Enterprise

Searchable.ai is an early-stage startup in the alpha phase of testing its initial product, but it has an idea compelling enough to attract investment, even during a pandemic. Today the company announced an additional $4 million in seed capital to continue building its AI-driven search solution. Susquehanna International Group and Omicron Media co-led the round

As the pandemic surged and companies moved from offices to working at home, they needed tools to ensure the continuity of their business operations. SaaS companies have always been focused on allowing work from anywhere there’s access to a computer and internet connection, and while the economy is reeling from COVID-19 fallout, modern software companies

Automation is the name of the game in enterprise IT at the moment: we now have a plethora of solutions on the market to speed up your workflow, simplify a process, and perform more repetitive tasks without humans getting involved. Now, a startup that is helping non-technical people get more directly involved in how to

When Spotinst rebranded to Spot in March, it seemed big changes were afoot for the startup, which originally helped companies find and manage cheap infrastructure known as spot instances (hence its original name). We had no idea how big at the time. Today, NetApp announced plans to acquire the startup. The companies did not share

Zoom’s latest earnings report was even better than expected, SoftBank announces a new fund to invest in founders of color and Google pulls a trending app that targets apps from China. Here’s your Daily Crunch for June 3, 2020. 1. Remote work helps Zoom grow 169% in one year, posting $328.2M in Q1 revenue Zoom’s

Atlassian today launched a slew of DevOps-centric updates to a variety of its services, ranging from Bitbucket Cloud and Pipelines to Jira and others. While it’s quite a grabbag of announcements, the overall idea behind them is to make it easier for teams to collaborate across functions as companies adopt DevOps as their development practice

Today after the bell, video-chat service Zoom reported its Q1 earnings. The company disclosed that it generated $328.2 million in revenue, up 169% compared to the year-ago period. The company also reported $0.20 per-share in adjusted profit during the three-month period. Analysts, as averaged by Yahoo Finance, expected Zoom to report $202.48 million in revenue,

In 2015, Atlassian was preparing to go public, but it was not your typical company in so many ways. For starters, it was founded in Australia, it had two co-founder co-CEOs, and it offered collaboration tools centered on software development. That meant that the company leaders really needed to work hard to help investors understand

When Salesforce announced it was acquiring Vlocity for $1.33 billion in February, it was a deal that made sense for both companies. Today, the company announced that the deal has closed and Vlocity CEO David Schmaier has been named CEO of a new division called Salesforce Industries. Vlocity has built several industry-specific CRM tools such

Gaurav Jain Contributor Gaurav Jain is one of the founders of Afore Capital, a $124 million fund focused on pre-seed. He was also an early product manager for Android. More posts by this contributor The pre-seed diligence framework How To Be A VC Without Any Capital In business, there’s nothing so valuable as having the

Reliance Jio Platforms secured $10.3 billion in recent weeks from Facebook and others Manish Singh 8 hours As investors’ appetites sour in the midst of a pandemic, a three-and-a-half-year-old Indian firm has secured $10.3 billion in a month from Facebook and four U.S.-headquartered private equity firms. The major deals for Reliance Jio Platforms have sparked

In spite of a positive quarter with record revenue that beat analyst estimates, Salesforce stock was taking a hit today because of lighter guidance. Wall Street is a tough audience. The stock was down $8.29/share or 4.58% as of 2:15 pm ET. The guidance, which was a projection for next quarter’s earnings, was lighter than

Box CEO Aaron Levie has been working to change the software world for 15 years, but the pandemic has accelerated the move to cloud services much faster than anyone imagined. As he pointed out yesterday in an Extra Crunch Live interview, who would have thought three months ago that businesses like yoga and cooking classes

Joey Lei Contributor Joey Lei is director of service management at Synoptek, a global systems integrator and managed services provider. Prior to joining Synoptek, he was a lead product manager for Dell EMC’s Data Protection Division and was a founding product manager for Dell EMC PowerProtect Data Manager, Dell EMC’s newest generation data protection and

Toro’s founders started at Uber helping monitor the data quality in the company’s vast data catalogs, and they wanted to put that experience to work for a more general audience. Today, the company announced a $4 million seed round. The round was co-led by Costanoa Ventures and Point72 Ventures with help from a number of

