startup

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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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

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TeamBridge, founded by former Uber execs, raises $28M to build HR software for hourly workers

Enterprise /

Arjun Vora and Tito Goldstein were working on the corporate side of Uber when they realized that HR software largely wasn’t built to manage hourly staff. Many hourly workers lacked a way to complete basic self-service tasks, the pair perceived, like clocking in and changing payment accounts. After interviewing hundreds of Uber drivers, Vora, an

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Connectly, now backed by Alibaba, taps AI to personalize text messages to customers

Startups /

Stefanos Loukakos, formerly a director at Meta’s business-focused Messenger division and, briefly, the tech giant’s blockchain org, noticed several years ago that online retailers were struggling to connect with potential shoppers. The problem, in his opinion, was that their marketing campaigns weren’t tailored enough. Merchants were sending generic social media, text, and email blasts that failed to

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Smartcat secures $43M for its AI-powered translation platform

Fundraising /

Can AI ever fully replace translators? Not likely. AI translations tend to lack the lexical richness of their human-translated counterparts, mainly because AI models make choices based on probability — not lived experience. Certainly, AI can produce “accurate” translations, but the translations lack the spice of life, like a textbook version of the source text.

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Progress acquires file management platform ShareFile for $875M

Fundraising /

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

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