Supply chain disruptions — triggered by factors including demand surges, high transportation costs, and pandemic-related lockdowns — are expected to continue well into next year, experts predict. Companies are experiencing the brunt of the impact, with 36% of small businesses responding to a 2021 U.S. Census survey reporting that they’ve experienced delays with domestic suppliers.
Enterprise
Datto, the disaster recovery service, has had an interesting history. It raised a cool $100 million as a startup, including a $75 million investment in 2015, a significant round for that period. Vista Equity purchased the startup in 2017, but that wasn’t the end of its story, not by a long shot. Instead Vista built
Another day, another big private equity acquisition. It’s widely known that private equity firms are awash in cash these days and looking to direct it into acquisitions. Last month Thoma Bravo acquired Anaplan for almost $11 billion. Today it announced its intention to buy identity security company SailPoint for $6.9 billion — and the beat
It’s 5 p.m. on a Tuesday, and you’re running late for a flight to a corporate conference. While stuck in rush-hour traffic, it occurs to you that you’ve forgotten to book a babysitter for the kids — and find a restaurant for the team outing scheduled toward the end of your trip. Instead of completing
Fashion e-commerce startup, The Folklore Group, has today announced a shift from direct-to-consumer to B2B wholesale against the backdrop of a $1.7 million pre-seed funding, which the startup plans to use to fuel the growth of its new business. The startup’s new wholesale business dubbed The Folklore Connect, will link luxury fashion brands in emerging
If “The Great Resignation” taught us anything, it is that people want to be appreciated, respected and well paid for their work. Staff turnover in restaurants and hospitality has always been an issue, with people leaving at an average rate of 30%. That’s where Landed comes in. The company touts itself as the “first end-to-end
Amadeus’ migration to the public cloud will take 3 years Ron Miller 7 hours Public travel systems provider Amadeus opened for business way back in 1987 when four airlines wanted to offer a centralized booking system. Today, the company facilitates booking and inventory management for 216 airlines, as well as hotels, trains, airports, online travel
Pam answering the phone at Dunder Mifflin become one of the most iconic refrains of life at The Office, and it’s really no wonder that it did: businesses big and small have long run on communications as played out over PBXs, voice mail, cold and warm calls, customer help lines, and more recently the never-escapable,
Lilt, a provider of AI-powered business translation software, today announced that it raised $55 million in a Series C round led by Four Rivers, joined by new investors Sorenson Capital, CLEAR Ventures and Wipro Ventures. The company says that it plans to use the capital to expand its R&D efforts as well as its customer
As we start to see AI advance in business, the ways in which we interact with machines are beginning to change. Companies like Salesforce are looking for new opportunities for AI to have a more direct impact on customers. While using AI to surface the customer most likely to churn or most likely to buy
Shifting consumer buying behaviors means brands can’t only rely on selling via one channel anymore. For e-commerce and traditional retailers looking at new ways to connect and engage with consumers, Lucky believes its approach enables them to work together to not only achieve that goal, but give consumers a better shopping experience. The 1-year-old company
Airbyte, the well-funded open source data integration platform, today announced that it has acquired Grouparoo, an open source startup that focuses on helping businesses sync data between their data warehouses and cloud-based tools. In many ways, this complements Airbyte’s offering, which focuses on loading data into data warehouses, while Grouparoo then specializes in operationalizing that
You may not have heard of Amadeus, but if you’ve taken a trip, you’ve probably interacted with its tech stack. Launched in 1987, the company provides hundreds of transportation and hospitality providers with inventory management and booking services. “In short, it covers just about every aspect of travel IT imaginable,” writes enterprise reporter Ron Miller.
