funding

DryMerge promises to connect apps that normally don’t talk to each other — and when it works, it’s great

Platforms to connect apps that wouldn’t normally talk to each other have been around for a minute (see: Zapier). But they have not gotten dramatically simpler to use if you’re nontechnical. Generative AI has lowered the barrier to entry somewhat. However, getting the most out of these platforms — and fixing things when they break […]

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After using a business coach to shift careers, AceUp founder wants to drive coaching based on data

Is a business coach really worth the investment? Execs often seek coaches to bolster aspects of their work, like communication skills and their productivity. At least anecdotally, these skills do appear to get better with coaching — a survey from the nonprofit International Coach Federation found that 80% of execs who hired a coach saw

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Connectly, now backed by Alibaba, taps AI to personalize text messages to customers

Stefanos Loukakos, formerly a director at Meta’s business-focused Messenger division and, briefly, the tech giant’s blockchain org, noticed several years ago that online retailers were struggling to connect with potential shoppers. The problem, in his opinion, was that their marketing campaigns weren’t tailored enough. Merchants were sending generic social media, text, and email blasts that failed to

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Smartcat secures $43M for its AI-powered translation platform

Can AI ever fully replace translators? Not likely. AI translations tend to lack the lexical richness of their human-translated counterparts, mainly because AI models make choices based on probability — not lived experience. Certainly, AI can produce “accurate” translations, but the translations lack the spice of life, like a textbook version of the source text.

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Progress acquires file management platform ShareFile for $875M

Progress, a Bedford, Massachusetts-based software firm, on Monday announced that it intends to acquire file management platform ShareFile for $875 million in cash and credit. Progress CEO Yogesh Gupta said that the deal, which is expected to close by November 30, will bolster Progress’ portfolio with tools to help businesses more efficiently share — and

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Sedric monitors the communications of employees at financial institutions to ensure compliance

For financial institutions, complying with regulations is becoming a costlier proposition. According to a recent poll, 76% of financial services firms increased their compliance expenditure from 2022 to 2023, with most blaming new laws. With the cost of compliance averaging out to around $10,000 per employee these days, many firms are searching for ways to

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Ilya Sutskever’s startup, Safe Superintelligence, raises $1B

Safe Superintelligence (SSI), the AI startup co-founded by former OpenAI chief scientist Ilya Sutskever, has raised over $1 billion in capital from investors including NFDG (an investment partnership run by Nat Friedman and SSI CEO Daniel Gross), a16z, Sequoia, DST Global and SV Angel. SSI told Reuters that it plans to use the tranche to

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Revefi seeks to automate companies’ data operations

Sanjay Agrawal and Shashank Gupta, who helped co-found the business intelligence company ThoughtSpot, say that several years ago, they observed that organizations were struggling to deal with the increasing amount of data under their purview. Even enterprises with robust data analytics and orchestration tools seemed to be having a rough go of it, Agrawal and

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