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AI Chip Startup Mythic Reaps $40M from SoftBank, Lockheed Venture Arms

Xconomy

Mythic , which last year unveiled its novel computer chip designed for artificial intelligence, announced today that it has raised $40 million in a Series B fundraising round led by the venture capital arm of Japanese telecom and tech giant SoftBank.

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Cloudera, Hortonworks Plan To Merge As $5.2B Cloud Data Platform

Xconomy

Cloudera and Hortonworks, two large, publicly traded companies that compete to offer Web-based data storage and analytics, announced plans today to merge into a combined entity they value at $5.2