo helped find new ways for the company to make money, including via expanding its ads and software, which made $406M in 2023 revenue  —  As it prepares to go public next week, Instacart shows that one secret to making money as a gig economy company is to become an advertising company. Lees verder op Tech Meme

Newley Purnell / Wall Street Journal: Top10VPN: India’s internet shutdowns between 2019 and 2022 cost over $4.8B in economic activity and affected more than 120M people in 2022  —  Online sellers and ride-hailing drivers count the cost as authorities cut off the internet more than in any other country Lees verder op Tech Meme