There’s something of a trend around legacy software firms and their soaring valuations: Companies founded in dinosaur times are on a tear, evidenced this week with SAP‘s shares topping $200 for the first time. Founded in 1972, SAP’s valuation currently sits at an all-time high of $234 billion. The Germany-based enterprise software provider was valued […]
The generative AI boom is driving the demand for AI chips, which are purpose-built to train and run generative AI models. And major players, from VCs to startups, are scrambling to get in on the ground floor. SoftBank’s Masayoshi Son is reportedly looking to raise $100 billion for a chip initiative that would compete with
Axelera lands new funds as the AI chip market heats up Read More »
AI “agents” are generative AI models that can perform actions autonomously, like copying info from an email and pasting it into a spreadsheet, and have been hailed as productivity superchargers. That might be a bit premature, given models’ tendency to make mistakes. But at least a few founders (and analysts and investors) seem convinced that
Orby is building AI agents for the enterprise Read More »
Securing cloud services remains a challenge for enterprises. That’s why several companies have been working on security solutions that specifically address that need. In the latest example of that, Odaseva has raised $54 million in funding. This startup focuses on one sole use case: securing Salesforce environments. Silver Lake Waterman is leading this round, with
Odaseva raises $54M to secure Salesforce users Read More »
Since launching in 2017, Retool has made a name for itself as one of the premier low-code tools for building browser-based internal line-of-business applications. The well-funded startup’s service is now used at thousands of companies, including Amazon, OpenAI, Pinterest, Plaid, Snowflake, Taco Bell and Volvo. Now, it’s expanding its focus from internal apps to also
Artificial intelligence startups continue to dominate the headlines with immense venture capital rounds, but there’s enough opportunity out there for companies building tools that make it easier to work with data-heavy applications like AI. That’s especially true for organizations that may still have one foot (or both feet) in the legacy data camp. In one
CData, which helps orgs use data across apps and build AI models, snaps up $350M Read More »
The European Union accused Microsoft of breaching competition rules Tuesday. In a formal statement of objections the bloc said it suspects the software giant of abusing antitrust rules by bundling its real-time comms and collaboration tool, Teams, with popular productivity apps, including its cloud-based suites for businesses Office 365 and Microsoft 365. The EU opened
EU accuses Microsoft of competition breach over Teams bundling Read More »
Layoffs continue to buffet the world of technology, but with the need for tech talent in organizations only growing, there’s a bigger focus on how internal talent is managed. A startup from Ghent in Belgium called TechWolf is taking a unique approach to addressing that need. It has built an AI engine that ingests data
TechWolf raises $43M to take an AI-sized bite out of the internal recruiting game Read More »
Website building platform Squarespace is selling Tock, its restaurant reservation service, to American Express in a deal worth $400 million — the exact figure that Squarespace paid for the service three years ago. Separately, AmEx will be buying Rooam, a mobile payments and ordering platform that integrates with point-of-sale systems. Terms of the Rooam deal
Squarespace sells restaurant reservation system Tock to American Express for $400M Read More »
Christopher O’Donnell has hobbies. He likes music and playing guitar, but above all, he loves building software. Which is why three years after leaving HubSpot, he built Day.ai, a CRM for the age AI. Unlike modern CRMs, which are essentially giant spreadsheets that somebody needs to populate and keep updated, Day learns everything about a
