Bright Machines wants to put AI-driven automation in every factory


This post is by Ron Miller from TechCrunch


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There’s a mythology around today’s factories that says everything is automated by robotics, and while there is some truth to that, it’s hard to bring that level of sophistication to every facility, especially those producing relatively small runs. Today, Bright Machines, a San Francisco startup announced its first product designed to put intelligence and automation in reach of every manufacturer, regardless of its size.

The startup, which emerged last fall with $179 million in Series A funding, has a mission to make every aspect of manufacturing run in a software-defined automated fashion. Company CEO Amar Hanspal understands it’s a challenging goal, and today’s announcement is about delivering version 1.0 of that vision.

“We have this ambitious idea to fundamentally change the way factories operate, and what we are all about is to get to autonomous programmable factories,” he said. To start on that journey, since getting its

Continue reading “Bright Machines wants to put AI-driven automation in every factory”

Vulcan Cyber announces $10M Series A to automate security patching efforts


This post is by Ron Miller from TechCrunch


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Many software vulnerabilities are already known, and vendors have even issued patches, but the problem is there are so many patches that it’s often difficult for companies to keep up. Vulcan Cyber wants to help by bringing a level of automation to the patching operation, and in the process reduce exposure to known risks.

Today, it announced a $10 million Series A round from Ten Eleven Ventures and YL Ventures .

In a typical scenario, security researchers find vulnerabilities, the vendors disclose them and patch them. From there it’s up to individual companies to take care of downloading and installing the patch, but Vulcan Cyber co-founder and CEO Yaniv Bar-Dayan says the number of patches has been growing at a furious pace with 6000 patches in 2016, 16,000 in 2017 and 18,000 last year. And that growth trajectory is continuing this year, he says.

Vulcan’s ultimate mission is to help companies

Highest risk packages

Continue reading “Vulcan Cyber announces $10M Series A to automate security patching efforts”

WeWork acquires Waltz, an app that lets users access different spaces with a single credential


This post is by Catherine Shu from TechCrunch


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WeWork announced today that it will acquire Waltz, a building access and security management startup, for an undisclosed amount. Waltz’s smartphone app and reader allows users to enter different properties with a single credential and will make it easier for WeWork’s enterprise clients, such as GE Healthcare and Microsoft, to manage their employees’ on-demand memberships to WeWork spaces.

WeWork’s announcement said “with deep expertise in mobile access and system integrations, Waltz has the most advanced and sophisticated products to provide that single credential to our members and to help us better connect them with our spaces.” Waltz was founded in 2015 by CEO Matt Kopel and has offices in New York and Montreal. After the acquisition, Waltz will be integrated into WeWork, but maintain its current customer base.

WeWork has been on an acquisition spree over the past year as it evolves from co-working spaces to a software-as-a-service

Continue reading “WeWork acquires Waltz, an app that lets users access different spaces with a single credential”

WeWork acquires Waltz, an app that lets users access different spaces with a single credential


This post is by Catherine Shu from TechCrunch


Click here to view on the original site: Original Post




WeWork announced today that it will acquire Waltz, a building access and security management startup, for an undisclosed amount. Waltz’s smartphone app and reader allows users to enter different properties with a single credential and will make it easier for WeWork’s enterprise clients, such as GE Healthcare and Microsoft, to manage their employees’ on-demand memberships to WeWork spaces.

WeWork’s announcement said “with deep expertise in mobile access and system integrations, Waltz has the most advanced and sophisticated products to provide that single credential to our members and to help us better connect them with our spaces.” Waltz was founded in 2015 by CEO Matt Kopel and has offices in New York and Montreal. After the acquisition, Waltz will be integrated into WeWork, but maintain its current customer base.

