In a typical organization, finance is one of the most important functions. Yet teams are often bogged down by manual workflows. According to a survey by Paylocity, an HR software provider, 38% of finance teams spend more than a fourth of their time on manual jobs, like reviewing invoices. Matthieu Hafemeister, an ex-fintech investor at […]
Concourse is building AI to automate financial tasks Read More »
HubSpot has acquired Cacheflow, a startup building tools for the software sales closing process, for an undisclosed amount. HubSpot CEO Yamini Rangan says that Cacheflow — which will become a wholly-owned subsidiary of HubSpot once the deal closes — will expand HubSpot’s Commerce Hub suite of subscription billing management and configure, price, and quote tools
HubSpot acquires Cacheflow, a platform that helps close software sales Read More »
As the demand for AI surges, AI vendors are devoting greater bandwidth to data security issues. Not only are they being compelled to comply with emerging data privacy regulations (e.g. the EU Data Act), but they’re finding themselves under the microscope of clients skeptical about how their data is being used and processed. The trouble
Relyance lands $32M to help companies comply with data regulations Read More »
Dave Clark has had a rollercoaster of a time these past two years. After stepping down in June 2022 as CEO of Amazon’s worldwide consumer division — a role he held for over two decades — Clark relocated to Dallas to join supply chain logistics company Flexport. With a board mandate to prepare Flexport to
Distributional, an AI testing platform founded by Intel’s former GM of AI software, Scott Clark, has closed a $19 million Series A funding round led by Two Sigma Ventures. Clark says that Distributional was inspired by the AI testing problems he ran into while applying AI at Intel, and — before that — his work at
Distributional raises $19M to automate AI model and app testing Read More »
Poolside, the AI-powered software dev platform, has raised half a billion dollars in new capital. The cash came in the form of a Series B led by Bain Capital Ventures, which also had participation from a who’s who of big tech firms including eBay (via eBay Ventures) and Nvidia. It brings Poolside’s total raised to
AI coding startup Poolside raises $500M from eBay, Nvidia and others Read More »
An alternative to the neural network architectures at the heart of AI models like OpenAI’s o1 is having a moment. Called symbolic AI, it uses rules pertaining to particular tasks, like rewriting lines of text, to solve larger problems. Symbolic AI can deftly tackle some problems that neural networks struggle with. And recent research has shown
Augmented Intelligence claims its symbolic AI can make chatbots more useful Read More »
Salesforce is on a buying spree. After snatching up data management firm Own earlier in the month, Salesforce today announced its plans to buy Zoomin, an enterprise knowledge platform. Zoomin — which we’ve covered a handful of times before — unifies a company’s docs, like product user guides and tutorials, in one portal. The terms
Salesforce snatches up Zoomin, a tool for organizing company knowledge Read More »
It must be acquisition season. Commvault, a publicly traded data protection and data management software company, today announced that it intends to acquire data backup and recovery provider Clumio for an undisclosed amount. The deal is expected to close in early October. Commvault says it’s not material to its earnings and that it’ll be funded
Commvault acquires data backup provider Clumio Read More »
Often successful startups can give rise to ‘startup mafias’ – groups of former founders who go on to create other startups. But at least as often, new startups can be founded by employees. In the case of LiveFlow, that’s exactly what happened — and it’s now raised $13.5 million. A few years ago, Anita Koimur
