Why Monday.com decided to build its new database instead of buying one

Monday.com launched more than a decade ago looking to help companies build a highly flexible set of business tools like CRM, marketing, operations and HR, built in customized ways you simply couldn't find out of the box. It learned that companies not only liked that flexibility, but they also p

Tofu automates content creation for massive omnichannel B2B marketing campaigns

Creating the many types of content needed for large-scale B2B campaigns often results in marketers juggling dozens of tools. This makes it difficult to ensure cohesive messaging across their emails, landing pages and other materials, say the founders of Tofu. The startup wants to solve that problem

Sidebar thinks the key to career dev is small peer groups

Sidebar, a company developing a group coaching program focused on driving individual career growth, today announced that it raised $13.55 million in a seed round from investors including Foundation Capital, Scribble Ventures and Pinterest co-founder Evan Sharp. Former Facebook product manager Lexy

From zero to Employment Hero

In a startup world where down rounds prevail and much beyond low-million Series A raises are practically (but not totally) unheard of, those rare megabuck funding rounds stand out just that little bit more today than they did even a year ago. With that in mind, Employment Hero, an Australia-based

Was Loom's $975M exit a fair price?

When Atlassian announced last week its intent to acquire video messaging app Loom for $975 million, it would have been easy to think that the former unicorn was undervalued. But comparing 2021 valuations to the reality of 2023, when the dynamics between investors and their portfolio companies have

Microsoft launches Radius, an open source application platform for the cloud-native era

Microsoft today announced the launch of Radius, a new open source, language-agnostic application platform for building and running cloud-native applications. The project is being spun out of the Microsoft Azure Incubation team, the same group that previously launched open source projects like Dapr

Meet two open source challengers to OpenAI’s ‘multimodal’ GPT-4V

OpenAI’s GPT-4V is being hailed as the next big thing in AI: a “multimodal” model that can understand both text and images. This has obvious utility, which is why a pair of open source projects have released similar models — but there’s also a dark side that they may have

Statement, a cash flow management platform for enterprises, raises $12M

Statement, a startup developing a platform for enterprise cash flow management, today announced that it raised $12 million in seed funding. Glilot Capital Partners contributed to the tranche with participation from Citi, Mensch Capital Partners, Titan Capital and Operator Partners. Co-founder and C

Procurify lands fresh cash to invest in AI-powered tools for procurement

Roughly eight years ago, a little-known startup called Procurify raised $4 million for its platform that hosts tools to take some of the pain out of enterprise procurement. The company never became buzzy, exactly. But Procurify grew steadily over the subsequent years, going on to raise $20 million

Observability startup Pantomath lands $14M to automate data pipelines

Cincinnati, Ohio-based Pantomath, a data observability and traceability platform, today announced it raised $14 million in a Series A round led by Sierra Ventures with participation from Bowery Capital and Epic Ventures. The new capital will be put toward expanding Pantomath’s platform and wo

From concept to patent: 4 key steps for AI entrepreneurs

In 2006, Research in Motion, the maker of the once-ubiquitous BlackBerry device, had to pay $612.5 million to a patent holding company, NTP. Also known as “patent trolls,” these are people or companies that register patents with the sole purpose of being the patent holder, even though t

Atlassian to acquire former unicorn Loom for $975M

Atlassian announced this morning that it is acquiring video messaging service Loom for $975 million, the same company that had a $1.53 billion valuation in May 2021 when it announced a $130 million Series C. That was when companies were still thinking about all work being cloud-based and the future

Deasie wants to rank and filter data to make generative AI more reliable

Deasie, a startup developing tools to give companies greater control over text-generating AI models, today announced that it raised $2.9 million in a seed funding round with participation from Y Combinator, General Catalyst, RTP Global, Rebel Fund and J12 Ventures. Deasie’s founders, Reece Gr

India’s CtrlS says it will invest $2B to expand datacenter business

CtrlS Datacenters, the India-headquartered data center giant, said Thursday it plans to invest $2 billion over the next six years to scale its operations and expand business, as the demand for data processing and cloud storage surges across major markets.  The Hyderabad-based company said it will