One more Y Combinator startup from the March 2012 class has bagged a seed round of funding. PlanGrid, which has created a groundbreaking app for the construction industry, has raised $1.1 million from a notable list of backers. They include Suleman Ali, founder and CEO of TinyCo; Sam Altman, founder of Loopt; Paul Buchheit, the creator of Gmail; Matt Cutts, the head of Google’s Webspam team, and Ray Levitt, Director of Stanford University’s Construction Engineering department; 500 Startups; and Y Combinator itself.
Plus, here’s a twist: the funding marks the first investment in a startup (outside of acquisitions) by the cloud-services company Box, as part of its /bin Box Innovation Network initiative. → Read More
No, NFC still hasn’t come to the iPhone — or many other devices, for that matter. But this does not appear to be stopping the momentum in the world of mobile payments. Research out today from Gartner says that this year will see more than $171.5 billion in mobile payment transactions — a rise of over 60 percent on 2011′s $105.9 billion — with 212.2 million people (up 32 percent from 160.5m in 2011) using some form of mobile payment service. And what’s fuelling the rise? Despite the rise of smartphones, it’s legacy-based services like SMS and web-based transactions.
Longer term, Gartner believes that transactions will reach a volume of $617 billion by 2016 — with average growth slightly slowing down to around 42 percent — with 448 million users using such services.
→ Read More
Sponsored Ads
Google just announced that its Google Apps for Business service has earned ISO 27001 certification. This certifies that Google is following the standard ISO information security management protocols and best practices “for the systems, technology, processes and data centers serving Google Apps for Business.” If you’re a startup or individual user, chances are you don’t care too much about whether a company you are working with is following any of the ISO’s over 19,000 standards. This certification, however, will likely give give larger and more highly regulated businesses (and the executives who sign off on these deals) the necessary reassurances that moving to Google’s cloud solutions is safe. → Read More
Box is releasing a number of new features today, with the broad theme of addressing “the needs of our largest enterprise customers in deploying this kind of technology,” according to CEO Aaron Levie.
Those features include the ability to search files across an entire company, a new dashboard offering more granular controls for company administrators, mobile security options like passcode locks, support for multiple email domains, activity notification archiving, and a new enterprise licensing agreement. Altogether, Levie says this means big companies can manage organization-wide Box deployments “at a scale that was never before possible.” This should also help some of those larger customers address issues like regulatory compliance. → Read More
Kony Solutions, the unfortunately named makers of a write once, run everywhere mobile app development platform today announced that it has closed a $15 million series C round of financing. The funding was led by New York City-based venture capital firm, Insight Venture Partners, a 17-year-old firm that has invested in companies like Tumblr, Buddy Media, Wix, Chegg, and Twitter — to name a few. → Read More
Confirming rumors from last week, HP just publicly announced a layoff plan that will result in a reduction of 8% of its workforce. Shortly after releasing the memo to Wall Street, HP CEO Meg Whitman sent a company-wide video message explaining the future of Bill Hewlett and David Packard’s company.
She acknowledges throughout that HP is currently in trouble stating in the beginning, “HP’s performance is still not where it needs to be” and “We have a lot of work ahead of us to get HP back on track.” She also explains, a bit comically and perhaps erroneously, that “[HP] is currently rebuilding credibility one quarter at time, and to do that, we need to consistently deliver on what we say.” → Read More
Sponsored Ads
Within HP’s quarterly results today, a bit of a development for Autonomy, the company’s $10.2 billion enterprise software purchase from last year that was profitable when HP bought it but in the last quarter saw “significant” declines in its core licensing revenue: its founder and head Mike Lynch is stepping down, and he is getting replaced by a HP man: chief strategy officer and EVP of enterprise software Bill Veghte.
HP says in its Q2 earnings release that this is being done to help improve Autonomy’s performance. In an internal memo to employees, which TechCrunch has obtained, CEO Meg Whitman says that the move is being made to as a mark of how HP is “investing to speed development across Security, Information and Management Infrastructure for both on-premise IT and in the cloud – with a key focus on software-as-a-service offerings.” The same strategy will be applied to the company’s Vertica business, Whitman noted in the memo.
