SaaS

Data center monitoring firm LogicMonitor raises $800M at a $2.4B valuation

Fundraising /

As companies’ server infrastructure grows, they often run into challenges keeping tabs on the health of their various assets, like cloud instances and local data centers. Monitoring tools, also known as observability tools, can help — but lots of tools quickly becomes overwhelming. According to one survey, seven in 10 organizations believe that monitoring is […]

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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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Tengo untangles the messy world of public sector procurement with AI

Startups /

Tengo uses AI to find, evaluate and respond to public tenders. It is a software-as-service tool that helps companies handle public tenders at scale — a bit like Govly in the U.S. Originally created within the startup studio Hexa, the startup raised a €3 million funding round led by Point Nine ($3.2 million at today’s

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