Accel | Jotup

Multiverse acquires AI talent software company Searchlight to help businesses close skills gaps

Retrieved on:

Tuesday, April 9, 2024

ROI, Organization, Founders Fund, Entrepreneurship, Y Combinator, Acquisition, AI, Stanford University, Accel, Workforce, Machine learning, Tech, Sales

NEW YORK, April 8, 2024 /PRNewswire/ -- Tech company Multiverse has acquired Searchlight , a talent intelligence and skills assessment platform that uses AI to help companies close their skills gaps.

Key Points:

NEW YORK, April 8, 2024 /PRNewswire/ -- Tech company Multiverse has acquired Searchlight , a talent intelligence and skills assessment platform that uses AI to help companies close their skills gaps.
Searchlight has been at the intersection of AI and skills for the last six years, building a bias-free AI engine that understands competencies, soft skills, working styles, and job requirements.
The combination of Searchlight's technology and talent will accelerate the use of generative AI and machine learning at Multiverse.
"Searchlight's AI, platform, and exceptional talent will allow us to better diagnose the skills needed within companies and deliver impactful solutions.

RapidCanvas Exits Stealth with $7.5 Million in Seed Funding to Empower Business Users with AutoAI platform

Retrieved on:

Wednesday, March 13, 2024

RapidCanvas , the AI platform built for business, announced today it has launched with $7.5 million in seed funding led by Accel with participation from Valley Capital Partners.

Key Points:

RapidCanvas , the AI platform built for business, announced today it has launched with $7.5 million in seed funding led by Accel with participation from Valley Capital Partners.
RapidCanvas emerges from stealth mode with early adopter business leaders having already validated the platform by driving real business outcomes.
By neglecting to empower business leaders and domain experts, organizations lose out on valuable opportunities to harness the full potential of AI.
Users can interact with the platform to generate and iterate on AI solutions tailored to their specific business needs and challenges.

Coast raises $92 million in new capital, partners with Visa to expand financial tools and software for modern business fleets

Retrieved on:

Thursday, March 21, 2024

The company also secured $67 million in committed debt capital from Silicon Valley Bank and TriplePoint Capital.

Key Points:

The company also secured $67 million in committed debt capital from Silicon Valley Bank and TriplePoint Capital.
The fleet fuel payments on these specialized cards add up to a staggering $120 billion annually in the US.
Coast, led by founder and CEO Daniel Simon, reimagines the fleet payments product category, enabled by mobile technology and state-of-the-art vehicle data and telematics.
"Coast provides a strong financial product backed by powerful software for fleet-operating businesses, which allows it to attract very high-quality companies as customers," Foley said.

Fintech Platform Xalts to Build "Plaid for Trade" as It Acquires Contour Network from a Consortium of Global Banks

Retrieved on:

Tuesday, February 20, 2024

Acquisition, Citibank, Contour, Silicon, Communication, Accel, Meta, Citigroup, HSBC, Cryptocurrency

Contour Network connects global banks to global businesses. Xalts will launch an application ecosystem for embedded trade finance solutions on top of Contour's rails.

Key Points:

Contour started in 2017 as a pilot by eight global banks with a focus to digitize trade.
Currently, over 22 banks and 100+ global businesses use Contour for digital trade finance solutions.
These will enable banks, logistics companies and technology companies to offer integrated solutions to businesses, using a single platform.
Many global and regional banks have been making a push for deeper integrations with their clients and global platforms.

Global Search Firm Riviera Partners Releases Bi-Annual Tech-Focused Salary and Equity Report

Retrieved on:

Wednesday, March 6, 2024

Dust, OpenTable, Box, AI, Growth, Uber, Dropbox, Accel, Sequoia, CIO, Zendesk

San Francisco, CA, March 06, 2024 (GLOBE NEWSWIRE) -- Riviera Partners , the leading global executive search firm specializing in executive leadership placements in technology, product, and design talent, has released its bi-annual tech-focused salary and equity report summarizing offers accepted by technology leaders for the 12-month period between Jan 1- Dec 31, 2023.

