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Robert Smith’s Vista Equity expands into artificial intelligence with more than $20 billion in funding

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Robert Smith


Vista Equity Partners recently accomplished financing by raising more than $20 billion for its eighth flagship fund.

Founded by billionaire Robert Smith, the fund builds on a capital campaign to boost more than an initial $17 billion – the corporate’s largest so far. In his letter to investors, Smith touches on Vista’s vision of reaching recent heights in the world of artificial intelligence. The company hopes to extend the worth of artificial intelligence as a key element of the underwriting process. “You’ll also hear more about how we’ve embraced generative AI not just as a tool, but as a key element of our value creation and underwriting processes,” Smith wrote.

“This has enabled us to identify and leverage opportunities, including radical TAM development, product innovation and GTM strategies, with greater precision and speed, keeping us one step ahead of the competition in a rapidly changing market landscape.”

On April 17, the corporate hosted its annual general meeting, where partners participated in an on-stage conversation between Smith and OpenAI CEO Sam Altman. Vista joins the discussion on the necessity to secure a considerable amount of capital to maximise the event of artificial intelligence capabilities.

In September 2023, Smith wrote one other letter to have a good time the 18 monetization events that kicked off his fundraising season in November 2021, including the sale to IBM of the $4.6 billion Apptio platform, which the corporate acquired in 2019 for $1.9 billion. The company’s software helps customers understand and manage technology expenses. The lucrative deals made Vista’s sixth fund “the only buyout fund raised in excess of $10 billion since 2016,” with a 100% return on commitments and more than double its Net TVPI.

Vista recently signed one other deal, acquiring the Model N, a provider of revenue optimization and compliance in the sector of pharmaceutical and medical technology, . In an all-cash transaction valued at roughly $1.25 billion, the corporate will acquire all outstanding shares of Model N common stock at a price of $30 per share. The addition of the Model N to the corporate’s already impressive portfolio marks Vista’s fifth acquisition since late 2022.

Vista acquired Avalara for $8.4 billion, KnowBe4 for $4.6 billion, and Duck Creek Technologies and EngageSmart for a complete of $6.6 billion. The transaction is predicted to shut in mid-2024, after which it should undergo a review of customary conditions, including shareholder approval.


This article was originally published on : www.blackenterprise.com
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US medical device giant Artivion says hackers stole files during a cybersecurity incident

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Artivion, a medical device company that produces implantable tissue for heart and vascular transplants, says its services have been “disrupted” resulting from a cybersecurity incident.

In 8-K filing In an interview with the SEC on Monday, Georgia-based Artivion, formerly CryoLife, said it became aware of a “cybersecurity incident” that involved the “compromise and encryption” of information on November 21. This suggests that the corporate was attacked by ransomware, but Artivion has not yet confirmed the character of the incident and didn’t immediately reply to TechCrunch’s questions. No major ransomware group has yet claimed responsibility for the attack.

Artivion said it took some systems offline in response to the cyberattack, which the corporate said caused “disruptions to certain ordering and shipping processes.”

Artivion, which reported third-quarter revenue of $95.8 million, said it didn’t expect the incident to have a material impact on the corporate’s funds.

This article was originally published on : techcrunch.com
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It’s a Raspberry Pi 5 in a keyboard and it’s called Raspberry Pi 500

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Manufacturer of single-board computers Raspberry Pi is updating its cute little computer keyboard device with higher specs. Named Raspberry Pi500This successor to the Raspberry Pi 400 is just as powerful as the present Raspberry Pi flagship, the Raspberry Pi 5. It is on the market for purchase now from Raspberry Pi resellers.

The Raspberry Pi 500 is the simplest method to start with the Raspberry Pi because it’s not as intimidating because the Raspberry Pi 5. When you take a look at the Raspberry Pi 500, you do not see any chipsets or PCBs (printed circuit boards). The Raspberry Pi is totally hidden in the familiar housing, the keyboard.

The idea with the Raspberry Pi 500 is you could connect a mouse and a display and you are able to go. If, for instance, you’ve got a relative who uses a very outdated computer with an outdated version of Windows, the Raspberry Pi 500 can easily replace the old PC tower for many computing tasks.

More importantly, this device brings us back to the roots of the Raspberry Pi. Raspberry Pi computers were originally intended for educational applications. Over time, technology enthusiasts and industrial customers began using single-board computers all over the place. (For example, when you’ve ever been to London Heathrow Airport, all of the departures and arrivals boards are there powered by Raspberry Pi.)

Raspberry Pi 500 draws inspiration from the roots of the Raspberry Pi Foundation, a non-profit organization. It’s the right first computer for college. In some ways, it’s a lot better than a Chromebook or iPad because it’s low cost and highly customizable, which inspires creative pondering.

The Raspberry Pi 500 comes with a 32GB SD card that comes pre-installed with Raspberry Pi OS, a Debian-based Linux distribution. It costs $90, which is a slight ($20) price increase over the Raspberry Pi 400.

Only UK and US keyboard variants will probably be available at launch. But versions with French, German, Italian, Japanese, Nordic and Spanish keyboard layouts will probably be available soon. And when you’re in search of a bundle that features all the things you would like, Raspberry Pi also offers a $120 desktop kit that features the Raspberry Pi 500, a mouse, a 27W USB-C power adapter, and a micro-HDMI to HDMI cable.

In other news, Raspberry Pi has announced one other recent thing: the Raspberry Pi monitor. It is a 15.6-inch 1080p monitor that’s priced at $100. Since there are quite a few 1080p portable monitors available on the market, this launch is not as noteworthy because the Pi 500. However, for die-hard Pi fans, there’s now also a Raspberry Pi-branded monitor option available.

Image credits:Raspberry Pi

This article was originally published on : techcrunch.com
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Apple Vision Pro may add support for PlayStation VR controllers

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Vision Pro headset

According to Apple, Apple desires to make its Vision Pro mixed reality device more attractive for gamers and game developers latest report from Bloomberg’s Mark Gurman.

The Vision Pro was presented more as a productivity and media consumption device than a tool geared toward gamers, due partly to its reliance on visual and hand controls moderately than a separate controller.

However, Apple may need gamers if it desires to expand the Vision Pro’s audience, especially since Gurman reports that lower than half one million units have been sold to this point. As such, the corporate has reportedly been in talks with Sony about adding support for PlayStation VR2 handheld controllers, and has also talked to developers about whether they may support the controllers of their games.

Offering more precise control, Apple may also make other forms of software available in Vision Pro, reminiscent of Final Cut Pro or Adobe Photoshop.

This article was originally published on : techcrunch.com
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