Meritech Capital Partners

Atlan’s Control Plane to Power Data & AI Governance Attracts $105M, Elevating Valuation to $750M

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Mercoledì, Maggio 8, 2024
Networks, Data Management, Technology, Artificial Intelligence, Software, Organization, FOX, Metadata, GIC, Investment, News Corp, AI, Cisco, CDO, HubSpot, Research, Automation, Datadog, DBS, DataOps, Salesforce, Trust, Data management, Snowflake, Education for librarianship, Nextgen, Meritech Capital Partners, Tableau, AWS, Plaid, Insight Partners, Growth, IBM, Sales

“Atlan is addressing this by building the control plane for the data and AI stack, integrating trust and context into the digital fabric.”

Key Points: 
  • “Atlan is addressing this by building the control plane for the data and AI stack, integrating trust and context into the digital fabric.”
    In today's AI-forward, data-driven landscape, robust data governance is crucial.
  • At the same time, data privacy, data lineage, and data quality are key obstacles hindering generative AI implementations, according to studies from IBM and AWS .
  • Atlan addresses this challenge with its next-generation platform for data and AI governance.
  • “It’s increasingly viewed as the essential data control plane for major business initiatives like AI readiness and data democratization.

FloQast Secures $100 Million in Series E Funding, Achieving $1.6 Billion Valuation

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Mercoledì, Aprile 10, 2024
MSD, Cloud, Wil, CPE, Partnership, Growth, Intelligence, CPA, DACH, Accounting, Ecosystem, Conference, Revenue stream, Snowflake, Meritech Capital Partners, Los, Twilio, Sapphire Ventures, Product innovation, Collection, Research, Automation, General partnership, Organization, SAP, BDT, Financial close management, Zoom, ICONIQ, Workplace, Los Angeles Lakers, Renewable energy

With this latest investment, FloQast achieves a post-money valuation of $1.6 billion, underscoring its position as a leader in the accounting and finance technology sector.

Key Points: 
  • With this latest investment, FloQast achieves a post-money valuation of $1.6 billion, underscoring its position as a leader in the accounting and finance technology sector.
  • "Today’s accounting and finance teams have the opportunity to emerge as drivers of growth and strategic change within their organizations,” said Mike Whitmire, CPA*, CEO and co-founder of FloQast.
  • Logo Growth: FloQast now powers more than 2,600 accounting teams, including Twilio, Los Angeles Lakers, Zoom, and Snowflake, among other notable organizations.
  • Creative Brand Strategy: FloQast unveiled an all-new brand strategy , reflecting the company's commitment to innovation and modernization in the accounting industry.

Augment Inc. Raises $227 Million at $977 Million Valuation to Empower Software Teams With AI

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Mercoledì, Aprile 24, 2024
Start-Up, Professional Services, Technology, Artificial Intelligence, Software, Organization, Investment, Lightspeed Venture Partners, Mozilla, Gartner, Oracle WebLogic Server, Meta, Research, Intelligence, VMware, Engineering, IPO, Pure Storage, Microsoft, Eric Schmidt, BEA Systems, Snowflake, Speed of light, Meritech Capital Partners, Databricks, Sutter Hill Ventures, Growth, Yahoo!, Video game

This brings Augment’s total funding to $252 million, following its $25 million Series A led by Sutter Hill Ventures.

Key Points: 
  • This brings Augment’s total funding to $252 million, following its $25 million Series A led by Sutter Hill Ventures.
  • The company is founded by Igor Ostrovsky, former chief architect at Pure Storage and software engineer at Microsoft, and Guy Gur-Ari, an AI researcher who hails from Google.
  • Augment’s engineering team boasts deep AI and systems expertise, with alumni from Google, Meta, NVIDIA, Microsoft, Databricks, Snowflake, VMware and Pure Storage.
  • Lightspeed is thrilled to be joining Augment to help make the world's software better.”
    “Augment represents Sutter Hill Ventures’ first big bet on AI.

Kumo AI Named to the Forbes AI 50 List of Top Artificial Intelligence Companies of 2024

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Martedì, Aprile 23, 2024
Sequoia Capital, Kumo, Partnership, Meritech Capital Partners, Learning, Forecasting, AI

MOUNTAIN VIEW, Calif., April 23, 2024 /PRNewswire/ -- Kumo AI, a leader in predictive AI, today announced it has been named to the 2024 Forbes AI 50 list which recognizes the most promising privately-held artificial intelligence companies. According to Forbes, the startups on the list have evolved from capturing customers' imaginations to capturing billions of dollars in collective revenue and represent a wide range of use cases across a variety of industries.

