Companies don’t necessarily have to produce breakthrough technology to gain market traction. Undercutting rivals on price can be enough to make a dent in a competitive sector. So can leaning on connections to land customers in need of a timely solution to a problem. nOps is an example of this. Like countless other vendors, nOps […]
nOps lands $30M to optimize AWS customers’ cloud spend Read More »
Construction companies deal with a lot of documents — so many that it can be difficult to process and manage them all. According to one recent survey, a third of construction professionals found accessing documents to be a challenge in completing a project, while a fourth said that inaccurate project paperwork has contributed to a
The AI industry continues to release tons of new models, and companies looking to stay competitive are racing to adopt them for their purposes. In fact, nearly 10% of businesses plan to spend a whopping $25 million this year on AI initiatives, according to tech consulting firm Searce. But while lots of money is being
Eppo lands new cash to grow its app, website and AI experimentation business Read More »
Code reviews — peer reviews of code that help devs improve code quality — are time-consuming. According to one source, 50% of companies spend two to five hours a week on them. Without enough people, code reviews can be overwhelming and take devs away from other important work. Harjot Gill thinks that code reviews can be
CodeRabbit raises $16M to bring AI to code reviews Read More »
EliseAI, a company developing a suite of AI-powered property management tools for landlords, has raised $75 million in a Series D round that values the startup at $1 billion. EliseAI is the brainchild of co-founder and CEO Minna Song, who met the company’s second co-founder, Tony Stoyanov, while the two were undergraduate students at Cambridge.
EliseAI lands $75M for chatbots that help property managers deal with renters Read More »
Labeling and annotation platforms might not get the attention flashy new generative AI models do. But they’re essential. The data on which many models train must be labeled, or the models wouldn’t be able to interpret that data during the training process. Annotation is a vast undertaking, requiring thousands to millions of annotations for the
Encord lands new cash to grow its data labeling tools for AI Read More »
In 1996, two companies, Patersons HR and Payroll Solutions, formed a venture called CloudPay to provide payroll and payments services to enterprise clients. CloudPay grew quietly over the next several decades, adding workflow automation features to maintain pace with upstart rivals. It’s still growing, CFO Andy Thomson assures TechCrunch. Thomson claims that CloudPay is handling
CloudPay, a payroll services provider, lands $120M in new funding Read More »
Digital transformation — the process of transforming outdated apps and processes with cloud technologies and digital workflows — can be a risky undertaking. In 2023, Harvard Business Review reported that while 89% of large companies have a digital and AI transformation underway, they’ve only captured 31% of the expected revenue uplift and 25% of anticipated
Mechanical Orchard, led by ex-Pivotal CEO, scores $50 million round led by Alphabet’s GV Read More »
In a sign that big tech companies are ready and willing to shell out cash for database tech, Neon, a startup building an open source alternative to AWS Aurora Postgres, on Wednesday announced that Microsoft’s venture arm M12 led a $25 million strategic investment in its business. The capital will go toward R&D, Neon co-founder
Database startup Neon nabs a Microsoft investment Read More »
The growth in the demand for generative AI apps has led to a need for larger and larger databases to store the associated data (e.g. model training data). These databases tend to be resource-intensive from a hardware perspective and depending on the algorithms used to orchestrate them, they can be high-latency. Often, companies are forced
Hyperspace is building custom instances to accelerate database searches Read More »
