“Feature stores,” with their dreary and opaque moniker, might not sound like the sexiest subject. But they’re an essential part of the AI systems that enterprises — and consumers, for that matter — use every day. That’s why they’re attracting an increasing amount of attention and investment from venture firms, which see the market opportunity
Enterprise
This has been a long time coming: Google today announced that it is submitting its Istio service mesh project for consideration as an incubating project within the Cloud Native Computing Foundation (CNCF). Google’s Kubernetes has long been the flagship project for the CNCF and the company recently also brought Knative, a project that aims to
Advertising, particularly online advertising, isn’t a surefire way to bolster business. A report from ecommerce analytics platform Glew drives the point home: In 2015, 75% of retailers that spent at least $5,000 on Facebook ads ended up losing money on those ads, with the average return on investment landing around -66.7%. Obviously, that’s just one
Prior to launching Dassana, CEO and co-founder Gaurav Kumar was involved in a fair number of startups. His most recent one prior to Dassana was RedLock, a cloud security company he sold to Palo Alto Networks for $173 million in 2018. He said that everywhere he went, he used logging software and it almost invariably
Jarvis ML, a platform offering an AI-powered personalization engine to brands selling products, services and experiences, today announced that it raised $16 million in a seed round led by Dell Technologies Capital. In an interview with TechCrunch, CEO Rakesh Yadav said that the new capital will be used to grow Jarvis ML’s R&D and sales
Databases are an essential part of doing business in the digital world, but not every organization is achieving success with them. In a 2019 Vanson Bourne survey, enterprises said that they’ve been held back by legacy database technologies — specifically relational databases systems. Relational databases weren’t designed with newer apps or the cloud in mind,
Change is afoot in the non-stop world of data collection and application, and if you’re a data-driven startup — or on your way to becoming one — TechCrunch and Cloudera have joined forces for an event you won’t want to miss. Data and the Culture Transformation, an online event presented by Cloudera, takes place on
As the global startup market digests a changing valuation environment and climate for venture investment, not every sector is taking the same amount of damage. One is indeed faring better than the rest. It’s not the flashiest sector in startupland. Instead, it’s the tried-and-true software-as-a-service (SaaS) category that appears to be in the best shape
At its AWS Summit San Francisco, Amazon’s cloud computing arm today announced a number of product launches, including two focused on its serverless portfolio. The first of these is the GA launch of Amazon Aurora Serverless V2, its serverless database service, which can now scale up and down significantly faster than the previous version and
Swiss-Hungarian end-to-end encrypted cloud services provider Tresorit has added a new string to its security bow: It’s started offering E2E encrypted email as a subscription add-on for business users of third party email service providers. Tresorit’s E2EE module enables subscribers to send and receive strongly encrypted email messages via their usual email provider — with
There were a lot of lean years for IBM when the company posted 22 straight quarters of declining revenues, an agonizing period that stretched from 2012 to 2017. Even over the subsequent years, meaningful growth was hard to find. But for the second straight quarter, Big Blue has begun to change the narrative, posting revenue
Amazon Web Services (AWS) today launched a new program, AWS Impact Accelerator, that will give up to $30 million to early-stage startups led by Black, Latino, LGBTQIA+ and women founders. The Amazon company claims that the three-year initiative will help recipients build successful businesses while “accelerating” growth in their respective markets. But critics contend that
When it comes to presentation creation, PowerPoint and Keynote remain the de facto tools by incumbent advantage. PowerPoint has over one billion installs and 500 million users alone, thanks to Microsoft’s longtime bundling of Office with certain Windows editions. But this hasn’t stopped startups from trying to disrupt the status quo. Besides Prezi, there’s Pitch,
Farmers don’t get embarrassed when the price of corn drops; similarly, there’s no reason for startup founders to lose their joy because publicly traded tech stocks are undercutting their valuations. If making as much money as you can is your primary goal, however, prepare to be disappointed. Accepting a down round or a smaller seed
Watching Elon Musk and others attempt to buy Twitter got me thinking about the time Salesforce wanted to purchase the social media platform. Back in 2016, around the time of Salesforce’s Dreamforce Conference in San Francisco, rumors ran rampant that the company was ready to spend $20 billion to purchase Twitter. It would eventually back off when investors
