Sapphire Ventures

Pendo Exceeds Goals for New Adopt Solution in Latest Quarter of Rapid Growth

Retrieved on: 
Monday, May 23, 2022
Product, Software, Engineering, OpenTable, Morgan Stanley, Forbes, Spark Capital, Woman, Optical comparator, Verizon Communications, Zendesk, ARR, Sapphire Ventures, Capital Group Companies, LabCorp, Silicon Valley Bank, Linksys, Salesforce, Roche Diagnostics, Okta, Battery Ventures, Meritech Capital Partners, RPP, Adoption, Harvard Business School, Growth, Mailchimp, PES, Hemostasis, CEO, Video game, Management, Checkmarx, Hootsuite, Pendo

RALEIGH, N.C. , May 23, 2022 /PRNewswire/ -- Pendo, the most comprehensive product-led platform, today announced highlights from its first quarter, which ended April 30, 2022. Notable milestones include a successful annual digital adoption summit and higher-than-expected revenue for Pendo Adopt in its first quarter since launch. Pendo now counts more than 2,500 paying customers and 3,300 companies with Pendo Free accounts.

Key Points: 
  • "The future of work is here, and it's happening in software," said Todd Olson, CEO and co-founder of Pendo.
  • Highlights of the quarter include:
    Revenue and customer growth: Pendo grew ARR 60% year-over-year in the first quarter, with growth driven by record-breaking customer expansion and early momentum for Pendo Adopt.
  • Pendo Adopt: The company released Pendo Adopt a new suite of products that helps transform the way employees work in the digital workplace.
  • Headcount: Pendo saw headcount growth company-wide, adding more than 100 new employees during the quarter.

StackHawk Raises $20.7 Million in Series B Funding for Developer-First Application and API Security Testing as Market Demand Soars for Better Security

Retrieved on: 
Thursday, May 12, 2022
Continuous delivery, Continuous integration, API, Engineering, DevOps, AUM, AI, Association of British HealthTech Industries, Organization, Science and technology in Asia, Initial public offering, Sapphire Ventures, Marketing, Security, Board, Entrepreneurship, Financial technology, CEO, Risk management, Sapphire

DENVER, May 12, 2022 /PRNewswire/ -- StackHawk, the company making application security testing part of software delivery, has secured $20.7 million in capital co-led by Sapphire and Costanoa Ventures, with participation from Foundry Group and other high-value investors. With this funding, StackHawk will invest in product development to maintain its market leading position in developer-first application and API security testing. This latest financing brings StackHawk's total funding raised to $35.3 million.

Key Points: 
  • With this funding, StackHawk will invest in product development to maintain its market leading position in developer-first application and API security testing.
  • Because of this, modern software development organizations are extending CI/CD to encompass Continuous Application and API Security Testing.
  • "Sapphire is excited to have seen the value in providing developer-first application and API security testing early on, leading StackHawk's Series A.
  • To learn more about the funding round and StackHawk's approach to developer-first application and API security testing, visit stackhawk.com .

Current Launches Platform API; Collaborates with Plaid to Deliver Secure, Open Finance Solutions

Retrieved on: 
Tuesday, May 10, 2022
Tiger Global Management, Ecosystem, Investment, SoFi, Betterment, App store, Current, Venmo, Fortune 500, Partnership, API, Industry, Sapphire Ventures, Google Play, Wellington Management Company, Plaid, Solution, Technology, Foundation Capital, Cryptocurrency, Online shopping, Mobile phone

NEW YORK, May 10, 2022 /PRNewswire/ -- Current, a leading U.S. financial technology platform serving Americans working to create a better future for themselves, today announced the launch of its platform API, built to facilitate seamless integrations and embedded banking experiences. Plaid, the API-first data network powering the digital financial ecosystem, is the first-ever partner and will provide Current members access to a credential-less open finance experience.

Key Points: 
  • Plaid, the API-first data network powering the digital financial ecosystem, is the first-ever partner and will provide Current members access to a credential-less open finance experience.
  • "Our new platform API gives open banking partners the capability to embed our core banking technology.
  • We're thrilled to be working with Plaid, the industry leader in open banking, as our first partner," said Trevor Marshall, Chief Technology Officer at Current.
  • "Millions of Current members will now have secure access to the more than 6,000 apps and services powered by the Plaid network through our open finance partnership," said Raja Chakravorti, Partnerships Lead, Universal Access at Plaid.

