DocuSign acquires Seal Software for $188M to enhance its AI chops

February 27, 2020 at 11:03PM Contract management service DocuSign today announced that it is acquiring Seal Software for $188 million in cash. The acquisition is expected to close later this year. DocuSign, it’s worth noting, previously invested $15 million in Seal Software in 2019. Seal Software was founded in 2010, and, while it may notContinue reading “DocuSign acquires Seal Software for $188M to enhance its AI chops”

Google Cloud’s newest data center opens in Salt Lake City

February 27, 2020 at 07:22PM Google Cloud announced today that it’s a new data center in Salt Lake City has opened, making it the 22nd such center the company has opened to-date. This Salt Lake City data center marks the third in the western region joining LA and Dalles, Oregon with the goal of providingContinue reading “Google Cloud’s newest data center opens in Salt Lake City”

London-based Gyana raises $3.9M for a no-code approach to data science

February 27, 2020 at 04:31PM Coding and other computer science expertise remain some of the more important skills that a person can have in the working world today, but in the last few years, we have also seen a big rise in a new generation of tools providing an alternative way of reaping the fruitsContinue reading “London-based Gyana raises $3.9M for a no-code approach to data science”

As Block exits, Salesforce forecasts it will surpass $20B in revenue in FY2021

February 26, 2020 at 09:55PM When Keith Block joined Salesforce from Oracle in 2013, the CRM giant was already a successful SaaS vendor on a billion dollar quarterly revenue cadence. When the co-CEO announced he was stepping down yesterday, the company reported revenue of $4.9 billion for the quarter. During his tenure, the the company’sContinue reading “As Block exits, Salesforce forecasts it will surpass $20B in revenue in FY2021”

Freshworks acquires AnsweriQ

February 26, 2020 at 04:08PM Customer engagement platform Freshworks today announced that it has acquired AnsweriQ, a startup that provides AI tools for self-service solutions and agent-assisted use cases where the ultimate goal is to quickly provide customers with answers and make agents more efficient. The companies did not disclose the acquisition price. AnsweriQ lastContinue reading “Freshworks acquires AnsweriQ”

Twilio 2010 board deck gives peek at now-public company’s early days

February 26, 2020 at 02:45PM Twilio is best known for its communications API, which allows developers to add messaging, voice or video to their apps with just a small slice of code. The company’s tools are used by customers like Lyft, Airbnb, Salesforce, Box and Duke University. The former startup went public in 2016 atContinue reading “Twilio 2010 board deck gives peek at now-public company’s early days”

Stonly grabs $3.5 million to make customer support more interactive

February 26, 2020 at 05:30AM Stonly is building a service for customer support teams so that they can share step-by-step guides to solve the most common issues. The startup just raised a $3.5 million funding round led by Accel with business angels also participating, such as Eventbrite CTO Renaud Visage and PeopleDoc founders Jonathan BenhamouContinue reading “Stonly grabs $3.5 million to make customer support more interactive”

Salesforce grabs Vlocity for $1.33B, a startup with $1B valuation

February 26, 2020 at 12:06AM It’s been a big news day for Salesforce . It announced that Co-CEO Keith Block would be stepping down, and that it had acquired Vlocity for $1.33 billion in an all-cash deal. It’s no coincidence that Salesforce targeted this startup. It’s a firm that builds six industry-specific CRMs on topContinue reading “Salesforce grabs Vlocity for $1.33B, a startup with $1B valuation”

Salesforce co-CEO Keith Block steps down

February 25, 2020 at 09:41PM Salesforce today announced that Keith Block, the company’s co-CEO, is stepping down. This leaves company founder Marc Benioff as the sole CEO and chair of the CRM juggernaut. Block’s bio has already been wiped from Salesforce’s leadership page. Block stepped into the co-CEO role in 2018, after a long careerContinue reading “Salesforce co-CEO Keith Block steps down”

HP offers its investors billions in shareholder returns to avoid a Xerox tie-up

February 25, 2020 at 04:52PM To ward off a hostile takeover bid by Xerox, which is a much smaller company, HP (not to be confused with Hewlett Packard Enterprise, a separate public company) is promising its investors billions and billions of dollars. All investors have to do to get the goods is reject the XeroxContinue reading “HP offers its investors billions in shareholder returns to avoid a Xerox tie-up”

CircleCI-AWS GovCloud partnership aims to bring modern development to U.S. government

February 25, 2020 at 02:36PM Much like private businesses, the United States government is in the process of moving workloads to the cloud, and facing a similar set of challenges. Today, CircleCI, the continuous delivery developer service, announced a partnership with AWS GovCloud to help federal government entities using AWS’s government platform to modernize theirContinue reading “CircleCI-AWS GovCloud partnership aims to bring modern development to U.S. government”

Databricks makes bringing data into its ‘lakehouse’ easier

February 24, 2020 at 02:00PM Databricks today announced that launch of its new Data Ingestion Network of partners and the launch of its Databricks Ingest service. The idea here is to make it easier for businesses to combine the best of data warehouses and data lakes into a single platform — a concept Databricks likesContinue reading “Databricks makes bringing data into its ‘lakehouse’ easier”

