funding

Subscription management firm Zuora agrees to be acquired for $1.7B

Commerce /

Zuora, a company selling software to help businesses manage their subscription-based services, has agreed to be acquired by private equity firms GIC and Silver Lake for $1.7 billion. The all-cash deal is expected to close in Q1 2025, subject to approvals and customary closing conditions. It’ll take Zuora, which is currently publicly traded, private; Tien […]

Subscription management firm Zuora agrees to be acquired for $1.7B Read More »

Support automation firm Capacity grows with new cash and acquisitions

Enterprise /

David Karandish has been busy. Capacity, his support automation company, was planning a $5 million “bridge round” to help the company reach the break-even point. But TVC Capital, Toloka.vc, and the venture’s other backers had something grander in mind. So they threw in an additional $21 million for what became Capacity’s $26 million Series D.

Support automation firm Capacity grows with new cash and acquisitions Read More »

Amplitude buys Command AI to bolster its app engagement offerings

Apps /

Amplitude, a publicly-traded company that makes digital analytics software, has acquired Command AI, an app user engagement startup formerly known as CommandBar. Most of Command AI’s 30-person, San Francisco-based team will be joining Amplitude. Command AI’s co-founder and CEO James Evans wouldn’t reveal the terms of the deal, but said candidly that an acquisition wasn’t

Amplitude buys Command AI to bolster its app engagement offerings Read More »

Xscape is building multicolor lasers to connect chips within datacenters

AI /

The GPUs and other chips used to train AI communicate with each other inside datacenters through “interconnects.” But those interconnects have limited bandwidth, which limits AI training performance. A 2022 survey found that AI developers typically struggle to use more than 25% of a GPU’s capacity. One solution could be new interconnects with much higher

Xscape is building multicolor lasers to connect chips within datacenters Read More »

Relyance lands $32M to help companies comply with data regulations

Fundraising /

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, formerly of Amazon and Flexport, just landed $100M for new supply chain venture

Commerce /

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

Dave Clark, formerly of Amazon and Flexport, just landed $100M for new supply chain venture Read More »

TensorWave thinks it can break Nvidia’s grip on AI compute with an AMD-powered cloud

Enterprise /

Chipmaker Nvidia notched $30 billion in revenue last fiscal quarter, driven in large part by the AI industry’s insatiable demand for GPUs. GPUs are essential for training and running AI models; they contain thousands of cores that work in parallel to quickly perform the linear algebra equations scaffolding the models. The appetite for AI remains

TensorWave thinks it can break Nvidia’s grip on AI compute with an AMD-powered cloud Read More »