Enterprise
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Cisco-AppDynamics $3.7 billion deal all about the data
When Cisco bought AppDynamics last night for $3.7 billion, it was initially a bit of a shocker, partly because of the timing, just days before the startup was scheduled to IPO. While the acquisition was clearly part of a longer term strategy by Cisco to shift focus from its hardware business to one based more on cloud software, at its core, the deal was a pure data play. Data has taken… Read More
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Blackboard cofounder Michael Chasen takes CEO reins at PrecisionHawk
Commercial drone tech venture PrecisionHawk has a new CEO—again. Red Hat Inc. cofounder Bob Young, who has served as PrecisionHawk’s CEO since July 2015, is handing over the reins to another veteran of enterprise software, Michael Chasen, a cofounder and former CEO of education tech giant Blackboard Inc. Verizon Ventures, an investment arm of TechCrunch’s parent company… Read More
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Why the $3.7 billion AppDynamics acquisition happened right before IPO
Applications management company AppDynamics was just wrapping up the final touches on its initial public offering when it learned that Cisco was interested in discussing a potential deal. Preliminary talks were abandoned in November, but the discussion just picked up again last week. The deal was announced today and the IPO was slated to price tomorrow. Although many companies seek… Read More
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Cisco snaps up AppDynamics for $3.7B right before its IPO
Cisco said today that it would acquire AppDynamics, which helps companies monitor application performance, for a whopping $3.7 billion. And now, it would seem that AppDynamics’ long-awaited IPO (this week!) has been called off in favor of a giant acquisition. It isn’t Cisco’s first major acquisition in recent memory — in fact, the company has been quite active —… Read More
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D-Wave ups its quantum annealing game to 2000 qubits
Universal quantum computers don’t exist, but that hasn’t stopped D-Wave from carving out its own place in the quantum computing market. Today, the 17-year-old company is announcing its forth quantum chip, the 2000Q, doubling the number of qubits on its exiting 1000Q chip. The Burnaby, British Columbia based company’s chips fall under a specific class of quantum… Read More
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Box unveils an overhauled Box Notes productivity platform
Box Notes, a productivity tool at Box, is announcing updated functionality and a new design. The platform, which Box says is used by nearly 40% Fortune 500 companies, will now let users view and edit all notes within a single browser, without having to leave Box Notes to search folders. They will also be introducing desktop apps, to make it easier to access Box Notes on both Mac and PC,… Read More
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TripActions raises $14.6 million for its corporate travel booking tool
Corporations could be a lot more efficient with their travel spend, believes booking platform TripActions. Today, the company is announcing $14.6 million in funding from Zeev Ventures and Lightspeed Venture Partners to fulfill that mission. Based on the idea that people spend more money when it’s on their company’s dime, the startup offers employees rewards for staying under a… Read More
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Secret Double Octopus nabs $6M for a stronger, easier alternative to regular 2FA
Israel is home to around 450 active startups in the field of cybersecurity, according to a recent report in Reuters. Now, the one with perhaps the most distinctive name of them all is announcing some funding for a novel approach to authentication. Secret Double Octopus — which borrows a concept from the world of nuclear launch codes to build extra-secure, but simple, keyless… Read More
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EquipmentShare, the Airbnb of construction, raises $26 million
It hasn’t even been a year since EquipmentShare raised a Series A round of funding, but the “Airbnb of construction rentals,” has closed a $26 million Series B round. The Columbia, Missouri-based startup helps contractors rent out their under-utilized equipment, or rent safety tested equipment that they need from a fellow contractor. Last year, EquipmentShare also launched… Read More
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Microsoft Ventures backs Illusive Networks, a cybersecurity firm that protects with deception
Illusive Networks, a cybersecurity startup based out of Israel that protects networks by building “deception” frameworks to identify and trap malicious hackers, is today announcing that it has added Microsoft Ventures — the software giant’s young investment arm — as its newest strategic investor. In keeping with the its name and purpose in this world, Illusive… Read More
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