Lightspeed leads Laiye’s $42M round to bet on Chinese enterprise IT

February 24, 2020 at 03:49AM Laiye, a Chinese startup that offers robotic process automation services to several major tech firms in the nation and government agencies, has raised $42 million in a new funding round as it looks to scale its business. The new financing round, Series C, was co-led by Lightspeed Venture Partners andContinue reading “Lightspeed leads Laiye’s $42M round to bet on Chinese enterprise IT”

DSP Concepts raises $14.5M for its Audio Weaver platform

February 21, 2020 at 04:14PM DSP Concepts — a startup whose Audio Weaver software is used by companies as varied as Tesla, Porsche, GoPro and Braun Audio — is announcing that it’s raised $14.5 million in Series B funding. The startup goal, as explained to me by CEO Chin Beckmann and CTO Paul Beckmann (yep,Continue reading “DSP Concepts raises $14.5M for its Audio Weaver platform”

ChartHop grabs $5M seed led by a16z to automate the org chart

February 20, 2020 at 02:00PM ChartHop, a startup that aims to modernize and automate the organizational chart, announced a $5 million seed investment today led by Andreessen Horowitz. A big crowd of other investors also participated including Abstract Ventures, the a16z Cultural Leadership Fund, CoFound, Cowboy Ventures, Flybridge Capital, Shrug Capital, Work Life Ventures andContinue reading “ChartHop grabs $5M seed led by a16z to automate the org chart”

Thomas Kurian on his first year as Google Cloud CEO

February 19, 2020 at 09:15PM “Yes.” That was Google Cloud CEO Thomas Kurian’s simple answer when I asked if he thought he’d achieved what he set out to do in his first year. A year ago, he took the helm of Google’s cloud operations — which includes G Suite — and set about giving theContinue reading “Thomas Kurian on his first year as Google Cloud CEO”

Google Cloud opens its Seoul region

February 19, 2020 at 05:43PM Google Cloud today announced that its new Seoul region, its first in Korea, is now open for business. The region, which it first talked about last April, will feature three availability zones and support for virtually all of Google Cloud’s standard service, ranging from Compute Engine to BigQuery, Bigtable andContinue reading “Google Cloud opens its Seoul region”

SentinelOne raises $200M at a $1.1B valuation to expand its AI-based endpoint security platform

February 19, 2020 at 04:30PM As cybercrime continues to evolve and expand, a startup that is building a business focused on endpoint security has raised a big round of funding. SentinelOne — which provides a machine learning-based solution for monitoring and securing laptops, phones, containerised applications and the many other devices and services connected to aContinue reading “SentinelOne raises $200M at a $1.1B valuation to expand its AI-based endpoint security platform”

Google Cloud acquires mainframe migration service Cornerstone

February 19, 2020 at 03:00PM Google today announced that it has acquired Cornerstone, a Dutch company that specializes in helping enterprise migrate their legacy workloads from mainframes to public clouds. Cornerstone, which provides very hands-on migration assistance, will form the basis of Google Cloud’s mainframe-to-GCP solutions. This move is very much in line with GoogleContinue reading “Google Cloud acquires mainframe migration service Cornerstone”

Microsoft Dynamics 365 update is focused on harnessing data

February 19, 2020 at 02:41PM Microsoft announced a major update to its Dynamics 365 product line today, which correlates to the growing amount of data in the enterprise, and how to collect and understand that data to produce better customer experiences. This is, in fact, the goal of all vendors in this space including SalesforceContinue reading “Microsoft Dynamics 365 update is focused on harnessing data”

BluBracket scores $6.5M seed to help secure code in distributed environments

February 19, 2020 at 02:00PM BluBracket, a new security startup from the folks who brought you Vera, came out of stealth today and announced a $6.5 million seed investment. Unusual Ventures led the round with participation by Point72 Ventures, SignalFire and Firebolt Ventures. The company was launched by Ajay Arora and Prakash Linga, who untilContinue reading “BluBracket scores $6.5M seed to help secure code in distributed environments”

Ordway lands $10M Series A to bridge gap between sales and finance

February 19, 2020 at 12:30PM Ordway, a Washington, DC startup, is building a platform to deal with all of the stuff that happens after you make sale. It starts with the order and goes all the way to revenue, however that revenue manifests itself — as a one time payment or a recurring subscription. TodayContinue reading “Ordway lands $10M Series A to bridge gap between sales and finance”

Cloud spending said to top $30B in Q4 as Amazon, Microsoft battle for market share

February 18, 2020 at 11:00PM We all know the cloud infrastructure market is extremely lucrative; analyst firm Canalys reports that the sector reached $30.2 billion in revenue for Q4 2019. Cloud numbers are hard to parse because companies often lump cloud revenue into a single bucket regardless of whether it’s generated by infrastructure or software.Continue reading “Cloud spending said to top $30B in Q4 as Amazon, Microsoft battle for market share”