Mews books $185M for its SaaS-based hotel management platform

The COVID-19 pandemic ground travel and tourism to a halt, but as those sectors pick up speed again, so too are the more promising startups in them raising money to keep up. Today, a startup called Mews — which provides a cloud-based hotel property management platform with tools covering rese

LexCheck raises $17M to automate common contracting processes

VCs continue to bet big on legal tech. According to Crunchbase, firms have invested more than $1 billion in legal tech companies, an uptick from the $512 million invested last year. Contract management vendors have benefited in particular as contracting workloads increase; contracting teams at larg

Guidewheel lands $9M Series A-1 for SaaS that boosts manufacturing and trims carbon emissions

It may seem like SaaS is everywhere, but there's one sector that's been slow to adopt it — manufacturing. By itself, manufacturing drives almost 11% of the U.S. economy, contributing $2.77 trillion to GDP as of Q2 2022. All that activity also uses a lot of energy and produces a lot of gre

EnCharge AI emerges from stealth with $21.7M to develop AI accelerator hardware

EnCharge AI, a company building hardware to accelerate AI processing at the edge, today emerged from stealth with $21.7 million in Series A funding led by Anzu Partners, with participation from AlleyCorp, Scout Ventures, Silicon Catalyst Angels, Schams Ventures, E14 Fund and Alumni Ventures. Speaki

Nerdio lands $117M to build management tools on top of Azure Virtual Desktop

In 2005, three entrepreneurs — Vadim Vladimirskiy, Stuart Gabel and Niall Keegan — co-founded Adar, a Chicago-based company providing “streaming IT” and IT-as-a-service products mainly to small- and medium-sized businesses. Just over a decade later, Adar created an internal

AI and analytics platform Dataiku raises $200M at a reduced valuation

Dataiku is the latest well-financed startup to suffer from macroeconomic headwinds, raising new capital at a significantly reduced valuation. The company today announced that it raised $200 million in a Series F round led by Wellington Management at a $3.7 billion valuation, down from the $4.6 bill

Ngrok, a service to help devs deploy sites, services and apps, raises $50M

Ask Alan Shreve why he founded Ngrok, a service that helps developers share sites and apps running on their local machines or servers, and he’ll tell you it was to solve a tough-to-grok (pun fully intended) infrastructure problem he encountered while at Twilio. As an engineer there, Shreve wa

Zappi raises $170M for its AI-based market research platform

Fundraising may be drying up for some segments of the tech industry at the moment, but one area that continues to get a lot of attention is AI, and specifically startups that are using it to build out revenue-generating businesses. Today, a startup called Zappi, which has built a market research pl

Vic.ai raises $52M, shows that automating accounting processes can be profitable

AI is an imperfect technology, but one task at which it excels is identifying patterns in vast amounts of data. That’s perhaps why a number of startups have sprung up in recent years offering AI-powered products aimed at automating accounting tasks, like redacting sensitive info in paperwork

Sana raises $34M for its AI-based knowledge management and learning platform for workplaces

Artificial intelligence is touching every aspect of how we engage with information (and much more) these days. Today, a startup building out a business based on one particular application of that — how to apply AI to knowledge management in the workplace — is announcing some funding as

TheyDo fires the starting gun on the race to own the customer journey

It doesn't matter what kind of web site it is, the “customer journey” has always been important, otherwise you lose that engagement and the end result can hit the bottom line. That was always the case. But in the modern era, customers expect an easy and simple experience, otherwise

All signs point to IT spending rising in 2023

You don't need to be a genius to see that we are in a period of great economic uncertainty. For startups, however, a key predictor of future results is the direction of IT spending, something that we can track. When companies are spending money on tech, the reasoning goes, both established and

MessageGears, a cloud customer engagement platform, raises $62M

Dan Roy, a former software engineer at Delta, says he witnessed firsthand the challenges companies face when making the shift from an on-premises model to a software-as-a-service business. Accucast, where he served as CTO after leaving Delta, struggled with this as it pitched software and services

Thoma Bravo snags Coupa for $8B despite activist pressure to hold off for higher price

When news surfaced last week that activist investors were taking the unusual step of pressuring Coupa Software to not sell for less than $95 a share, it got our attention. You don't normally see investors sending a letter asking a company to hold off on a sale. It's typically the opposite.