Port, a platform designed to centralize multiple dev tools and workflows in a single dashboard, has raised $35 million in a Series B round co-led by Accel and Bessemer Venture Partners. Yonatan Boguslavski and Zohar Einy, now Port’s CEO, founded the company in 2022 after serving together in the Israel Defense Forces. Prior to Port, […]
Port is building internal tool hubs for devs Read More »
In a typical organization, finance is one of the most important functions. Yet teams are often bogged down by manual workflows. According to a survey by Paylocity, an HR software provider, 38% of finance teams spend more than a fourth of their time on manual jobs, like reviewing invoices. Matthieu Hafemeister, an ex-fintech investor at
Concourse is building AI to automate financial tasks Read More »
HubSpot has acquired Cacheflow, a startup building tools for the software sales closing process, for an undisclosed amount. HubSpot CEO Yamini Rangan says that Cacheflow — which will become a wholly-owned subsidiary of HubSpot once the deal closes — will expand HubSpot’s Commerce Hub suite of subscription billing management and configure, price, and quote tools
HubSpot acquires Cacheflow, a platform that helps close software sales Read More »
As the demand for AI surges, AI vendors are devoting greater bandwidth to data security issues. Not only are they being compelled to comply with emerging data privacy regulations (e.g. the EU Data Act), but they’re finding themselves under the microscope of clients skeptical about how their data is being used and processed. The trouble
Relyance lands $32M to help companies comply with data regulations Read More »
Dave Clark has had a rollercoaster of a time these past two years. After stepping down in June 2022 as CEO of Amazon’s worldwide consumer division — a role he held for over two decades — Clark relocated to Dallas to join supply chain logistics company Flexport. With a board mandate to prepare Flexport to
Distributional, an AI testing platform founded by Intel’s former GM of AI software, Scott Clark, has closed a $19 million Series A funding round led by Two Sigma Ventures. Clark says that Distributional was inspired by the AI testing problems he ran into while applying AI at Intel, and — before that — his work at
Distributional raises $19M to automate AI model and app testing Read More »
Chipmaker Nvidia notched $30 billion in revenue last fiscal quarter, driven in large part by the AI industry’s insatiable demand for GPUs. GPUs are essential for training and running AI models; they contain thousands of cores that work in parallel to quickly perform the linear algebra equations scaffolding the models. The appetite for AI remains
TensorWave thinks it can break Nvidia’s grip on AI compute with an AMD-powered cloud Read More »
Many screenwriters have embraced modern tools over traditional PDFs to craft their film or TV show pilots. SoCreate, the latest entrant in the screenwriting software arena, is challenging established players like Final Draft and Celtx with its fresh approach to storytelling. And, notably, generative AI imagery is involved. SoCreate offers many of the same features
AI tends to make things up. That’s unappealing to just about anyone who uses it on a regular basis, but especially to businesses, for which fallacious results could hurt the bottom line. Half of workers responding to a recent survey from Salesforce say they worry answers from their company’s generative AI-powered systems are inaccurate. While
Voyage AI is building RAG tools to make AI hallucinate less Read More »
ChatGPT maker OpenAI has closed the largest VC round of all time. The startup today announced that it raised $6.6 billion in a funding round that values OpenAI at $157 billion post-money. Led by previous investor Thrive Capital, the new cash brings OpenAI’s total raised to $17.9 billion, per Crunchbase. Microsoft, Nvidia, SoftBank, Khosla Ventures,
OpenAI raises $6.6B and is now valued at $157B Read More »
