Jeeves, which is building an all in one expense management platform, for global start-ups, is emerging from stealth today, with $131 million in total funding, including $31 million in equity, and $100 million in debt financing. The $31 million in equity, consists of a new $26 million Series A, and a previously unannounced $5 million seed round. Andreessen Horowitz led the Series A funding. Jeeves claims, that by using its platform, any company can spin up their finance function in minutes, and get access to 30 days of credit on a true corporate card, noncard payment rails, as well as cross-border payments. Customers can also pay back in multiple currencies, reducing foreign transaction fees.
DevOps platform GitLab, acquires Un-Review, a machine learning-based tool, that helps software teams recommend the best reviewers, for when developers want to check in their latest code. GitLab, which is looking to bring more of these machine learning capabilities to its platform, will integrate Un-Review’s capabilities, into its own code review workflow. The two companies did not disclose the price of the acquisition.
Cybersecurity giant, FireEye has agreed to sell its products business, to a consortium led by private equity firm, Symphony Technology Group - STG, for $1.2 billion. The all-cash deal will split FireEye, the maker of network, and email cybersecurity products, from its digital forensics and incident response arm, Mandiant. The move to split the two companies comes almost a decade after FireEye acquired Mandiant. FireEye becomes the latest cybersecurity giant in STG’s portfolio.
Microsoft has acquired firmware security start-up, Re-Firm Labs, to boost its security capabilities for protecting internet of things, and intelligent edge devices. Microsoft declined to disclose the terms of the acquisition. Re-Firm software will allow Microsoft to assess all the code running on the device, and provide a security rating before you connect the device.
Germany-based software company, Celonis, raises $1 billion, from investors to give the company a post-fundraising valuation, of more than $11 billion, extending a record-stretching series of mega funding rounds, by German technology startups. Munich-based Celonis, founded a decade ago, has consistently doubled revenue from year to year, and recently launched its Execution Management System product, that crunches data to tackle problems, and automate decision-making.
Iterative dot AI, an MLOps company, developing data science and AI engineering workflows, raises $20 million. The funding will support the launch of its first commercial product, Data Version Control Studio, a dashboard aimed at simplifying machine learning model development, based on data and metrics.
SignalWire, a software-defined telecom, that uses distributed infrastructure that runs in the cloud, raises $30 million. The company says the funds will be put toward expanding its workforce, and supporting product R and D. The firm offers an elastic cloud network, that lets companies integrate messaging and video capabilities, into their apps or infrastructure.
Logistics start-up, Locus, raises $50 million in Series C funding, led by GIC, and Singapore’s sovereign wealth fund. Locus uses ML, and proprietary algorithms, to offer smart supply chain solutions to customers. The start-up will use the funding to improve its geographical reach, and build its research and development team to expand the product line. Locus had also raised $30 million across multiple rounds, earlier.
San Franciso-based robotic process automation platform ElectroNeek, raises $20 million in Series A funding, led by investment advisory firm, Baring Vostok, with participation from AICPA. This round will help push ElectroNeek's valuation, over $100 million. The start-up will use the funds to expand its engineering, product, and support teams in India, North America, Latin America, Europe, and the Middle East.
Cloud-based browser testing platform LambdaTest, raises Series B funding of $16 million, led by Sequoia Capital India, with participation from Telstra Ventures. The start-up will use the latest funding towards scaling the testing ecosystem, and building next-generation cloud infrastructure for users. It also plans to broaden its reach with the tester community, by engaging with developers with a new suite of products set to launch.
Confluent became the latest company to announce its intent to take the IPO route, officially filing its S-1 paperwork, with the U.S. Securities and Exchange Commission this week. The company, which has raised over $455 million since it launched in 2014, was most recently valued at just over $4.5 billion, when it raised $250 million last April.
X to 10x, an India-based consulting firm and SaaS provider, established by Flipkart co-founder Binny Bansal, has acquired human resources SaaS platform Dockabl. The firm provides technology tools and consulting solutions, to help start-ups scale their business. It counts more than 150 start-ups as clients, including social commerce firm Meesho, fintech unicorn Cred, and online fresh meat seller Licious.
Global aviation software provider Ramco Systems, announces that it will implement its Aviation M and E MRO Software V5.8, to digitally transform the maintenance and engineering operations, of US-based Bristow Group Inc. Bristow Group is one of the world's largest helicopter operators, providing offshore transportation, search and rescue, and aircraft support services to government, and civil organizations worldwide. The implementation of Ramco Aviation Software, will enable Bristow to achieve smart inventory, maintenance management, and streamline organization-wide warranty tracking processes.
