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Business <b>VoIP</b> Services Market Size, Overview and Forecast 2021-2027 Vonage Business ...

Google News - VoIP - 3 hours 2 min ago
The Business VoIP Services market report delivers all the information be it about the forecast, major players, sales dynamics, economic fluctuations, and ...
Categories: VoIP News

Global <b>VoIP</b> Monitoring Software Market 2021 Expanding Current Industry Status by Top Most ...

Google News - VoIP - 4 hours 15 min ago
This report carries out an analysis of the growth rate and the market value of the global VoIP Monitoring Software industry based on market dynamics ...
Categories: VoIP News

Broadband service infrastructure work continues west of Steamboat

Google News - VoIP - 7 hours 40 min ago
The Luminate VoIP phone service has a base price of $33.95 per month, and the fiber-optic connection has four base price levels ranging from $54.95 to ...
Categories: VoIP News

KeepTruckin raises $190 million to invest in AI products, double R&D team to 700

Startup News - 10 hours 23 min ago

KeepTruckin, a hardware and software developer that helps trucking fleets manage vehicle, cargo and driver safety, has just raised $190 million in a Series E funding round, which puts the company’s valuation at over $2 billion, according to CEO Shoaib Makani. 

G2 Venture Partners, which just raised a $500 million fund to help modernize existing industries, participated in the round, alongside existing backers like Greenoaks Capital, Index Ventures, IVP and Scale Venture Partners and funds managed by BlackRock. 

KeepTruckin intends to invest its new capital back into its AI-powered products like its GPS tracking, ELD compliance and dispatch and workflow, but it’s specifically interested in improving its smart dashcam, which instantly detects unsafe driving behaviors like cell phone distraction and close following and alerts the drivers in real time, according to Makani. 

The company says Usher Transport, one of its clients, says it has seen a 32% annual reduction in accidents after implementing the Smart Dashcam, DRIVE risk score and Safety Hub, products that the company offers to increase safety.

G2 Venture Partners raises $500 million to fund sustainable tech

“KeepTruckin’s special sauce is that we can build complex models (that other edge cameras can’t yet run) and make it run on the edge with low-power, low-memory and low-bandwidth constraints,” Makani told TechCrunch. “We have developed in-house IPs to solve this problem at different environmental conditions such as low-light, extreme weather, occluded subject and distortions.”

This kind of accuracy requires billions of ground truth data points that are trained and tested on KeepTruckin’s in-house machine learning platform, a process that is very resource-intensive. The platform includes smart annotation capabilities to automatically label the different data points so the neural network can play with millions of potential situations, achieving similar performance to the edge device that’s in the field with real-world environmental conditions, according to Makani.

A 2020 McKinsey study predicted the freight industry is not likely to see the kind of YOY growth it saw last year, which was 30% up from 2019, but noted that some industries would increase at higher rates than others. For example, commodities related to e-commerce and agricultural and food products will be the first to return to growth, whereas electronics and automotive might increase at a slower rate due to declining consumer demand for nonessentials. 

Since the pandemic, the company said it experienced 70% annualized growth, in large part due to expansion into new markets like construction, oil and gas, food and beverage, field services, moving and storage and agriculture. KeepTruckin expects this demand to increase and intends to use the fresh funds to scale rapidly and recruit more talent that will help progress its AI systems, doubling its R&D team to 700 people globally with a focus on engineering, machine vision, data science and other AI areas, says Makani. 

“We think packaging these products into operator-friendly user interfaces for people who are not deeply technical is critical, so front-end and full-stack engineers with experience building incredibly intuitive mobile and web applications are also high priority,” said Makani. 

Much of KeepTruckin’s tech will eventually power autonomous vehicles to make roads safer, says Makani, something that’s also becoming increasingly relevant as the demand for trucking continues to outpace supply of drivers.

“Level 4 and eventually level 5 autonomy will come to the trucking industry, but we are still many years away from broad deployment,” he said. “Our AI-powered dashcam is making drivers safer and helping prevent accidents today. While the promise of autonomy is real, we are working hard to help companies realize the value of this technology now.”

