Sentra raises $30M to provide a security layer for data in the cloud

The move to the cloud, accelerated by the pandemic, continues unabated. By 2025, Gartner estimates that more than 95% of new digital workloads will be deployed on cloud-native platforms, up from 30% in 2021. The motivation is convenience partly — cloud platforms can be accessed from anywhere,

Cleary raises $4.5M to reinvent the intranet

When you hear the word “intranet,” chances are your mind is conjuring up images of badly designed internal communications platforms from the early aughts: a place for your internal communications team to post announcements you’re not going to read. To some degree, that hasn’

NetApp, a specialist in cloud data management, says it will lay off 8%, or around 960 people, citing economic climate

NetApp, one of the big players in cloud data management, today announced that it would lay off 8% of its staff, citing “macroeconomic challenges and the reduced spending environment” in the current market. The company is estimated to employ about 12,000 people globally, so this will wor

Select Star closes $15M round to add context to disparate data

Select Star, a startup providing data discovery, lineage and governance tools to mostly enterprise organizations, today announced that it raised $15 million in a Series A round led by Lightspeed Venture Partners with participation from Bowery Capital, Sozo Ventures and Pebblebed. The fresh cash bri

How to cut your SaaS spending by 30% in 2023

The current state of affairs paints a concerning picture for SaaS buyers. Our data shows that the SaaS inflation rate is around four times higher than the general market inflation rate. Specifically, SaaS expenditure in the U.K. and Australia is currently growing at a rate five times higher than ma

Guardz emerges from stealth with $10M for SMB security and cyber insurance to protect against attack-as-a-service breaches

Small and medium businesses have become a growing target for malicious online hackers in recent years, currently accounting for between 43% and 61% of all security breaches and some $7 billion annually in related losses, according to different estimates. Today, a startup called Guardz is emerging f

Identity management platform Saviynt secures $205M in debt, appoints new CEO

Showing that there’s real investor enthusiasm for identity management platforms, Saviynt, which enables companies to secure apps, data and infrastructure in a single platform, today announced that it raised $205 million in debt from AB Private Credit Investors' Tech Capital Solutions grou

Board changes could signal Salesforce’s willingness to appease activist investors

A week ago activist investor Elliott Management announced it had made a multibillion-dollar investment in Salesforce. By Friday, the company announced it was bringing in three new board members, and The Wall Street Journal was reporting that Elliott planned to nominate its own slate of directors. A

Stripe eyes an exit, Dell bets on the cloud, and Shutterstock embraces generative AI

Hey, party people, it’s Kyle, continuing to step in for Greg to write Week in Review as he spends time with his newborn. Dunno about y’all, but it’s been a week. I’m dead tired and thankful it’s over. But because the news never sleeps, I’m rallying with the help

What does selling to platform engineering teams mean for developer relations?

Startups selling dev tools over the last few years have seen the pendulum swing. On one hand, developers rarely need anyone’s permission to start using their tools, which resulted in teams within the same organization using wildly different tech stacks. On the other, a growing number of compa

As activist investors target Salesforce, what's next for the CRM giant?

By any measure, Salesforce CEO Marc Benioff has been a successful executive. He helped build Salesforce from the ground up, starting in an apartment in San Francisco in 1999 and eventually erecting Salesforce Tower, the tallest building in the city. He took the idea of running software in the cloud

Mirantis acquires Shipa

Container management platform Mirantis, which you may remember from its OpenStack days and from acquiring Docker Enterprise in 2019, today announced that it has acquired Shipa, a startup that builds tools to help developers develop, deploy and manage cloud-native applications. Shipa previously rais

European banks struggle with AI, while US banks lead the field, according to a new index

In the wake of a seminal wave of new artificial intelligence startups such as OpenAI, a new U.K. company claims it can track and rank banks on their ability to develop and deploy AI platforms. Evident, a benchmarking and intelligence company, says its inaugural Index can rank the 23 largest banks i

GitHub says it now has 100M active users

Code-hosting platform GitHub has announced that 100 million developers are now using the platform. The figure represents a substantial hike on the 3 million users GitHub counted exactly 10 years ago, the 28 million it claimed when Microsoft acquired it for $7.5 billion five years ago and the 90 mil