WeWork has been on an acquisition spree over the past year as it evolves from co-working spaces to a software-as-a-service

Continue reading “WeWork acquires Waltz, an app that lets users access different spaces with a single credential”

WeWork acquires Waltz, an app that lets users access different spaces with a single credential


This post is by Catherine Shu from TechCrunch


Click here to view on the original site: Original Post




WeWork announced today that it will acquire Waltz, a building access and security management startup, for an undisclosed amount. Waltz’s smartphone app and reader allows users to enter different properties with a single credential and will make it easier for WeWork’s enterprise clients, such as GE Healthcare and Microsoft, to manage their employees’ on-demand memberships to WeWork spaces.

WeWork’s announcement said “with deep expertise in mobile access and system integrations, Waltz has the most advanced and sophisticated products to provide that single credential to our members and to help us better connect them with our spaces.” Waltz was founded in 2015 by CEO Matt Kopel and has offices in New York and Montreal. After the acquisition, Waltz will be integrated into WeWork, but maintain its current customer base.

WeWork has been on an acquisition spree over the past year as it evolves from co-working spaces to a software-as-a-service

Continue reading “WeWork acquires Waltz, an app that lets users access different spaces with a single credential”

Snowflake co-founder and president of product Benoit Dageville is coming to TC Sessions: Enterprise


This post is by Ron Miller from TechCrunch


Click here to view on the original site: Original Post




When it comes to a cloud success story, Snowflake checks all the boxes. It’s a SaaS product going after industry giants. It has raised bushels of cash and grown extremely rapidly — and the story is continuing to develop for the cloud data lake company.

In September, Snowflake’s co-founder and president of product Benoit Dageville will join us at our inaugural TechCrunch Sessions: Enterprise event on September 5 in San Francisco.

Dageville founded the company in 2012 with Marcin Zukowski and Thierry Cruanes with a mission to bring the database, a market that had been dominated for decades by Oracle, to the cloud. Later, the company began focusing on data lakes or data warehouses, massive collections of data, which had been previously stored on premises. The idea of moving these elements to the cloud was a pretty radical notion in 2012.

It began by supporting its products on AWS, and

Snowflake fund raising by round. Chart: Crunchbase

Continue reading “Snowflake co-founder and president of product Benoit Dageville is coming to TC Sessions: Enterprise”

Snowflake co-founder and president of product Benoit Dageville is coming to TC Sessions: Enterprise


This post is by Ron Miller from TechCrunch


Click here to view on the original site: Original Post




When it comes to a cloud success story, Snowflake checks all the boxes. It’s a SaaS product going after industry giants. It has raised bushels of cash and grown extremely rapidly — and the story is continuing to develop for the cloud data lake company.

In September, Snowflake’s co-founder and president of product Benoit Dageville will join us at our inaugural TechCrunch Sessions: Enterprise event on September 5 in San Francisco.

Dageville founded the company in 2012 with Marcin Zukowski and Thierry Cruanes with a mission to bring the database, a market that had been dominated for decades by Oracle, to the cloud. Later, the company began focusing on data lakes or data warehouses, massive collections of data, which had been previously stored on premises. The idea of moving these elements to the cloud was a pretty radical notion in 2012.

It began by supporting its products on AWS, and

Snowflake fund raising by round. Chart: Crunchbase

Continue reading “Snowflake co-founder and president of product Benoit Dageville is coming to TC Sessions: Enterprise”

Tundra, the zero-fee wholesale marketplace, picks up $12 million


This post is by Jordan Crook from TechCrunch


Click here to view on the original site: Original Post




Tundra, a new zero-commission wholesale marketplace, has today announced the close of $12 million in Series A funding. The round was led by Redpoint’s Annie Kadavy, with participation from investors such as Initialized Capital, Peterson Ventures, FJ Labs, Switch Ventures, and Background Capital.

Tundra was founded by married couple Arnold and Katie Engel, who previously ran a global supply chain company called Vox Supply Chain. In that world, they quickly realized just how much inefficiency is built into the wholesale market, from disorganized trade shows to transaction fees from the incumbents to a business that’s largely done on phone with pen and paper.

