TechTaffy

tech:

taffy

Amplitude Raises $15 million, launches Pathfinder analytics tool

By TechTaffy Desk

Behavioral analytics company Amplitude has raised a $15 million Series B round. The investment was led by Battery Ventures, with participation from existing investors Benchmark Capital, Data Collective, Merus Capital, and Quest Venture Partners. Neeraj Agrawal, general partner at Battery Ventures, will join the Amplitude board. Amplitude says it will use the funding to hiretalent, fuel product development, and expand sales and marketing.

Amplitude is also launching a new product called Pathfinder, which is an analytics tool that exposes different ways users navigate through a product. Pathfinder is built on top of Nova, Amplitude’s purpose-built behavioral analytics platform that the company says processes over 75 billion events per month and returns over 95% of queries in under 3 seconds.

Founded in 2012, Amplitude has raised $26 million to date.

Just in

AI

DHS establishes AI safety and security board

The Department of Homeland Security (DHS) has established an Artificial Intelligence Safety and Security Board (the board). The inaugural members include CEOs and executives from companies like OpenAI, Anthropic, Delta Air Lines, IBM, Nvidia, Microsoft, Adobe, Amazon Web Services, Advanced Micro Devices (AMD), and Cisco.
IT

Cloudflare acquires Baselime

Cloudflare has acquired Baselime, a cloud-native observability platform provider. Financial terms of the deal were not disclosed.
Fundings

Blaize raises $106M

El Dorado Hills, CA-based AI computing company Blaize has raised $106 million.
Fundings

Rivos raises $250M

Santa Clara, Calif.-based Rivos, a RISC-V accelerated platform company focusing on data analytics and Generative AI, has raised $250 million in its Series A-3 funding round
Industry

IBM, Canada, and Quebec invest $137M to strengthen semiconductor industry

IBM, the Government of Canada, and the Government of Quebec announced agreements to develop the assembly, testing and packaging capabilities for semiconductor modules at IBM Canada's plant in Bromont, Quebec.