startup

Concentric helps companies keep track of their sensitive data

Fundraising /

Enterprises have a data inventory problem. The amount of data they’re collecting and storing is increasing, and that data is being spread across disparate storage buckets. Yet many organizations rely on processes that essentially amount to pencil-and-paper methods for tracking data provenance. According to one survey, more than 50% of companies use Excel spreadsheets in […]

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Supply chain startup Interos lands new customers, cash

Startups /

Each year, supply chain disruptions cost the global economy trillions of dollars. In a recent McKinsey poll, nine in ten businesses said they had encountered logistics challenges over the past 12 months. Headwinds have only grown stronger as chaos reigns in key shipping corridors. Attacks on freighters continue in the Red Sea. Flooding is disrupting

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Fixify blends automation and human analysts to tackle IT problems

Fundraising /

Matt Peters has spent more than a decade working for cybersecurity vendors. He was a team lead at Check Point, climbed the corporate ladder to VP of worldwide operations at FireEye, and spent over four years at Expel, a managed detection and response firm, as chief product officer. Peters says a surprising common thread ran

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Interface.ai raises $30M to help banks field customer requests

Fundraising /

Interface.ai, a customer automation platform for banks and other financial institutions, today announced that it closed a $30 million funding round led by Avataar Venture Partners. $20 million of the round was equity, while the remaining $10 million was in the form of debt. It’s Interface’s first outside capital; the startup had been completely bootstrapped.

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Socket lands a fresh $40M to scan software for security flaws

Enterprise /

The software supply chain, which comprises the components and processes used to develop software, has become precarious. According to one recent survey, 88% of companies believe poor software supply chain security presents an “enterprise-wide risk” to their organizations. Open source supply chain components are especially fraught, thanks to the logistical hurdles in keeping each component well-maintained.

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Support automation firm Capacity grows with new cash and acquisitions

Enterprise /

David Karandish has been busy. Capacity, his support automation company, was planning a $5 million “bridge round” to help the company reach the break-even point. But TVC Capital, Toloka.vc, and the venture’s other backers had something grander in mind. So they threw in an additional $21 million for what became Capacity’s $26 million Series D.

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Career Karma founders launch OutRival to help companies build AI agents

Startups /

Ruben Harris and Timur Meyster, the founders of the upskilling platform Career Karma, announced today the launch of the company OutRival, which offers a service that hosts and lets businesses build their own customer service agents to take on customer interactions. AI agent companies are hot right now, and AI is one of the only

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Xscape is building multicolor lasers to connect chips within datacenters

AI /

The GPUs and other chips used to train AI communicate with each other inside datacenters through “interconnects.” But those interconnects have limited bandwidth, which limits AI training performance. A 2022 survey found that AI developers typically struggle to use more than 25% of a GPU’s capacity. One solution could be new interconnects with much higher

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