Cloud storage startup Wasabi, which competes with AWS’ S3, raised a $250M Series D, or $125M equity, led by L2 Point, and $125M debt, at a $1.1B+ valuation (Kyle Wiggers/TechCrunch)

Jordan Novet / CNBC:
IBM reports Q3 revenue up 6.5% YoY to $14.11B vs. $13.51B est., with software revenue up 7.5% YoY to $5.81B vs. $5.54B est., and lifts FY 2022 revenue forecast  —  – IBM beat on the top and bottom lines and raised its revenue growth forecast for all of 2022.

Frederic Lardinois / TechCrunch:
IBM announces its Osprey quantum processor with 433 qubits, up from 127 qubits in the 2021 Eagle processor, and plans to hit 4,000 qubits by 2025  —  IBM wants to scale up its quantum computers to over 4,000 qubits by 2025 — but we’re not quite there yet.  For now, we have to make do with …

Kyle Wiggers / TechCrunch:
Jasper, a service that leverages AI to generate marketing art and copy, raised $125M led by Insight Partners at a $1.7B valuation  —  As the enthusiasm around AI image and text generators grows, Jasper, a startup developing what it describes as an “AI content” platform, has raised $125 million at a $1.7 billion valuation.

Kyle Wiggers / TechCrunch:
Microsoft plans to integrate DALL-E 2 with the newly announced Microsoft Designer app and Image Creator tool in Bing and Microsoft Edge  —  Microsoft is making a major investment in DALL-E 2, OpenAI’s AI-powered system that generates images from text, by bringing it to first-party apps and services.

Kyle Wiggers / TechCrunch:
Versa Networks, which helps companies unify network and security tools into a single console, raised $120M in equity and debt, bringing its funding to $316M  —  Networking and cybersecurity firm Versa today announced that it raised $120 million in a mix of equity and debt led by BlackRock, with participation from Silicon Valley Bank.

Christiana Loureiro / The Block:
IBM and Maersk’s blockchain-enabled supply chain offering TradeLens, launched in 2018, will shut down in Q1 2023; Maersk blames a lack of industry collaboration  —  – The companies made a viable platform but couldn’t get a global collaboration going.  —  Danish shipping company Maersk …