Nvidia-backed data center company CoreWeave has acquired AI developer platform Weights & Biases for an undisclosed sum. According to The Information, CoreWeave spent $1.7 billion on the transaction. Weights & Biases was valued at $1.25 billion in 2023, and it recently filed for an IPO. Lukas Biewald, Chris Van Pelt, and Shawn Lewis founded Weights & Biases…
Category: Mergers and Acquisitions
CyberArk, Cybersecurity, Global Security News, identity management, Mergers and Acquisitions, Technology, Zilla Security
CyberArk acquires Zilla Security in $175 million deal
Identity security giant CyberArk has acquired Boston-based Zilla Security, a cloud-native identity governance and administration startup, in a deal worth up to $175 million. The acquisition, announced Thursday, includes $165 million in cash and a $10 million earn-out contingent on performance milestones. Zilla’s co-founders, CEO Deepak Taneja and Nitin Sonawane, along with their team, will…
ADAS, Global IT News, Global Security News, Mergers and Acquisitions, nxp, Startups, Transportation, tttech auto
NXP to buy automotive safety software firm TTTech Auto for $625M
Dutch semiconductor giant NXP on Tuesday said it plans to acquire TTTech Auto, an Austrian company specializing in safety software for autonomous vehicles, in an all-cash transaction valued at $625 million. TTTech Auto spun out of TTTech Group in 2018, with some $78 million in backing from the likes of AUDI, Samsung and GE Ventures.…
Disney, Fubo, Global IT News, Global Security News, Media & Entertainment, Mergers and Acquisitions, Startups, streaming service
Disney to merge Hulu Live TV with Fubo in groundbreaking deal
In a surprising deal announced on Monday, Disney is set to combine its Hulu Live TV business with Fubo, the live TV streaming service known for its extensive sports coverage. Under the terms of the deal, Disney will own about 70% of Fubo, which will continue to be available to viewers as a separate offering. …
Global IT News, Global Security News, humanoid robot, Mergers and Acquisitions, robotics, Samsung Electronics
Samsung pays $181M to become largest shareholder of Rainbow Robotics
Samsung Electronics said on Tuesday that it has become the largest shareholder of South Korea-based robotics maker Rainbow Robotics, increasing its stake from 14.7% to 35% for KRW 267 billion (about $181 billion). The electronics giant, which paid KRW 86.8 billion for the 14.7% stake in 2023, said it is acquiring the stake to bolster…