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German software giant SAP is under investigation by US officials for allegedly conspiring to overcharge the US government for its technology products over the course of a decade. Federal agents have searched Carahsoft’s offices in Washington, DC, and the DOJ is reviewing court records filed in Baltimore.
Welcome back to Week in Review , the newsletter where we quickly recap the top stories from TechCrunch dot-com this week. whereas in 2014 around 71% of teens used Facebook, the study says in 2022 that number has dropped down to 32%. Want it in your inbox every Saturday? Sign up here. Is Facebook for old people? other stuff.
Use discount code TCPLUSROUNDUP to save 20% off a one- or two-year subscription. We are far from clear in knowing which technology will be the best,” she said. “So Startup accelerators’ definition of ‘value add’ is due for a refresh. Startup accelerators’ definition of ‘value add’ is due for a refresh.
Filevine , a startup offering a software-as-a-service product for legal case management, today announced that it closed a $108 million series D round led by StepStone Group with participation from Golub Capital and existing investors Signal Peak Ventures and Meritech Capital. software-as-a-service market.”
Atrium, a 100-person legal tech startup founded by Justin Kan, shut down in March after failing to find an efficient way to replace the arduous systems of law firms. When it came to raising a Series B, Merchant says the company struggled to close and lost investor interest due to WeWork’s failed IPO. Mixer/Beam Interactive (2014-2020).
‘High conviction, low volume’ Playfair, for its part, seeks out founders “outside of dominant tech hubs,” as well as founders working on projects that may run more tangential to where the main hype and “buzzy-ness” exists. ” A large chunk of early-stage deals fall apart in the duediligence phase.
With an undergraduate degree in political science and time spent as a Peace Corps and AmeriCorps volunteer, Lain McGrath hardly envisioned a career in software engineering. Yet after onboarding at HR SaaS provider Gusto in a customer experience (CX) role, exposure to coding sparked McGrath’s interest in shifting professional tracks.
Today Juniper Networks announced it was acquiring smart wide area networking startup 128 Technology for $450 million. With 128 Technology, the company gets more AI SD-WAN technology. 128 Technologies was founded in 2014 and raised over $97 million, according to Crunchbase data. .
Enterprise tech and AI Cerebras Systems : Yes, this one is kind of cheating. national security review on UAE-based G42 ‘s minority investment in the AI chipmaker. The startup has raised more than $826 million total from venture investors since its founding in 2014, per Crunchbase. Cerebras should likely already be public.
AerCap CIO Jrg Koletzki recalls how he had six months notice of the GECAS acquisition not a lot of time to make big decisions about how to integrate complex technologies. Both came from a results-driven culture of delivering for their boards and they shared the belief that skilled people are always more important than technology.
million in grants to assist state governments in reducing barriers to employment with Code for America’s Clear My Record tool, which uses an open source algorithm to review records and produce clearance motions. .” Meanwhile, Google.org, Google’s charitable arm, will provide $4.25 For example, U.S.
It was just a matter of time until an intrepid Chinese entrepreneur with a tech background decided to take on Coca-Cola and PepsiCo. China is also home to one of the world’s largest e-commerce and tech ecosystems. The tech revolution hasn’t yet affected the bottled beverage industry quite as much as it has others.
This could be due to the “male geek” concept. Many women could feel unwanted and discouraged due to a lack of senior responsibilities. Stephanie Shirley developed programs studying the impact of technology on social issues. A 2014 movie, “Hidden Figures,” was based on her experiences.
In the software development field, we always hear famous names like Martin Fowler, Kent Beck, George H. As many in the Tech industry, often, they are men. That is why today I decided to write about amazing successful, talented and influential women in software development. 20 influential women in software development. .
Around the turn of the century, Autonomy Corporation was one of the darlings of the UK technology industry, specializing in knowledge management and enterprise search. Rather than selling software to customers, HP said, Autonomy had been selling them hardware at a loss, then booking the sales as software licensing revenue.
For teams dealing with loads of technical debt, microservices offer a path to the promised land. Smaller code bases are easier to understand, and with clearly separated services the overall architecture is much “cleaner”. In the past half a decade, the industry has exploded with technology built especially to support new microservices.
After selling up to Google in 2015, Bank joined Google’s ranks and set about integrating core Timeful technology into Gmail and Google Calendar, before transitioning into various roles at the tech giant — including product lead for Gmail, Calendar, Google Chat, and Google Workspace. ” Ramping up.
Starting a tech company today costs 99% less than it did 18 years ago when Y Combinator was started ( today and 2005 ), largely due to the emergence of cloud technologies, no-code tools, and artificial intelligence. Flyover Tech ) have played a significant role in this shift. the free YC Startup School courses).
Diao’s first project at the company after starting in 2014 was building a rules engine called Mastermind to fight fraud. Its mission is to help financial services and tech companies automate decisions and manage fraud, credit and compliance risks.
A new company from the creators of the Godot game engine is setting out to grab a piece of the $200 billion global video game market — and to do so, it’s taking a cue from commercial open source software giant Red Hat. “The result is reduced development costs and more freedom to innovate,” Linietsky said. Red Hat Inc.
Whether you sell cars, candy, consulting, or construction, software is moving to the center of your business. Your products and services rely on software and data for nearly everything from product development to aftermarket support. You’ve become (or will become) what is, essentially, a software company CIO. So congratulations!
According to research, 85% of African SMBs have zero access to financing, and e ach day, African SMBs have billions locked up in receivables due to long payment cycles. So we don’t just give money; what we’ve provided is a software solution with credit embedded. . Ghansah is a serial entrepreneur.