Key Points:

San Francisco, CA, March 06, 2024 (GLOBE NEWSWIRE) -- Riviera Partners , the leading global executive search firm specializing in executive leadership placements in technology, product, and design talent, has released its bi-annual tech-focused salary and equity report summarizing offers accepted by technology leaders for the 12-month period between Jan 1- Dec 31, 2023.
The report includes data segmented by function and level across geographies and a broad spectrum of companies and stages: seed, venture capital-backed, private equity-backed, and public companies.
The full report, including cash and equity compensation specifics, offers a unique perspective on compensation trends related to this highly sought-after group of leaders.
The report includes U.S. and EMEA compensation information and can be requested and immediately downloaded here: https://www.rivierapartners.com/compensation-report/ .

Axonius Announces $200 Million Series E Extension Amid Explosive Growth

Retrieved on:

Tuesday, March 5, 2024

Schneider Electric, Stripe, Defense, SMP, Risk, News Corp, AB InBev, ARR, Lightspeed Venture Partners, Accel, Software as a service, Organization, Software, Cryptocurrency

NEW YORK, March 05, 2024 (GLOBE NEWSWIRE) -- Axonius, the leader in cybersecurity asset management and SaaS management, today announced it has secured $200 million in a Series E extension funding round led by Accel and Lightspeed Venture Partners. Existing investor Stripes also participated. This new round of funding is intended to accelerate innovation and scale across the globe as demand for the Axonius Platform continues to grow. The company crossed $100 million in annual recurring revenue in 2023 as it continues to expand its customer base, which includes more than a dozen of the Fortune 500 and global organizations such as Schneider Electric, News Corp, and Anheuser-Busch InBev. The company also supports four of the five major U.S. Department of Defense service agencies.

Key Points:

NEW YORK, March 05, 2024 (GLOBE NEWSWIRE) -- Axonius, the leader in cybersecurity asset management and SaaS management , today announced it has secured $200 million in a Series E extension funding round led by Accel and Lightspeed Venture Partners.
This new round of funding is intended to accelerate innovation and scale across the globe as demand for the Axonius Platform continues to grow.
"Axonius has gone from zero revenue to exceeding $100 million in ARR in just 4.5 years, making us one of the fastest growing cybersecurity companies,” said Dean Sysman, CEO and Co-founder at Axonius.
The more integrations, the more information Axonius can surface about security gaps, risk, misconfigurations, cost inefficiencies, and more.

Sam Wilkins Joins Riviera Partners as Partner in Tech-Focused Search Firm’s Venture Capital-Backed Practice

Retrieved on:

Thursday, February 29, 2024

Private equity, Box, OpenTable, Apollo Global Management, Y Combinator, Uber, Dropbox, Venture capital, Accel, NEA, Insight Partners, Sequoia, Sapphire Ventures, Partner (business rank), Zendesk, DNA

San Francisco, CA , Feb. 29, 2024 (GLOBE NEWSWIRE) -- Riviera Partners , the leading global executive search firm specializing in executive leadership placements in technology, product, and design talent, has welcomed Sam Wilkins as its newest Partner, joining the firm’s Venture Capital-backed practice led by Managing Partner Eoin O'Toole .

Key Points:

San Francisco, CA , Feb. 29, 2024 (GLOBE NEWSWIRE) -- Riviera Partners , the leading global executive search firm specializing in executive leadership placements in technology, product, and design talent, has welcomed Sam Wilkins as its newest Partner, joining the firm’s Venture Capital-backed practice led by Managing Partner Eoin O'Toole .
Throughout his tenure, he cultivated relationships in the US by working with a diverse array of Venture Capital, Private Equity, and Publicly backed technology companies.
“We are delighted to welcome Sam to the team,” said Eoin O’Toole, Managing Partner at Riviera Partners.
“In addition to being an incredible search professional, Sam embodies the entrepreneurial DNA shared by the founders with whom we work.

