It’s common these days to launch an enterprise startup based on an open source project, often where one the founders was deeply involved in creating it. The beauty of this approach is that if the project begins to gain traction, you have the top of the sales funnel ready and waiting with potential customers when
Enterprise
The Pentagon announced a limited request for bids for a new cloud initiative today that replaces the cancelled $10 billion, decade-long JEDI contract initiative. You may recall (or not) that it previously ran a winner-take-all bid it had dubbed JEDI (short for Joint Enterprise Defense Infrastructure). The new initiative goes by the much less catchy
Flytrex, the Israeli startup working with Walmart, Chilli’s, and others in North Carolina in pilots for a drone-based delivery service targeting suburban consumers, has picked up $40 million in funding to continue developing its hardware and software, and more business partnerships, as it awaits regulatory nods to expand its service to more markets in the
Workday announced this afternoon that it intends to acquire VNDLY, a Mason, OH startup that helps companies manage external workforce personnel for $510 million. Workday helps companies manage finance and human resources tasks, and VNDLY fits nicely into the latter category providing them with software to manage contractors, a service that should come in handy
Ashish Kakran Contributor Ashish Kakran, principal at Thomvest Ventures, is a product manager/engineer turned investor who enjoys supporting founders with a balance of technical know-how, customer insights, empathy with challenges and market knowledge. In the early 2000s, most business-critical software was hosted on privately run data centers. But with time, enterprises overcame their skepticism and
Mom-and-pop corner store owners in Latin America manage relationships with over 100 different suppliers, on average, often traveling long distances to pick up inventory, so they aren’t able to regularly restock. Most of these relationships are largely managed manually and on paper, but Chiper developed an e-commerce ecosystem for corner stores that is shifting that
E-commerce and other online businesses are becoming increasingly global in their operations and customer bases, and a startup called Airwallex — which has built a banking solution that addresses the opportunity to provide cross-border financial services — has been seeing a massive surge of activity. To capitalize further on that opportunity, today the company is
Google Cloud announced a multiyear partnership with Cohere, an early-stage startup that is building a natural language processing platform to make it easier for developers to build natural language processing models into applications. The solution requires a fair amount of infrastructure resources to pull off, and Google Cloud Platform (GCP) is going to provide them
Slack has always differentiated itself as a communications tool by its ability to run applications inside of Slack and avoid dreaded context switching. At the Frontiers Conference today, the company is announcing a twist on app integrations with new building blocks — components that developers can build and string together into pre-packaged kinds of workflows.
Luxury Presence, a startup selling marketing software to real estate brokerages, announced today it has raised $25.9 million for its Series B round. Bessemer Venture Partners led the round alongside fellow existing investors Toba Capital and Switch Ventures. Dallas Mavericks basketball player Dirk Nowitzki also participated in the round along with other angel investors, making
No-code continues to permeate the many layers of enterprise IT, where traditionally non-technical workers have had to rely on technical experts to get things done, and startups building these tools are raising a lot of money as they see a surge of business. In the latest development, EasySend — a Tel Aviv startup that has
Four months after securing a $5.25 million seed round, Mexican buy now, pay later startup Aplazo is back with an even bigger round to expand adoption of the payment plan approach across that country. Angel Peña and Alex Wieland co-founded the company in 2020. Prior to Aplazo, Peña lived in New York and worked at
Monograph, a startup providing a cloud-based platform for architecture and design professionals to manage their projects, announced today that it has raised $20 million in its Series B funding round. New investor Tiger Global led the round, with participation from Tishman Speyer and existing investors Index Ventures and Homebrew Ventures. The round brings Monograph’s total
Mixpanel was a hot startup in 2014 when it nabbed a $65 million Series B on an $865 million valuation, a sizable B round and valuation for those days. Today, seven years after that announcement, the company finally has a C round, a $200 million investment on a $1.05 billion valuation from Bain Capital Tech
The last 20 months of living in the midst of Covid-19, with all its unexpected developments, have been a challenge for many organizations when it comes to planning for the future. But that has also presented an opportunity for tech: build tools to make planning and forecasting, even in the midst of a pandemic, easier
