Ram Iyer

Developer platform GitLab has laid off about 14% of its workforce, about 350 employees, as part of a broader restructuring effort it detailed last month.

6 pts Ramp has nearly tripled its valuation over the past year as investors scramble to grab a part of the fast-growing startup.

AI vendors promote their enterprise products as if they're turnkey solutions, but the chances are low that AI agents will hit the ground running right away.

6 pts The funding round would value the company at around €20 billion (about $23.15 billion), nearly double its Series C valuation of €11.7 billion.

The funding round would value the company at around €20 billion (about $23.15 billion), nearly double the €11.7 billion valuation it in a Series C funding round last September.

After 18 years of focusing on Europe, early-stage investor said on Monday that it had raised $320 million for its latest fund which will see it expanding its presence in the United States.

10 pts Netris provides software that runs on network switches, and offers a platform that helps neocloud operators reduce the time it takes to go live.

9 pts Venice AI is already profitable, with annualized run-rate revenues of over $70 million, CEO Erik Voorhees said.

Billionaire Jeff Bezos' space rocket company Blue Origin is raising $10 billion at a $130 billion pre-money valuation from Coatue Asset Management, Bezos himself, and other large investors, The New York Times reported

In a bid to lower its GPU costs amid an unprecedented component shortage, Meta is on track to start making the latest versions of its AI-specific chip in September, Reuters reported , citing an internal memo.