Saturday April 27, 2024

Bench bookkeeping service raises $18 million in funding

 Bench, the TechStars-backed bookkeeping service for SMBs, has today announced the close of an $18 million B-1 funding round led by iNovia Capital. Existing investors, including Bain Capital Ventures, Altos Ventures, and Silicon Valley Bank, also participated in the round. Bench first launched out of TechStars NYC in 2012. Back then, the company was called […]

Red Hat acquires CoreOS for $250 million in Kubernetes expansion

 Red Hat, a company best known for its enterprise Linux products, has been making a big play for Kubernetes and containerization in recent years with its OpenShift Kubernetes product. Today the company decided to expand on that by acquiring CoreOS, a container management startup, for $250 million. Read More Tweet This Post

Microsoft’s Azure Event Grid hits general availability

 With Event Grid, Microsoft introduced a new Azure service last year that it hopes will become the glue that holds together modern event-driven and distributed applications. Starting today, Event Grid is generally available, with all the SLAs and other premises this entails. Read More Tweet This Post

SuperPhone is building a Salesforce for texting

 The address book is the last, worst default app you rely on. It’s time it got as smart as the rest of our phones. That’s the idea behind SuperPhone. Email isn’t how you build relationships anymore. Yet most business software sanctifies the spammy inbox when it’s the immediacy of text messaging that keeps people in touch […]

Relx acquires ThreatMetrix for $817M to ramp up in risk-based authentication

 Another startup in the area of cyber security has been snapped up as platform businesses serving enterprises look for more ways of securing their own networks and working with customers to secure theirs. Today, the RELX Group (formerly known as Reed Elsevier) announced that it would acquire ThreatMetrix for £580 million (about $817 million) in […]

Element AI opens London outpost with focus on ‘AI for good’

 Element AI — which last year raised $102 million to build an incubator-meets-consultancy to work with multiple businesses as they launch new services and systems based on artificial intelligence — is entering the next phase of its growth this week. The Canadian startup — co-founded by Jean-François Gagné, Nicolas Chapados, and Yoshua Bengio — is opening an […]

Clairvoyant launches Kogni to help companies track their most sensitive data

 As we inch ever closer to GDPR in May, companies doing business in Europe need to start getting a grip on the sensitive private data they have. The trouble is that as companies move their data into data lakes, massive big data stores, it becomes more difficult to find data in a particular category. Clairvoyant, […]

Unravel Data raises $15M Series B for its big data performance monitoring platform

 Big data systems tend to be large, complex and often hard to troubleshoot. In the world of databases, web and mobile stacks, application performance management services like AppDynamics and New Relic help ops teams keep tabs on their system. In the big data world, Unravel Data is one of the few APM players to focus […]

Timescale raises $12.4M to build a new breed of time series database software

 Businesses are gathering more and more information than they ever have before, whether it’s a manufacturer or a bank, and to Timescale CEO Ajay Kulkarni the existing database software soon won’t provide the horsepower they need. That’s why he and CTO Mike Freedman started Timescale, a new open source time series database software. The idea is […]

Effective Managers Defined

Effective Managers is what every CIO is looking for Effective managers are analytical leaders who are adaptable and possess systematic and methodological ways to achieve results. It may sound corny but they apply the “scientific method” that involves formulating hypothesis and testing to prove or disprove them. A scarce resource in many organizations is human […]