startup

Salesforce acquires data management firm Own for $1.9B in cash

Enterprise /

Salesforce has acquired Own Company, a provider of data management and protection solutions, for $1.9 billion in cash. In a press release, Salesforce GM Steve Fisher said in a statement that Own “underscores [Salesforce’s] commitment to providing secure, end-to-end solutions that protect our customers’ most valuable data.” “Data security has never been more critical, and […]

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Sedric monitors the communications of employees at financial institutions to ensure compliance

Fundraising /

For financial institutions, complying with regulations is becoming a costlier proposition. According to a recent poll, 76% of financial services firms increased their compliance expenditure from 2022 to 2023, with most blaming new laws. With the cost of compliance averaging out to around $10,000 per employee these days, many firms are searching for ways to

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Ilya Sutskever’s startup, Safe Superintelligence, raises $1B

Fundraising /

Safe Superintelligence (SSI), the AI startup co-founded by former OpenAI chief scientist Ilya Sutskever, has raised over $1 billion in capital from investors including NFDG (an investment partnership run by Nat Friedman and SSI CEO Daniel Gross), a16z, Sequoia, DST Global and SV Angel. SSI told Reuters that it plans to use the tranche to

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Generative AI coding startup Magic lands $320M investment from Eric Schmidt, Atlassian and others

AI /

Magic, an AI startup developing models to generate code and automate a range of software development tasks, says that it’s raised a large tranche of cash from investors including ex-Google CEO Eric Schmidt. In a blog post on Thursday, Magic said that it closed a $320 million fundraising round with contributions from Schmidt, Jane Street,

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Sarah Buchner started as a carpenter when she was 12 — now her AI construction startup has raised $20 million

Fundraising /

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

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Eppo lands new cash to grow its app, website and AI experimentation business

Enterprise /

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

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AI social media vetting startup Ferretly secures $2.5M, launches election personnel screening tool

Startups /

An AI social media vetting startup Ferretly has raised $2.5 million in seed funding and is launching a new platform designed to screen election personnel. Founded in 2019, Ferretly leverages AI to scan social media and publicly available online data to uncover potential risks and behaviors that traditional background checks may overlook. The startup is

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EliseAI lands $75M for chatbots that help property managers deal with renters

Startups /

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.

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