FaZe Clan & Current announce exclusive, long-term partnership

Retrieved on: 
Thursday, April 28, 2022
Generation Z, Wellington Management Company, Tiger Global Management, Foundation Capital, YouTube, Twitter, Investment, VH1: All Access, SVP, App store, Science and technology in Asia, TikTok, Technology, VP, Partnership, NFL, Millennials, LOS, FaZe Clan, Internet, Sapphire Ventures, App Store (iOS/iPadOS), NEW, Current, Instagram, Culture, Google Play, Marketing, Video game, Marketing, FaZe Rug

LOS ANGELES and NEW YORK, April 28, 2022 /PRNewswire/ -- FaZe Clan, the lifestyle and media platform rooted in gaming and youth culture, today announced an exclusive, long-term partnership with Current, a leading U.S. financial technology platform serving Americans working to create a better future for themselves. The partnership will give FaZe Clan talent including FaZe Adapt, FaZe Booya, FaZe JSmooth, FaZe Nate Hill, FaZe Rug, FaZe Santana and FaZe Swagg new tools and resources to creatively engage their fans using Current's mobile banking products.

Key Points: 
  • The partnership will give FaZe Clan talent including FaZe Adapt, FaZe Booya, FaZe JSmooth, FaZe Nate Hill, FaZe Rug, FaZe Santana and FaZe Swagg new tools and resources to creatively engage their fans using Current's mobile banking products.
  • Past collaborations between Current and multiple members of FaZe over the years have included promotions with FaZe Swagg and FaZe Rug, who gave away money on Current to fans on YouTube, Twitch and Twitter.
  • Today's 'Road to FaZe1' episode kicks off a deeper partnership between FaZe Clan and Current, including custom content and Current experiences for FaZe fans.
  • "We are proud to partner with Current as the official fintech partner of FaZe Clan," says Adam Bauer, SVP of Brand Partnerships at FaZe Clan.

JumpCloud Announces Eric Gunning as Chief Legal Officer

Retrieved on: 
Tuesday, April 26, 2022
Zero, CEO, Grab, Risk management, General Atlantic, Sapphire Ventures, Life, Compliance, Directory, Venture capital financing, Organization, GLOBE, Four square, Cars.com, Growth, Technology, Molson Coors Beverage Company, Bell–LaPadula model, GoFundMe, ClassPass, CrowdStrike, Internet rush hour, Ethics, Public relations, Atlassian

LOUISVILLE, Colo., April 26, 2022 (GLOBE NEWSWIRE) -- JumpCloud today named Eric Gunning as its chief legal officer.

Key Points: 
  • LOUISVILLE, Colo., April 26, 2022 (GLOBE NEWSWIRE) -- JumpCloud today named Eric Gunning as its chief legal officer.
  • Gunning will head the companys legal department as he leads JumpClouds legal efforts around compliance, mergers and acquisitions (M&A), international expansion, and capital markets.
  • He joins from Molson Coors Beverage Company, one of the largest alcohol beverage companies in the world, where he served as deputy chief legal officer, and prior to that the chief legal and corporate affairs officer of the companys international growth arm, Molson Coors International.
  • Erics expertise will be critical as JumpCloud navigates rapid international growth, M&A activity, and an expanding global partner network, said Rajat Bhargava, CEO, JumpCloud.

Qualified Announces $95M Series C to Transform Pipeline Generation for B2B Enterprises

Retrieved on: 
Tuesday, April 26, 2022
Technology, Other Technology, Cloud, CEO, Marketing, Initial public offering, CMOS, HashiCorp, Sapphire Ventures, AUM, Adobe, ABM, GE Healthcare, Norwest Venture Partners, Grubhub, Fujitsu, Tiger Global Management, VMware, IHeartMedia, Redpoint Ventures, Sales, Renewable energy, Salesforce, Vonage, Qualification, Autodesk, Sapphire

Qualified , the pipeline generation platform for revenue teams that use Salesforce, today announced $95 million in Series C financing.

Key Points: 
  • Qualified , the pipeline generation platform for revenue teams that use Salesforce, today announced $95 million in Series C financing.
  • Our investors recognize that we have a unique opportunity to disrupt the legacy B2B pipeline generation process, says Kraig Swensrud, founder and CEO of Qualified.
  • With this new capital, we will bring the vision of the Pipeline Cloud to Salesforce customers around the world.
  • Qualified recently announced the Pipeline Cloud , a new set of processes and technologies designed to help modern CMOs meet the evolving needs of B2B buyers and supercharge pipeline.

SAP Announces Q1 2022 Results With Continued Cloud Momentum

Retrieved on: 
Friday, April 22, 2022
Air France–KLM, NEC, Software, Salling Group, Research, Business network, MLP, Wipro, Vodafone New Zealand, BCG, SAP, PetSmart, Investment, IFRS, Acquisition, Adoption, Teleology, Accenture, Business process management, Support, Solution, Partnership, SAP ERP, Pick n Pay Stores, Microsoft, Technology, Heineken, Canon Production Printing, Schaeffler Group, SAP S/4HANA, Merck Group, Process analytical technology, CFO, Growth, Exide Industries, Citizen Watch, Share repurchase, AGM, Sapphire Ventures, FEMSA, Depreciation, TELUS, Maintenance, NHS Shared Business Services, Business process, Bookkeeping, Video game, Maple syrup, Qualtrics, Tramontina, Service, Taulia

The Q1 2022 results were also impacted by other effects.

