Tag: Enterprise

Software observability platform Honeycomb raises $50M

Honeycomb, a software observability platform used by developers at companies such as Stripe, Slack, Heroku, and LaunchDarkly, has raised $50 million in a series C round of funding. “Observability” is chiefly concerned with metrics, logs, and traces — that is, measuring the internal state of a system by analyzing the raw data outputs to understand […]

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Twilio launches new platform focused on personalized marketing

During today’s Signal conference, Twilio unveiled a new platform — Twilio Engage — that it says will enable personalization at scale for business-to-consumer companies. A pillar of Twilio’s customer engagement platform, Engage, is designed to help marketers build and launch tailored end-to-end marketing campaigns. An increasing number of companies are embracing personalization for marketing. While […]

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Micron to invest $150B in memory chip production to support data economy

Micron Technology said it plans to invest $150 billion in the coming decade to boost semiconductor production. And Idaho-based Micron is asking Congress to pass legislation to help with domestic plant expansion, said Micron CEO Sanjay Mehrotra in an interview with the Wall Street Journal. Part of the aim is to support the data economy. […]

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Report: Despite ‘great resignation’ wave, U.S. workforce sees 21% increase in return to work since August

In September, the U.S. saw a 21% increase in the number of employees returning to work compared to August, according to the latest data from workplace management platform Robin. Above: The U.S. and North America saw major gains in employees returning to office in September 2021. The Delta variant surge pushed many organizations to re-evaluate […]

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Compliance and risk management startup Hyperproof lands $16.5M

Hyperproof, a compliance software provider, today announced that it raised $16.5 million in series A funding led by Toba Capital at a $72.5 million post-money valuation. The company says that it’ll use the new capital to support product R&D and grow its headcount as it looks to expand to new markets. The need for risk […]

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Summit Partners acquires majority stake in app security company Invicti Security for $625M

Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next.  Invicti Security, an Austin, Texas-based company offering web app cybersecurity and data management services, today announced that it signed an agreement for a $625 million majority investment led by Summit Partners with participation from Turn/River Capital. Invicti […]

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Stripe acquires automated payments reconciliation company Recko

Payments giant Stripe has announced plans to acquire Recko, an Indian company specializing in payments reconciliation. Terms of the deal were not disclosed. Payments reconciliation, for the uninitiated, is a form of bookkeeping that involves comparing internal accounting records against external bank statements to ensure everything matches and there are no discrepancies. For smaller companies […]

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Ground freight logistics startup Flock Freight closes $215M funding round

Digital freight logistics company Flock Freight today announced that it raised $215 million in series D funding led by Softbank Vision Fund 2, increasing the startup’s valuation to $1.3 billion. The round also included participation from Susquehanna Private Equity Investments, LLLP, Eden Global Partners, SignalFire, GLP Capital Partners, and GV (formerly Google Ventures), and will […]

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AI model optimization startup Deci raises $21M

Tel Aviv, Israel-based Deci, a company developing a platform to optimize machine learning models, today announced that it raised $21 million in a series A round led by Insight Partners with participation from Square Peg, Emerge, Jibe Ventures, Samsung Next, Vintage Investment Partners, and Fort Ross Ventures. The investment, which comes a year after Deci’s […]

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Workforce analytics platform SkyHive raises $40M

SkyHive Technologies, a company developing workforce planning software, today announced that it closed a $40 million series B round led by holding company Eldridge Industries LLC, with participation from Allegis Cyber, Accenture Ventures, Workday Ventures, and the Partnership Fund For New York City. CEO Sean Hinton says that the proceeds will be put toward growing […]

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Automated document processing platform Rossum raises $100M

Rossum, a platform used by enterprises to automatically process and “understand” all their inbound documents, has raised $100 million in a series A round of funding. Sources say that Rossum is now valued at somewhere between $500 million and $1 billion. Some 550 billion invoices alone change hands globally each year, spanning all manner of […]

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Splunk unveils new observability functions at annual conference

This week at its annual user conference, .conf21, Splunk rolled out a variety of new features, extensions, and observability functions to its popular collection of tools for tracking software performance. The new features gather more data from a wider range of machines in the cloud, on-premises, or at the edge while also opening up the […]

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Smart microgrids are replacing legacy electrical systems

The technology world tends to take electricity for granted, a commodity that simply flows from the wall. But behind the sockets and wires, a quiet revolution has been transforming how the world generates and delivers electricity. The old model of a single large plant is being replaced by a complex network of smaller generators and […]

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Gartner prescribes a human-centric, hybrid-focus for the future of work

Early in his presentation on recommendations for the future of work, Gartner distinguished VP and analyst, Graham Waller, highlighted the need to rethink “archaic” assumptions like the idea of the traditional 9 to 5 workday. Waller noted this traditional structure of work dates back to early factories that depended on utilizing the natural light coming […]

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Report: 40% of diverse employees say their companies haven’t improved DEI practices

While the pandemic has been a major focus for the past year and a half, 2020 was a major turning point for racial injustice both from a societal standpoint and within the workplace. And while many organizations and leaders have made commitments to implement better Diversity, Equity, and Inclusion (DEI) practices, 40% of employees of […]

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How health care organizations can improve their cybersecurity in 2021

Attacking health care cybersecurity with breaches and ransomware attempts is the big-game-hunting strategy of choice for cybercriminals in 2021. Bad actors, including ransomware gangs, admit health care providers are a soft target and the most willing to pay ransoms. Oh, and there’s another dark-business motivation: Personal health information (PHI) data is the most lucrative to […]

