Financial News
Salesforce and IBM partner to leverage Artificial Intelligence
Salesforce and IBM announce a strategic global partnership aimed to jointly deliver Artificial Intelligence (AI) solutions. This AI partnership is designed to influence the way companies make decisions smarter and quicker than ever before. IBM Watson, the AI platform introduced by IBM and Salesforce's AI platform Einstein will seamlessly integrate to empower AI and take it to a new level across sales, marketing, service, commerce, and other customer engagement channels. In the long run, IBM will enable its clients to deploy the combination of Watson and Salesforce Einstein to make smart and informed business decisions. Together, Watson and Einstein will bring new insights from the former directly into the latter.
Evolv raises $18 million for body scanners that don't cause long lines at security
For a previous generation in the US, the only places where one might worry about the possibility of a mass casualty were "high-value targets," like airports and government offices, places that have body scanners and bag inspections, security guards and long lines to get in today. But attackers increasingly strike at public places like nightclubs, stadiums, clinics, malls, places of worship and schools. A startup called Evolv Technology Inc., has raised $18 million to help venues with even a limited budget use advanced technology rather than pat downs to detect and prevent mass casualties. Investors in Evolv's new round of funding included General Catalyst, Lux Capital, Gates Ventures, and Data Collective. The Waltham, Mass.-based startup has created both hardware and software for physical security.
Coupa Software's (CSOFT) CEO Rob Bernshteyn on Q4 2016 Results - Earnings Call Transcript
Welcome to the Coupa Software Fourth Quarter and FY '17 Earnings Conference Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Miss Cynthia Hiponia. This is Cynthia Hiponia, Coupa Investor Relations and I'm pleased to welcome you to Coupa Software's fourth quarter earnings conference call. The primary purpose of today's call is to provide you with information regarding our FY '17 fourth quarter performance, in addition to our financial outlook for our FY '18 first quarter and full year. Just a reminder that our remarks today include forward-looking statements about our guidance and future results of operations, business strategies and plans, market size, products, competitive position and potential growth opportunities. Our actual results may be materially different. Forward-looking statements involve risks, uncertainties and assumptions that are described in our earnings release and our Form 10-Q filed with the SEC on December 9, 2016. These forward-looking statements are based on our beliefs and assumptions today and we disclaim any obligation to update any forward-looking statement. If this call is replayed after today, the information presented during this call may not contain current or accurate information. During the call, we'll also present both GAAP and non GAAP financial measures. A reconciliation of non-GAAP to GAAP measures is included in today's earnings release which you could find on our Investor Relations website. A link to the replay of this call will also be available there and if you prefer to access the replay via phone you can find that information in the earnings release as well. Unless otherwise stated, gross comparisons made on this call are against the same period of the prior year. On behalf of my colleagues at Coupa, I'd like to start by thanking our customers. We thank them for their enthusiasm and embracing our game-changing value as a service approach. Together, we're doing things never before done in our industry in terms of time to value, teamwork, agility and the attainment of measurable results. I'd also like to thank our fast growing list of global Partners, who work with us and our customers hand in hand with the relentless customer success orientation. And last but certainly not least, I'd like to thank all our investors for their continued support as we continue to develop our business.
Mobileye Caps Wild Ride On Stock Market With $15.3 Billion Acquisition
Less than three years after its blockbuster IPO, Israeli company Mobileye has ridden the wave of self-driving car enthusiasm to a timely acquisition. Intel said on Monday that it would shell out $15.3 billion for Mobileye, which makes assisted driving software, in the biggest acquisition ever of an Israeli technology company. Intel will pay $63.54 per share in cash, which represents a 36% premium over Friday's closing price of $46.88. Shares of Mobileye surged 30% to $61.48 in morning trading, while shares of Intel slid 2%. The deal marks a happy end to Mobileye's short stint on the public markets.