That’s where Tundra comes in.

Tundra allows suppliers to list their product on the platform, which is built to look and feel like a B2C marketplace. Buyers can come on the platform and shop for products, complete with ratings and reviews, supplier performance metrics, and free

Continue reading “Tundra, the zero-fee wholesale marketplace, picks up $12 million”

Showpad, a sales enablement platform for presentations and other collateral, raises $70M


This post is by Ingrid Lunden from TechCrunch


Click here to view on the original site: Original Post




Sales teams have long turned to tech solutions to help improve how they source leads, develop relationships and close deals. Now, one of the startups that helps out at a key point in that trajectory is announcing a round of growth funding to help fuel its own rapid growth. Showpad, a sales enablement platform that lets salespeople source and organise relevant content and other collateral that they use in their deals, has raised a Series D of $70 million.

The funding, which brings the total raised by Showpad to $160 million, is coming in the form of debt and equity. The equity part is co-led by Dawn Capital and Insight Partners, with existing investors Hummingbird Ventures, and Korelya Capital also participating. Silicon Valley Bank is providing debt financing. This is one of the first big investments out of Dawn’s Opportunities Fund that we wrote about last week.

The company is

Continue reading “Showpad, a sales enablement platform for presentations and other collateral, raises $70M”

Showpad, a sales enablement platform for presentations and other collateral, raises $70M


This post is by Ingrid Lunden from TechCrunch


Click here to view on the original site: Original Post




Sales teams have long turned to tech solutions to help improve how they source leads, develop relationships and close deals. Now, one of the startups that helps out at a key point in that trajectory is announcing a round of growth funding to help fuel its own rapid growth. Showpad, a sales enablement platform that lets salespeople source and organise relevant content and other collateral that they use in their deals, has raised a Series D of $70 million.

The funding, which brings the total raised by Showpad to $160 million, is coming in the form of debt and equity. The equity part is co-led by Dawn Capital and Insight Partners, with existing investors Hummingbird Ventures, and Korelya Capital also participating. Silicon Valley Bank is providing debt financing. This is one of the first big investments out of Dawn’s Opportunities Fund that we wrote about last week.

The company is

Continue reading “Showpad, a sales enablement platform for presentations and other collateral, raises $70M”

Comscore raises $20M with an option to bump it to $50M, in a bid to rebuild its digital measurement business


This post is by Ingrid Lunden from TechCrunch


Click here to view on the original site: Original Post




Comscore’s name is usually in the news because of its widely-cited research and stats around media traffic and other analysis charting digital consumer behavior. More recently, it’s been coming up for another reason: ongoing corporate upheaval and its tumbling stock price. Today comes the latest development in that story: the company announced that it has raised $20 million, with the option of increasing the sum to $50 million, from a firm called CVI Investments.

“This transaction strengthens our balance sheet and positions us to pursue our refocused growth strategy while providing the flexibility to better apply resources to meet our business objectives, and ultimately drive long-term value for our stockholders,” Dale Fuller, Interim Chief Executive Officer of Comscore, said in a statement.

As explained in the 8-K, the money is coming in the form of a share purchase that is expected to close around June 26.

Comscore did not

Continue reading “Comscore raises $20M with an option to bump it to $50M, in a bid to rebuild its digital measurement business”

Gartner finds RPA is fastest growing market in enterprise software


This post is by Ron Miller from TechCrunch


Click here to view on the original site: Original Post




If you asked the average person on the street what Robotic Process Automation is, most probably wouldn’t have a clue. Yet new data from Gartner finds the RPA market grew over 63% last year, making it the fastest growing enterprise software category. It is worth noting, however, that the overall market value of $846.2 million remains rather modest compared to other multi-billion dollar enterprise software categories.

RPA helps companies automate a set of highly manual processes.The beauty of RPA, and why companies like it so much, is that it enables customers to bring a level of automation to legacy processes without having to rip and replace the legacy systems.