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AI-powered fraud-fighting platform Resistant AI raises $16.6M

Resistant AI, a startup developing automation technologies that respond to vulnerabilities in financial services, today announced that it raised $16.6 million in a series A funding round from GV (formerly Google Ventures) with participation from Index Ventures, Credo Ventures, and Seedcamp. The Prague, Czech Republic-based company says it’ll use the funding to build out Resistant […]

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SambaNova Systems releases enterprise-grade GPT AI-powered language model

SambaNova Systems, a company that builds advanced software, hardware, and services to run AI applications, announced the addition of the Generative Pre-trained Transformer (GPT) language model to its Dataflow-as-a-Service™ offering. This will enable greater enterprise adoption of AI, allowing organizations to launch their customized language model in much less time — less than one month, […]

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Google Cloud invests $50 million in cybersecurity startup Cybereason

Cybereason, a Tel Aviv- and Boston, Massachusetts-based cybersecurity company providing endpoint prevention, detection, and response, has secured a $50 million investment from Google Cloud, VentureBeat has learned. It extends the series F round that Cybereason announced in July from $275 million to $325 million, making Cybereason one of the best-funded startups in the cybersecurity industry […]

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Instacart acquires smart checkout startup Caper AI for $350M

Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next.  Instacart today announced that it acquired Caper AI, a startup developing technologies to automate brick-and-mortar checkout experiences, for approximately $350 million in cash and stock. With the purchase, Instacart says that it aims to help retailers “unify […]

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Network and security services provider Cato Networks nabs $200M

Cato Networks, a secure access service edge (SASE) company developing products to manage networking equipment, today announced that it raised $200 million at a $2.5 billion post-money valuation, bringing its total capital to $532 million. The round, which was led by Lightspeed Venture Partners with participation from Greylock, Aspect Ventures, Acrew Capital, Coatue, Singtel Innov8, […]

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Skyflow, which delivers data privacy via an API, raises $45M

Skyflow, a company that make it easier for developers to embed data privacy into their applications, has raised $45 million in a series B round of funding. Founded in 2019, Skyflow operates at the intersection of two notable technology trends — the API economy and data privacy. As companies transition from monolithic software to a […]

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Seed-stage cybersecurity companies see investment slowdown, report finds

Cybersecurity venture capital (VC)  firm DataTribe today released its Q3 2021 insights report, which highlights an early-stage cybersecurity investment slowdown. The capital invested in each round continues to climb, but seed rounds are increasing at a slower rate compared to later stages — painting a mixed picture for the industry. The cost of a data […]

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HR Acuity raises $47M to track and manage workplace issues

HR Acuity, a platform built for employee relations and investigations management, today announced that it raised $47 million in a minority investment from K1 Investment Management. CEO and founder Deb Muller says that the capital — which is the first that the Florham Park, New Jersey-based company has publicly disclosed — will be put toward […]

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Payment automation platform Primer nabs $50M

Primer, a London-based payment automation platform for merchants, today announced that it raised $50 million in series B funding led by Iconiq Growth with participation from Accel, Balderton Capital, Seedcamp, Speedinvest, and RTP Global. The proceeds from the round, which value the company at $425 million, will be put toward international sales growth and product […]

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Vonage acquires conversational commerce startup Jumper

Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next.  Vonage today announced that it acquired Jumper.ai, a Singapore-based, AI-powered conversational commerce platform, for an undisclosed sum. Vonage says that Jumper’s team will join its product and engineering group based in Singapore as the company incorporates Jumper’s […]

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Vfunction, which helps enterprises transition to microservices, raises $26M

Vfunction, a company that helps enterprises transition from legacy apps to the cloud and a modern microservices architecture, has raised $26 million in a series A round of funding. Companies such as Uber and Netflix have long transitioned from monolithic infrastructures and private datacenters to more flexible and reliable software components that connect via APIs […]

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Threat detection marketplace SOC Prime nabs $11.5M

SOC Prime, a Boston, Massachusetts-based startup developing a threat detection marketplace, today announced that it closed an $11.5 million funding round led by DNX Ventures with participation from Streamlined Ventures and Rembrandt Venture Partners. The company will use the capital to further develop its cybersecurity platform, invest in global expansion, and expand its sales team […]

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Cybersecurity data monitoring platform Query.ai secures $15M

Query.ai, a startup developing what it calls a “security control plane” for enterprises, today announced that it closed a $15 million series A round led by SYN Ventures with participation from ClearSky Security and South Dakota Equity Partners. The round, which brings the company’s total raised to nearly $20 million, will be used to support […]

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Identity protection provider Aura raises $200M at a $2.5B valuation

Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next.  Burlington, Massachusetts-based identity protection company Aura today announced it raised $200 million at a $2.5 billion post-money valuation, bringing its total sum raised to $650 million. CEO Hari Ravichandran said that the funds will be put toward […]

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Managed open source data infrastructure provider Aiven raises $60M

Let the OSS Enterprise newsletter guide your open source journey! Sign up here. Aiven, a provider of fully managed and hosted services for myriad open source data infrastructure projects including Kafka, Grafana, and Cassandra, has raised $60 million in a series C extension round at a $2 billion valuation. The raise comes as businesses across the spectrum embrace open source software […]

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