Snowflake, a cloud database startup that has raised nearly $930 million, announced it is replacing its CEO Bob Muglia with Frank Slootman, an enterprise tech veteran who was previously CEO at SaaS company ServiceNow and storage company Data Domain. Mr. Muglia, who joined Snowflake as CEO in 2014 when it launched its first commercial product, has done a good job building the company’s business...
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Character Seeks $250 Million in New Funding Amid AI Boom
Character, an AI chatbot startup founded by two former Google researchers, has told investors it wants to raise as much as $250 million in new funding, according to two people with direct knowledge of the matter. The pitch will test investors’ appetite for machine-learning startups as Microsoft’s multibillion-dollar deal with OpenAI casts a halo over the sector. A funding round of...
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