→ Read More
Business software giant SAP announced today that it will acquire Ariba’s cloud -based business commerce network for approximately $4.3 billion. SAP’s subsidiary, SAP America, Inc., is offering $45 per share for the platform, and plans to close the deal during the third quarter, pending Ariba shareholder approval of the sale. Ariba had 100.2 million shares on the market, as of March 31st, according to an AP report citing FactSet data.
→ Read More
Most businesses need to be able keep in touch with their customers and provide customer service over the phone, but rolling out a call center can be expensive. Not just that, but most call center software today isn’t very good at keeping tabs on customers and presenting all the information that businesses need to serve them better. That’s why Talkdesk is launching its cloud-based call center software Tuesday as part of the Startup Battlefield at TechCrunch Disrupt.
The startup enables call agents to know everything about customers when they call, based on reverse lookup of the customer’s phone number, without having to ask for their information. It also integrates with the existing CRM systems that companies use, such as SalesForce, as well as helpdesk software like ZenDesk and Desk.com. But it also hooks into Twitter and Facebook to find public information about customers from social networks. → Read More
Software is eating another part of the world. (Or at least the next generation of software is eating the older 1970s-era kind.)
Sunglass, which is coming out of beta today at TechCrunch Disrupt New York, should bring a bit of joy to longtime CAD users and professional architects and designers. The company is launching very social, browser-based software for 3D modeling.
“This is like Google Docs for 3D objects,” said CEO and co-founder Kaustuv DeBiswas. “We’re taking traditional desktop software from the architecture world and putting it in the cloud.” Sunglass is undercutting existing computer-aided design software dramatically. Normally, this older software can cost anywhere from $5,000 to $50,000, he adds. In contrast, the most basic version of Sunglass is free and then designers can pay for extra apps or add ons.
→ Read More
If you are in the business of needing to process shopping for your ecommerce startup then this is going to be of interest. If not, look away now.
Today at TechCrunch Disrupt in New York the startup PayLeap, which is a payment platform for ecommerce, is reaching out with a new program to help fund the development of applications connecting to their payment gateway platform.
Whether it’s marketing spiel or not, PayLeap claims to have “set aside” $1 million in funding to cover developers upfront, as well as a residual stream back from referred businesses that have active payments with the company.
→ Read More
Yottaa, the Boston-based startup that offers cloud-based web performance monitoring and optimization services for small businesses, is today announcing that it has closed a $9 million series B financing round. Each of the startup’s existing investors, including General Catalyst Partners, Stata Venture Partners and Cambridge West Ventures, re-upped for Yottaa’s series B, joined by additional undisclosed investors.
Yottaa’s new round brings its total funding to $13 million and will be primarily allocated towards product development and increasing the rapidity of its product release cycle, as Yottaa gears up to add further features and components to its suite of services that aim to optimize, protect, and monotor websites and critical web apps for organizations of all stripes, but particularly the little guys — startups and SMBs. → Read More
The team behind Salesforce.com’s enterprise social networking app Chatter is making a big push for real-time communication with two new features — Chatter Messenger and Chatter Screensharing.
Chatter Product Marketing Director Dave King demonstrated Messenger and Screensharing for me earlier today and, well, they look like instant messaging and screensharing, just, y’know, in Chatter. King admits that there are other enterprise IM tools out there (there’s part the TechCrunch team uses HipChat, for example), but he says it’s the “in Chatter” part that’s really important. → Read More
GitHub, the source code hosting and collaboration service, has been growing like gangbusters. The site now has over 1.6 million registered developers, hosting over 2.8 million repositories on everything from jQuery and Ruby on Rails to node.js and Redis. At the outset, Github was just a side project, a tool to make developers’ lives easier (its first slogan: “Git hosting: No longer a pain in the ass.”) Github is still a boot-strapped operation, but as both its user base and its own hacker collective (now at 73 strong) have grown, there has been an increasing demand for tools that fall outside Apple’s domain.
