funding

WhatFix raises a whopping $125M for its in-app user guides

Startups /

Digital transformation — upgrading a company’s legacy apps and processes with new tech — has long been a buzzy and lucrative business. But the pandemic supercharged the market. Covid pandemic lockdowns and the widespread move to work-from-home spurred brands relying on old technology to modernize their organizations. According to Statista, worldwide spending on digital transformation […]

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Vista Equity Partners and Blackstone offer to buy Smartsheet for $8.4B in cash

Enterprise /

Vista Equity Partners and Blackstone have agreed to acquire Smartsheet, the software-as-a-service (SaaS) workplace collaboration platform, for $8.4 billion in cash. The private equity firms say that the deal values publicly traded Smartsheet’s shares at a 41% premium over its 90-day average closing share price. Should regulators and shareholders approve it, shareholders would receive approximately

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Torq, which automates cybersecurity workflows, raises $70M in new capital

AI /

As the volume of cyberattacks grows, there’s increasing interest from the corporate sector in tech to help automate responses to breaches. Per a 2023 survey from analytics firm Devo, 80% of security leaders expected expanded investments in security automation technology this year; most cited the tech’s potential to support cyber threat mitigation. Projections say that the market

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Fal.ai, which hosts media-generating AI models, raises $23M from a16z and others

Fundraising /

Fal.ai, a dev-focused platform for AI-generated audio, video, and images, today revealed that it’s raised $23 million in funding from investors including Andreessen Horowitz (a16z), Black Forest Labs co-founder Robin Rombach, and Perplexity CEO Aravind Srinivas. It’s a two-round deal. $14 million of Fal’s total came from a Series A tranche led by Kindred Ventures.

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Nurture wants to teach kids important life skills through interactive gameplay and entertainment

Startups /

Parents understand the challenge of keeping young kids engaged in online learning. Nurture is a new app designed for children aged 4 to 7 that features interactive content and games to capture their interest. The company’s mission is to equip children with critical life skills such as socializing, basic financial understanding, mindfulness, fitness, nutrition, and

Nurture wants to teach kids important life skills through interactive gameplay and entertainment Read More »

Nurture teaches kids important life skills through interactive gameplay and entertainment

Startups /

Parents understand the challenge of keeping young kids engaged in online learning. Nurture is a new app designed for children aged 4 to 7 that features interactive content and games to capture their interest. The company’s mission is to equip children with critical life skills such as socializing, basic financial understanding, mindfulness, fitness, nutrition, and

Nurture teaches kids important life skills through interactive gameplay and entertainment Read More »

Workday acquires AI-powered document platform Evisort

Fundraising /

Workday today announced it’s acquiring Evisort, an AI-powered contract management platform, for an undisclosed amount. In a statement, Terrance Wampler, group general manager at Workday, said that Evisort’s tech will enable Workday to add a range of AI-powered document processing tools to its existing finance and HR software. “Evisort will help us deliver on our

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Arzeda is using AI to design proteins for artificial sweeteners and more

Enterprise /

AI is increasingly being applied to protein design, the process of creating new proteins with specific, target characteristics. Protein design’s applications are myriad, but it’s a promising way of discovering drug-based treatments to combat diseases and creating new homecare, agriculture, food-based and materials products. One among the many vendors developing AI tech to design proteins,

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Greenlite, founded by an ex-Gopuff exec, automates construction permitting

AI /

Construction permitting often involves drafting lengthy applications, leading to unpredictable timelines for developers and businesses. There are tens of thousands of jurisdictions — each with their own different forms and application processes for building permits. Ben Allen knows a thing or two about permitting. While leading business expansion and strategy at Gopuff, Allen was charged

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Orb founders grew so frustrated dealing with billing at Asana, they built their own billing software

Startups /

Billing might not be something that the average person thinks about on a regular basis. But for companies — particularly those in the business of selling software — it’s massively important. They rely on billing systems to ensure that customers pay on time and have a range of ways to pay. The trouble is, configuring

Orb founders grew so frustrated dealing with billing at Asana, they built their own billing software Read More »