By Bob Gourley 2014 Guidance Software Federal Summit: Cybersecurity | E-Discovery | Enterprise Forensics. Recognized as a pioneer in the field of classified information protection, Mr. Bigman developed technical measures and procedures to manage the nation’s most sensitive secrets. Dr. Richard Marshall, Esq.,
The Norwalk, Connecticut-based firm did not disclose investor names, instead saying it came from a private investor whose portfolio focuses on global technology and real estate investments. Infinite Reality offers immersive technologies to brands and creators for better audience engagement. billion, per Crunchbase data.
It was a much-needed success for the African music scene, and though it didn’t appear so, it was a boost for its tech scene. . Over the past couple of years, there’s been an overlap between tech and art, fueling a growing interest of movie, music and sports stars investing in tech startups. Europe and globally. .
Vinoth Chandar, founder and CEO of Onehouse , was working at Uber in 2014. It had a lot of unstructured data sitting in a data lake, but the challenge was to find a way to execute on that data more quickly, something you could do with a data warehouse, but was more difficult in a data lake due to its unstructured nature.
If Mobileye manages a smooth IPO at an attractive price, the company could help shake loose the exit market for tech companies. In contrast, if Mobileye struggles when it debuts, or its IPO is pushed back due to market conditions, we’ll know that the public markets remain pretty darn closed for unicorns and other late-stage startups.
A new report from Endeavor Nigeria reveals that Africa’s digital economy and tech ecosystem is set to experience exponential growth periods. It highlights important events in the continent’s tech ecosystem until this point, compares its journey with other emerging markets and provides guidance into the opportunities within various sectors.
Zingtree provides interactive contact center software that guides agents to the next best action so that they can cater to even the most discerning customer. Zingtree was founded in 2014 to make business information actionable for teams so that agents could quickly make decisions during complex service calls.
Despite a recent push to address diversity issues in IT, data shows that Black professionals still face an uphill battle in the tech industry, receiving less recognition, opportunity, and acceptance than non-Black peers. To advance their careers and earn more pay, Black talent in the tech industry move employers every 3.5
In October, it was reported that Waverly Labs had acquired Abundant’s IP, meaning that its technology may still live on in some form. Clearly the tech giant was interested in its features, many of which it incorporated into the iPhone weather app. There was a time that Katerra was considered the darling of the construction tech world.
Havenly , a Denver, Colorado-based company founded in 2014, is today launching “Havenly At Home” — an at-home offering that allows clients to work with their chosen interior designer in person. TechCrunch spoke with Lee Mayer about the overall business, technology and the decision to explore in-home services.
NGA joins GitHub, offers code to help disaster response. April 11, 2014. – The National Geospatial-Intelligence Agency this week joined GitHub, a popular social network that allows programmers to collaborate and share computer code between users. BenBalter : Awesome to see @ NGA_GEOINT pushing code publicly to @ github.
“InstaDeep happened to be quite different from other companies in our pipeline as they were actually into deep tech versus applying technology to a certain sector, where basically, you become an operator in that sector. And it was also interesting, especially in Africa, where such companies are quite rare.
CEO Kumesh Aroomoogan says that the new capital will be put toward “product-led growth,” expansion into new markets, and R&D on Accern’s AI technologies. “Due to the extreme human capital and time costs, unstructured data isn’t efficiently analyzed and is often left out of historical data decisions.
Here is some of the technology news we are tracking from across the tech community: Gartner’s Top 10 Strategic Technology Trends for 2015. NYSE: IT) is the world’s leading information technology research and advisory company. disconnect: Old laws vs. new technology. Technology and Inequality.
Something special is happening here that is far more than technology. Red Owl Analytics is a mixture of people/process and technology that was conceptualized and born into a new world where new realities must be understood. And security is what brought them to the 2014 RSA conference. Quite an honor.
Derek Zanutto is a general partner at CapitalG , Alphabet’s independent growth fund, where he invests in data, security and SaaS-based enterprise software. After spending an additional two weeks in their offices conducting diligence sessions, the price tag rose even higher — to $3 billion. Contributor. Share on Twitter.
Here are some of the technology stories we are tracking we thought would interest you: Toyota bets on hydrogen technology. Following years of self-reflection over its growth strategy and quality lapses, Toyota is back on the offensive with its most aggressive bet yet on hydrogen-powered vehicle technology. By Bob Gourley.
Undoubtedly, Silicon Valley has always been top-notch in leading the cutting-edge tech startups with escalating growth rates. Despite the rule of such gigantic organizations and high operational costs of the Bay area, it offers excellent opportunities for tech startups with unique technological solutions.
Ingrid reports Houston said the cuts are due to slowing growth and “the era of AI.” Legacy learns to embrace AI : Jagmeet takes a deep dive into how legacy financial software giant Intuit decided to put out the welcome mat for artificial intelligence instead of closing the door and turning the deadbolt. Big Tech Inc.
SAP, the world’s leading enterprise resource planning (ERP) software vendor, was chosen to develop the platform, due largely to the history of co-innovation the German multinational enjoyed with Petrobras. You can read their Innovation Awards pitch deck for complete details.
MIT TechnologyReview has chronicled a number of failures, most of which stem from errors in the way the tools were trained or tested. Zillow wrote down millions of dollars, slashed workforce due to algorithmic home-buying disaster. In 2014, Amazon started working on AI-powered recruiting software to do just that.
These are some of the hot technology stories we are following… The Mysterious Company That Has Tech Giants Dropping 2 Million. Increased Technology Innovation Necessary to Grow Business. — dominated Big Data news this week, while the third, MapR Technologies Inc., Read more on ABC News. and Hortonworks Inc.
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