The sidewalks along University Avenue in Palo Alto used to be a great place to do business. For decades, there were several blocks where angels and VC partners camped out at café tables, taking pitches between lattes. The pandemic put a stop to that, however. These days, when you have an opportunity to sell an
In the pandemic era, when digital storefronts have become a matter of course for retailers, data analytics is proving its worth. Tools that analyze customer data can help better maintain stock, build a supply chain, detect fraud and predict which products might appeal to particular customer segments. Those advantages — as well as their ability
Google announced a major update to Google Meet today that includes a number of long-requested features and plenty that you didn’t even know you needed. There is a long list here, but the main additions are likely in-meeting reactions to give immediate, updates to the Meet companion mode, emoji-based feedback, the ability to use Meet
Signaling its ambitions in the process automation market, Microsoft has acquired Minit, a Bratislava, Slovakia-originated process mining technology vendor, for an undisclosed sum, the companies announced today. Microsoft says that the purchase will “further empower” it to “help … customers digitally transform” by creating a more complete picture of their processes — and identifying which
As more people moved to remote work over the past few years, there was also an uptick in people choosing freelance or contract work, leaving companies to figure out how to manage that worker segment. If you are one of those having to find work and manage payments, tax filings and invoices, there’s help from
OpenStack, the massive open source infrastructure-as-a-service project that allows enterprises and public hosting services to run their own on-premise clouds, today released version 25 of its software, dubbed Yoga. Like all large open source projects, OpenStack has gone through its ups and downs, but as the Open Infrastructure Foundation, the organization behind OpenStack and a
Healthcare has a hiring crises. Nearly 20% of medical workers have quit their jobs during the pandemic, according to a recent Morning Consult survey. Some studies estimated the healthcare system’s burnout cost at about $4.6 billion a year before the spread of COVID-19, a number that has likely risen. Organizations have increasingly ramped up benefits
It’s no secret that digital supply chains are increasingly under attack as hackers look to use this vector to get access to company networks and confidential information. But that also means businesses have to figure out ways to secure their assets even when they sit outside of the attack surface they would traditionally focus on.
There’s no textbook-approved technique for building a startup engineering team: in the early days, everyone wears several hats. But when a company enters its growth phase, the recruiting process is systematized, new hires are sorted into discrete units, and a thin layer of management is applied to keep everything on track. When Jean-Denis Greze accepted
Liberty Strategic Capital, the private equity firm launched last year by former treasury secretary Steven T. Mnuchin, announced today that it is acquiring a majority stake in mobile security startup Zimperium for $525 million. With Zimperium, the firm takes a dive into mobile security, which Mnuchin sees at the front line of cyber security today.
Celonis, the process mapping startup, has been on a nice run the last several years, forging significant partnerships with IBM and ServiceNow, while announcing a $1 billion Series D last June on a massive $11 billion valuation. With that kind of capitalization, the company decided to expand its reach today when it announced the acquisition
Hello and welcome back to Found, the podcasts where we tell the stories behind the startups. This week Darrell and Jordan talked with Laura Crabtree, the co-founder and CEO of Space SaaS company, Epsilon3 which helps companies run their complex engineering, testing, and operational procedures. Here’s a sneek peak into what they get into in
Erol Toker Contributor Erol Toker is the CEO/founder of Truly.co, a Salesforce native bot platform bringing together AI, no-code rulesets and automation workers in highly customizable ways. The media is abuzz with articles telling us how to improve B2B sales, but at the same time, we also see headlines like “The end of B2B sales.”
It’s getting harder these days to get your buyer’s attention. It used to be that you paid for some ads and threw up some blog posts and you were pretty much good to go, but as these channels become less effective, SaaS companies are looking to more sophisticated kinds of media production to reach their
In a previous era, startups that gained influence with CIOs could skate through the procurement process and start planning seminars for new customers as soon as contracts were finalized. Today, a decade or more into the End User Era, consumers have become the tail that wags the dog. Product-led growth models have been widely embraced:
Jeff Kukowski Contributor Jeff Kukowski is CEO at CloudBolt, which helps companies automate easily, optimize continuously and govern at scale in hybrid and multicloud, multitool environments. With data centers alone consuming around 1% of global electricity demand, IT departments have substantial influence on their organization’s sustainability goals. Significantly reducing the amount of energy used to
ServiceNow introduced a new overall application design today, and while they were at it, launched Automation Engine, a tool developed to help companies speed up the creation of automations, including native RPA (robotic process automation) integration. They are both part of the new San Diego release available today. Dave Wright, chief innovation officer at ServiceNow,
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