TechTaffy

tech:

taffy

Mayfield Fund Closes $365M Venture Capital Fund

By TechTaffy Desk

[Techtaffy Newsdesk]

Mayfield Fund has closed Mayfield XIV, a $365 million venture capital fund aimed at early-stage IT companies focusing on mobile, cloud/SaaS, social, energytech, and big data. Mayfield XIV will be led by Navin Chaddha, along with directors Tim Chang, Robin Vasan, Rajeev Batra, and James Beck, Chief Operating Officer.

Mayfield Fund’s active portfolios include Appcelerator, Branchout, Couchbase, Gigya, Marketo, Solarcity, and StorSimple, among other companies. Started in 1969, Mayfield Fund is a global venture capital firm with over $3 billion under management.

Just in

Industry

Tech giants urge EU to prioritize digital competitiveness and infrastructure investment

Five major technology companies - Ericsson, IBM, Intel, Nokia, and Vodafone - called on European policymakers to take urgent action to boost Europe's digital competitiveness and keep it a priority for the incoming European Commission.
AI

Intel’s neuromorphic system has neuron capacity of an owl’s brain

Intel says it has built the world's largest neuromorphic computing system called Hala Point, that has the neuron capacity roughly equivalent to that of an owl brain.
AI

AMD launches AI chips for business PCs

AMD has announced new Ryzen PRO 8040 Series mobile processors and Ryzen PRO 8000 Series desktop processors with AI capabilities.
AI

Adobe previews generative AI features in Premiere Pro

Adobe has previewed generative AI features within its video editing software, Adobe Premiere Pro, aimed at streamlining video creation and production workflows.
AI

Covered California implements Google Cloud’s AI solutions

Covered California, California's health insurance marketplace, has announced that it will use Google Cloud's AI solutions to simplify the process of providing health insurance to California residents.