As Gartner points out, this plays well in companies with large amounts of legacy infrastructure like banks, insurance companies, telcos and utilities.”The ability to integrate legacy systems is the key driver for RPA projects. By using this technology,

Chart: Gartner

Continue reading “Gartner finds RPA is fastest growing market in enterprise software”

Gartner finds RPA is fastest growing market in enterprise software


This post is by Ron Miller from TechCrunch


Click here to view on the original site: Original Post




If you asked the average person on the street what Robotic Process Automation is, most probably wouldn’t have a clue. Yet new data from Gartner finds the RPA market grew over 63% last year, making it the fastest growing enterprise software category. It is worth noting, however, that the overall market value of $846.2 million remains rather modest compared to other multi-billion dollar enterprise software categories.

RPA helps companies automate a set of highly manual processes.The beauty of RPA, and why companies like it so much, is that it enables customers to bring a level of automation to legacy processes without having to rip and replace the legacy systems.

As Gartner points out, this plays well in companies with large amounts of legacy infrastructure like banks, insurance companies, telcos and utilities.”The ability to integrate legacy systems is the key driver for RPA projects. By using this technology,

Chart: Gartner

Continue reading “Gartner finds RPA is fastest growing market in enterprise software”

Three years after moving off AWS, Dropbox infrastructure continues to evolve


This post is by Ron Miller from TechCrunch


Click here to view on the original site: Original Post




Conventional wisdom would suggest that you close your data centers and move to the cloud, not the other way around, but in 2016 Dropbox undertook the opposite journey. It (mostly) ended its long-time relationship with AWS and built its own data centers.

Of course, that same conventional wisdom would say, it’s going to get prohibitively expensive and more complicated to keep this up. But Dropbox still believes it made the right decision and has found innovative ways to keep costs down.

Akhil Gupta, VP of Engineering at Dropbox, says that when Dropbox decided to build its own data centers, it realized that as a massive file storage service, it needed control over certain aspects of the underlying hardware that was difficult for AWS to provide, especially in 2016 when Dropbox began making the transition.

“Public cloud by design is trying to work with multiple workloads, customers and use cases and

Continue reading “Three years after moving off AWS, Dropbox infrastructure continues to evolve”

Get your early-bird tickets to TC Sessions: Enterprise 2019


This post is by Emma Comeau from TechCrunch


Click here to view on the original site: Original Post




In a world where the enterprise market hovers around $500 billion in annual sales, is it any wonder that hundreds of enterprise startups launch into that fiercely competitive arena every year? It’s a thrilling, roller-coaster ride that’s seen it all: serious success, wild wealth and rapid failure.

That’s why we’re excited to host our inaugural TC Sessions Enterprise 2019 event on September 5 at the Yerba Buena Center for the Arts in San Francisco. Like TechCrunch’s other TC Sessions, this day-long intensive goes deep on one specific topic. Early-bird tickets are on sale now for $395 — and we have special pricing for MBA students and groups, too. Buy your tickets now and save.

Bonus ROI: For every ticket you buy to TC Sessions: Enterprise, we’ll register you for a free Expo Only pass to TechCrunch Disrupt SF on October 2-4. Sweet!

Expect a full day of programming featuring the

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Transitioning from engineering to product with Adobe’s Anjul Bhambhri


This post is by Danny Crichton from TechCrunch


Click here to view on the original site: Original Post




Many roles inside of startups and tech companies are clear: marketers market, salespeople sell, engineers engineer. Then there are the roles like “product manager” that seem obvious on the surface (product managers “product,” right?) but in reality are very fuzzy roles that can be highly variable across different companies.

A few weeks ago, TechCrunch editor Jordan Crook interviewed J Crowley, who is head of product for Airbnb Lux and was formerly at Foursquare. Crowley came up in the consumer product world without a technical background, and he spoke to overcoming some of his own insecurities to become a leading product thinker in the Valley.

