The 14 biggest take-private PE acquisitions so far this year in tech
"">The private equity realm has been pretty active so far in 2024, serving as a powerful “alternative” source of liquidity for technology startups and scale-ups in search of an exit. In August, technewss reported that EQT had picked up a majority stake in cybersecurity firm Acronis at a
Subscription management firm Zuora agrees to be acquired for $1.7B
Zuora, a company selling software to help businesses manage their subscription-based services, has agreed to be acquired by private equity firms GIC and Silver Lake for $1.7 billion.
The all-cash deal is expected to close in Q1 2025, subject to approvals and customary closing conditions. It’
Permira completes Squarespace acquisition after upping bid to $7.2B
Website builder Squarespace is no longer a publicly traded company, after private equity firm Permira procured all remaining common stock in the firm.
Permira first revealed plans to acquire Squarespace back in May, offering shareholders in the NYSE-traded company $44 per share — this equate
Cyera acquires Trail Security for $162M; Cyera is now raising at a $3B valuation
Cyera, the Israel-founded, U.S.-based cybersecurity unicorn that uses artificial intelligence to build what's known as data security posture management — a full assessment and picture of where a customers' data has been created, where it is stored, and how it is used — has been on a gro
Long careers in luxury fashion led to a $17M raise for this supply chain platform
The retail sector needs inventory planning to maintain margins and meet demand. This is getting harder because there are now many distribution channels, more complex supply chains, and shorter sales cycles. Mid-market retailers and premium brands have less firepower than the retail giants and tend
Support automation firm Capacity grows with new cash and acquisitions
David Karandish has been busy.
Capacity, his support automation company, was planning a $5 million “bridge round” to help the company reach the break-even point. But TVC Capital, Toloka.vc, and the venture’s other backers had something grander in mind. So they threw in an additio
Keep’s AIOps platform helps ops teams reduce alert fatigue
Alert management for developers and ops teams may seem like a solved problem. Notifying an on-call engineer isn’t exactly difficult anymore, after all. But the real question has become when to alert the right person and how to help them when a service goes down, for example. Many are turning
Amplitude buys Command AI to bolster its app engagement offerings
Amplitude, a publicly traded company that makes digital analytics software, has acquired Command AI, an app user engagement startup formerly known as CommandBar.
Most of Command AI’s 30-person, San Francisco-based team will be joining Amplitude. Command AI’s co-founder and CEO James Ev
Early automates code testing for developers
Early is a Tel Aviv-based startup that uses generative AI to generate unit tests, helping programmers catch potential bugs early in the development cycle. The company, which launched in August, today announced that it has raised a $5 million seed funding round led by Zeev Ventures, with participati
Xscape is building multicolor lasers to connect chips within data centers
The GPUs and other chips used to train AI communicate with each other inside data centers through “interconnects.” But those interconnects have limited bandwidth, which limits AI training performance. A 2022 survey found that AI developers typically struggle to use more than 25% of a GP
Port hosts internal tool hubs for devs
Port, a platform designed to centralize multiple dev tools and workflows in a single dashboard, has raised $35 million in a Series B led by Accel with participation from Bessemer Venture Partners.
Yonatan Boguslavski and Zohar Einy, now Port’s CEO, founded the company in 2022 after serving t
Concourse is building AI to automate financial tasks
In a typical organization, finance is one of the most important functions. Yet teams are often bogged down by manual workflows. According to a survey by Paylocity, an HR software provider, 38% of finance teams spend more than a fourth of their time on manual jobs, like reviewing invoices.
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Omnea raises $25M to tackle the painfully annoying procurement market
Procurement — the process of requesting, vetting, and eventually buying IT and other supplies in an organization — is typically one of the more frustrating, dry, yet inevitable aspects of a workplace.
When you are in need of a new app or device, or when you need to renew an existing contract
How do you solve a problem like MariaDB? Cozy up to the community, says new CEO
The new CEO of MariaDB (Plc) says he wants closer-knit collaboration with the foundation behind the eponymous open source database project. He cites the corporation’s newfound stability from its recent acquisition by a private equity firm as to why it should now be able to get on a firmer foo