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 […]
Progress acquires file management platform ShareFile for $875M Read More »
Software documentation — the resources that explain how software works and how to use it — has evolved dramatically over the past few decades. Once mostly in the form of PDFs and static plaintext, docs today are more interactive and user-friendly than they used to be. But crafting them is still a time sink. Han
Mintlify is building a next-gen platform for writing software docs Read More »
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
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
Ilya Sutskever’s startup, Safe Superintelligence, raises $1B Read More »
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
Revefi seeks to automate companies’ data operations Read More »
Magic, an AI startup developing models to generate code and automate a range of software development tasks, says that it’s raised a large tranche of cash from investors including ex-Google CEO Eric Schmidt. In a blog post on Thursday, Magic said that it closed a $320 million fundraising round with contributions from Schmidt, Jane Street,
A startup whose product competes with GitHub Copilot and other AI-powered coding assistants has achieved unicorn status. On Thursday, Codeium said it closed a $150 million Series C round led by General Catalyst that values the company at $1.25 billion post-money. The round, which also saw participation from existing investors Kleiner Perkins and Greenoaks Capital,
GitHub Copilot competitor Codeium raises $150M at a $1.25B valuation Read More »
OpenAI, the creator of ChatGPT, could be in talks to raise a massive tranche of cash. The Wall Street Journal reports that OpenAI may be close to closing a fundraising round led by Thrive Capital, a previous investor, that’d value the AI company at over $100 billion. That’s substantially higher than OpenAI’s previous $86 billion
OpenAI reportedly in talks to close a new funding round at $100B+ valuation Read More »
San Francisco-based data infrastructure startup Cribl has raised $319 million in a Series E funding tranche led by new investor GV (Alphabet’s corporate venture arm) with participation from GIC, CapitalG, IVP and CRV. Bringing Cribl’s total raised to $600 million, the cash injection values the company at $3.5 billion — up around 40% from Cribl’s
Data infrastructure startup Cribl raises $319M at a $3.5B valuation Read More »
Legal work is incredibly labor- and time-intensive, requiring piecing together cases from vast amounts of evidence. That’s driving some firms to pilot AI to streamline certain steps; according to a 2023 survey by the American Bar Association, 35% of law firms now use AI tools in their practice. OpenAI-backed Harvey is among the big winners
Supio brings generative AI to personal injury cases Read More »
