funding

Data center monitoring firm LogicMonitor raises $800M at a $2.4B valuation

Fundraising /

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

Fundraising /

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

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

Database startup Neo4j embraces AI to supercharge growth

Enterprise /

To make AI possible, you need to create connections between vast quantities of data. That’s where tech like graph databases come into play. Graph databases handle fast-changing, interconnected data more adeptly than traditional databases, which were designed to store rigidly structured information. Of course, graph databases need to be managed in order to be useful.

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Lightyear is on a mission to modernize network procurement

Fundraising /

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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Ex-Duolingo execs raise $13M for a startup that’s making it easier to access a college education

Startups /

As college tuition increases and the student loan debt crisis continues, three former executives from language learning app Duolingo are building a new startup aimed at making college education more affordable and accessible. The company, tentatively named Outsmart Education (the name is not final yet), is headed by co-founders Daniel Falabella (CPO), former senior director

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Text marketing firm Take Blip secures backing from SoftBank, Microsoft

Fundraising /

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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Text marketing firm Blip secures backing from SoftBank, Microsoft

Commerce /

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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This generative AI startup is strapping cameras to people’s backs

AI /

A startup is training an AI model that it claims will enable creators to generate cinematic worlds, with complete control over the scenery, characters, lighting, and motion. How? By having humans strap cameras to their backs and hike around the world. Odyssey, founded by self-driving pioneers Oliver Cameron and Jeff Hawke (Cameron was previously the

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Anysphere acquires Supermaven to beef up Cursor

AI /

Anysphere, the company behind Cursor, has acquired AI coding assistant Supermaven for an undisclosed sum. Anysphere CEO Michael Truell announced the deal in a post on Cursor’s blog. Supermaven, he said, will enable Anysphere to launch a new version of its Tab AI model that’s “fast, context-aware, and highly intelligent,” especially at sequences of long code.

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