Enterprise

Reco, a company using AI to map a company’s data sharing, today announced that it raised $30 million in a Series A round led by Insight Partners, with participation from Zeev Ventures, BoldStart, Angular Ventures, Jibe Ventures, CrewCapital and Cyber Club London. CEO Ofer Klein said the proceeds will to toward product development and supporting

Blackbaud, which bills itself as the “leading cloud software company powering social good,” counts the National Rifle Association as a customer receiving its highest level of care and engagement, raking in more than $1 million yearly from the infamous firearms industry lobbyist. The two have been in business since 1997, according to internal documents viewed

A new report from DataDog has found that serverless computing could be entering the mainstream with over half of all organizations using serverless on one of the three major clouds – Amazon, Microsoft or Google. The company found in a 2020 report that while some customers were using Lambda, Amazon’s Function as a Service, the

We’ve seen a boom in the last several years around tech built for front-line, service, manual, and other workforces typically paid on an hourly wage. In one of the latest developments, Hourly.io — which has built an app that tracks working hours, generates payroll, and then calculates and assigns workers compensation insurance to individuals based

MLOps platform Iterative, which announced a $20 million Series A round almost exactly a year ago, today launched MLEM, an open-source git-based machine learning model management and deployment tool. The idea here, the company says, is to bridge the gap between ML engineers and DevOps teams by using the git-based approach that developers are already

Ethan Batraski Contributor Ethan Batraski is a partner at Venrock and focuses on data infrastructure, open source and developer tools. More posts by this contributor Eight trends accelerating the age of commercial-ready quantum computing 4 enterprise developer trends that will shape 2021 Thanks to the cloud, the amount of data being generated and stored has

WorkOS, a platform that lets developers add enterprise features like single sign-on (SSO) and directory sync to apps, today announced that it raised $80 million in a Series B funding round led by Greenoaks with participation from Lachy Groom, Lightspeed Ventures, and Abstract Ventures. The closing of the round coincides with the WorkOS’ first acquisition:

Vendia, a blockchain-based platform that makes it easier for businesses to share their code and data with partners across applications, platforms and clouds, today announced that it has raised a $30 million Series B round led by NewView Capital. Neotribe Ventures, Canvas Ventures, Sorenson Capital, Aspenwood Ventures and BMW iVentures also participated in this round,

Erik Bradley Contributor Erik Bradley brings more than two decades of experience in creating research platforms to his role as chief strategist at ETR, a market research firm specializing in enterprise technology data. Over the past three years, the chaos of the pandemic has been felt everywhere. IT managers suddenly found themselves supporting legions of

Bonfire Ventures, a Los Angeles venture capital firm, invests in seed-stage business-to-business software companies and aims to change the odds so that more than the average 33% of companies in this sector make it to Series A. The firm seems to have some good traction so far. It says over 85% of its portfolio companies

Mintlify, a startup developing software to automate software documentation tasks, today announced that it raised $2.8 million in a seed round led by by Bain Capital Ventures with participation from TwentyTwo Ventures and Quinn Slack, Sourcegraph’s co-founder. CEO Han Wang says that the proceeds will be put toward product development and doubling Mintlify’s core, three-person

Enterprise productivity company Box reported results earlier this week for the first quarter of its fiscal 2023, the three-month period ending April 30. Box managed to beat revenue expectations, though it missed on adjusted per-share profit. Shares of the company initially lost modest ground. You might read the above paragraph and wonder why we’re digging into

On the Chain Reaction podcast this week, Lux Capital’s newest investor, Grace Isford, joined us to talk about the opaque but crucial world of web3 infrastructure. At Lux, Isford invests in the companies working behind the scenes to make sure crypto exchanges are secure and reliable enough to avoid being hacked. Before joining Lux this February,

In sales, a win/loss analysis is the process of determining why deals are ultimately won or lost. That’s relatively self-explanatory, but more specifically, a win/loss review aims to contrast a sales organization’s performance with an industry or competitors and figure out why an outcome occurred. This involves gathering data, including sales notes and customer feedback,

The cannabis industry is doing very well in the United States: more than 75% of the population lives in a state where access is permitted, and the legal market is expected to generate $33 billion this year. A black market still eats into the industry’s bottom line, however, and a patchwork of state regulations artificially

