Collaborate Disseminate
Almost exactly 4 months to the day after BigID announced a $50 million Series C, the company was back today with another $50 million round. The Series D came entirely from Tiger Global Management. The company has raised a total of $144 million. What warrants $100 million in interest from investors in just four months […] Continue reading BigID bags another $50M round as data privacy laws proliferate
Back in 2013, Dropbox was scaling fast. The company had grown quickly by taking advantage of cloud infrastructure from Amazon Web Services (AWS), but when you grow rapidly, infrastructure costs can skyrocket, especially when approaching the scale Dropbox was at the time. The company decided to build its own storage system and network — a […] Continue reading Moving storage in-house helped Dropbox thrive
In Marc Benioff’s book, Trailblazer, he tells the tale of how Steve Jobs planted the seeds of the idea that would become the first enterprise app store, and how Benioff eventually paid Jobs back with the gift of the AppStore.com domain. While Salesforce did truly help blaze a trail when it launched as an enterprise […] Continue reading The story of why Marc Benioff gifted the AppStore.com domain to Steve Jobs
It would be hard to top the 2018 enterprise M&A total of a whopping $87 billion, and predictably this year didn’t come close. In fact, the top 10 enterprise M&A deals in 2019 were less than half last year’s, totaling $40.6 billion. This year’s biggest purchase was Salesforce buying Tableau for $15.7 billion, which would […] Continue reading These ten enterprise M&A deals totaled over $40B in 2019
InsightFinder, a startup from North Carolina based on 15 years of academic research, wants to bring machine learning to system monitoring to automatically identify and fix common issues. Today, the company announced a $2 million seed round. IDEA Fund Partners, a VC out of Durham, North Carolina, led the round with participation from Eight Roads […] Continue reading InsightFinder get $2M seed to automate outage prevention
VMware is closing the year with a significant new component in its arsenal. Today it announced it has closed the $2.7 billion Pivotal acquisition it originally announced in August. The acquisition gives VMware another component in its march to transform from a pure virtual machine company into a cloud native vendor that can manage infrastructure […] Continue reading VMware completes $2.7 billion Pivotal acquisition
Salesforce turned 20 this year, and the most successful pure enterprise SaaS company ever showed no signs of slowing down. Consider that the company finished the year on an $18 billion run rate, rushing toward its 2022 revenue goal of $20 billion. Oh, and it also spent a tidy $15.7 billion to buy Tableau this […] Continue reading Revenue train kept rolling all year long for Salesforce
F5 got an expensive holiday present today, snagging startup Shape Security for approximately $1 billion. What the networking company gets with a shiny red ribbon is a security product that helps stop automated attacks like credential stuffing. In an article earlier this year, Shape CTO Shuman Ghosemajumder explained what the company does: “We’re an enterprise-focused […] Continue reading F5 acquires Shape Security for $1B
It’s a good time to look back at the year and analyze a few firms that should reach the mythical $1 billion in revenue at some point. Continue reading Three SaaS companies we think will make it to $1B in revenue
Yesterday, Adobe submitted its quarterly earnings report and the results were quite good. The company generated a tad under $3 billion for the quarter at $2.99 billion, and reported that revenue exceeded $11 billion for FY 2019, its highest ever mark. “Fiscal 2019 was a phenomenal year for Adobe as we exceeded $11 billion in […] Continue reading Adobe turns it up to 11, surpassing $11B in revenue