The problem: The auto dealer can’t sell the car without being paid. The bank doesn’t want to loan the money without insurance. The insurance broker doesn’t want to write a policy without payment. The three companies need to work together as partners, but they can’t really trust each other. When businesses need to cooperate, they […]
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Idera, a Houston-based company that develops a range of database tools, alongside application development and test management tools, has acquired Apilayer, an Austrian startup that offers cloud-based application programming interfaces (APIs). Terms of the deal were not disclosed. Apilayer, which was founded out of Vienna in 2015, provides myriad APIs that serve access to real-time […]
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Massachusetts-based SaaS startup Cumulus Digital Systems, whose cloud platform monitors industrial data for quality assurance, will announce an $8 million funding round later today. Cumulus plans to use this money from GEC to advance its platform with additional connected-tool integrations and advanced data analytics for failure prediction. Once the company builds its primary tech stack, […]
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A battle for control over machine learning operations (MLOps) is beginning in earnest as organizations embrace feature store repositories to build AI models more efficiently. A feature store is at its core a data warehouse through which developers of AI models can share and reuse the artifacts that make up an AI model as well […]
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The problem: Your mobile app just went viral, and you’ve got a boatload of new users flooding your servers with a bazillion packets of data. How can you store this firehose of sensor data? Is there a way to deliver some value with statistical analysis? Can you do this all on a budget with a […]
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IBM announced that it’s acquiring Taos, a provider of managed and professional IT services with a strong focus on public cloud computing platforms. At the same time, Deloitte Consulting announced that it has completed its previously announced acquisition of HashedIn Technologies Private Limited, a software engineering and product development firm specializing in cloud native technologies. […]
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GitLab announced a new partnership with IBM Cloud designed to help DevOps teams work more efficiently by collaborating and deploying through a shared platform. Dubbed GitLab for IBM Cloud Pak, the service will leverage IBM Watson’s artificial intelligence to speed the development of cloud-based applications. “The collaboration between IBM and GitLab brings together the best […]
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RecVue, which provides an application platform for managing order-to-cash processes, today revealed it has raised an additional $13 million. The funding will be used to advance the adoption of an order lifecycle management platform that bridges the gap between customer relationship management (CRM) applications and backend enterprise resource planning (ERP) applications. The series A funding […]
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Pretty much every company these days is a software company, meaning that every company has to manage code in some form. The bigger a business becomes, however, and the more that it relies on software to operate, the bigger the codebases gets and the more engineers and developers come and go from a company– this […]
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Lumiata, a company providing AI-powered predictive analytics for managing health care costs, has raised $14 million. The company says it’ll use the funds to scale its platform and invest in customer acquisition ahead of the opening of an office in Guadalajara, Mexico in 2021. As many as 3.5 million hospital stays among adults in 2017 […]
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Cybersecurity startups that offer dramatic new visions for digital defense are seeing a surge of interest from venture investors. According to a new report from cybersecurity venture capital firm DataTribe, the trend reflects the way the cybersecurity industry is resetting after a wave of venture capital cooled starting about two years ago. In an interview, […]
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With more data than ever pouring into cloud services, the need to protect that data from being stolen or encrypted by a ransomware attack led Veritas Technologies yesterday to announce it has acquired HubStor. Terms of the deal were not disclosed. As a provider of software-as-a-service (SaaS) platform for backing up data stored in cloud […]
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WeRide, a Guangzhou, China-based startup developing autonomous vehicle systems, this evening announced that it raised a total of $310 million in series B funding after completing series B2 and B3 rounds. The fundraising follows the closure of a $200 million strategic round by Chinese bus maker Yutong in December. Some experts predict the pandemic will hasten […]
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Stacklet has raised $18 million as the developer of a governance platform rushes to meet the demand from companies expanding their cloud footprints. Venture firm Addition led the funding round which also included investment from Foundation Capital and Liam Randall, who joined the company as vice president of business development. The startup just came out […]
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Intel announced today that Bob Swan will step down as CEO on February 15, and former Intel executive and VMware CEO Pat Gelsinger will become Intel’s new top boss. The transition highlights the fact that Intel has been struggling to compete on chip design against Advanced Micro Devices and to compete with TSMC and Samsung […]
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Enterprise content management (ECM) platforms that have historically been employed to manage files are, thanks to the rise of AI, about to evolve into central repositories for keeping track of relationships between a much wider range of types of data. Fresh off raising an additional $80 million in funding, M-Files is in the process of […]