Key Points: 
  • The Q1 2022 results were also impacted by other effects.
  • In addition, SAP started to shut down its cloud operations and intends to stop the support and maintenance of its on-premise products in Russia.
  • Despite these headwinds, the cloud performance allows SAP to reaffirm its cloud revenue, cloud and software revenue as well as non-IFRS operating profit and free cash flow outlook.
  • Microsoft announced it would become the first public cloud provider to adopt "RISE with SAP" and SAP S/4HANA to transform its own SAP ERP deployment.

REPORT: France surpasses UK in product-led digital transformation

Retrieved on: 
Thursday, April 21, 2022
Pressure, Spark Capital, CEO, Decision-making, Salesforce, Okta, Verizon Communications, Software, Sapphire Ventures, Zendesk, Battery Ventures, OpenTable, LabCorp, Education, Failure, Technology, Morgan Stanley, Meritech Capital Partners, CSAT, Capital Group Companies, Product, Video game, Retail, Management, Cryptocurrency, Sales, Risk management, Pendo

LONDON, April 21, 2022 /PRNewswire/ --France is leading the way in digital product leadership in Europe, edging ahead of the UK and Germany, according to a new report.

Key Points: 
  • LONDON, April 21, 2022 /PRNewswire/ --France is leading the way in digital product leadership in Europe, edging ahead of the UK and Germany, according to a new report.
  • The study is based on a survey of 350 technology product management executives and managers from software and traditional enterprises across France, Germany, and the UK.
  • And in the most innovative companies, product teams are 2X more likely to be responsible for their company's digital transformation efforts.
  • In France, half of businesses cited product teams as responsible for digital transformation, compared to just 38% and 31% in the UK and Germany, respectively.

JumpCloud Launches New Community for IT Admins

Retrieved on: 
Tuesday, April 12, 2022
Zero, Grab, General Atlantic, Research, Community, Sapphire Ventures, Life, SME, Organization, GLOBE, Four square, Budget, Cars.com, PLG, Bell–LaPadula model, GoFundMe, ClassPass, Certification, CrowdStrike, Management, Public relations, Internet service provider, Atlassian

The JumpCloud Community is easily my favorite place to take a break from work, said Steven Hodges, systems administrator at Webspec.

Key Points: 
  • The JumpCloud Community is easily my favorite place to take a break from work, said Steven Hodges, systems administrator at Webspec.
  • Just as JumpCloud University offers free product training and certification on the JumpCloud platform, the JumpCloud Community will be another free resource, with coverage for all IT topics, not only the JumpCloud product.
  • Building connections is a core JumpCloud company value, and that includes community, said Becky Scott, senior manager of technical community at JumpCloud.
  • JumpCloud University , where admins can enroll in free courses for all skill levels and earn official JumpCloud certification.

Pendo Announces Distinguished Author and Professor Tsedal Neeley as Keynote Speaker for Guide: The Digital Adoption Summit

Retrieved on: 
Tuesday, April 12, 2022
Morgan Stanley, Organization, Capital Group Companies, Projective tensor product, Sapphire Ventures, Meritech Capital Partners, AI, LabCorp, CEO, Zendesk, CIO, Software, Algorithm, Technology, OpenTable, Digital, Business Technology Management, Battery Ventures, Harvard Business School, Product, Salesforce, Verizon Communications, Beauty, Pendo, Guide, Spark Capital, The E.L.F., Okta, Management

RALEIGH, N.C., April 12, 2022 /PRNewswire/ -- Pendo, a company that provides software that makes software better, today announced its annual Guide: The Digital Adoption Summit event for forward-thinking IT and business technology leaders to learn and exchange ideas about driving transformation in the digital workplace. The free virtual event is scheduled for May 10, 2022.

Key Points: 
  • Through keynotes and a lively panel discussion, Guide will explore a hot topic in today's workplaces how to empower employees to do their best work, inside software.
  • Headlining the event is Tsedal Neeley, an award-winning author, professor and senior associate dean at Harvard Business School, and keynote speaker on globalization and digital transformation.
  • Pendo customers include the world's leading software companies and digital enterprises, including Verizon, Morgan Stanley, LabCorp, OpenTable, Okta, Salesforce, and Zendesk.
  • Through its Mind the Product and customer communities, sponsored events and podcast, Pendo aims to support the success of product and digital leaders everywhere.