View all episodes
By PeopleAtomJeeves, which is building an all in one expense management platform, for global start-ups, is emerging from stealth today, with $131 million in total funding, including $31 million in equity, and $100 million in debt financing. The $31 million in equity, consists of a new $26 million Series A, and a previously unannounced $5 million seed round. Andreessen Horowitz led the Series A funding. Jeeves claims, that by using its platform, any company can spin up their finance function in minutes, and get access to 30 days of credit on a true corporate card, noncard payment rails, as well as cross-border payments. Customers can also pay back in multiple currencies, reducing foreign transaction fees.
DevOps platform GitLab, acquires Un-Review, a machine learning-based tool, that helps software teams recommend the best reviewers, for when developers want to check in their latest code. GitLab, which is looking to bring more of these machine learning capabilities to its platform, will integrate Un-Review’s capabilities, into its own code review workflow. The two companies did not disclose the price of the acquisition.
Cybersecurity giant, FireEye has agreed to sell its products business, to a consortium led by private equity firm, Symphony Technology Group - STG, for $1.2 billion. The all-cash deal will split FireEye, the maker of network, and email cybersecurity products, from its digital forensics and incident response arm, Mandiant. The move to split the two companies comes almost a decade after FireEye acquired Mandiant. FireEye becomes the latest cybersecurity giant in STG’s portfolio.
Microsoft has acquired firmware security start-up, Re-Firm Labs, to boost its security capabilities for protecting internet of things, and intelligent edge devices. Microsoft declined to disclose the terms of the acquisition. Re-Firm software will allow Microsoft to assess all the code running on the device, and provide a security rating before you connect the device.
Germany-based software company, Celonis, raises $1 billion, from investors to give the company a post-fundraising valuation, of more than $11 billion, extending a record-stretching series of mega funding rounds, by German technology startups. Munich-based Celonis, founded a decade ago, has consistently doubled revenue from year to year, and recently launched its Execution Management System product, that crunches data to tackle problems, and automate decision-making.
Iterative dot AI, an MLOps company, developing data science and AI engineering workflows, raises $20 million. The funding will support the launch of its first commercial product, Data Version Control Studio, a dashboard aimed at simplifying machine learning model development, based on data and metrics.
SignalWire, a software-defined telecom, that uses distributed infrastructure that runs in the cloud, raises $30 million. The company says the funds will be put toward expanding its workforce, and supporting product R and D. The firm offers an elastic cloud network, that lets companies integrate messaging and video capabilities, into their apps or infrastructure.
Logistics start-up, Locus, raises $50 million in Series C funding, led by GIC, and Singapore’s sovereign wealth fund. Locus uses ML, and proprietary algorithms, to offer smart supply chain solutions to customers. The start-up will use the funding to improve its geographical reach, and build its research and development team to expand the product line. Locus had also raised $30 million across multiple rounds, earlier.
San Franciso-based robotic process automation platform ElectroNeek, raises $20 million in Series A funding, led by investment advisory firm, Baring Vostok, with participation from AICPA. This round will help push ElectroNeek's valuation, over $100 million. The start-up will use the funds to expand its engineering, product, and support teams in India, North America, Latin America, Europe, and the Middle East.
Cloud-based browser testing platform LambdaTest, raises Series B funding of $16 million, led by Sequoia Capital India, with participation from Telstra Ventures. The start-up will use the latest funding towards scaling the testing ecosystem, and building next-generation cloud infrastructure for users. It also plans to broaden its reach with the tester community, by engaging with developers with a new suite of products set to launch.
Confluent became the latest company to announce its intent to take the IPO route, officially filing its S-1 paperwork, with the U.S. Securities and Exchange Commission this week. The company, which has raised over $455 million since it launched in 2014, was most recently valued at just over $4.5 billion, when it raised $250 million last April.
X to 10x, an India-based consulting firm and SaaS provider, established by Flipkart co-founder Binny Bansal, has acquired human resources SaaS platform Dockabl. The firm provides technology tools and consulting solutions, to help start-ups scale their business. It counts more than 150 start-ups as clients, including social commerce firm Meesho, fintech unicorn Cred, and online fresh meat seller Licious.
Global aviation software provider Ramco Systems, announces that it will implement its Aviation M and E MRO Software V5.8, to digitally transform the maintenance and engineering operations, of US-based Bristow Group Inc. Bristow Group is one of the world's largest helicopter operators, providing offshore transportation, search and rescue, and aircraft support services to government, and civil organizations worldwide. The implementation of Ramco Aviation Software, will enable Bristow to achieve smart inventory, maintenance management, and streamline organization-wide warranty tracking processes.