The Morgan Stanley Multicultural Innovation Lab, Morgan Stanley’s in-house accelerator focused on companies founded by multicultural and female entrepreneurs, hosted its second Annual Showcase and Demo Day. The event also featured companies from accelerators HearstLab, Newark Venture Partner Labs and PS27 Ventures. (Note: I was formerly employed by Morgan Stanley and have no financial ties.) The showcase represented
Autodesk announced plans to acquire PlanGrid, a San Francisco startup that helped moved blueprints from paper to the iPad when it launched in 2011. This digitization of construction fits with Autodesk’s vision of digitizing design in general and CEO Andrew Anagnost certainly recognized the transformational potential of the company he was buying. “There is a
Back in September, Microsoft announced a virtual desktop solution that lets customers run Office 365 and Windows 10 in the cloud. They mentioned several partners in the announcement who were working on solutions with them. One of those was FSLogix, a Georgia virtual desktop startup. Today, Microsoft announced it has acquired FSLogix. It did not
Diane Greene announced on Friday that she was stepping down after three years running Google’s cloud business. She will stay on until the first of the year to help her successor, Thomas Kurian in the transition. He left Oracle at the end of September after more than 20 years with the company, and is charged with making Google’s
Diane Greene announced in a blog post today that she would be stepping down as CEO of Google Cloud and will be helping transition former Oracle executive Thomas Kurian to take over early next year. Greene took over the position almost exactly three years ago when Google bought Bebop, the startup she was running. The
Uber announced today at the 2018 Uber Open Summit that it was joining the Linux Foundation as a Gold Member, making a firm commitment to using and contributing to open source tools. Uber CTO Thuan Pham sees the Linux Foundation as a place for companies like his to nurture and develop open source projects. “Open
As large organizations grapple with adopting modern work practices without throwing out all of their legacy software, a company that works with them is making an acquisition that it hopes will help with that process. Citrix today is announcing that it has acquired Sapho, a startup that develops “micro apps” for legacy software so that workers
It’s been 14 years since Mark Shuttleworth first founded and funded Canonical and the Ubuntu project. At the time, it was mostly a Linux distribution. Today, it’s a major enterprise player that offers a variety of products and services. Throughout the years, Shuttleworth self-funded the project and never showed much interest in taking outside money.
The market for RPA — Robotic Process Automation — is getting a hat trick of news this week: Automation Anywhere has today announced that it has raised $300 million from the SoftBank Vision Fund. This funding, which values Automation Anywhere at $2.6 billion post-money, is an extension to the Series A the company announced earlier
We hear so much about managing the customer relationship, but companies have to manage the products they sell too. Propel, a Santa Clara startup, is taking a modern cloud approach to the problem, and today it landed an $18 million Series B investment. The round was led by Norwest Venture Partners. Previous investors Cloud Apps
Docker and Mulesoft have announced a broad deal to sell products together and integrate their platforms. As part of it, Docker is getting an investment from Salesforce, the CRM giant that acquired Mulesoft for $6.5 billion last spring. Salesforce is not disclosing the size of the stake it’s taking in Docker, but it is strategic:
If data is the new oil, you might think of apps are the cars that need it to move. Now, a startup that has built a platform to let everyone — not just those with technical expertise — make and drive their own “cars” has raised a significant round of funding to grow its business.