Mobility startups can be equitable, accessible and profitable

Categories: Business News

CEO Shishir Mehrotra and investor S. Somasegar reveal what sings in Coda’s pitch doc

Startup News - 11 hours 32 min ago

Coda entered the market with an ambitious, but simple, mission. Since launching in 2014, it has seemingly forged a path to realizing its vision with $140 million in funding and 25,000 teams across the globe using the platform.

Coda is simple in that its focus is on the document, one of the oldest content formats/tools on the internet, and indeed in the history of software. Its ambition lies in the fact that there are massive incumbents in this space, like Google and Microsoft.

Co-founder and CEO Shishir Mehrotra told TechCrunch that that level of competition wasn’t a hindrance, mainly because the company was very good at communicating its value and building highly effective flywheels for growth.

Mehrotra was generous enough to let us take a look through his pitch doc (not deck!) on a recent episode of Extra Crunch Live, diving not only into the factors that have made Coda successful, but how he communicated those factors to investors.

A screenshot from Coda’s pitch doc.

Extra Crunch Live also features the ECL Pitch-off, where founders in the audience come “onstage” to pitch their products to our guests. Mehrotra and his investor, Madrona partner S. Somasegar, gave their live feedback on pitches from the audience, which you can check out in the video (full conversation and pitch-off) below.

As a reminder, Extra Crunch Live takes place every Wednesday at 3 p.m. EDT/noon PDT. Anyone can hang out during the episode (which includes networking with other attendees), but access to past episodes is reserved exclusively for Extra Crunch members. Join here.

The soft circle

Like many investors and founders, Mehrotra and Somasegar met well before Mehrotra was working on his own project. They met when both of them worked at Microsoft and maintained a relationship while Mehrotra was at Google.

In their earliest time together, the conversations centered around advice on the Seattle tech ecosystem or on working with a particular team at Microsoft.

“Many people will tell you building relationships with investors … you want to do it outside of a fundraise as much as possible,” said Mehrotra.

Eventually, Mehrotra got to work on Coda and kept in touch with Somasegar. He even pitched him for Series B fundraising — and ultimately got a no. But the relationship persisted.

Categories: Business News

There are only a few spots left in Startup Alley at TC Disrupt 2021

Startup News - 12 hours 30 min ago

Early-stage founders, a shipload of opportunity is about to set sail and you don’t want to miss the boat. We have only a few spots left to exhibit in Startup Alley at TechCrunch Disrupt 2021 (September 21-23). Buy a Startup Alley Pass and take advantage of all the exposure, perks and potential to help your startup cruise to the next level.

Every exhibiting startup gets a virtual booth where you can post a company video and links to your website and social media accounts. But don’t stop there. Hopin, the virtual platform, lets you get creative — and interactive. Schedule and host livestream product demos, tutorials or Q&A sessions. Or cook up some other amazing way to showcase your expertise.

And every exhibiting startup also gets two minutes to pitch live during a breakout session. Your audience? TechCrunch staff and thousands of Disrupt attendees from across the globe. Exposure, practice and invaluable feedback from the pitch-savvy TC crew — jump on board that opportunity.

Team TechCrunch will choose two exhibiting startups to be a Startup Battlefield Wild Card. Those founders will compete in Startup Battlefield for a chance at $100,000. You can’t beat that kind of global attention.

Exhibit in Startup Alley and you might be selected to join the Startup Alley+ cohort. TC staff will choose 50 startups to participate in a VIP experience designed to provide more exposure, education and opportunity — long before Disrupt even starts. The Startup Alley+ experience begins July 9 with free attendance to TechCrunch Early Stage: Marketing & Fundraising. Read more about the business development support you’ll receive as part of Startup Alley+.

Here’s another way exhibitors might gain invaluable exposure at TC Disrupt — a Startup Alley Crawl interview. TC editors will host a one-hour crawl for each business category. During a crawl, they select a few exhibiting startups from the relevant category and interview them live on the Disrupt stage.

