DataRobot, a 10-year-old artificial intelligence startup backed by New Enterprise Associates, Tiger Global Management and Altimeter Capital Management, is laying off 7% of its 1,400-strong workforce, CEO Dan Wright told employees in a virtual all-hands meeting earlier today, according to two people who attended it. The layoffs, which affect multiple teams across the company, are the latest...
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Private Equity Firms’ Secret Weapon for Big Software Buyouts
When Thoma Bravo was drawing up the financing of its $8 billion acquisition of Coupa Software last year, the private equity giant didn’t turn to a bank, and it didn’t get a traditional loan. Instead, it tapped a group of non-bank lenders including Sixth Street for a relatively obscure type of financing—one that has been making its way into more and more multibillion dollar...
Roku Lays Off 6% of Workforce
Meta to Allow European Users to Opt Out of Personalized Ads
Alphabet’s DeepMind and Google Brain Set Aside Rivalry, Target OpenAI
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