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Microsoft forms Rust language team


Microsoft is building a team to support Rust language usage and to collaborate with the community of software developers that has gathered around the open source programming language.
While Microsoft’s Rust team would support Rust usage within Microsoft, the company does plan to pursue opportunities to participate in the Rust community, working closely on the compiler, core tools, documentation, and other aspects of the language, Microsoft said in a statement.
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The Mozilla-sponsored Rust language offers benefits in security and trust, enabling development of secure, high-performance software systems, Microsoft said. The company has posted a job advertisement for software engineers to work with the Microsoft Developer Division on improving Rust compilers and tools for internal product groups on Windows and Linux. ....

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Robotic process automation tech startup UiPath raises $750M at $35B valuation


Robotic process automation tech startup UiPath raises $750M at $35B valuation
February 1, 2021 at 10:56 am
News Brief
UiPath CEO Daniel Dines (UiPath Photo)
UiPath is raising more cash. The New York-based company just announced a $750 million Series F round that pushes its valuation to $35 billion.
This follows a $225 million Series E round raised in July at a $10.2 billion valuation. Total funding to date is nearly $2 billion.
Founded in 2005, UiPath builds technology called Robotic Process Automation, or RPA. It involves systems that use AI to learn and then take over routine and mundane software processes and business workflows from human workers. The company reported more than $400 million in annual recurring revenue in July. ....

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