Exhibiting in Startup Alley is one big boatload of opportunity and time’s running out to book passage. Buy your Startup Alley Pass today and chart a course for success — at TechCrunch Disrupt 2021 and beyond.

Is your company interested in sponsoring or exhibiting at Disrupt 2021? Contact our sponsorship sales team by filling out this form.

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Categories: Business News

Transform launches with $24.5M in funding for a tool to query and build metrics out of data troves

Startup News - 12 hours 44 min ago

The biggest tech companies have put a lot of time and money into building tools and platforms for their data science teams and those who work with them to glean insights and metrics out of the masses of data that their companies produce: how a company is performing, how a new feature is working, when something is broken, or when something might be selling well (and why) are all things you can figure out if you know how to read the data.

Now, three alums that worked with data in the world of Big Tech have founded a startup that aims to build a “metrics store” so that the rest of the enterprise world — much of which lacks the resources to build tools like this from scratch — can easily use metrics to figure things out like this, too.

Transform, as the startup is called, is coming out of stealth today, and it’s doing so with an impressive amount of early backing — a sign not just of investor confidence in these particular founders, but also the recognition that there is a gap in the market for, as the company describes it, a “single source of truth for business data” that could be usefully filled.

The company is announcing that it has closed, while in stealth, a Series A of $20 million, and an earlier seed round of $4.5 million — both led by Index Ventures and Redpoint Ventures. The seed, the company said, also had dozens of angel investors, with the list including Elad Gil of Color Genomics, Lenny Rachitsky of Airbnb and Cristina Cordova of Notion.

The big breakthrough that Transform has made is that it’s built a metrics engine that a company can apply to its structured data — a tool similar to what Big Tech companies have built for their own use, but that hasn’t really been created (at least until now) for others who are not those Big Tech companies to use, too.

Transform can work with vast troves of data from the warehouse, or data that is being tracked in real time, to generate insights and analytics about different actions around a company’s products. Transform can be used and queried by nontechnical people who still have to deal with data, Handel said.

Data is the world’s most valuable (and vulnerable) resource

The impetus for building the product came to Nick Handel, James Mayfield and Paul Yang — respectively Transform’s CEO, COO and software engineer — when they all worked together at Airbnb (previously Mayfield and Yang were also at Facebook together) in a mix of roles that included product management and engineering.

There, they could see firsthand both the promise that data held for helping make decisions around a product, or for measuring how something is used, or to plan future features, but also the demands of harnessing it to work, and getting everyone on the same page to do so.

“There is a growing trend among tech companies to test every single feature, every single iteration of whatever. And so as a part of that, we built this tool [at Airbnb] that basically allowed you to define the various metrics that you wanted to track to understand your experiment,” Handel recalled in an interview. “But you also want to understand so many other things like, how many people are searching for listings in certain areas? How many people are instantly booking those listings? Are they contacting customer service, are they having trust and safety issues?” The tool Airbnb built was Minerva, optimised specifically for the kinds of questions Airbnb might typically have for its own data.

“By locking down all of the definitions for the metrics, you could basically have a data engineering team, a centralized data infrastructure team, do all the calculation for these metrics, and then serve those to the data scientists to then go in and do kind of deeper, more interesting work, because they weren’t bogged down in calculating those metrics over and over,” he continued. This platform evolved within Airbnb. “We were really inspired by some of the early work that we saw happen on this tool.”

The issue is that not every company is built to, well, build tools like these tailored to whatever their own business interests might be.

“There’s a handful of companies who do similar things in the metrics space,” Mayfield said, “really top flight companies like LinkedIn, Airbnb and Uber. They have really started to invest in metrics. But it’s only those companies that can devote teams of eight or 10, engineers, designers who can build those things in house. And I think that was probably, you know, a big part of the impetus for wanting to start this company was to say, not every organization is going to be able to devote eight or 10 engineers to building this metrics tool.”

