Kleiner Perkins starts 50th year with $1.8B in two new funds

Kleiner Perkins, one of Silicon Valley's legacy venture capital firms, is kicking off 2022 right by celebrating five decades in business and $1.8 billion in funds raised for two new funds — KP20 and Select2. KP20 is an $800 million venture fund focused on early-stage investments in enterprise

EduMe raises $20M to scale its corporate learning platform targeting gig workers and other ‘deskless’ employees

“Deskless” workers have become a big focus for tech companies looking for new opportunities in the B2B market, and today a startup targeting this segment with e-learning tools is announcing a round of funding to fuel its own growth. EduMe, a London startup that provides online corporate

MOSTLY AI raises $25 million to further commercialize synthetic data in Europe and the US

Austrian synthetic data startup MOSTLY AI today announced that it has raised a $25 million Series B round. British VC firm Molten Ventures led the operation, with participation from new investor Citi Ventures. Two existing investors also returned: Munich-based 42CAP, and Berlin-based Earlybird, whi

Parrot, a tool for digitizing Mexico's restaurants, takes in $9.5M

The global pandemic threw a wrench in the plans of restaurants all over the world two years ago when diners stayed home, causing many eateries to shift their business to pickup or delivery. Roberto Cebrián and David Villarreal both had experience working with restaurants in Mexico and recognized t

IBM reportedly shopping Watson Health just as healthcare gets hot

IBM could be looking to sell the Watson Health division for a mere $1 billion, according to an Axios report. The question is why is IBM running away from the healthcare vertical just as it seems to be heating up, and for such a low price? Just last month, Oracle spent $28 billion to buy digital hea

Amazon expands its Sidewalk IoT network with an enterprise-grade bridge

Back in 2019, Amazon first announced its Sidewalk network, a new low-bandwidth, long-distance wireless protocol and network for connecting smart devices — and keeping them online when your own Wi-Fi network, for example, goes down, by piggybacking on your neighbor’s network. Since last

LinkedIn is launching interactive, Clubhouse-style audio events this month in beta; a video version will come this spring

LinkedIn, now with more than 800 million people listing their professional profiles to build out their careers, is taking its next steps to get them to spend more time on the platform. The company is rolling out a new events platform, where it will be listing, hosting and marketing interactive, vir

Verb Data puts $3M to work so companies can build better in-product dashboards

Nine months after its public launch, Verb Data, a customer-facing analytics company, took in $3 million in funding to continue developing technology so that SaaS companies can build better in-product dashboards for their customers. Founders Dave Hurt and Oleg Fridman started the Boston-based compan

Canada’s Assent Compliance lands $350M from Vista Equity for supply chain data management

Never before has the importance of a smooth-flowing supply chain been as clear as it has been in the COVID-19 pandemic era. For manufacturers in particular, managing intricate supply chains can be particularly challenging. Enter Assent Compliance — a Canadian company focused on supply chain s

Formant is solving the robotic Tower of Babel with a unified platform

If you’re building a SaaS company or a web app, you’re not going to roll your own analytics solution — it’s specialized work with lots of edge cases, rabbit holes and, for most companies, it’s so far removed from the core platform, that it just doesn’t make sense

Xage snags $30M Series B to help secure critical infrastructure

Xage (pronounced Zage) is a startup working to keep critical infrastructure like oil and gas pipelines, water supplies and electrical grids up and running securely. Today, the company announced a $30 million Series B. Piva led the round with participation from Momenta, Valor Equity Partners and Our

Meez keeps recipes in one place so chefs can continue whipping up culinary delights

Meez, a company creating professional recipe software and a culinary operating system, brought in its first-ever funding round of $6.5 million to continue developing its tools to help chefs manage their recipes. Josh Sharkey, CEO of Meez. Image Credits: Evan Sung CEO Josh Sharkey, a chef himself fo

BlackBerry phones once ruled the world, then the world changed

It’s easy to forget now in the age of Apple and Android, but at one time, BlackBerry owned the business smartphone market. You could have your Motorolas and your Nokias and your Samsungs, but for business, BlackBerry was it. Stalwart. Secure. Functional. As technewss reported this morning, B

3 views: Pay attention to these startup theses in 2022

In retrospect, the rise of software as a service (SaaS) is obvious. But for years, the idea that software would not only be hosted by providers instead of purchased by customers, and rented, instead of owned outright, was far from anyone’s mind. SaaS has cemented its place in the epicenter of