IBM today acquired Instana, a German-American software firm that specializes in developing application performance management software. The acquisition represents IBM’s continued investment in hybrid cloud, big data, and AI capabilities. Terms of the deal weren’t disclosed. As workflows evolve, organizations are moving away from monolithic apps toward more complex distributed systems. With…

Abacus.AI (previously RealityEngines) is developing a service that automates machine learning model creation, deployment, and maintenance. Today the company raised $22 million in a series B round at an over $100 valuation. The round was led by Coatue, with participation from Decibel Ventures and Index Partners. The fresh capital comes as Abacus unveils Deconstructed, a suite of three standalone AI…

Boston-based DataRobot, a startup developing an end-to-end enterprise AI platform, today raised $270 million in an equity funding round led by Altimeter Capital. DataRobot says the pre-IPO round — which included new and existing investors T. Rowe Price, Blackrock, Silverlake, NEA, and Tiger — values the company at over $2.7 billion. The benefits of AI and machine learning can feel intangible…

Ride Vision, a startup developing “collision aversion” technology for motorcycles, today emerged from stealth with a $7 million round led by investment platform OurCrowd. Ride Vision also unveiled an AI-driven safety alert system called Ride Vision 1 that will go on sale in several European countries in early 2021. A spokesperson said the fresh capital will be used for marketing, distribution…