Fundraising

LogicMonitor’s massive $800M raise shows AI is driving the demand for data center monitoring

As companies’ server infrastructure grows, they often run into challenges keeping tabs on the health of their various assets, like cloud instances and local data centers. Monitoring tools, also known as observability tools, can help — but lots of tools quickly becomes overwhelming. According to one survey, seven in 10 organizations believe that monitoring is […]

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Lightyear is on a mission to modernize network procurement

Dennis Thankachan isn’t someone you’d expect would launch a digital procurement startup. After college, Thankachan went to work for Goldman Sachs as an investment banker. Two years later, he left for a hedge fund, PointState Capital, where he helped to manage equity investing. At PointState, which specializes in telecommunications, Thankachan said he encountered an unexpected

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In Mexico’s tense job market, Minu’s take on employee benefits includes financial wellness

In a tight labor market, the best way to attract and retain talent is to look after employee well-being. As Mexico is nearing full employment, this creates tailwinds for these endeavors, but with particular awareness that financial, physical, and mental health are interconnected. “The main problem to solve in Mexico is around financial matters,” said

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Venture funding in Europe in 2024 fell to $45 billion, says Atomico

Funding for European tech appears to have stabilised in 2024 after dropping precipitously in 2023, but the signs continue to point to more tough times ahead, according to the latest State of European Tech report.  The annual survey — produced by European VC firm Atomico — notes that startups in the region are on track

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SuperAnnotate wants to help companies manage their AI data sets

High-quality data may be the key to high-quality AI. With studies finding that data set curation, rather than size, is what really affects an AI model’s performance, it’s unsurprising that there’s a growing emphasis on data set management practices. According to some surveys, AI researchers today spend much of their time on data prep and

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Text marketing firm Take Blip secures backing from SoftBank, Microsoft

People prefer texts over phone calls — especially when it’s a company on the other side. According to one survey, two-thirds of consumers say they’d switch to a company that offered texting as a contact option. With the text-message marketing industry expected to grow to $12.6 billion by 2025, it’s not surprising that vendors like

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OpenAI at one point considered acquiring AI chip startup Cerebras

OpenAI was at one point considering acquiring Cerabras, an AI chipmaking company that’s in the process of going public, according to new legal filings. Elon Musk’s ongoing lawsuit against OpenAI has new exhibits that describe how OpenAI was contemplating snatching up Cerebras in or around 2017 — a year after Cerebras’ founding, and just a

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SwiftConnect lets workers access the office with a smartphone swipe

With the advent of flexible workspaces, companies are increasingly adopting smartphone-based authentication to let employees enter and leave. In a recent poll, nearly two in five firms said they’re letting staff use their phones to access office buildings. The boon has benefited vendors like SwiftConnect, which sells a platform for managing access to physical offices. Chip

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German travel startup Tourlane raises $26M led by Sequoia

Global travel continues to gain ground, with the World Travel and Tourism Council predicting the industry will cross $11 trillion in revenues this year. Consumers are evolving from the so-called “revenge travel” of the post-Covid-19 years, dedicating a growing share of their budget to a wider array of experiences away from home. Add AI to

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Leland lands $12 million to grow its coaching platform

Coaching platform Leland has raised $12 million in Series A funding led by Forerunner Ventures with participation from GSV ventures to grow its platform geared toward matching coaches and aspirants to fulfill goals ranging from getting into a university to passing an entrance exam and excelling at product management. The company aims to build better

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