Sometimes when there is smoke, there is actually fire. Such was the case with the rumors of Broadcom’s interest in VMware this past weekend. It turns out that fire was burning hot, and today, Broadcom announced it is acquiring VMware in a massive $61 billion deal. The deal is a combination of cash and stock,

Over the last decade, the rate at which organizations create data has accelerated as it becomes cheaper to store, access and process data. But as data continues to grow in scale and complexity, it’s becoming scattered across apps and platforms — often leading to problems where it concerns data quality. According to a 2020 O’Reilly

Assembled, which bills itself as a workforce management platform for customer support teams, today announced that it raised $51 million in a Series B funding round led by New Enterprise Associates, with participation from Emergence Capital and Basis Set Ventures. CEO Ryan Wang says the new capital will be put toward product development, including schedule

As the demand for AI-powered apps grows, startups developing dedicated chips to accelerate AI workloads on-premises are reaping the benefits. A recent ZDNet piece reaffirms that the AI edge chip market is booming, fueled by “staggering” venture capital financing in the hundreds of millions of dollars. EdgeQ, Kneron and Hailo are among the dozens of

Hey, it wasn’t that long ago that Box was lost in single-digit growth doldrums being dogged by activist investors. But today, the company announced its earnings, and revenue was up 18% over the prior year to $238.4 million, easily beating consensus estimates of $235 million, according to the company. This marks the fifth consecutive quarter

The pandemic forced businesses to accelerate their digital transformations, which, in turn, sped adoption of the cloud. According to a 2021 survey by O’Reilly, cloud adoption is rising steadily across industries — 90% of organizations now use cloud computing, up from 88% in 2020. At its best, the cloud, nebulous though the term might be,

If I received a note from an investor stating, “although somber, this data is not meant to alarm you,” well, I might be alarmed. But that quote from Reach Capital represents a slew of memos sent in recent days by venture firms to portfolio companies offering advice and asking questions about how founders are positioned

PlanetScale, the highly scalable MySQL database service founded by the co-creators of the increasingly popular Vitess open source project, today announced a series of updates that push the platform beyond its basic database features by adding new enterprise features and new tools to improve the developer experience. The first of these new features is PlanetScale

Firework, a San Mateo livestreaming commerce company, secured $150 million in Series B funding led by SoftBank Vision Fund 2. The company says it is now valued at $750 million. In 2021, Firework raised $55 million to value it at $230 million. Firework has now taken in more than $235 million in funding since it

Actiondesk is a new spreadsheet solution for the software-as-a-service era. It connects with the databases, CRMs and SaaS tools that you already use so that you can build dashboards and generate reports without having to manually import data. The startup raised a $3.9 million seed round from Tiger Global, Bling Capital, Y Combinator, Speedinvest, FundersClub,

Over the weekend, rumors began flying that chipmaker Broadcom was interested in acquiring VMware, the company best known for commercializing the virtual machine concept that gave birth to cloud computing. Bloomberg first reported the potential deal on Sunday. VMware will not come cheap. It had a market capitalization in the neighborhood of $40 billion before

E-commerce is an $85 billion business in Latin America, and as that market is poised to essentially double in three years, the current consumer demands to receive orders on time and packaged correctly will only increase. For decades, e-commerce giants, like Amazon and MercadoLibre, have perfected the logistics and delivery technology for their marketplaces, but

As with many skilled professions these days, there is a gap between demand and supply when it comes to IT pros. As more people turn to Apple devices at work, whether computers, phones or tablets, the need for people who can service and manage these devices has increased. While we may find ourselves in an

Everstream Analytics, a supply chain insights and risk analytics startup, today announced that it raised $24 million in a Series A round led by Morgan Stanley Investment Management with participation from Columbia Capital, StepStone Group and DHL. CEO Julie Gerdeman said that the new money would be used to “propel technology innovation” and “further global

Galley Solutions, a food data company providing food operators with technology to make more profitable decisions around their culinary operations, raised $14.2 million in Series A funding. Ian Christopher, COO, started the company with his brother-in-law, Benji Koltai, CEO, in 2017. The food enterprise resource planning tool came out of Koltai’s previous work at Sprig,