Tembo capitalizes on the database boom and lands new cash to expand
As the demand for AI grows, so, too, does the demand for expertise in maintaining databases — a critical part in any AI pipeline. Databases store the information used to train, run and fine-tune AI systems, and it’s been shown that good data management can smooth the pathway to AI adoption
You could learn a lot from a CIO with a $17B IT budget
Lori Beer, global CIO at JPMorgan Chase, oversees a massive IT operation that’s bigger than many companies. It involves a 63,000-person team worldwide and a $17 billion yearly budget (at last count), which was about 10% of JPMorgan's overall revenue last year. It’s moving $10 trilli
ServiceNow’s generative AI solutions are taking advantage of the data on its own platform
If data is truly the fuel for generative AI, and one of the keys to a successful implementation is access to data meaningful to running the business, it would seem that certain SaaS vendors have a built-in advantage where the data is concerned. Executing is another matter, but if the data is there,
Orby is building AI agents for the enterprise
AI “agents” are generative AI models that can perform actions autonomously, like copying info from an email and pasting it into a spreadsheet, and have been hailed as productivity superchargers. That might be a bit premature, given models’ tendency to make mistakes. But at least a
Data lakehouse Onehouse nabs $35M to capitalize on GenAI revolution
You can barely go an hour these days without reading about generative AI. While we are still in the embryonic phase of what some have dubbed the “steam engine” of the fourth industrial revolution, there’s little doubt that “GenAI” is shaping up to transform just about
Retool expands its low-code platform for creating internal apps to support external apps, too
Since launching in 2017, Retool has made a name for itself as one of the premier low-code tools for building browser-based internal line-of-business applications. The well-funded startup’s service is now used at thousands of companies, including Amazon, OpenAI, Pinterest, Plaid, Snowflake, Ta
CData, which helps orgs use data across apps and build AI models, snaps up $350M
Artificial intelligence startups continue to dominate the headlines with immense venture capital rounds, but there’s enough opportunity out there for companies building tools that make it easier to work with data-heavy applications like AI. That’s especially true for organizations that
Fetcherr lands $90M to get airlines on board with dynamic pricing
The airline industry is headed for record revenue this year — $996 billion — as the demand for travel soars. But the margins remain razor-thin. According to the trade association IATA, total expenses for airlines are projected to reach $936 billion, with earnings coming out to around $6.14 per
Stability AI lands a lifeline from Sean Parker, Greycroft
Stability AI, the beleaguered generative AI startup behind Stable Diffusion, has raised new cash. But it won’t reveal how much.
Greycroft, Coatue Management, Sound Ventures, Lightspeed Venture Partners, O'Shaughnessy Ventures and angel investors Prem Akkaraju, ex-Google CEO Eric Schmidt,
Payabli is building payment management tools for software startups
Joseph Phillips and William Corbera, both of whom come from entrepreneurial backgrounds, have been friends for over a decade.
Corbera co-founded RevoPay, a payments processing platform that was acquired by payments solutions firm OSG in 2022. Phillips, for his part, led the national sales team at
Coder nabs new funds to move dev environments to the cloud
Devs often rely on local environments — i.e. their laptops — to write, build and test code before shipping it to a cloud service to integrate and deploy it. There’s nothing wrong with that approach. But local development can introduce challenges, like conflicts between dev environments an
Etched is building an AI chip that only runs one type of model
As generative AI touches a growing number of industries, the companies producing chips to run the models are benefiting enormously. Nvidia, in particular, wields massive influence, commanding an estimated 70% to 95% of the market for AI chips. Cloud providers from Meta to Microsoft are spending bil
EU accuses Microsoft of competition breach over Teams bundling
The European Union accused Microsoft of breaching competition rules Tuesday. In a formal statement of objections, the bloc said it suspects the software giant of abusing antitrust rules by bundling its real-time comms and collaboration tool, Teams, with popular productivity apps, including its clou
Rocketlane snags $24M to bring AI-led experiences for professional services teams
SaaS startup Rocketlane, which serves professional services teams in countries including the U.S., India and Europe with its automation platform, has raised $24 million in a fresh investment. It plans to deploy AI to help enterprises better understand customer feedback.
Professional services teams