Category: Enterprise

Meta’s Zuckerberg woos big tech in Asia to double down on AI chips

Meta CEO Mark Zuckerberg, who is touring Asia countries this week, said in a meeting with South Korean President Yoon Suk Yeol on Thursday that Meta wants to beef up its cooperation with Samsung Electronics for AI chips to offset geopolitical risk issue in Taiwan, where TSMC, the world’s biggest contract chip manufacturer, is headquartered. […] © 2024 TechCrunch. All rights reserved. For personal use…

GitHub’s Copilot Enterprise hits general availability

GitHub today announced the general availability of Copilot Enterprise, the $39/month version of its code completion tool and developer-centric chatbot for large businesses. Copilot Enterprise includes all of the features of the existing Business plan, including IP indemnity, but extends this with a number of crucial features for larger teams. The highlight here is the […] © 2024 TechCrunch. All rights reserved. For personal use…

Clumio raises $75M to automate cloud data backup and recovery

Clumio, a data backup and recovery provider for companies using the public cloud, has raised $75 million in a Series D round of funding. The raise comes as the Santa Clara, California-based company claimed a four-fold increase in annual recurring revenue (ARR) last year, driven by new customers such as Atlassian which is now using […] © 2024 TechCrunch. All rights reserved. For personal use…

1Password expands its endpoint security offerings with Kolide acquisition

1Password, the AgileBits-owned password management software developer, today announced that it has acquired Kolide, an endpoint security platform, for an undisclosed amount. According to 1Password CEO Jeff Shiner, Kolide founder and CEO Jason Meller and all of Kolide’s 30 employees will join 1Password “as an intact team.” Meller has taken on the role of VP […] © 2024 TechCrunch. All rights reserved. For personal use…

Struggling database company MariaDB could be taken private in $37M deal

MariaDB is the subject of another potential takeover bid, as the company behind the eponymous open source relational database management system (RDBMS) confirmed it had received a provisional offer from California-based K1 Investment Management. K1 quietly revealed on Friday that it had tabled what is known as an “unsolicited non-binding indicative proposal” for MariaDB, which […] © 2024 TechCrunch. All rights reserved. For personal use…

SoftBank’s Masayoshi Son is reportedly seeking $100B to build a new AI chip venture 

SoftBank Group’s Masayoshi Son has made no secret of his intent to double down on red-hot artificial intelligence industry. Now, he’s fundraising for his next move in that strategy. According to a report in Bloomberg, the SoftBank founder is seeking $100 billion to build a new venture that would compete with the likes of Nvidia […] © 2024 TechCrunch. All rights reserved. For personal use…

Google Gemini: Everything you need to know about the new generative AI platform

Google’s trying to make waves with Gemini, a flagship suite of generative AI models, apps and services. But while Gemini appears to be promising in a few aspects, it’s falling short in others — as our informal review revealed. So what is Gemini? How can you use it? And how does it stack up to […] © 2024 TechCrunch. All rights reserved. For personal use…

AI-powered Estonian QA startup Klaus acquired by Zendesk

Klaus – an Estonian-born startup which emerged in 2019 to aid customer services agents – has been acquired by global customer services platform Zendesk for an undisclosed amount. Last year Zendesk also acquired Tymeshift, a workforce management tool, to fold into its product. It would be remiss of us not to mention that the downturn in […] © 2024 TechCrunch. All rights reserved. For personal use…

Rippling opens Asia-Pacific HQ as its international expansion gears up

After recent launches in the United Kingdom and Ireland, workforce management platform Rippling is continuing its ambitious international expansion with the opening of its Asia-Pacific headquarters in Sydney, Australia today. The company, which already has 10,000 customers and is valued at $11.25 billion, will invest millions of dollars in its APAC expansion, co-founder Parker Conrad […] © 2024 TechCrunch. All rights reserved. For personal use…

Bugcrowd snaps up $102M for a ‘bug bounty’ security platform that taps 500K+ hackers

Bugcrowd — the startup that taps into a database of half a million hackers to help organizations like OpenAI and the U.S. government set up and run bug bounty programs, cash rewards to freelancers who can identify bugs and vulnerabilities in their code — has picked up a big cash award of its own to […] © 2024 TechCrunch. All rights reserved. For personal use…

Accounting software startup Pennylane becomes France’s latest unicorn

Just like clockwork, Pennylane is raising another €40 million ($43 million at today’s exchange rate). This new funding round comes after the accounting startup raised €4 million in 2020, €15 million in 2021, another €15 million in 2021 again, €50 million in 2022 and €30 million in 2023. You might think that it’s quite a […] © 2024 TechCrunch. All rights reserved. For personal use…

