Spera raises $10M for its identity security posture management platform

Spera, a Palo Alto-based security startup that provides businesses with the tools to proactively protect themselves from identity-driven threats, today said it has raised a $10 million seed funding round led by YL Ventures, with participation from a number of prominent angel investors and serial en

Hygraph raises $30M to scale out a new, federated approach to managing digital content

Digital content and how we consume it continue to endlessly evolve, and so does the tech that helps manage all of it behind the scenes. In the latest development, Hygraph, a startup out of Berlin that has built a platform around a new, “federated” approach to content management — thin

Asana launches new work intelligence tools with AI on the way

With all the software tools we have, it's still hard to figure out how work moves across large organizations, the state of projects and how closely people are tracking against personal, team and company goals. Asana, which is built on top of a work graph, has that knowledge, and the company ann

VCs continue to pour dollars into generative AI

The appetite for generative AI — AI that turns text prompts into images, essays, poems, videos and more — is insatiable. And the investment dollars keep flowing, not shockingly. According to a PitchBook report released this month, VCs have steadily increased their positions in generative AI, fr

Amazon opens its low-bandwidth, long-range Sidewalk network to developers

Back in 2019, Amazon announced Sidewalk, its low-bandwidth, long-range wireless network that uses the 900 MHz spectrum to connect Internet of Things (IoT) devices. It does this by connecting these devices to Amazon’s own Echo and Ring devices, who share a small part of their owner’s ban

GitHub slashes engineering team in India

GitHub, the popular developer platform, has laid off virtually its entire engineering team in India as the Microsoft-owned firm cuts its expenses amid weakening global market conditions. The developer firm has eliminated over 100 jobs in the South Asian market, a person familiar with the matter sai

As Elliott withdraws Salesforce board nominations, activist pressure could be easing

Could activist peace be at hand at Salesforce? With the announcement Monday that Elliott would be withdrawing its nomination for the board of directors, it seems that the CRM leader could have forged a peace agreement. The question is: At what cost? While it's not clear what this agreement mean

Neptyne is building a Python-powered spreadsheet for data scientists

Douwe Osinga and Jack Amadeo were working together at Sidewalk Labs, Alphabet's venture to build tech-forward cities, when they arrived at the conclusion that most spreadsheet software doesn’t scale up to today’s data challenges. Data science tools like Pandas and Jupyter Notebooks

More layoff misery could be coming to Salesforce

On Friday, Bloomberg reported that more layoffs could be on the way at Salesforce, quoting chief operating officer Brian Millham, who indicated that the company could be adding to the ongoing job cutting at the CRM leader and in tech in general. If the layoffs happen, it would come on top of the 10

Microsoft rebuilt Teams from the ground up, promises 2x faster performance

Teams, Microsoft’s Slack rival, has always had a bit of a reputation for being slow and resource-hungry. Given that it always felt like Microsoft hurried the service’s launch to respond to the success of Slack, that’s maybe no surprise. Now, that’s changing, though, with the

OpenView goes bigger with seventh fund, closing on $570M to invest in business software startups

Three years after announcing its sixth fund, OpenView Venture Partners is back with $570 million in capital commitments for its new, seventh fund. It represents a 25% increase over the firm's $450 million sixth fund, its largest to date. The Boston-based venture capital firm gave its intent to

Activist investor Elliott ditches director nomination plans for Salesforce

Activist investor Elliott Investment Management won’t be proceeding with plans to nominate its own directors to Salesforce’s board, citing improved performance and a clearer “focus on value creation” from the enterprise software company. Elliott became one of five activist i

The layoffs will continue until (investor) morale improves

Since the start of 2023, more than 150,000 people have been laid off at tech companies, large and small. That's a staggering number of people who have been put out of work. When you think about how Meta, Amazon and Salesforce have handled these layoffs, the situation becomes even more grim.

Today's cost-conscious business climate could give RPA a boost

As tech companies large and small shed staff in hopes of better aligning their income statements to a new market reality, it's clear that cutting costs to delight investors is the new norm. But there are other ways to make the investing public happy, including smashing growth and profitability