And the other issue is that metrics have become an increasingly important — maybe the most important — lever for decision making in the world of product design and wider business strategy for a tech (and maybe by default, any) company.

We have moved away from “move fast and break things.” Instead, we now embrace — as Mayfield put it — “If you can’t measure it, you can’t move it.”

Image Credits: Transform (opens in a new window)

Transform is built around three basic priorities, Handel said.

The first of these has to do with collective ownership of metrics: by building a single framework for measuring these and identifying them, their theory is that it’s easier for a company to all get on the same page with using them. The second of these is to use Transform to simply make the work of the data team more efficient and easier, by turning the most repetitive parts of extracting insights into automated scripts that can be used and reused, giving the data team the ability to spend more time analyzing the data rather than just building data sets. And third of all, to provide customers with APIs that they can use to embed the metric-extracting tools into other applications, whether in business intelligence or elsewhere.

The three products it’s introducing today, called Metrics Framework, Metrics Catalog and Metrics API, follow from these principles.

Transform is only really launching publicly today, but Handel said that it’s already working with a small handful of customers (unnamed) in a small beta, enough to be confident that what it’s built works as it was intended. The funding will be used to continue building out the product as well as bring on more talent and hopefully onboard more businesses to using it.

How to ensure data quality in the era of Big Data

Hopefully might be less a tenuous word than its investors would use, convinced that it’s filling a strong need in the market.

“Transform is filling a critical gap within the industry. Just as we invested in Looker early on for its innovative approach to business intelligence, Transform takes it one step further by providing a powerful yet streamlined single source of truth for metrics,” said Tomasz Tunguz, MD, Redpoint Ventures, in a statement.

“We’ve seen companies across the globe struggle to make sense of endless data sources or turn them into actionable, trusted metrics. We invested in Transform because they’ve developed an elegant solution to this problem that will change how companies think about their data,” added Shardul Shah, a partner at Index Ventures.

Categories: Business News

Softphone Software Market to Witness Rapid Growth by 2027 | Skype, Ekiga, 3CX, NCH Software ...

Google News - VoIP - 13 hours 12 min ago
Softphone Software is an application software that allows users to use voice over internet protocol (VoIP) system on smart devices such as personal ...
Categories: VoIP News

Anduril raises $450M as the defense tech company’s valuation soars to $4.6B

Startup News - 13 hours 13 min ago

The AI-powered defense company founded by tech iconoclast Palmer Luckey has landed a $450 million round of investment that values the startup at $4.6 billion just four years in.

In April, reports suggested that the company was on the hunt for fresh investment and headed for a valuation between four and five billion, up from $1.9 billion in July 2020.

The new Series D round was led by angel investor and serial entrepreneur Elad Gil, a former Twitter VP and Googler with a track record of investments in companies with exponential growth. Andreessen Horowitz, Founders Fund, 8VC, General Catalyst, Lux Capital, Valor Equity Partners and D1 Capital Partners also participated in the round.

“Just as old incumbent institutions with little to no organizational renewal impacted our ability to respond to COVID, the defense industry has undergone significant consolidation over the last 30 years,” Gil wrote in a blog post on the investment. “There has not been a new defense technology company of any scale to directly challenge these incumbents in many decades…”

Anduril launched quietly in 2017 but grew quickly, picking up contracts with Customs and Border Protection and the Marine Corps during the Trump administration. Luckey, the young high-flying founder who sold Oculus to Facebook before being booted from the company, emerged as one of President Trump’s most prominent boosters in the generally Trump-averse tech industry.

The company makes defense hardware, including long-flying drones and surveillance towers that connect to a shared software platform it calls Lattice. The technology can be used to secure military bases, monitor borders and even knock enemy drones out of the sky, in the case of Anduril’s counter-UAS tech known as “Anvil.”

Anduril co-founder and CEO Brian Schimpf describes the company’s mission as one of “transformation,” pairing relatively affordable hardware with sensor fusion and machine learning technologies through a contract partner more nimble than established giants in the defense sector.