Intel races ahead in autonomous cars with $15.3 billion Mobileye buy
Intel has shifted its self-driving car efforts into high gear with a $15.3 billion deal to acquire computer vision and collision-avoidance company MobileEye. With the deal, announced Monday, Intel gets its hands on technology for machine learning, data analysis, localization and mapping for driver assistance systems and autonomous driving. Mobileye develops a full package of software and chips designed for use in autonomous cars. The deal is expected to close in nine months and calls for the combined global autonomous driving organization, which will consist of Mobileye and Intel's Automated Driving Group, to be headquartered in Israel and led by Amnon Shashua, Mobileye's co-Founder, chairman and CTO. The acquisition of MobileEye will be merged with Intel technologies like Xeon processors, FPGAs (field programmable gate arrays), 3D Xpoint memory and 5G modems in autonomous cars said Brian Krzanich, Intel's CEO.
Intel to acquire self-driving firm Mobileye for $15 billion
Intel announced Monday it will acquire Mobileye in a deal worth about $15 billion, as the tech giant makes a deeper push into the growing self-driving vehicle market. In a statement, Intel says it plans to acquire Mobileye for $63.54 per share in cash. The equity value of the deal is $15.3 billion, while the enterprise value of the acquisition is $14.7 billion. "Mobileye brings the industry's best automotive-grade computer vision and strong momentum with automakers and suppliers," Intel CEO Brian Krzanich said in a statement. "Together, we can accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers."
Intel to acquire self-driving firm Mobileye for $15 billion
Intel announced Monday it will acquire Mobileye in a deal worth about $15 billion, as the tech giant makes a deeper push into the growing self-driving vehicle market. In a statement, Intel says it plans to acquire Mobileye for $63.54 per share in cash. The equity value of the deal is $15.3 billion, while the enterprise value of the acquisition is $14.7 billion. "Mobileye brings the industry's best automotive-grade computer vision and strong momentum with automakers and suppliers," Intel CEO Brian Krzanich said in a statement. "Together, we can accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers."
Google Cloud, SAP forge tie-up to develop enterprise solutions
Google has announced a new strategic partnership with SAP, focused on developing and integrating Google's best cloud and machine learning solutions with SAP enterprise applications. The partnership will enable certification of the in-memory database SAP HANA on Google Cloud Platform(GCP), new G Suite integrations, Google's machine learning capabilities, and data governance collaboration, offers Google Cloud, SAP and customers more scope, scalability, and the exciting opportunity to create new products. SAP has a long history at the center of business and technology. With this partnership Google is offering SAP customers the opportunity to leverage Google Cloud to accelerate their digital transformation and convert data into actionable insights and business outcomes. The SAP HANA database is now certified on GCP.
RiskSense Raises $14 Million for Intelligent Vulnerability Management - eSecurity Planet
Add one more to the growing tally of security funding deals in early 2017. RiskSense, an Albuquerque, NM cyber-risk management company, announced this week that it had raised $14 million in a Series A round of financing. "The funding raised by existing investors Paladin Capital Group, Sun Mountain Capital, EPIC Ventures, and CenturyLink and a new investor Jump Capital will enable RiskSense to expand sales and marketing, enter new markets such as cyber-security insurance, and broaden and accelerate product development," Dr. Srinivas Mukkamala, co-founder and CEO of RiskSense, told eSecurity Planet. Spun off from New Mexico Institute of Mining and Technology and acting as advisors to the U.S. Department of Defense and U.S. Intelligence Community, RiskSense uses of artificial intelligence (AI) technologies, particularly machine learning, to help governments and enterprise organizations identify and prioritize risks to their networks and data. "RiskSense is changing the way organizations detect and manage cyber risk," said Mukkamala.
Google acquires Kaggle in data science drive - Computer Business Review
The community is used by more than 800,000 data scientists. Google is set to acquire Kaggle, an Australia-based data science platform for running coding competition. The financial details about the acquisition have not been disclosed. Founded in 2010 by Anthony Goldbloom and Ben Hamner, Kaggle is a platform where data science and machine learning competitions are run. The platform is being used by more than 800,000 data scientists to explore, analyse and understand the latest updates in machine learning and data analytics.