Salesforce users tend to have a similar complaint in the amount of time it takes to update records, but Weflow aims to conquer this form of “Salesforce fatigue.” The Berlin-based company is developing a tool — still in private beta — that makes it faster to update Salesforce and reduces much of the busy work
We tend to take the cloud for granted today as a way of delivering and building software, but it wasn’t always the case. Less than a decade ago, in fact, companies like Microsoft sold most of their software in boxes or in large on-prem installations inside customer data centers. Around 2012, as the company began
Back when most commerce took place on the local high street, shoppers who exchanged personally identifiable information with merchants received something in return. Shops kept track of customers’ hat, shoe and dress sizes, along with their birthdays, anniversaries and personal preferences. In return, buyers got a first look at new products and service that anticipated
It’s tough to be a seller when there are so many products out there on marketplaces just waiting to be discovered. Promoted.ai is out to help people find you, securing $2 million in funding to continue developing its tool that matches buyers to sellers in marketplace search. The company was started by two former Pinterest
Flexbase is turning construction financing on its head with a new credit card — the industry’s first, according to the founders — that offers up to 60 days interest-free financing. The company, which develops automated payments tools for contractors and the construction industry, was started by Zaid Rahman and Hadi Solh to target small- and
When you live in a home, something always breaks. And it can be difficult to know who to call and if you can afford the repairs. That’s where Puls Technologies come in. Now armed with $15 million in fresh capital led by Hanaco Venture Capital, the Livermore, California-based company, which offers on-demand home repair services
As developers push code across multiple clouds, figuring out what infrastructure you own becomes a real challenge, usually involving writing custom scripts. CloudQuery, an early-stage startup, wanted to make it easier, and built an open source tool to do the work for you. Today, the company announced a $3.5 million seed round led by Boldstart
Berlin-based Hive announced $34 million in new investment Wednesday as it continues developing its technology that provides direct-to-consumer brands an alternative way to manage operations. The company was founded by Oskar Ziegler, Franz Purucker and Leo von Kleist in July 2020 to offer software and operational services, including transparent cost structures, special features and sustainable
Smart building technology company Brivo reached an agreement to go public via special purpose acquisition with Crown PropTech Acquisitions. The SPAC deal values Brivo at $808 million. Once the merger closes in early 2022, the combined company will operate as Brivo and is expected to be listed on the New York Stock Exchange under the
The sales process can be chaotic, with data flowing in from a variety of sources and a number of people involved. Salesforce bought Slack for more than $27 billion last year because it recognized it could be the glue that holds this together. Momentum, an early-stage startup, wants to build on that relationship by being
You can’t raise more than $370 million on a good idea alone. But you can raise a seed round worth a few million from Aileen Lee with that and a few other critical ingredients. Guild Education CEO Rachel Carlson did just that. Aileen Lee, founder and managing partner of Cowboy Ventures, led a $2 million
On-demand delivery giant DoorDash announced Tuesday it was acquiring food delivery company Wolt in an all-stock deal valued at €7 billion, or $8.1 billion. Talking about the acquisition, Tony Xu, co-founder and CEO of DoorDash said in a statement that the move “will accelerate our product development, bring greater focus to each of our markets
With so much of the startup news cycle focused on unprecedented funding round sizes and record amounts of time bootstrapping, we don’t often step back from the numbers to have a hard think about innovation. But today, that’s precisely what we are going to do. The Exchange gained early access to pi Ventures’ Deep Tech
As Tableau looks for ways to make data more accessible to a greater number of people across an organization, it will be announcing later today at the #Data21 customer conference the ability to query your data inside Slack by asking questions using natural language. The announcement builds on previous integrations with Slack. Francois Ajenstat, chief
Joao Correia Contributor Joao Correia has a long background in IT system administration, where he learned the intricacies of keeping enterprise stakeholders happy and systems protected. Nobody likes it when Big Tech changes its mind. It’s particularly frustrating when it involves a major course change on something so essential to technology infrastructure as a server
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