Enterprise

We tend to think of venture capital in tens or hundreds of millions, even billions of dollars, so it’s refreshing to find Evening Fund, a new $2 million micro fund that focuses on small investments between $50,000 and $100,000 as it seeks to help young startups with early funding. The new fun

SAP CEO Christian Klein was appointed co-CEO with Jennifer Morgan in October 2019. He became sole CEO just as the pandemic was hitting full force across the world last April. He was put in charge of a storied company at 39 years old. By October, its stock price was down and revenue projections for

The identity verification space has been heating up for a while and the COVID-19 pandemic has only accelerated demand with more people transacting online. Persona, a startup focused on creating a personalized identity verification experience “for any use case,” aims to differentiate itself in a

Activist investor Starboard Value is clearly fed up with Box and it let the cloud content management vendor know it in no uncertain terms in a letter published yesterday. The firm, which bought a 7.7% stake in Box two years ago, claims the company is underperforming, executing poorly and making bad

It’s widely known that Dell has a debt problem left over from its massive acquisition of EMC in 2016, and it seems to be moving this year to eliminate part of it in multi-billion-dollar chunks. The first step was spinning out VMware as a separate company last month, a move expected to net clo

With an increasing number of enterprise systems, growing teams, a rising proliferation of the web and multiple digital initiatives, companies of all sizes are creating loads of data every day. This data contains excellent business insights and immense opportunities, but it has become impossible for

Conventional wisdom over the last year has suggested that the pandemic has driven companies to the cloud much faster than they ever would have gone without that forcing event, with some suggesting it has compressed years of transformation into months. This quarter’s cloud infrastructure reven

Barely more than eight months after announcing a $37 million funding round, Mux has another $105 million. The Series D was led by Coatue and values the company at more than $1 billion (Mux isn’t disclosing the specific valuation). Existing investors Accel, Andreessen Horowitz and Cobalt also

Why can we see all our bank, credit card and brokerage data on our phones instantaneously in one app, yet walk into a doctor's office blind to our healthcare records, diagnoses and prescriptions? Our health status should be as accessible as our checking account balance. The liberation of financ

IBM today made another acquisition to deepen its reach into providing enterprises with AI-based services to manage their networks and workloads. It announced that it is acquiring Turbonomic, a company that provides tools to manage application performance (specifically resource management), along wi

Taking on Amazon S3 in the cloud storage game would seem to be a fool-hearty proposition, but Wasabi has found a way to build storage cheaply and pass the savings onto customers. Today the Boston-based startup announced a $112 million Series C investment on a $700 million valuation. Fidelity Manage

Cybersecurity nightmares like the SolarWinds hack highlight how malicious hackers continue to exploit vulnerabilities in software and apps to do their dirty work. Today a startup that’s built a platform to help organizations protect themselves from this by running threat detection and respons

DigitalOcean has emailed customers warning of a data breach involving customers’ billing data, technewss has learned. The cloud infrastructure giant told customers in an email on Wednesday, obtained by technewss, that it has “confirmed an unauthorized exposure of details associated wi

Every company wants to maintain that initial spark it had when it was an early-stage startup, but keeping that going as you scale into a public company isn’t always easy. Atlassian is taking a unique approach by opening up product ideas to an internal competition, and actually funding and bui