Today, about 50 percent of GitHub’s traffic comes from Windows users, and, as a result, the startup has finally heeded demand and is now officially bringing the party to Windows, launching a desktop app to address the challenges of developing on Windows and to make it easy for Windows developers to collaborate in open-source and private repositories. → Read More
How is data moved between systems? In the enterprise environment, point-to-point application interfaces are either handled with expensive and cumbersome utilities or, more likely, with custom code…and frankly, a lot of manual labor. BroadPeak Partners has a better idea. The company is today introducing its application known as K3 Server, a system that aims to disrupt the traditional enterprise interface market by making it easier for I.T. to build, and for end users to tweak, the way code is handled, transformed, reconciled, mapped and enriched as it moves in between systems.
→ Read More
The web is a vast, mostly useless, wasteland with bits of information held in random silos scattered about. Cyfeon Solutions’ Answer Factory attempts to unite these locations in the spirit of increased productivity.
As I was told by founder Brandon Smith, its goal is to provide business users a solution that allows them to make better business decisions by pulling in data from multiple sources from across the web. → Read More
Brad Garlinghouse, who just took over as CEO of YouSendIt and used to be a senior vice president at Yahoo several years ago, has a few ideas for the ailing web giant. The company’s got a pile of cash including $2.6 billion in cash and marketable securities from the end of last quarter, plus $6.3 billion more from selling the Alibaba stake over the weekend.
“Yahoo has billions and billions of dollars. Yahoo can do anything that they want,” he said, adding that he thinks the homepage alone is worth more than $1 billion in search and advertising revenue. Garlinghouse thinks the company should be aggressive about acquiring young companies to bring in entrepreneurial leadership. At the top of his list are Flipboard and Gravity. → Read More
Freshdesk, the makers of cloud-based help desk software that allows companies to support their customers through email, phone, website, Facebook and Twitter, are on a mission to compete with the big boys of the space, like Zendesk and Salesforce’s Desk.com. Though it believes that the biggest market opportunity down the road will be in offering a unique brand of cloud-based customer support to the enterprise, Freshdesk wants to entice (and give back to) the little guys as well.
That’s why the startup is today announcing the first phase of its “Future Fund,” which will provide customer support services to 501 startups and early-stage businesses through $10 million-worth of services which includes free support for one year. Any startup with less than $1 million in annual revenue qualifies, but to get thing started, Freshdesk has teamed up with incubators and angel funds, like YouWeb, Tandem Entrepreneurs, Internet India Fund, 500 Startups, and Proudly Made. → Read More
HP is reportedly going to be announcing massive layoffs next Wednesday. Conflicting reports state somewhere between 25K and 30K jobs, between 7% and 8% of HP’s global workforce, could be eliminated in an effort to absorb losses from decreasing demand for the company’s products and services. The cuts could happen over the next year, rather than a mass layoff, according to AllThingsD who also state that the total number is still undecided.
Wall Street is reacting positively to the news. HP’s stock price dropped shortly after the news but quickly recovered and started climbing with word of the restructuring. During the writing of this post, the stock price dropped slightly but is still up for the day. → Read More
Pearson, the educational publisher, today made a move to beef up its international professional IT testing business: it announced that it is buying Certiport, a developer, marketer and distributor of certification exams and practice tests for IT and digital literacy skills, for $140 million in cash from the private equity firm Spire Capital Partners.
The deal will give Pearson’s VUE unit, where Certiport will sit, much further reach into the retail distribution of testing services in markets outside of the U.S. and UK: Certiport currently sells its certifications and assessments through a network of 12,000 testing centers operated by 70 partners in 150 countries, serving the range of skills in the world of IT. In all, it delivers 225,000 exams in 27 languages every month, and generated revenues of $48 million in 2011.
→ Read More
Sponsored Ads
San Francisco, CA
