Wednesday May 1, 2024

Two compliance companies merge to build a $100M firm

 Once upon a time there were two compliance companies. Smarsh was owned by Los Angeles-based private equity firm, K1 Investment Management. It worked with mostly SMBs. Another called Actiance worked with larger companies like the world’s biggest banks. This is the story of how K1 is bringing these two companies together. Both companies are focused on […]

Conversive helps businesses build the virtual equivalent of face-to-face conversations

 If you’ve ever interacted with a chatbot and felt like there was just something missing, the founders of a new startup called Conversive think they know the missing element — face-to-face interaction. And that, essentially, is what they’re trying to enable with their technology. Conversive customers can create a character (animated or recorded human) to […]

Expense report analysis startup AppZen raises $13M to build a smarter back office

 Expense reports aren’t the most exciting thing in the universe. But when you reach the scale of say, Amazon, and have tens of thousands of employees, making sure everything comes through smoothly and the right things are being billed to the company could mean the difference in millions of dollars to your bottom line. And […]

Standard Cognition gets $5M to build a machine vision-powered checkout

 While image recognition in photos and video has become increasingly sophisticated at an incredible rate, Standard Cognition co-founder Jordan Fisher says everyone is chasing autonomous driving — or, the “shiny object,” as he calls it. That’s not the aim of Fisher and his team, who set out to start a company that’s focused on streamlining […]

‘Oculus for Business’ launches to help enterprises build VR

 Oculus wants to help companies like Walmart and Deloitte build VR experiences for their clients and customers. So today it launched “Oculus for Business,” which lets companies buy $900 Oculus Rift bundles in bulk with enterprise-grade warranties, a full VR commercial license and access to dedicated customer support. Read More Tweet This Post

Flexport’s epic plan to build a freight empire with its $110M raise

 “We’re actually out here trying to create value, not just give venture capital money away” says Flexport CEO Ryan Petersen. “It’s counterintuitive. The more the business works, the more cash it needs.” That’s because Flexport doesn’t ship bits, it ships atoms. Lots of them. Flexport is a freight forwarding logistics network. If you produce a… […]

Spiro raises $3M to build CRM tools for businesses that don’t like CRM

 Spiro aims to sell CRM software to businesses that have been avoiding traditional CRM products. CEO Adam Honig told me that he and his co-founders originally set out to build artificial intelligence products that could assist with CRM. But then they started hearing from companies that weren’t using any CRM at all. So the team […]

Eden raises $10 million Series A to build out its office management marketplace

 Eden, the office management and tech support platform, has today closed $10 million in Series A funding led by Spectrum 28, with participation from Fifth Wall Ventures, Bessemer Venture Partners, Y Combinator Continuity Fund, Canvas Ventures, Comcast Ventures, Eniac Ventures and other existing investors. Eden started out as a tech support service for both businesses […]

Why Dropbox decided to drop AWS and build its own infrastructure and network

 There is always a tension inside companies about whether to build or to buy, whatever the need. A few years ago Dropbox decided it was going to move the majority of its infrastructure requirements from AWS into its own data centers. As you can imagine, it took a monumental effort, but the company believed that […]

Reddit teams with Lucidworks to build new search framework

 Reddit revealed today that it has teamed with Lucidworks to provide a long-needed, modern search tool for the immensely popular online discussion platform. When you face the kind of scale that Reddit does with over 300 million monthly active users generating 5 million comments and a staggering 40 million searches every day across a more […]