Wednesday May 8, 2024

Strix Leviathan wants to build a better enterprise platform for crypto trading

 We are still in the early days of cryptocurrency — or at least that’s what all of the startups that are jumping into this space NOW hope. And when there’s a gold rush, there’s plenty of money to be made by selling shovels (or ASIC rigs) to miners. It’s no surprise, then, that we are […]

Snowflake lands massive $263 million investment on unicorn valuation

 Snowflake, the cloud-based data warehouse service, announced an enormous investment round today, pulling in a whopping $263 million on a unicorn valuation of $1.5 billion. The round was led by a trio of big-name Silicon Valley VC firms including existing investors Iconiq Capital and Altimeter Capital and new investor Sequoia Capital. Today’s announcement comes on […]

IBM brings Mendix’s low-code platform to its cloud

 IBM today announced a partnership with low-code development platform Mendix that will bring Mendix and native integration with many of IBM’s Watson IoT and AI services to the IBM Cloud. This deal is an evolution of a previous partnership that involved what was then called IBM Bluemix (now IBM Cloud). Read More Tweet This Post

Construction startup Katerra gets $865M in Softbank’s latest mega-round

 There’s another big financing round led by Softbank’s mammoth vision fund today, with the firm this time pouring $865 million into a construction startup called Katerra that’s a one-stop shop for getting a building up off the ground. Katerra is creating a full-stack provider for, well, buildings. The company runs the process of getting a […]

Tigera raises $10M to help enterprises secure their cloud native applications

 Tigera, a San Francisco-based startup that helps businesses connect and secure their container-based applications, today announced that it has raised an additional $10 million in a funding round led by Madrona Venture Group, with participation from New England Associates (NEA) and Wing Venture Capital. Read More Tweet This Post

Sumo Logic expands security toolset with FactorChain acquisition

 When we heard from Sumo Logic last June, the company was announcing a $75 million Series F. Today, they announced they were acquiring FactorChain, a security startup that has raised $3.6 million. The companies would not disclose the purchase price, but indicated the acquisition closed at the end of Q4 and all 12 FactorChain employees […]

Tradeshift Frontiers innovation lab hopes to drive blockchain adoption in the global supply chain

 Tradeshift, a procure-to-pay supply chain management platform for SMBs and enterprise, announced Tradeshift Frontiers, an innovation lab and incubator that will focus on transforming supply chains through emerging technologies, such as distributed ledgers, artificial intelligence and the Internet of Things. Read More Tweet This Post

ADP acquires workforce management software startup WorkMarket

 Payroll provider ADP said it is acquiring WorkMarket, a startup that specializes in workforce management software that operates across a wide range of employees and contractors, for an undisclosed sum. The software aims to create a kind of unified interface for managing an extended workforce that can include a variety of workers with different employment status, […]

Anomali secures $40 million Series D led by Lumia Capital to scale threat detection solution

 Anomali, a threat detection and mitigation company, announced a hefty $40 million Series D investment today led by Lumia Capital. The company was previously known as ThreatStream. New investors Deutsche Telekom Capital Partners (DTCP), Telstra and Sozo Ventures along with returning investors GV, General Catalyst, IVP and Paladin Capital Group also participated in the round. […]

Cloudflare Access aims to replace corporate VPNs

 If you’re part of a big company, chances are that there are resources that are only available via the internal network, or whatever your company calls it. The usual way to access these from outside company property is a VPN, but VPNs are a clumsy solution — one companies like Google and Amazon are leaving […]