Author Archives: Ron Miller

Marvell nabs Innovium for $1.1B as it delves deeper into cloud ethernet switches

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Marvell announced this morning it intends to acquire Innovium for $1.1 billion in an all-stock deal. The startup, which raised over $400 million according to Crunchbase data, makes networking ethernet switches optimized for the cloud. Marvell president and CEO Matt Murphy sees Innovium as a complementary piece to the $10 billion Inphi acquisition last year, […] Continue reading Marvell nabs Innovium for $1.1B as it delves deeper into cloud ethernet switches→

Salesforce steps into RPA buying Servicetrace and teaming it with Mulesoft

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Over the last couple of years, Robotic Process Automation or RPA has been red hot with tons of investor activity and M&A from companies like SAP, IBM and ServiceNow. UIPath had a major IPO in April and has a market cap over $30 billion. I wondered when Salesforce would get involved and today the company […] Continue reading Salesforce steps into RPA buying Servicetrace and teaming it with Mulesoft→

Cloud infrastructure market kept growing in Q2 reaching $42B

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It’s often said in baseball that a prospect has a high ceiling, reflecting the tremendous potential of a young player with plenty of room to get better. The same could be said for the cloud infrastructure market, which just keeps growing with little sign of slowing down any time soon. The market hit $42 billion […] Continue reading Cloud infrastructure market kept growing in Q2 reaching $42B→

Cloud infrastructure market kept growing in Q2 reaching $42B

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It’s often said in baseball that a prospect has a high ceiling, reflecting the tremendous potential of a young player with plenty of room to get better. The same could be said for the cloud infrastructure market, which just keeps growing with little sign of slowing down any time soon. The market hit $42 billion […] Continue reading Cloud infrastructure market kept growing in Q2 reaching $42B→

ServiceMax promises accelerating growth as key to $1.4B SPAC deal

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ServiceMax, a company that builds software for the field-service industry, announced yesterday that it will go public via a special purpose acquisition company, or SPAC, in a deal valued at $1.4 billion. The transaction comes after ServiceMax was sold to GE for $915 million in 2016, before being spun out in late 2018. The company […] Continue reading ServiceMax promises accelerating growth as key to $1.4B SPAC deal→

Intel rumored to be in talks to buy chip manufacturer GlobalFoundries for $30B

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When it comes to M&A in the chip world, the numbers are never small. In 2020, four deals involving chip companies totaled $106 billion led by NVidia snagging ARM for $40 billion. One surprise from last year’s chip-laced M&A frenzy was Intel remaining on the sidelines. That would change if a rumored $30 billion deal […] Continue reading Intel rumored to be in talks to buy chip manufacturer GlobalFoundries for $30B→

Lightyear nabs $13M Series A as online network procurement takes shape

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It seems like everything is being pushed online now, but network procurement stubbornly has remained an in-person or phone-based negotiation. Lightyear, an early stage New York City startup decided to change that last year, and the company announced a $13.1 million Series A today. The round was led by Ridge Ventures with participation from Zigg […] Continue reading Lightyear nabs $13M Series A as online network procurement takes shape→

Former Nutanix execs launch new startup with $50M seed round

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Today a new software company from two former Nutanix executives called DevRev emerged from stealth with a $50 million seed round from Mayfield Fund, Khosla Ventures and several industry luminaries. The company, which aims to bring the coding and revenue processes closer together, already has 75 employees working on the new software platform, which they […] Continue reading Former Nutanix execs launch new startup with $50M seed round→

ZoomInfo drops $575M on Chorus.ai as AI shakes up the sales market

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ZoomInfo announced this morning it intends to acquire conversational sales intelligence tool Chorus.AI for $575 million. Shares of ZoomInfo are unchanged in pre-market trading following the news, per Yahoo Finance data. Sales intelligence, Chorus’s market, is a hot space that uses AI to “listen” to sales conversations to help improve interactions between salespeople and customers. […] Continue reading ZoomInfo drops $575M on Chorus.ai as AI shakes up the sales market→