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The global game market grew 19.6% to $174.9 billion in 2020, and the lion’s share is now mobile gaming, according to Newzoo. And the research firm has now revealed the top trends to watch in 2021. The market could grow to $217.9 billion by 2023, but first the industry will have to get through what […]
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Tilting Point has agreed to spend up to $10 million to market the dating simulator Dangerous Fellows, a game from South Korean developer Storytaco. The deal comes just a month after Tilting Point (a free-to-play game publisher and provider of marketing services) said it would invest $40 million to fund user acquisition for South Korean game […]
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NeuroFlow, a digital health company combining workflow automation, patient engagement solutions and services, and applied AI to promote behavioral health, today announced it raised $20 million in a round led by Magellan Health. The company says it will use the series B funds to scale its operations and support its growth in data analytics, AI, […]
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Molecula, which is developing a cloud-based feature store for AI and machine learning workloads, today announced it has raised $17.6 million. The company says the proceeds will be put toward accelerating the launch of its managed cloud service and bolstering its sales and marketing efforts. Enterprises embracing an AI-first strategy must contend with federating, pre-aggregating, […]
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Having watched the PC market slowly disintegrate in recent years, the latest market research showing a massive surge in sales is astounding. It is also a testament to the profound impact the pandemic has had on the way people live and work — trends that the numbers indicate are likely to endure well beyond the […]
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Workato, a company that offers an integration and automation platform for businesses, today announced that it raised $110 million at a post-money valuation of $1.7 billion. The company says it’ll put the funds toward product innovation and technology development, expanding its customer success program, launching its first user conference in 2021, and investing in scaling […]
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M-Files announced that it has raised $80 million as the Finnish company develops AI that automates the messy process of organizing and tracking internal documents and data for enterprises. Bregal Milestone led the round, which also included investment from previous investors Partech, Tesi, and Draper Esprit. The ultimate goal of M-Files platform is to make […]
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Jellyfish, a software engineering management platform that helps managers align engineering work with business objectives, has raised $31.5 million in a series B round of funding led by Insight Partners. Founded in 2017, Boston-based Jellyfish is setting out to do for engineering team leaders what customer relationship management (CRM) systems have been doing for sales […]
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JumpCloud, a cloud-native directory service for enterprises, has closed its BlackRock-led series E round of funding at $100 million, following an initial $75 million tranche announced in November. Founded out of Colorado in 2012, JumpCloud offers a cloud directory platform at the cross-section between a company’s various endpoints (e.g. laptops and mobile devices), user identities, […]
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IBM announced today it acquired 7Summits, a privately held consulting firm owned by Sverica Capital Management LP. For more than 10 years, 7Summits has specialized in projects based on software-as-a-service (SaaS) applications from Salesforce. Terms of the deal were not disclosed. The acquisition comes at a time when the number of organizations that have transitioned […]
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Pegasystems announced today it has acquired Qurious.io, a provider of a cloud service that analyzes voice calls in real time to enable customer service representatives to better determine their next best course of action. Terms of the deal were not disclosed. Qurious.io combines speech-to-text, natural language processing (NLP), and emotion detection capabilities to analyze conversations […]
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At the all-virtual Consumer Electronics Show (CES) today, Intel subsidiary Mobileye announced four new locations where it plans to test its autonomous vehicle technologies. In a briefing with reporters, Mobileye cofounder Amnon Shashua revealed that Mobileye’s vehicles began driving autonomously in Detroit in late 2020 and are expected to be on the roads in Tokyo, […]
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Just as 2D computer vision systems are helping factories to identify defective parts and webcams to blur out home office backgrounds, next-generation imaging radars will enable autonomous and semi-autonomous vehicles to understand their environments for safer navigation. Today, Israeli startup Arbe announced a partnership with Sweden’s Qamcom to bring 4D imaging radar technology from the autonomous car market […]
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Verily, Alphabet’s research subsidiary focused on life sciences, has announced a strategic partnership with Microsoft and Broad Institute of MIT and Harvard to adopt a new multi-cloud approach to biomedical research. The news comes less than a month after Verily raised a fresh $700 million in funding from parent Alphabet, Silver Lake, and Temasek. The […]
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In part 2 of this series, we explored scalable unit-based pricing and highlighted a few of the common pitfalls and lessons the industry has learned. In this final article, we will delve deeper into the ultimate alignment with customer value: true usage-based pricing. Irrespective of how advanced you get with the choice of your unit, […]
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