What connects the stock market contraction to startup valuations?

In an analysis of the market, Justin Kahl and David George of Andreessen Horowitz showcase data on how public companies have seen their revenue multiples shrink by an average of 60%, with large sector variability. They use this central data point to suggest how startups should navigate the downturn

‘Social good’ cloud provider Blackbaud has a loyal customer in the NRA

Update: Two weeks after this article was published, Blackbaud contacted technewss to dispute it, providing information I had asked about days before publishing. According to Blackbaud, the NRA is indeed a longtime customer but it pays much less than the documents suggested: about $85K yearly. Whil

LaunchNotes looks to transform how software product teams communicate changes to customers

When LaunchNotes founders, Jake Brereton and Tyler Davis were working together at Atlassian, they noticed that it was often difficult to communicate changes from the development teams to product teams and other internal and external audiences. The company had a couple of big announcements today aro

This is the beginning of the unbundled database era

Thanks to the cloud, the amount of data being generated and stored has exploded in scale and volume. Every aspect of the enterprise is being instrumented for data, so new operations are built based on that data, pushing every company into becoming a data company. One of the most pro

Google expands program to help train the formerly incarcerated

Last April, Google launched Grow with Google Career Readiness for Reentry, a program created in partnership with nonprofits to offer job readiness and digital skills training for formerly incarcerated individuals. As a part of an expansion, Google today announced that it’ll invest just over $

Application security testing platform Code Intelligence raises $12M Series A

Code Intelligence, an automated application security testing platform based in Bonn, Germany, that focuses on fuzzing, announced today that it has raised a $12 million Series A funding round led by Tola Capital. Existing investors LBBW, OCCIDENT, Verve Ventures, HTGF and Thomas Dohmke, the CEO of G

Iterative launches MLEM, an open source tool to simplify ML model deployment

MLOps platform Iterative, which announced a $20 mlion Series A round almost exactly a year ago, today launched MLEM, an open source Git-based machine learning model management and deployment tool. The idea here, the company says, is to bridge the gap between ML engineers and DevOps teams by using t

Hourly.io banks $27M for its new approach to providing workers’ comp and payroll for hourly wage workers

We’ve seen a boom in the last several years around tech built for front-line, service, manual and other workforces typically paid on an hourly wage. In one of the latest developments, Hourly.io — which has built an app that tracks working hours, generates payroll and then calculates and

Coralogix streams $142M into its coffers to expand its production analytics into a full-stack observability platform

We’ve long documented the challenges that DevOps and operations teams in specific areas like security face these days when it comes to data observability: A wide range of services across the landscape of an organization’s network translates into many streams of data that they need to tr

Onramp Funds accelerates e-commerce financing platform with $42M in equity, credit

Onramp Funds, an Austin-based company providing financing to e-commerce sellers, secured $42 million in equity and credit to expand its working capital offering. CEO Eric Youngstrom founded the company in 2020 after a career at multicarrier shipping software company ShippingEasy. One of the problem

Data-sharing platform Vendia raises $30M Series B

Vendia, a blockchain-based platform that makes it easier for businesses to share their code and data with partners across applications, platforms and clouds, today announced that it has raised a $30 million Series B round led by NewView Capital. Neotribe Ventures, Canvas Ventures, Sorenson Capital,

Mintlify taps AI to automatically generate documentation from code

Mintlify, a startup developing software to automate software documentation tasks, today announced that it raised $2.8 million in a seed round led by by Bain Capital Ventures with participation from TwentyTwo Ventures and Quinn Slack, Sourcegraph's co-founder. CEO Han Wang says that the proceeds

Betastore gets $2.5M to solve stockouts, financing challenges for informal retailers in West and Central Africa

About 80% of household retail in sub-Saharan Africa is delivered through informal channels, which perennially face several challenges like stockouts, leading to an instability in earnings and a lack of attractiveness to financiers. These challenges befall millions of microretailers across the conti

Finix goes head-to-head with Stripe

Welcome to The Interchange, a take on this week's fintech news and trends. To get this in your inbox, subscribe here. We've all been keeping up with the recent drama of Stripe vs. Plaid. Rather than rehash all that here, I'll point you to some of our recent articles on the topic and jus