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The targeted approach to cloud and data CIOs need for ROI gains

CIO

We’re in publishing, but it’s the accompanying services that differentiate us on the market; the technology component is what gives value to our business.” Much of this growth is driven by investments in AI technologies, and IDC also expects cloud infrastructure spend to increase 26% compared to 2023.

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Fashinza, a B2B supply chain marketplace for fashion brands, raises $100M

TechCrunch

. “Even though brands were marking up their retail price at 75% to 80% margins, they were still making only around 8% to 10% profits and losing money due to high inventory wastage or going out of stock. They] struggled with … opacity due to multiple middlemen and their manufacturers being thousands of miles away.”

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Pitch Deck Teardown: Juro’s $23M Series B deck

TechCrunch

This shows up for everyone who does large B2B or corporate deals; if you’re negotiating with someone bigger than you, it’s likely that their in-house legal team has capital-T thoughts about your contracts, and that you won’t be able to use your lovingly crafted boilerplate contracts the way you had hoped. ARR, perhaps.

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AngelList just closed a $25M fund to back startups based on hiring velocity

TechCrunch

“If you think about quant investing in venture, there’s a lot of understanding around the metrics that drive SaaS startup success, particularly B2B startup SaaS,” he said. Then the layoffs came as a response to hiring freezes from tech startups waiting out the economic downturn.

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AI Is Just Getting Started. Here Are 4 Ways To Prepare For The Next Leap Forward 

Crunchbase News

In fact, while the technology has been in development for a number of decades, its application has only recently become a reality for the majority of enterprises. Here, CPUs, or central processing units, have long been the go-to for enterprises, yet this technology has been on the market for about 40 years.

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Preply raises a $35 million Series B as demand for language learning grows

TechCrunch

Investors in Preply include Point Nine Capital, Hoxton Ventures, EduCapital, All Iron, Diligent Capital and Evli Growth Partners. CEO Kirill Bigai says it’s been able to differentiate itself from others because of its technology, which uses artificial intelligence to connect students with tutors.

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African payments company Flutterwave raises $170M, now valued at over $1B

TechCrunch

Agboola says his company grew more than 100% in revenue within the past year due to the pandemic without giving specifics on numbers. Rising African venture investment powers fintech, clean tech bets in 2020. Most stakeholders in Africa’s tech ecosystem knew this would happen, but the timing expected was later rather than sooner.

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