Key Points: 
  • Startup with founders from Pinterest, LinkedIn were recognized by Forbes as a top innovator for helping data scientists quickly build predictive models with AI
    MOUNTAIN VIEW, Calif., April 23, 2024 /PRNewswire/ -- Kumo AI , a leader in predictive AI, today announced it has been named to the 2024 Forbes AI 50 list which recognizes the most promising privately-held artificial intelligence companies.
  • "AI is permeating every aspect of business and this year's Forbes AI 50 list demonstrates how far this technology has already evolved in a very short time," said Vanja Josifovski, co-founder and CEO of Kumo AI.
  • The Forbes AI 50 list honors privately-held global companies based on criteria including business promise and innovative use of AI.
  • Kumo AI was included alongside other leading data and analytics companies Anthropic, Cohere, Hugging Face, and Scale AI.

Cresta Named to the Forbes AI 50 List of Top Artificial Intelligence Companies of 2024

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Giovedì, Aprile 11, 2024
Sequoia Capital, Artificial intelligence, Partnership, Meritech Capital Partners, PALO, Sales

PALO ALTO, Calif., April 11, 2024  /PRNewswire/ -- Cresta, the end-to-end generative AI platform for contact centers, today announced it has been named to the 2024 Forbes AI 50 list of the most promising startups whose businesses are centered around artificial intelligence. This is the 3rd time Cresta has been recognized in the Forbes AI 50 list.

Key Points: 
  • PALO ALTO, Calif., April 11, 2024 /PRNewswire/ -- Cresta , the end-to-end generative AI platform for contact centers, today announced it has been named to the 2024 Forbes AI 50 list of the most promising startups whose businesses are centered around artificial intelligence.
  • This is the 3rd time Cresta has been recognized in the Forbes AI 50 list.
  • "We're thrilled to see Cresta recognized for our work developing innovative technologies that drive powerful business outcomes," said Ping Wu, CEO at Cresta.
  • The Forbes AI 50 list is open to global companies that are held privately and are more than 50% independent.

Dr. Adam Perlman, Former Medical Director at Mayo Clinic, Joins Pendulum Therapeutics as Chief Medical Officer

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Martedì, Gennaio 9, 2024
Biotechnology, Diabetes, Health, Pharmaceutical, Clinical Trials, Alternative medicine, Biochemistry, Stanford University, Patient, Overalls, Research, Associate, Internal medicine, Multimedia, Johns Hopkins University, Science, Wellness, Sequoia Capital, Meritech Capital Partners, Medicine, Duke University Health System, Prediabetes, Mayo Clinic, FACP, Clinical professor, Duke University, PGC, IND, Cornell University, Conditional sentence, FDA, Doctor of Philosophy, Khosla Ventures, MPH, Clinical trial, Microbiology, Medical device

- Today, Pendulum Therapeutics , the leading microbiome biotech company pioneering the next frontier of metabolic health, announced that former Mayo Clinic Medical Director and Executive Director for Integrative Medicine at Duke University, Adam Perlman, MD, MPH, FACP, has joined the company as Chief Medical Officer.

Key Points: 
  • - Today, Pendulum Therapeutics , the leading microbiome biotech company pioneering the next frontier of metabolic health, announced that former Mayo Clinic Medical Director and Executive Director for Integrative Medicine at Duke University, Adam Perlman, MD, MPH, FACP, has joined the company as Chief Medical Officer.
  • View the full release here: https://www.businesswire.com/news/home/20240109713201/en/
    Dr. Perlman, Chief Medical Officer at Pendulum Therapeutics (Photo: Pendulum Therapeutics)
    As Chief Medical Officer at Pendulum, he will oversee the company’s clinical research portfolio, working internally and with academic collaborators to uncover new insights and inform the development of new products that will deliver strong clinical efficacy and outcomes for consumers.
  • Dr. Perlman saw first hand the efficacy of Pendulum probiotics in his practice, observing benefits in his patients with pre-diabetes and type 2 diabetes.
  • Berry joined Pendulum’s all-star lineup of investors, including Sequoia Capital, Meritech Capital, True Ventures, Khosla Ventures and the Mayo Clinic.

Rewst Raises $31 Million Series B to Extend Leadership in MSP Automation Market

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Martedì, Gennaio 9, 2024
Robotics, Noise, Robotic process automation, MSP, Acronis, MFA, Managed services, Microsoft, Business process automation, Feedback, OpenAI, Meritech Capital Partners, Network, Growth, Automation, College of Engineering (KNUST), SentinelOne, Crate, Common, Venture round, General partnership, HP OpenView, Education, RPA, Online shopping

Despite having hundreds of repetitive processes ripe for automation, MSPs have been vastly underserved by traditional Robotic Process Automation (RPA) vendors.