Endpoint security startup NinjaOne lands $231.5M at $1.9B valuation

Just two years ago, VC funding to cybersecurity startups was on fire. $23 billion flooded the sector, per Crunchbase. But in 2023, cybersecurity upstarts only saw a third of that — the result of the exceptional surge in 2021, bloated valuations and investors wary of market instability. But there’s always some winners during down times. Yesterday, […] © 2024 TechCrunch. All rights reserved. For personal use…

Confirmed: Entrust is buying AI-based ID verification startup Onfido, sources say for more than $400M

Onfido, an early mover in the world of identity verification using computer vision and other AI tools, is getting acquired, TechCrunch has learned and confirmed. Entrust — the privately-held company that provides a range of certification and verification services around payment cards, passwords, network and website access, device access and more — is buying the […] © 2024 TechCrunch. All rights reserved. For personal use…

Medium news, startups: If you start generating cash, you can sell for 4x ARR

The 2024 IPO season is on the horizon, but until those S-1 filings drop, we at least have private equity M&A to keep us busy. This week, Everbridge said it had agreed to be taken private by Thoma Bravo for $1.5 billion in an all-cash transaction — a roughly 50% premium on its market cap […] © 2024 TechCrunch. All rights reserved. For personal use…

DocuSign lays off 6% of workforce as reported private equity takeover talks stall

DocuSign has revealed that it’s laying off 6% of its workforce, impacting some 400 employees. In an SEC filing, the e-signature software company said that the “restructuring plan” will mainly impact those in its sales and marketing teams, and is likely to cost DocuSign between $28 and $32 million in terms of severance payouts, benefits, […] © 2024 TechCrunch. All rights reserved. For personal use…

Colossyan uses GenAI to create corporate training videos

Most people don’t watch corporate training videos — or, in cases where the training’s mandatory, don’t give them their full attention. According to a recent poll from Kaltura, the video tech provider, 75% of staffers admit to skimming through training videos, watching them without sound or listening to them while multitasking. So, given that training […] © 2024 TechCrunch. All rights reserved. For personal use…

Thoma Bravo takes critical event management software company Everbridge private in $1.5B deal

Everbridge, a critical event management (CEM) software company, is going private in a $1.5 billion all-cash deal that will see it taken over by private equity giant Thoma Bravo. Founded in 2002 initially as 3N Global, Everbridge helps governments and enterprises from across the industrial spectrum respond to emergency situations — this includes risk intelligence […] © 2024 TechCrunch. All rights reserved. For personal use…

Sundar Pichai says Google One cloud storage service has nearly 100M subscribers

Google CEO Sudar Pichai said that the company’s Google One cloud storage service is ” just about to cross” 100 million subscribers. Speaking during Alphabet’s Q4 2023 earning call, Pichai added that the company is looking to add more AI-powered features to the Google One service. The search giant first launched Google One in 2018. […] © 2024 TechCrunch. All rights reserved. For personal use…

Productivity platform ClickUp acquires calendar startup Hypercal

Tiger Global and a16z-backed productivity company ClickUp has acquired the calendar app Hypercal to boost its platform offering, TechCrunch has learned. As part of the acquisition, the app’s founder Ricardo Clerigo is also joining ClickUp as Head of Calendar. UK-based Hypercal was founded in 2022 as an app for Mac and offered integration with different […] © 2024 TechCrunch. All rights reserved. For personal use…

Compa grabs more capital amid customer quest for real-time compensation data

Let’s face it — the job market is tough. Between all of the layoffs in the tech industry and new job positions being created to leverage the artificial intelligence boom, company compensation teams need the best data to get out in front of industry changes, competition and costs. TechCrunch profiled compensation market data provider Compa […] © 2024 TechCrunch. All rights reserved. For personal use…

UK launches antitrust probe into planned $19B Vodafone / Three merger

The U.K.’s Competition and Markets Authority (CMA) is launching a formal probe into the proposed merger between Vodafone and Three UK. The news hardly comes as a surprise, given that the £15 billion ($19 billion) joint venture would reduce the U.K.’s main infrastructure-owning mobile networks from four to three (the other two being EE and […] © 2024 TechCrunch. All rights reserved. For personal use…

Observability platform Better Stack secures $10M cash infusion

Monitoring software and infrastructure in production, the practice known as observability, is becoming increasingly harder — not easier. According to recent survey, 69% of developer operations professionals say that their observability data is expanding at a “concerning” rate, making it more challenging to spot anomalies. Meanwhile, professionals are being forced to juggle a growing number […] © 2023 TechCrunch. All rights reserved. For personal use…

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