Opkey, an AI-based ERP testing platform, raises $47M
Companies are experimenting with services like ChatGPT to help workers write memos, answer questions, and much more. Yet, one of the clearest signs of how much traction AI is really getting in the world of enterprise IT is how often it figures in the more routine applications that organizations use
Kenyan HR and payroll startup Workpay lands Visa as investor in $5M round
Businesses across Africa face challenges managing payroll, especially in a landscape with different regulations, remote employees, and hybrid workplaces. About 80% of small and medium-sized businesses still use Excel and Google Sheets, as they can't afford or maintain complex payroll systems.&n
Bodies of Autonomy founder Mike Lynch and his daughter recovered from sunken Bayesian yacht
Grim news coming in from Sicily, Italy. Mike Lynch, the U.K. investor and founder of IT company Autonomy, has been identified as one of two bodies recovered from the Bayesian, the yacht that sunk off the coast of Sicily early Monday, according to several reports coming out of the country that cite
Two incident management startups join forces as FireHydrant nabs Blameless
FireHydrant, an NYC incident management startup that launched in 2019, announced on Wednesday that it has acquired Blameless, a former competitor. The companies did not share the purchase price.
Both companies help SREs (site reliability engineers) deal with the daunting job of keeping software an
Grafana Labs raises $270M
Grafana Labs, the open source company that probably powers at least a few operational dashboards in your company, today announced the completion of a primary and secondary transaction worth about $270 million, with the proceeds going to the company and some of its stockholders. The company describe
Cisco employees face a month of silence ahead of second layoff in 2024
After tech giant Cisco announced plans for its second round of layoffs this year, employees tell technewss that they will not know if they are affected for close to a month.
Earlier this month, Reuters reported that Cisco was planning a second round of layoffs this year, after letting go of aroun
How Fabric plans to make advanced cryptography ubiquitous
Fabric Cryptography, a hardware startup by MIT and Stanford dropouts (and married couple) Michael Gao and Tina Ju, wants to make modern cryptographic techniques like zero-knowledge proof (which lets you prove things without giving up exactly what you know) and fully homomorphic encryption (which en
Eppo lands new cash to grow its app, website and AI experimentation business
The AI industry continues to release tons of new models, and companies looking to stay competitive are racing to adopt them for their purposes. In fact, nearly 10% of businesses plan to spend a whopping $25 million this year on AI initiatives, according to tech consulting firm Searce.
But while lo
Mike Lynch, recently acquitted in HP-Autonomy fraud case, is missing after yacht capsized off Sicily (updated)
Update 2: His body has now been identified. Story here.
Update: Authorities have yet to access the inside of the sunken yacht, and Mike Lynch is still classified as missing. Other details have emerged in the interim.
The accident appears to have been caused by a major storm and a
AMD to acquire infrastructure player ZT Systems for $4.9B to amp up its AI ecosystem play
AMD, the chipmaker hot on the heels of Nvidia in the AI race, today announced a big acquisition to boost its position as an “ecosystem” partner for companies building big AI businesses: It is acquiring ZT Systems, which provides compute design and infrastructure for AI, cloud and genera
CodeRabbit raises $16M to bring AI to code reviews
Code reviews — peer reviews of code that help devs improve code quality — are time-consuming. According to one source, 50% of companies spend two to five hours a week on them. Without enough people, code reviews can be overwhelming and take devs away from other important work.
Harjot G
Cockroach Labs shakes up its licensing to force bigger companies to pay
Cockroach Labs, the business and core developer behind the eponymous distributed SQL database known as CockroachDB, is changing its licensing once again — five years after it moved on from an open source model.
The company revealed today that it’s consolidating its self-hosted product unde
Definity raises $4.5M as it looks to transform data application observability
Modern enterprises run on data, but moving this data around and giving it the right shape so it can be used in specific applications remains a complex undertaking. Definity, which is launching out of stealth Wednesday and announcing a $4.5 million seed funding round, wants to give these companies t
EliseAI lands $75M for chatbots that help property managers deal with renters
EliseAI, a company developing a suite of AI-powered property management tools for landlords, has raised $75 million in a Series D round that values the startup at $1 billion.
EliseAI is the brainchild of co-founder and CEO Minna Song, who met the company’s second co-founder, Tony Stoyanov, w