Key Points: 
  • Despite having hundreds of repetitive processes ripe for automation, MSPs have been vastly underserved by traditional Robotic Process Automation (RPA) vendors.
  • Founded in 2020, Rewst set out to solve these challenges by building the first purpose-built automation platform for MSPs.
  • "Since serving the MSP market, they've become my favorite market," said Aharon Chernin, Rewst's CEO and founder.
  • Less than two years since its birth, Rewst has emerged as the de-facto leader in the MSP automation market.

Pigment announces $88 million Series C

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Giovedì, Giugno 8, 2023
Workforce, Poshmark, Partnership, ICONIQ, General partnership, Alumina effect pigment, IVP, Organization, Webhelp, PVH, Investment, SAN, FirstMark Capital, Series, Growth, Adyen, CFO, AI, Pigment, Management, Alteryx, Figma, Ghana UK-Based Achievement Awards, Meritech Capital Partners

 SAN FRANCISCO , June 8, 2023 /PRNewswire/ -- Pigment, the business planning platform, today announced an $88 million Series C funding round led by ICONIQ Growth. The Series C investment brings the company's total amount raised to $248M in under three years. Felix Capital, as well as previous investors Meritech, IVP and FirstMark have also joined the round.

Key Points: 
  • The round, led by ICONIQ Growth, will allow Pigment to drive sustainable growth and further product innovation to help companies ‍like Klarna, Miro and PVH adapt to change, with confidence
    SAN FRANCISCO , June 8, 2023 /PRNewswire/ -- Pigment , the business planning platform, today announced an $88 million Series C funding round led by ICONIQ Growth.
  • The Series C investment brings the company's total amount raised to $248M in under three years.
  • They're forced to plan and make decisions with inaccurate, incomplete and siloed information," said Eléonore Crespo, co-CEO and co-founder, Pigment.
  • Pigment has never been more critical and relevant than it is today," added Romain Niccoli, co-CEO and co-founder, Pigment.

Pigment announces $88 million Series C

Retrieved on: 
Giovedì, Giugno 8, 2023
Workforce, Poshmark, Partnership, ICONIQ, General partnership, Alumina effect pigment, IVP, Organization, Webhelp, PVH, Investment, SAN, FirstMark Capital, Series, Growth, Adyen, CFO, AI, Pigment, Management, Alteryx, Figma, Ghana UK-Based Achievement Awards, Meritech Capital Partners

SAN FRANCISCO, June 8, 2023 /PRNewswire/ -- Pigment, the business planning platform, today announced an $88 million Series C funding round led by ICONIQ Growth. The Series C investment brings the company's total amount raised to $248M in under three years. Felix Capital, as well as previous investors Meritech, IVP and FirstMark have also joined the round.

Key Points: 
  • The round, led by ICONIQ Growth, will allow Pigment to drive sustainable growth and further product innovation to help companies ‍like Klarna, Miro and PVH adapt to change, with confidence
    SAN FRANCISCO, June 8, 2023 /PRNewswire/ -- Pigment , the business planning platform, today announced an $88 million Series C funding round led by ICONIQ Growth.
  • The Series C investment brings the company's total amount raised to $248M in under three years.
  • They're forced to plan and make decisions with inaccurate, incomplete and siloed information," said Eléonore Crespo, co-CEO and co-founder, Pigment.
  • Pigment has never been more critical and relevant than it is today," added Romain Niccoli, co-CEO and co-founder, Pigment.

Viz.ai Named to Forbes AI 50 List of Top Artificial Intelligence Companies of 2023

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Mercoledì, Aprile 12, 2023
Biotechnology, Health, Technology, Health Technology, Artificial Intelligence, Partnership, Sequoia Capital, Radiology, Hospital, Patient, Machine learning, Algorithm, Meritech Capital Partners, Diagnosis, Growth, AI, Cardiology, Trauma, Neurology, Disease, Medical device

Viz.ai, the leader in AI-powered disease detection and intelligent care coordination, today announced it has been named to the 2023 Forbes AI 50 list of the most promising private artificial intelligence (AI) startups globally.

Key Points: 
  • Viz.ai, the leader in AI-powered disease detection and intelligent care coordination, today announced it has been named to the 2023 Forbes AI 50 list of the most promising private artificial intelligence (AI) startups globally.
  • This is the 4th time Viz.ai has been recognized in the Forbes AI 50 list.
  • “We are honored to be included in this year’s Forbes AI 50 list and proud that the Viz Platform is recognized globally for its unique value,” said Chris Mansi, CEO at Viz.ai.
  • The Viz Platform uses AI to detect disease earlier, unify care collaboration, and inform critical decisions to improve patient outcomes.