SaaStr

By Jason M. Lemkin | The web's leading community for SaaS founders and execs

SoftBank Fund Is Said to Seek Investment in Chinese AI Giant

SoftBank Vision Fund is seeking to invest almost $1 billion in China’s SenseTime Group Ltd. as it seeks a stake in the world’s most valuable …

Artificial Intelligence

Google, Facebook, Microsoft, and Twitter partner for ambitious new data project

An open-source collaboration for ‘the future of portability’<p>Today, Google, Facebook, Microsoft, and Twitter joined to announce a new standards initiative called the Data Transfer Project, designed as a new way to move data between platforms. In a blog post, Google described the project as letting …

Online Privacy

Salesforce Wants to Take the Health Insurance Industry to the Cloud

The latest offering follows a template that has worked well in the past.<p>Enterprise software company <b>Salesforce</b> (NYSE:CRM) recently announced the …

Insurance Industry

2 Days, 2,500 Attendees, 150% More Fun!

The SaaStr events team is heads down on the SaaStr Annual in the SF Bay Area Feb 5-7.<p>But SaaStr Europa was such a hit we’re already deep in planning …

Amazing

Fortnite creator Epic Games goes all-in on AWS

Epic Games, the creator of global game sensation Fortnite, has chosen to go ‘all-in’ on AWS to power its infrastructure.<p>The video game and software …

Cloud Computing

LiveRamp is one of Silicon Valley's most undervalued companies—and insiders think there could be a 'food fight' by potential acquirers

Three week ago, employees at ad tech firm LiveRamp officially learned that they would be parting ways with more than 2,000 colleagues they worked alongside under the umbrella of parent company Acxiom.<p>Acxiom had announced the sale of its marketing solutions business to Interpublic Group for $2.3 …

Market Cap

Why Some New Mega-funds May Make Sense

It’s a busy moment for new funds. As <i>Crunchbase News</i> has reported, VC shops like Scale Venture Partners, Index Ventures, and Lightspeed Venture …

Venture Capital

Square Stock A Buy On Growing Merchant Ecosystem, Says Analyst

<b>Square</b> (SQ) can expand its customer base from micro-merchants to larger businesses, says an analyst who on Thursday upgraded the digital payment …

Morgan Stanley

Report: Why Amazon crashed on Prime Day and how it responded

We may have answers as to why Amazon experienced glitches on Prime Day on Monday.<p>The e-commerce giant didn't have enough servers to handle all the traffic on its site during one of its biggest sales days of the year, according to internal documents obtained by CNBC. That led the company to launch a …

Cloud Computing

10 Giveaways That Show Investors You're an Amateur

You bring "weird" people to the pitch meetings.<p><i>What tells a VC that you are an amateur? originally appeared on Quora - the place to gain and share knowledge, empowering people to learn from others and better understand the world.</i><p><b>Answer by Jason M. Lemkin, CEO/co-founder of EchoSign, on Quora:</b><p>Being …

Selling

Microsoft’s Revenue Gets Lift From Cloud

Software giant exceeds $100 billion in annual revenue for first time<p>Microsoft Corp. topped $100 billion in annual revenue for the first time as the software giant remakes itself from a legacy software provider into a power player in cloud computing.<p>Much of that growth has come from persuading …

Enterprise Tech

Culture Amp raises $54m from Blackbird, Hostplus and Atlassian co-founders

Employee engagement tech start-up Culture Amp has raised $US40 million ($54.4 million) in one of the biggest capital raises of the year for a local …

Startups

So You're A European, B2B Startup Hoping To 'Hop The Pond' And Grow? Here's How

Some of the most prominent—and valuable—European technology companies right now are consumer-tech names: Think of Skype, Spotify, Supercell, Yandex and iZettle. China’s Tencent bought a majority stake in Finnish mobile-game outfit Supercell two years ago for more than $8 billion, according to …

Open Source Software

British Airways asked customers to post personal information on Twitter ‘to comply with GDPR’

