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Posts Categorized / Hi Tech

  • Jan 26 / 2018
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Hi Tech

Strix Leviathan wants to build a better enterprise platform for crypto trading

 We are still in the early days of cryptocurrency — or at least that’s what all of the startups that are jumping into this space NOW hope. And when there’s a gold rush, there’s plenty of money to be made by selling shovels (or ASIC rigs) to miners. It’s no surprise, then, that we are now seeing the emergence of a new class of B2B startups in crypto, too. Read More

  • Jan 25 / 2018
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Hi Tech

IBM brings Mendix’s low-code platform to its cloud

 IBM today announced a partnership with low-code development platform Mendix that will bring Mendix and native integration with many of IBM’s Watson IoT and AI services to the IBM Cloud. This deal is an evolution of a previous partnership that involved what was then called IBM Bluemix (now IBM Cloud). Read More

  • Jan 25 / 2018
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Hi Tech

Snowflake lands massive $263 million investment on unicorn valuation

 Snowflake, the cloud-based data warehouse service, announced an enormous investment round today, pulling in a whopping $263 million on a unicorn valuation of $1.5 billion. The round was led by a trio of big-name Silicon Valley VC firms including existing investors Iconiq Capital and Altimeter Capital and new investor Sequoia Capital. Today’s announcement comes on top of the $100… Read More

  • Jan 24 / 2018
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Hi Tech

Construction startup Katerra gets $865M in Softbank’s latest mega-round

 There’s another big financing round led by Softbank’s mammoth vision fund today, with the firm this time pouring $865 million into a construction startup called Katerra that’s a one-stop shop for getting a building up off the ground. Katerra is creating a full-stack provider for, well, buildings. The company runs the process of getting a building up and people inside it from… Read More

  • Jan 24 / 2018
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Hi Tech

Timescale raises $12.4M to build a new breed of time series database software

 Businesses are gathering more and more information than they ever have before, whether it’s a manufacturer or a bank, and to Timescale CEO Ajay Kulkarni the existing database software soon won’t provide the horsepower they need. That’s why he and CTO Mike Friedman started Timescale, a new open source time series database software. The idea is that businesses increasingly… Read More

  • Jan 23 / 2018
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Hi Tech

Element AI opens London outpost with focus on ‘AI for good’

 Element AI — which last year raised $102 million to build an incubator-meets-consultancy to work with multiple businesses as they launch new services and systems based on artificial intelligence — is entering the next phase of its growth this week. The Canadian startup — co-founded by Jean-François Gagné, Nicolas Chapados, and Yoshua Bengio — is opening an outpost… Read More

  • Jan 23 / 2018
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Hi Tech

Tradeshift Frontiers innovation lab hopes to drive blockchain adoption in the global supply chain

Today, Tradeshift, a procure-to-pay supply chain management platform for SMBs and enterprise, announced Tradeshift Frontiers.  Frontiers is an innovation lab and incubator that will focus on transforming supply chains through emerging technologies such as distributed ledgers, artificial intelligence, and the internet of things. “The use cases we’re working through Frontiers cover… Read More

  • Jan 23 / 2018
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Hi Tech

Sumo Logic expands security toolset with FactorChain acquisition

 When we heard from Sumo Logic last June, the company was announcing a $75 million Series F. Today, they announced they were acquiring FactorChain, a security startup that has raised $3.6 million. The companies would not disclose the purchase price, but indicated the acquisition closed at the end of Q4 and all 12 FactorChain employees have joined Sumo Logic, including CEO Dave Frampton and CTO… Read More

  • Jan 23 / 2018
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Hi Tech

Element.AI opens London outpost with focus on ‘AI for good’

 Element.AI — which last year raised $102 million from the likes of Microsoft, Intel, Nvidia and more to build an incubator-meets-consultancy to work with multiple businesses as they launch new services and systems based on artificial intelligence — is entering the next phase of its growth this week. The Canadian startup — co-founded by Jean-François Gagné, Nicolas… Read More