Intel slashes dividend by nearly two-thirds to shore up cash as chip giant braces for a tough year
In January, when Intel reported one of its worst financial quarters in years, the chip giant worked to keep up investor confidence by holding its dividend steady at $0.365/share. Less than a month later, it’s singing a very different tune. The company today announced that it was revising its
Showing customer success platforms haven’t lost steam, Vitally secures $30M
Customer success platforms (CSPs), or software designed to help business-to-business companies manage and monitor their customer success efforts, are increasingly in demand. According to a Research and Markets report, the market for global CSPs will be worth $3.1 billion by 2026.
Some sources attri
Finch lands $40M to connect disparate HR systems with a single API
Finch, a platform that helps companies connect to various HR apps, services and systems, today announced that it raised $40 million in a Series B round co-led by General Catalyst and Menlo Ventures with participation from QED Investors, Altman Capital and PruVen Capital.
Co-founder and CEO Jeremy Z
Starry files for bankruptcy
A year after completing its special purpose acquisition with FirstMark Horizon Acquisition Corp. to go public, Starry Group Holdings, an internet service provider, said Tuesday that it filed for bankruptcy in efforts to reduce its debt while maintaining customer and network operations in five citie
Amazon’s AWS cozies up to carriers, launches 2 services to build and operate networks in the cloud
Amazon has been working on ramping up how it works with telecoms carriers as customers and partners — an ambition pushed in no small part by slowing growth for cloud services overall at AWS and its big rivals Microsoft Azure and Google Cloud. Now, one week ahead of MWC in Barcelona — on
Sublime nabs $9.8M for an anti-phishing email security platform built on collective, crowdsourced rules
Malicious hackers are getting ever more creative with the techniques they use to break into networks to steal data and wreak havoc, but their primary route for opening that door has remained pretty consistent. Email is by far the most popular entry point for setting up and executing phishing, ranso
5 tactics for managing paid customer acquisition during a downturn
From 2011 to 2021, Facebook's average revenue per user (ARPU) shot up at a nearly exponential rate. Companies across every sector were paying more per “eyeball” than ever as customer acquisition costs (CAC) rose at an unsustainable rate.
I shared this observation a couple years ago, predict
SaaS leaders: Use customer insights to accelerate growth during a downturn
Many startups are feeling the pressure in today's uncertain economic climate, but for SaaS companies, the next 12 months could present major opportunities for growth: 70% of small and mid-size businesses (SMBs) globally are reporting higher investments in technology this year, according to Gart
AeroCloud, a cloud-native airport management platform, raises $12.6M
AeroCloud, a cloud-native airport management software startup used by dozens of airports across the world, has raised $12.6 million in a Series A round of funding.
Founded out of Chester, U.K., in 2019, AeroCloud says that it’s already working with Manchester and Eindhoven airports in Europe,
UK quantum computing startup Quantum Motion raises $50.5M
U.K. quantum computing company Quantum Motion has raised £42 million ($50.5 million) in an equity round of funding led by Bosch Ventures (RBVC), with participation from Porsche, the U.K. government’s National Security Strategic Investment Fund (NSSIF) and a host of additional investors.
Quan
ByteDance’s Slack-like tool generated $100M in 2022
Feishu, ByteDance’s workplace collaboration app, surpassed $100 million in annual recurring revenue last year, Xie Xin, the chief executive of Feishu, told staff Thursday, according to a person familiar with the matter.
In late 2021, the workplace tool became one of the firm’s six indiv
Ledge aims to build automation tools for finance teams
The rapid adoption of digital payments has become a great challenge for finance teams. According to one report, teams spend as much as 40% of their time processing transactions. To blame is disparate, unstructured data, they say. In a separate survey, 48% of teams peg fragmented data as the largest
The tech jobs market might not be as shaky as it feels
When you lose 100,000 jobs in one month, as happened in tech in January, it's easy to think that the bottom is falling out of the tech jobs market. The torrent of big company layoffs has been swift and brutal, with Microsoft, Alphabet, Amazon and Salesforce, among others, laying off thousands e
Sequoia backs open source data-validation framework Pydantic to commercialize with cloud services
Pydantic, the popular Python library and open source data-validation framework used by some of the world’s biggest companies, has a new commercial namesake and the backing of one of Silicon Valley’s most storied venture capital (VC) firms.
Pydantic Services Inc. emerges from stealth to