Wait, what?<p>Complaining about airlines on Twitter is a universal pastime for disgruntled travelers, and yet somehow British Airways has managed to turn the activity into a data privacy debacle of its own doing. Security researcher and PhD student Mustafa Al-Bassam discovered yesterday that the …

British Airways

Microsoft Cloud Services Drive June-Quarter Sales, Earnings Beat

Software giant <b>Microsoft</b> (MSFT) late Thursday beat Wall Street's estimates for its fiscal fourth quarter ended June 30, giving its stock a boost in …

Satya Nadella

Microsoft says Teams is now at 'feature parity' with Skype for Business

Microsoft's plan to ultimately replace its Skype for Business communications service with Microsoft Teams has achieved a key milestone, company …

Skype for Business

Global fintech boom continued in Q2, with 383 startups raising a record $20 billion

Funding for financial startups around the world continued to set a blistering pace in the most recent quarter, scoring $20 billion for companies seeking to disrupt established banking and payment systems.<p>The surge was led by a $14 billon round of funding for China’s Ant Financial. But even without …

Venture Capital

Insight Venture Partners closes 10th fund at $6.3 billion

New York-based private equity and venture capital (VC) firm Insight Venture Partners has closed its tenth fund at a whopping $6.3 billion. Fund X, as its known, will be leveraged for continued investment in growth-stage companies around the world.<p>Founded in 1995, Insight Venture Partners had …

Venture Capital

With eyes on Europe, Open Banking API provider TrueLayer raises $7.5M

TrueLayer, the London startup that’s built a developer platform to make it easy for fintech and other adjacent companies, such as retailers, to access bank APIs — and ride the Open Banking and PSD2 gravy train — has picked up further $7.5 million in funding.<p>Leading the round is venture capital fund …

Open Banking

SAP Cloud Business Soars | Seeking Alpha

Raises 2018 Outlook and 2020 Ambition<p>- Cloud Revenue Growth Accelerates, Up 30% (IFRS) and Up 40% (Non-IFRS at Constant Currencies), Outpacing …

Profit

Google Keep Gets A Big Update

While Google has been one of the leaders when it come sto many cloud apps, they've lagged behind the likes of Microsoft OneNote and Evernote when it …

Apps

Microsoft's focus on cloud, partnerships paying off

In the elevator industry, breakdowns are bad for business.<p>So when Thyssenkrupp North America needed help predicting when to service its lifts, it …

Building Spaces

How we used collaborative design to create a vibrant and inclusive office<p>We were working on top of each other — crammed into two floors of an old …

Shipbuilding

Openpath Raises $20M in Series B to disrupt Access Control Industry and improve office security

LOS ANGELES - July 17, 2018 - Openpath, a company on a mission to bring frictionless access and better security to our workplaces, today announced it …

Employment

Okta nabs ScaleFT to build out ‘Zero Trust’ security framework

Okta, the cloud identity management company, announced today it has purchased a startup called ScaleFT to bring the Zero Trust concept to the Okta platform. Terms of the deal were not disclosed.<p>While Zero Trust isn’t exactly new to a cloud identity management company like Okta, acquiring ScaleFT …

Customers

Former Israeli prime minister helps launch a16z-backed cyber defense startup

Toka, a cyber defense startup with backing from the likes of Andreessen Horowitz and the venture capital arm of Dell, is launching under the guidance …

Venture Capital

Google Cloud made big changes to its fraud-detection system in response to an angry customer complaint that went viral

The Google Cloud Platform (GCP) has changed the way its abuse-prevention arm responds to suspicious activity, and from now on it won't be so quick to shoot first and ask questions later.<p>More importantly, Google has added more humans to its fraud-detection mix, so those overseeing accounts …

Google Cloud Platform

A startup founder who sold 2 companies says entrepreneurs should quit trying to sell their businesses if they want to become self-made millionaires ' here's what they should do instead

In less than 20 years, Silicon Valley veteran Godard Abel has built and sold two companies for hundreds of millions of dollars.His first company, …

Startups

What serverless architecture actually means, and where servers enter the picture

If you think the term "cloud" obscures the technology behind interoperable network platforms, consider "serverless:" A style of programming for cloud …

Cloud Computing