Jared Spataro, corporate vice president for Microsoft 365, talks about Microsoft’s move to a cloud-centric model.
Investor consortium to acquire McAfee for $14B
The long and winding history of cybersecurity software company McAfee took another interesting twist today when an investor consortium consisting of six investment firms announced that they were purchasing the company for $14 billion. That purchase amount is based on a stock price of $26 per share, which the company said represented a 22.6% premium […]
One woman’s mission to build a network of female and non-binary angel investors
Angel investing has traditionally been mostly open to men, who travel in certain circles and have access to certain networks, but Amanda Robson, a principal at Cowboy Ventures, is attempting to change that by building an informal network of women and non-binary folks who have the means to write checks, but for whatever reason have […]
Cloud infrastructure market hits $180B run rate in Q3, as even chip shortages can’t slow it down
The Big Three cloud infrastructure vendors — Amazon, Microsoft and Google — all reported earnings this week. As you might expect, they did just fine with a growing market that passed $45 billion worldwide, good for a mind-boggling $180 billion run rate and trailing 12 month revenue of $164 billion. Revenue grew 37% overall in […]
Abacus.ai snags $50M Series C as it expands into computer vision use cases
Abacus.ai wants to build an AI platform that simplifies machine learning model creation, while still leaving room for power users. Today the company announced a $50 million Series C. At the same time, it announced that the platform was expanding to include computer vision use cases. Tiger Global led the round with participation from Coatue, […]
Learn what happens after you sell your startup at TC Sessions: SaaS on Wednesday
Seems like the goal of every startup is to exit via IPO, and if you can’t do that, by way of acquisition. In many cases, a sale gives a founder the opportunity to pay back investors and reward long-time employees, but what happens after the ink dries on the contract, and the reality of being […]
We’ll be discussing why it’s automation’s moment at TC Sessions: SaaS on Oct. 27th
This year automation hit center stage when robotic process automation (RPA) vendor UiPath went public after raising $2 billion in private investment. Investors who had been a part of that were richly rewarded when it closed above its private valuation. At the same time, established companies like ServiceNow, Microsoft, IBM and others were seeing the […]
Red Hat continues to grow, but IBM’s struggles continue
IBM has been in the midst of a strategy shift with a focus on hybrid cloud and AI since Arvind Krishna was promoted to CEO in last year. Red Hat, the software company it purchased for $34 billion in 2018 has been at the center of it all. With the company reporting earnings yesterday, the […]
Plaid overhauls Plaid Link SDK with simplicity in mind
Since 2015, Plaid has helped developers connect users to banking information using an SDK (software development kit) called Plaid Link. As Plaid describes it in its SDK documentation, “The Plaid Link SDK is a quick and secure way to link bank accounts to Plaid in your … app.” Up until recently, the catch was that […]
EngFlow raises $3.7M seed to speed up compiling of large code projects
Over the years, applications have gotten bigger and bigger. Even a small company could be dealing with large libraries of open source code, making it time-consuming to pull the various pieces of a project together, package them up and compile them into a single program. This often creates a bottleneck for developers. EngFlow, an early […]