Crate.io raises $10M to grow its database platform

Crate IO

Crate.io, a startup developing a database platform called CrateDB, today announced that it raised $10 million in additional funding (including $2 million in debt) from Draper Esprit, Vito Ventures, and individual investors. CEO Eva Schönleitner says that the proceeds, which bring the company’s total raised to $31 million, will be put toward expanding Crate.io’s sales teams, the CrateDB ecosystem’s functionality and partner integrations, and the open source developer community around CrateDB.

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80% of tech could be built outside IT by 2024, thanks to low-code tools

Man typing on a keyboard

It looks like no-code and low-code tools are here to stay. Today, Gartner released new predictions about technology products and services, specifically who will build them and the impact of AI and the pandemic. The research firm found that by 2024, 80% of tech products and services will be built by people who are not technology professionals. Gartner also expects to see more high-profile announcements of technology launches from nontech companies over the next year.

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Lack of AI implementation may have cost enterprises $4.26T, Signal AI finds

State of decisions 2021 infographic

Signal AI, which offers a decision augmentation platform infused with AI, interviewed 1,000 C-suite executives in the U.S. for the study. The report found 85% of respondents estimate upwards of $4.26 trillion in revenue is being lost because organizations lack access to AI technologies to make better decisions faster.

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Slintel scores $20M Series A as buyer intelligence tool gains traction

Globe infographic

One clear outcome of the pandemic was pushing more people to do their shopping online, and that was as true for B2B as it was for B2C. Knowing which of your B2B customers are most likely to convert puts any sales team ahead of the game. Slintel, a startup providing that kind of data, announced a $20 million Series A today.

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Data flow automation engine Prefect raises $32M

Prefect

Prefect, which was founded in 2018, offers a platform that can build, run, and monitor up to millions of data workflows and pipelines. The company’s hybrid execution model keeps code and data private while taking advantage of a managed orchestration service. Customers can use Prefect for scheduling, error handling, data serialization, and parameterization, leveraging a Python framework to combine tasks into workflows and then deploy and monitor their execution through a dashboard or API.

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Osome raises $16M to automate repetitive accounting tasks

Osome

AI-powered accounting platform Osome today announced that it raised $16 million in a series A funding round. The company plans to put the proceeds, which bring its total raised to over $24 million, toward expanding its footprint internationally and building new product integrations.

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Virtual Writing Assistant startup Compose.ai Raises $2.1M

Compose AI

Compose.ai has closed a $2.1 million seed funding round led by Craft Ventures to continue developing a universal auto-complete run with artificial intelligence. The startup currently offers a free Chrome extension (with a waitlist of more than 7,000 people) that handles auto-complete tasks in any text box the browser reaches and improves how well it can anticipate a user with practice.

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People analytics startup ChartHop raises $35M

Charthop

ChartHop, a self-styled people analytics startup, today announced that it raised $35 million in a series B funding round led by Andreessen Horowitz. The capital brings the company’s total raised to over $54 million to date, and CEO Ian White says that it’ll be used to fund expansion through product enhancements, investments in service and support, and go-to-market efforts.

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Whatfix nabs $90M to help workers onboard and get the most out of their IT stacks

Whatfix

“Digital transformation” has been on the mind of many an organization in the last year: the pandemic and the shift it’s brought to how we work are speeding up investments in new apps, infrastructure and work practices to improve productivity regardless of where we sit all day. Now, it looks like we’re on to the next stage of that journey: actually figuring out how to adopt and run with all that new tech.

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Bain and Crosspoint Capital acquire ExtraHop in $900M deal

Extrahop

Bain Capital Private Equity and Crosspoint Capital Partners today announced that they’ve entered into a definitive agreement to acquire ExtraHop, a network detection and response (NDR) provider headquartered in Seattle, Washington. As a part of the strategic transaction, which is valued at $900 million, ExtraHop CEO Arif Kareem and cofounders CTO Jesse Rothstein and CCO Raja Mukerji will continue in their respective roles and Rothstein and Mukerji will remain “significant” investors in the company.

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IBM partners with U.K. on $300M quantum computing research initiative

IBM -UK partnership

The U.K. government and IBM this week announced a five-year £210 million ($297.5 million) artificial intelligence (AI) and quantum computing collaboration, in the hopes of making new discoveries and developing sustainable technologies in fields ranging from life sciences to manufacturing.

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Gong going gangbusters, grabs $250M Series E on $7.25B valuation

Gong

Gong, the revenue intelligence startup, has been raising capital at a rapid pace, and today the company announced another $250 million on a $7.25 billion valuation, a number that triples its previous valuation from last summer. Franklin Templeton led today’s festivities with participation from Coatue, Salesforce Ventures, Sequoia, Thrive Capital and Tiger Global. The company raised $200 million last August at a $2.2 billion valuation, and has now raised $584 million, $450 million coming in the last year.

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Cognigy raises $44M to scale its enterprise-focused conversational AI platform

Cognigy AI

Cognigy, which provides a low-code conversational AI platformthat notably can be used flexibly across a range of applications and geographies — it supports 120 languages; it can be used in external or internal service applications; it can support voice services but also chatbots; it provides real-time assistance for human agents and usage analytics or fully-automated responses; it can integrate with standard call center software, and also with RPA packages; and it can be run in the cloud or on-premise — has closed a round of $44 million, funding that it will be using to continue scaling its business internationally.

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Intel’s image-enhancing AI is a step forward for photorealistic game engines

Intel image enhancing AI

Intel recently unveiled a deep learning system that turns 3D rendered graphics into photorealistic images. Tested on Grand Theft Auto 5, the neural network showed impressive results. The game’s developers have already done a great job of recreating Los Angeles and southern California in detail. But with Intel’s new machine learning system, the graphics turn from high-quality synthetic 3D to real-life depictions (with very minor glitches).

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SugarCRM sweetens predictive AI engine for marketing automation

Customer market automation

SugarCRM tweaked its SugarPredict AI engine this month to help marketing teams with automated, predictive lead scoring. The cloud-based marketing automation software, first released as a sales tool for customer relationship management (CRM), now also facilitates “rapid and reliable marketing lead qualification and prioritization.

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Blue Prism 7 shifts focus from RPA to programmable digital workers

Blueprism

Blue Prism, a pioneer provider of automation tools, announced a major overhaul last week as part of Blue Prism Version 7, which supports a new digital worker architecture and deeper cloud integration. This move highlights the company’s transition beyond robotic process automation (RPA) into the anticipated larger market for intelligent process automation tools.

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