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Cloudflare raises $150 million

Cloud network platform company Cloudflare has raised $150 million, in a funding round led by Franklin Templeton. In another development, the company appointed Stan Meresman, former CFO of Silicon Graphics, and Maria Eitel, founder and co-chair of the Nike Foundation, to its board.

Cloudflare last raised funding in 2014, closing a round of $110 million. The company has raised $330 million to date. Investors in Cloudflare include New Enterprise Associates, Union Square Ventures, Venrock, Pelion Venture Partners, Greenspring Associates, CapitalG (formerly Google Capital), Microsoft, Baidu, Qualcomm, and Fidelity.

[Image courtesy: Cloudflare]

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Snowflake to acquire TruEra AI observability platform

Snowflake has entered into a definitive agreement to acquire TruEra, providers of an AI observability platform. Financial terms of the transaction were not disclosed.

Biggest Windows 11 update in 2 years nearly finalized, enters Release Preview — Ars Technica

Microsoft has released Windows 11 24H2 build 26100.712 to its Release Preview testing channel for Windows Insiders, a sign that the update is nearly complete and that the company has shifted into bug-fixing mode ahead of general availability, writes Andrew Cunningham in Ars Technica. 

Elon Musk’s xAI is working on making Grok multimodal — The Verge

Elon Musk’s AI company, xAI, is making progress on adding multimodal inputs to its Grok chatbot, according to public developer documents, writes Kylie Robison in The Verge.