Rasa Raises $30 Million Series C Co-led by StepStone Group and PayPal Ventures, Andreessen Horowitz, Accel and Basis Set Ventures for Enterprise Conversational AI

Retrieved on:

Wednesday, February 14, 2024

Internet, Data Management, Technology, Artificial Intelligence, Software, StepStone Group, CALM, Architecture, UI, Multimedia, AI, Customer success, Accel, Conversation, Deutsche Telekom

Rasa , the leading generative conversational AI platform today announced the completion of its $30 million Series C funding round, co-led by StepStone Group and PayPal Ventures, with participation from Andreessen Horowitz (a16z), Accel, and Basis Set Ventures.

Key Points:

Rasa , the leading generative conversational AI platform today announced the completion of its $30 million Series C funding round, co-led by StepStone Group and PayPal Ventures, with participation from Andreessen Horowitz (a16z), Accel, and Basis Set Ventures.
We will use the funding to advance our technological leadership and strengthen our market presence.”
Dr. Alan Nichol, Rasa Co-Founder and CTO, added, “At Rasa we’ve reinvented how conversational AI works.
Rasa powers sophisticated and robust AI assistants aligned with customers’ business logic that provide meaningful and practical user engagement.
“We are thrilled to mark the launch of our AI Fund with our investment in Rasa,” said Alan Du, PayPal Ventures partner.

MINT Appoints Lorenzo Larini as New CEO to Drive Global Expansion

Retrieved on:

Thursday, January 25, 2024

Economic development, Woman, Accel, Advertising, MINT, Harambe Entrepreneur Alliance, ARM, GV (company), Committee, General partnership, Larini, Growth, Management

NEW YORK, Jan. 25, 2024 (GLOBE NEWSWIRE) -- MINT , the global leader in advertising resource management (ARM) software, has announced the appointment of Lorenzo Larini as global CEO as the company embarks on the next phase of its global expansion.

Key Points:

NEW YORK, Jan. 25, 2024 (GLOBE NEWSWIRE) -- MINT , the global leader in advertising resource management (ARM) software, has announced the appointment of Lorenzo Larini as global CEO as the company embarks on the next phase of its global expansion.
Larini joins MINT following his tenure as CEO at Ipsos North America and will be based in the company’s New York office, where he will oversee the continued expansion of the company in the US and globally.
Prior to Ipsos, he held senior executive roles within Gartner’s technology division, and brings a wealth of experience in developing business growth strategies for global media and technology players.
I’m proud to have succeeded in making MINT the ‘place to be’ for people of talent, vision, and ability.

Locofy.ai's Accelerates Web Design-To-Code with AI as It Pioneers Large Design Models

Retrieved on:

Tuesday, January 16, 2024

Honey, Adobe, IDC, Research, Accel, Heart, 1-Click, Workload, AI, Developer, Workflow, ChatGPT, Software, Investment, International Data Group, Burnout, Data, Logic, Online shopping

Large Design Models, created in-house by Locofy.ai, can be used to turn designs into rich code, saving developer time. Locofy.ai announces the launch of Locofy Lightning, accelerating the design-to-code transformation.

Key Points:

In a significant stride for frontend web development, Singapore-headquartered Locofy.ai has announced the launch of their Large Design Models (LDMs) and a new product, Locofy Lightning, which uses their LDMs to provide a pioneering 1-click technology that converts Figma designs into web frontend code.
Leveraging Locofy's Large Design Models (LDMs) built in-house, Locofy Lightning will save developers up to 80% of the time it takes to code the user interface from scratch.
At the heart of Locofy Lightning lies a technology stack built in house, particularly the use of Large Design Models (LDMs).
The beta release for Figma to web frontend is available as of 16 January 2024, with a 1-click solution for mobile apps on the horizon.