This week, I wanted to offer another perspective on product from Anjul Bhambhri, who is Vice President, Platform Engineering at Adobe, where she and her team conceived Adobe’s

Continue reading “Transitioning from engineering to product with Adobe’s Anjul Bhambhri”

Transitioning from engineering to product with Adobe’s Anjul Bhambhri


This post is by Danny Crichton from TechCrunch


Click here to view on the original site: Original Post




Many roles inside of startups and tech companies are clear: marketers market, salespeople sell, engineers engineer. Then there are the roles like “product manager” that seem obvious on the surface (product managers “product,” right?) but in reality are very fuzzy roles that can be highly variable across different companies.

A few weeks ago, TechCrunch editor Jordan Crook interviewed J Crowley, who is head of product for Airbnb Lux and was formerly at Foursquare. Crowley came up in the consumer product world without a technical background, and he spoke to overcoming some of his own insecurities to become a leading product thinker in the Valley.

This week, I wanted to offer another perspective on product from Anjul Bhambhri, who is Vice President, Platform Engineering at Adobe, where she and her team conceived Adobe’s

Continue reading “Transitioning from engineering to product with Adobe’s Anjul Bhambhri”

Daily Crunch: Slack makes its Wall Street debut


This post is by Anthony Ha from TechCrunch


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The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.

1. Slack prices IPO at $26 per share

Slack is debuting on the New York Stock Exchange today. Trading hasn’t opened yet as I write this, but The Wall Street Journal reports that the company has set a price of $26 per share.

The enterprise communication company is pursuing a direct listing, eschewing the typical IPO process in favor of putting its current stock on to the NYSE without doing an additional raise or bringing on underwriter banking partners.

2. Waymo takes its self-driving car ambitions global in partnership with Renault-Nissan

Waymo has locked in an exclusive partnership with Renault and Nissan to research how commercial autonomous vehicles might work for passengers and packages in France and

Continue reading “Daily Crunch: Slack makes its Wall Street debut”

Machine learning for everyone startup Intersect Labs launches platform for data analysis


This post is by Danny Crichton from TechCrunch


Click here to view on the original site: Original Post




Machine learning is the holy grail of data analysis, but unfortunately, that holy grail oftentimes requires a PhD in Computer Science just to get started. Despite the incredible attention that machine learning and artificial intelligence get from the press, the reality is that there is a massive gap between the needs of companies to solve business challenges and the availability of talent for building incisive models.

YC-backed Intersect Labs is looking to solve that gap by making machine learning much more widely accessible to the business analyst community. Through its platform, which is being launched fully publicly, business analysts can upload their data, and Intersect will automatically identify the right machine learning models to apply to the dataset and optimize the parameters of those models.

The company was founded by Ankit Gordhandas and Aaron Fried in August of last year. In his previous job, Gordhandas deployed machine learning models to

Continue reading “Machine learning for everyone startup Intersect Labs launches platform for data analysis”

Slack opens at $38.50, a pop of 48% on its first day of trading on NYSE as WORK


This post is by Ingrid Lunden from TechCrunch


Click here to view on the original site: Original Post




Slack, the workplace messaging platform that has helped define a key category of enterprise IT, made its debut as a public company today with a pop. Trading as “WORK” on the New York Stock Exchange, it opened at $38.50 after setting a reference price last night of $26, valuing it at $15.7 billion, and then setting a bid/asking price of $37 this morning.

Note: there was no “money raised” with this IPO ahead of today because Slack’s move into being a publicly traded company is coming by way of a direct listing — meaning the shares went directly on the market with no pre-sale. This is a less conventional route that doesn’t involve bankers underwriting the listing (nor all the costs that come along with the roadshow and the rest). It also means Slack does not raise a large sum ahead of public trading. But it

Continue reading “Slack opens at $38.50, a pop of 48% on its first day of trading on NYSE as WORK”