Tokio Marine, a Tokyo-headquartered insurance corporation, said Tuesday it has launched its $42 million corporate venture capital (CVC) fund, dubbed Tokio Marine Future Fund, to invest in early-stage startups around the world. The Palo Alto-based CVC fund will write checks worth between $500K and $3 million into seed, Series A rounds across sectors including
Clipboard Health, an app-based marketplace that matches nurses with open shifts at nearby healthcare facilities, today announced that it raised $80 million over two unannounced rounds, a $50 million Series B round in 2021 and a $30 million Series C round this year, at a $1.3 billion valuation post-money. CEO Wei Deng says that the
Cloud security is one of the big drivers among enterprises making IT investments this year, according to a recent report from Gartner, which estimated that some $4.4 trillion in IT spend overall in 2022. Today, a startup called DoControl, which is building what it describes “no code” solutions for one part of that security stack
Filevine, a startup offering a software-as-a-service product for legal case management, today announced that it closed a $108 million series D round led by StepStone Group with participation from Golub Capital and existing investors Signal Peak Ventures and Meritech Capital. CEO Ryan Anderson said that the proceeds will be put toward pursuing new market opportunities,
With white collar workers settling into hybrid work arrangements — a legacy of the pandemic — companies are rethinking how they deliver corporate perks like transportation, cafeterias, and gyms (much to the chagrin of some). As the concept of “the office” evolves, employers are being urged to offer flexible perks that can be tailored to
Slope, which provides businesses an easy way to offer buy now, pay later services, has had a busy six months. That’s not much of a surprise, given that the buy now, pay later market size was valued at $16 billion in 2021 and is poised to grow nearly six times by 2029. Its API technology
Earlier this year, Akamai announced its plans to acquire Linode, the well-loved cloud hosting service, to build out its own cloud and edge computing portfolio. The $900 million acquisition closed last month. While Akamai is still mostly known for its content delivery services, the company started building out more compute-centric services over the course of
Thanks to the machinations of a certain billionaire, the phrase “hostile takeover” has been liberally bandied about the media sphere recently. But while it long ago entered the mainstream lexicon, “hostile takeover” carries with it an air of vagueness — and legalese opaqueness. At a high level, a hostile takeover occurs when a company —
The founders of Speckle, an early-stage startup based in London, are both trained architects and engineers, probably a rare combination. It enabled them to see and understand firsthand the issues associated with exchanging large proprietary 3D files from vendors like Autodesk and Trimble. They wanted to make it easier by building an open source platform
The scary headlines scream from publications about extreme weather, droughts, fires, lack of clean water and an increasingly tight timeline to do something about it. A new survey by Google Cloud that was conducted by The Harris Poll found that a vast majority of executives see sustainability as a key goal for their business. It
The medium is the message more than ever these days, and brands are faced with a challenge — but also opportunity — to capture what consumers think about them and their products if they can harness and better understand those messages, via whichever medium is being used to deliver them. Today, a company called BlueOcean
Today during its second Work Transformation Summit this week, Zoom announced Zoom IQ for Sales, a product that uses AI to analyze sales meetings and deals to provide insights. It’s the company’s first explicit foray into sales automation software, a market that — according to Verified Market Research — could grow to $7.3 billion in
Data — it’s the lifeblood of every company, and as our data culture transforms, so too must your business. An emerging, innovative data ecosystem promises to integrate disparate data sources, provide a more complete picture of business, both present and future, and improve enterprise collaboration at every level. Understanding the rapidly changing trends in data
Union.ai, a startup emerging from stealth with a commercial version of the open source AI orchestration platform Flyte, today announced that it raised $10 million in a round contributed by NEA and “select” angel investors. CEO Ketan Umare says that the proceeds will be put toward supporting the Flyte community by “improving the accessibility, performance
The global pandemic shifted many home service employees from W2 to 1099 status, which is giving Jobox.ai a lot more business. The Florida and Bay Area-based company is going after the $595 billion home services industry, where skilled labor is facing a shortage, by connecting companies with over 5,000 vetted home service professionals via a
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