Databricks is Raising $10B Series J Investment at $62B Valuation

Funding led by new investor Thrive Capital Company expects to cross $3B in revenue run rate and achieve positive free cash flow in fourth quarter Press Release – SAN FRANCISCO, CA — December 17, 2024 — Databricks, the Data and AI company, today announced its Series J funding. The company is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion to date. This … Continue reading Databricks is Raising $10B Series J Investment at $62B Valuation

Impact Newswire20/12/202420/12/2024

United States

BigBear.ai and Proof Labs Collaborate to Develop Cyber Resilient On-Orbit (CROO) Solution for the Department of the Air Force

Press Release – December 16, 2024 – COLUMBIA, Md. – BigBear.ai (NYSE: BBAI), a leading provider of AI-powered decision intelligence solutions for defense and national security, today announced a collaboration with Proof Labs Inc to deliver an advanced cyber resiliency solution for the Department of the Air Force (DAF). Proof Labs Inc, as the prime contractor, was awarded the AFWERX Small Business Innovation Research (SBIR) … Continue reading BigBear.ai and Proof Labs Collaborate to Develop Cyber Resilient On-Orbit (CROO) Solution for the Department of the Air Force

Impact Newswire19/12/202419/12/2024

United States

FICO Wins Banking Tech Award for Blockchain and AI Innovation

FICO’s use of blockchain for AI model governance wins Tech of the Future: Blockchain and Tokenisation award Press Release – December 16, 2024 – LONDON – At the Banking Tech Awards in London, global analytics software leader FICO won the Tech of the Future – Blockchain and Tokenisation award for its innovative work using blockchain technology for AI model governance. FICO’s use of blockchain to … Continue reading FICO Wins Banking Tech Award for Blockchain and AI Innovation

Impact Newswire18/12/202418/12/2024

Global

Arctic Wolf and BlackBerry Announce Acquisition Agreement for Cylance

Arctic Wolf to enhance its Security Operations Aurora Platform with best-in-class endpoint prevention, detection, and response Press Release – WATERLOO, ONTARIO and EDEN PRAIRIE, MINNESOTA – December 16, 2024 – Arctic Wolf® and BlackBerry Limited (NYSE: BB; TSX:BB), two global leaders in security software and services, today announced they have entered into a definitive agreement for Arctic Wolf to acquire BlackBerry’s Cylance® endpoint security assets. Cylance is the pioneer of … Continue reading Arctic Wolf and BlackBerry Announce Acquisition Agreement for Cylance

Impact Newswire18/12/202418/12/2024

United States

Phenom Earns Gold for Best Advance in GenAI for Business Impact — Plus Five Awards Across Talent Acquisition, Development and Retention

Press Release – December 11, 2024 – PHILADELPHIA – Phenom, a global AI company, earned six Excellence in Technology Awards including gold for its Phenom X+ generative AI solution. The Brandon Hall Group™ awards recognize excellence in Learning and Development, Talent Management, Talent Acquisition, Human Resources, Sales Enablement, Future of Work, and Education Technology. “Phenom’s powerful combination of award-winning solutions delivered from a single platform is helping … Continue reading Phenom Earns Gold for Best Advance in GenAI for Business Impact — Plus Five Awards Across Talent Acquisition, Development and Retention

Impact Newswire17/12/202417/12/2024

United States

SymphonyAI’s IRIS Foundry Named AI Impact of the Year Champion in Digital Engineering Awards

Industrial AI platform recognized for transforming manufacturing operations through predictive and generative AI capabilities Press Release – December 11, 2024 – PALO ALTO, Calif. – SymphonyAI, a leader in predictive and generative AI SaaS products for the enterprise, has been named AI Impact of the Year Champion at the Digital Engineering Awards for its IRIS Foundry industrial AI data operations platform. The award recognizes IRIS … Continue reading SymphonyAI’s IRIS Foundry Named AI Impact of the Year Champion in Digital Engineering Awards

Impact Newswire17/12/202417/12/2024

United States

Ivanti Names Software Industry Leader Dennis Kozak as CEO

Former CEO Jeff Abbott Remains on Board of Directors Press Release – SALT LAKE CITY – December 11, 2024 – Ivanti, the software company that breaks down barriers between IT and security so that Everywhere Work can thrive, announced today that it has named current Ivanti COO Dennis Kozak as Chief Executive Officer (CEO) in a planned transition, effective January 1, 2025. He succeeds Jeff … Continue reading Ivanti Names Software Industry Leader Dennis Kozak as CEO

Impact Newswire16/12/202416/12/2024

United States

Anduril and Palantir to Accelerate AI Capabilities for National Security

Partnership will facilitate the flow of national security data from the tactical edge to the cloud-based enterprise Press Release – December 06, 2024 – DENVER – Palantir and Anduril, two leading companies at the intersection of commercial technology and national security, are launching a new consortium to ensure that the U.S. government leads the world in artificial intelligence. Our goal is to deliver the technological … Continue reading Anduril and Palantir to Accelerate AI Capabilities for National Security

Impact Newswire13/12/202413/12/2024

United States, Untied Kingdom

AI-Based Innovations Propel Retail Profitability and Sustainability, Research Finds

Top Retailers Boost Profits 39% and Cut Carbon Intensity 21% Over Five Years, Fueled by AI and Connected Retail Advancements Press Release – December 11, 2024 – LONDON & PALO ALTO, Calif. – Retail Economics, an independent economics research consultancy focused on the consumer and retail industry, and SymphonyAI, a leader in predictive and generative AI SaaS products for the enterprise, today released results of new … Continue reading AI-Based Innovations Propel Retail Profitability and Sustainability, Research Finds

Impact Newswire12/12/202412/12/2024