When Oracle filed a protest in August with the Government Accountability Office (GAO) last August that the Pentagon’s $10 billion JEDI RFP process was unfair, it probably had little chance of succeeding. Today the GAO turned away the protest. The JEDI contract has been set up as a winner-take-all affair. With $10 billion on the
PagerDuty, an eight-year-old, San Francisco-based company that sends companies information about their technology, doesn’t receive a fraction of the press that other fast-growing enterprise software companies receive. In fact, though it counts as customers heavyweight companies like Capital One, Spotify and Netflix; it employs 500 employees; and it has five offices around the world, it
Imagine coating an expensive part with a layer of diamond dust the width of a human hair, capturing its light pattern as a unique identifier, then storing that identifier in a traditional database or on the blockchain. That’s precisely what Dust Identity, a Boston-based startup is trying to do, and today it got $2.3 million
Zendesk has always been strongly focused on customer service in the cloud. They began to look at this more broadly in September when they purchased Base to move into sales automation and CRM. Today, the company announced Zendesk Sunshine, a new platform for creating customer-focused applications on top of Zendesk’s toolset. All of this appears
Cognigo, a startup that aims to use AI and machine learning to help enterprises protect their data and stay in compliance with regulations like GDPR, today announced that it has raised an $8.5 million Series A round. The round was led by Israel-based crowdfunding platform OurCrowd, with participation from privacy company Prosegur and State of
SAP CEO Bill McDermott was jacked up today about his company’s $8 billion Qualtrics acquisition over the weekend. You would expect no less for such a big deal. McDermott believes that the data that Qualtrics provides could bridge the gap between his company’s operational data and customer data wherever that resides. The idea behind Qualtrics
Black Friday may be still be 10 days away, but shopping season started early in the enterprise this year. We have seen acquisitions totaling almost $50 billion in the last couple of months alone, topped by the mega $34 billion IBM-Red Hat deal two weeks ago. What exactly is going on here? While not every deal
Some consolidation and subsequent divestment are in play in the worlds of imaging and voice recognition. Today, Kofax and Nuance announced that Kofax would be acquiring Nuance’s imaging division, for $400 million in cash. The deal, which had been rumoured in recent days, is expected to close in Q1 2019. The acquisition is a notable move
Ceph is an open source technology for distributed storage that gets very little public attention but that provides the underlying storage services for many of the world’s largest container and OpenStack deployments. It’s used by financial institutions like Bloomberg and Fidelity, cloud service providers like Rackspace and Linode, telcos like Deutsche Telekom, car manufacturers like
Eight months after bringing in a $40 million Series D, Moogsoft‘s co-founder and chief executive officer Phil Tee confirmed to TechCrunch that the IT incident management startup had shed 18 percent of its workforce or just over 30 employees. The layoffs took place at the end of October; shortly after, Moogsoft announced two executive hires.
LinkedIn, the Microsoft-owned social network for the working world with some 580 million users, took a big step into professional development and education when it acquired Lynda.com for $1.5 billion and used it as the anchor for LinkedIn Learning. Now, with 13,000 courses on the platform, LinkedIn is announcing two new developments to get more
Abbyy has been around for a long time helping companies with scanning and workflow tools, but like many older vendors it has been looking for ways to extend its traditional business model. One way to do that is by teaming up with robotics process automation companies like UIPath. Today, the company announced it has launched
Today, Google Cloud announced Kubeflow pipelines and AI Hub, two tools designed to help data scientists put to work across their organizations the models they create. Rajen Sheth, director of product management for Google Cloud’s AI and ML products, says that the company recognized that data scientists too often build models that never get used.
DevOps platform CircleCI today announced a new partner program that will open up its platform and allow third-party tools to integrate with it. In addition, the company is also launching Orbs, which it describes as “the world’s first package manager designed specifically for configuration of software delivery automation.” Fresh off its $31 million funding round
Spotify’s ad-supported tier has long been one of the service’s differentiators. Naturally, the model’s not nearly as feature-rich as its paid counterpart, though the company’s removing one of those key distinctions as of this morning. In a press release, the company notes that free users will soon be able to stream music through Spotify Connect-sporting speakers.
Every day, there are around 650,000 emergency service callouts via 911 for medical, police and fire assistance in the US; and by their nature these are some of the most urgent communications that we will ever make. But ironically in the age of smartphones, connected things and the internet, these 911 calls are also some
During its big customer event in Europe, VMware announced another acquisition to step up its game in helping enterprises build and run containerised, Kubernetes-based architectures: it has acquired Heptio, a startup out of Seattle that was co-founded by Joe Beda and Craig McLuckie, who were two of the three people who co-created Kubernetes back at Google
Amazon, one of the world’s largest companies, has transformed the face of commerce in part because it has managed to at once to be “The Everything Store” but still with a route into its sea of products that, for most users, surfaces what they might most want to see (and importantly buy or consume). That