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Mindtree and Databricks team up on cloud-based data intelligence
Mindtree and Databricks have teamed up to help customers implement cloud-based data platforms for advanced analytics. The combined service will support use of the Databricks platform from implementation throughout the customer journey. Databricks offers a solution for data engineering, collaborative data science, machine learning, and business analytics through a lakehouse architecture.
TuSimple, a self-driving trucks startup raises $350m
Self-driving trucks startup TuSimple has raised $350 million in funding. The round was led by VectoIQ LLC, with participation from Goodyear, Union Pacific, CN Rail, freight company U.S. Xpress and retailer Kroger. TuSimple has raised $648 million since its founding in 2015 and has said repeatedly that it will put a fully autonomous truck on the road in 2021.
Monzo closes $60m funding round
UK challenger bank Monzo has closed a $60m funding round, according to a TechCrunch report. It said that the round was priced the same as and effectively an extension of the its previous top-up round in June. New funding comes from Deliveroo and Stripe investor Novator, Kaiser, and TED Global, as well as existing investor Goodwater and values Monzo at $1.2bn.
AWS re:Invent: Cloud giant releases raft of new features
AWS has used its re:Invent conference to announce a series of new features which boost its cloud portfolio. Alongside five machine learning features and three new analytics tools, CEO Andy Jassy revealed Amazon DevOps Guru, a system that detects operational IT problems. The firm also took the covers off four new container capabilities, four storage innovations and multiple compute improvements.
HPE leaves Silicon Valley
Hewlett Packard Enterprise will leave Silicon Valley and relocate its headquarters to Houston, Texas, where it's constructing a new campus. HPE said the move will not prompt layoffs, but it is unclear how many employees will transfer. Antonio Neri, HPE's CEO said that the move was motivated by "business needs, opportunities for cost savings, and team members' preferences about the future of work."
Salesforce to buy Slack for $27.7bn
Salesforce is to buy Slack for $27.7bn. The deal marks its biggest-ever acquisition and pits it head-to-head with Microsoft in the remote working and collaboration space. Slack has 12.5m users but has struggled to compete with Microsoft Teams. Salesforce CEO Marc Benioff called the deal a "match made in heaven", while Stewart Butterfield, Slack co-founder, said "the opportunity is massive".
Libra cryptocurrency project changes its name to Diem Network
Facebook-backed Libra cryptocurrency has changed its name to Diem Network to distance itself from the social media giant, as well as to try to obtain regulatory approval for its launch. The independent organization that runs the project, the Libra Association, will now be known as the Diem Association, and, according to Bloomberg, its currency will be called the Diem Dollar.
Zoom chooses AWS as preferred cloud partner
Zoom and Amazon have agreed a multi-year partnership which will see AWS continue as Zoom’s preferred cloud provider. Eric S. Yuan, CEO of Zoom, credited AWS with helping the company deal with surging demand during the pandemic.“Looking forward, we will continue to innovate alongside AWS to reinvent virtual collaboration and deliver secure and exciting experiences for our customers," he added.
Customer success startup Gainsight acquired by Vista Equity Partners
Customer success startup Gainsight has been acquired by Vista Equity Partners in a deal that values that company at $1.1bn. Gainsight’s technology helps companies prevent churn by identifying at-risk customers, creating systematic processes to mitigate concerns, and ramping up engagement efforts. Its customer base includes leading companies such as GE Digital, SAP Concur, and Box.
SoftBank takes 10.1% stake in Sinch
SoftBank has invested in Sinch, the fast-growing Swedish cloud provider. It has taken a 10.1% stake from major shareholders and via a direct share issue. Sinch's stock has soared by 300% in 2020 as cloud demands skyrockets in the wake of COVID-19. SoftBank's stake is worth around $780m. Sinch says it will use the funds "to increase the company's financial flexibility for new acquisitions".
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