We may be in the thick of a pandemic with all of the economic fallout that comes from that, but certain aspects of technology don’t change no matter the external factors. Storage is one of them. In fact, we are generating more digital stuff than ever, and Wasabi, a Boston-based startup that has figured out

In a surprise move, Mirantis acquired Docker’s Enterprise platform business at the end of last year and while Docker itself is refocusing on developers, Mirantis kept the Docker Enterprise name and product. Today, Mirantis is rolling out its first major update to Docker Enterprise with the release of version 3.1. For the most part, these

When Docker sold off its enterprise division to Mirantis last fall, that didn’t mark the end of the company. In fact, Docker still exists and has refocused as a cloud-native developer tools vendor. Today it announced an expanded partnership with Microsoft around simplifying running Docker containers in Azure. As its new mission suggests, it involves

This week, Verizon Communications CEO Hans Vestberg joined us for an episode of Extra Crunch Live. Vestberg is leading the company through the midst of one its biggest rollouts to date with the push into 5G connectivity. In our discussion, he spoke about how he’s managing the organization during this global crisis, his thoughts on

RudderStack, a startup that offers an open-source alternative to customer data management platforms like Segment, today announced that it has raised a $5 million seed round led by S28 Capital. Salil Deshpande of Uncorrelated Ventures and Mesosphere/D2iQ co-founder Florian Leibert (through 468 Capital) also participated in this round. In addition, the company also today announced

Baton, an early-stage startup that wants to help customers organize the post-sales implementation process, emerged from stealth today with a $10 million Series A investment. Activant Capital led the round with help from Global Founders Capital and Hybris founder Carsten Thoma. Like so many startups, the idea for Baton stemmed from a pain point that

As the leader of a publicly traded corporation with 135,000 employees, Verizon Communications CEO Hans Vestberg has a unique perspective on the state of the world. When he appears today on Extra Crunch Live, our virtual speaker series for Extra Crunch members, we’ll ask him about this extraordinary moment in history and his plans for

When I spoke to Robert Ross, CEO and co-founder at FireHydrant, we had a technology adventure. First the audio wasn’t working correctly on Zoom, then Google Meet. Finally we used cell phones to complete the interview. It was like a case study in what FireHydrant is designed to do — help companies manage incidents and

Couchbase. the Santa Clara-based company behind the eponymous NoSQL cloud database service, today announced that it has raised a $105 million all-equity Series G round “to expand product development and global go-to-market capabilities.” The oversubscribed round was led by GPI Capital, with participation from existing investors Accel, Sorenson Capital, North Bridge Venture Partners, Glynn Capital,

As we move deeper into the pandemic, it’s clear that the way we conduct business is changing, maybe forever. That means that business has to change too — and fast. But if you’ve never conducted business digitally or only nominally, how do you suddenly transform on the fly? Salesforce Commerce Cloud CEO Mike Micucci says

IBM confirmed reports from over night that it is conducting layoffs, but wouldn’t provide details related to location, departments or number of employees involved. The company framed it in terms of replacing people with more needed skills as it tries to regroup under new CEO Arvind Krishna. “IBM’s work in a highly competitive marketplace requires

Oren Yunger Contributor Oren Yunger is an investor at GGV Capital, focused on enterprise IT infrastructure, development tools and cybersecurity. He was previously chief information security officer at a SaaS company and a public financial institution. Like all business leaders, chief information security officers (CISOs) have shifted their roles quickly and dramatically during the COVID-19

We’ve been on a roll with our Extra Crunch Live Series for Extra Crunch members, where we’re talking to some of the biggest names in Silicon Valley about business, investment and the startup community. Recent interviews include Kirsten Green from Forerunner Ventures, Charles Hudson from Precursor Ventures and investor Mark Cuban. Next week, we’re pleased

Compared to other tech firms, enterprise companies have held up well during the pandemic. If anything, the problems enterprises were facing prior to the economic downturn have become even more pronounced; if you were thinking about moving to the cloud or just dabbling in it, you’re probably accelerating that motion. If you were trying to

BetterCloud gives IT visibility into its SaaS tools providing the means to discover, manage and secure those tools. In the middle of a crisis that has forced most companies to move workers home, being able to manage SaaS usage in this way is growing increasingly significant. Today the company announced a $75 million Series F.