“This new round of funding reflects our confidence that the Department of Defense sees the same problems we do, and is serious about deploying emerging technologies at scale across land, sea, air and space domains,” Schimpf said.

Anduril launches a smarter drone and picks up more money to build a virtual border wall

Border wall bill draws on Palmer Luckey’s new defense company

The company set its sights on work with the Department of Defense from its earliest days and last year was one of 50 vendors tapped by the DoD to test tech for the Air Force’s own piece of the Joint All-Domain Command & Control (JADC2) project, which seeks to build a smart warfare platform to connect all service members, devices and vehicles that power the U.S. military.

The company’s work with U.S. Customs and Border Protection also matured from a pilot into a program of record last year. Anduril supplies the agency with connected surveillance towers capable of autonomously monitoring stretches of the U.S. border.

In April, Anduril acquired Area-I, a company known for small drones that can be launched from a larger aircraft. Area-I counted the U.S. Army, Air Force, Navy and NASA among its customers, relationships that likely sweetened the deal.

Palmer Luckey’s new defense company Anduril looks interested in AR and VR on the battlefield

Anduril among companies tapped to build the Air Force’s ‘internet of things’ for war

Categories: Business News

Mobility startups can be equitable, accessible and profitable

Startup News - 13 hours 33 min ago

Mobility should be a right, but too often it’s a privilege. Can startups provide the technology and the systems necessary to help correct this injustice? Shared micromobility, in particular, offers an opportunity for more equitable and accessible mobility within cities, but only if done intentionally. Building equity and accessibility into the business model is not always top of mind for startups looking to pay back investors and make money, and it’s a time-consuming task. Is it still possible to achieve those goals while remaining profitable?

At our TC Sessions: Mobility 2021 event, I sat down with Revel CEO and co-founder Frank Reig, Remix CEO and co-founder Tiffany Chu, and community organizer, transportation consultant and lawyer Tamika L. Butler to discuss how mobility companies should think about equity, why incorporating it from the get-go will save money in the long run, and how they can partner with cities to expand accessible and sustainable mobility.

What does equity mean?

Shared mobility services have often directly appealed to the young, able-bodied and affluent, especially when they first dropped into cities around the world. Older populations and communities of color have been less likely to either have access to or to use shared mobility services, but that’s beginning to change. As mobility startups consider how to weigh providing equitable service while maintaining a profit, Butler outlined the importance of thinking about those who are most vulnerable.

Who isn’t this helping? And it doesn’t matter if that’s a small amount of people, right? So you might say something like, people with disabilities might be proportionally a smaller number of people, Black people might be proportionally a smaller number of people. But if you make things better for folks with a disability, say, by adding curb cuts into sidewalks, that actually makes things better for a ton of people. And so you may be thinking of it … only helping a small group of people. And I think we really have to shift the way we think about equity. It’s not just numbers, who is this going to help the most, it’s … who is often intentionally neglected or pushed aside because their numbers aren’t big enough? (Timestamp: 19:10)

Build equity into the business model from the start

Many startups are just trying to keep their idea alive and start a business at the beginning. They want to solve an essential problem, like lack of socially distanced mobility options, and prove their unit economics so they don’t come back to their investors empty handed. Some companies might even be of the mindset that building equity and accessibility into their business model isn’t their concern. But delivering on those core values will just be the price of doing business in the future, so it certainly should be their concern, Butler said.

I think for companies, I would say that people like to say it takes too much time or costs too much money to do things equitably. But whether or not you’re retrofitting a house or whether or not you’re retrofitting your company, whenever you retrofit something, it costs more money. And so if you think about equity as something you just build in from the beginning, it will actually save you money and take less time than if you try to do it later because someone tells you to do it or you’ve had some controversy or you all of a sudden feel bad. (Timestamp: 4:50)

Reig chimed in to talk about Revel’s access program, which gives 50% off to riders who are on any form of public assistance.

So the access program, for instance, was something from day one. That wasn’t something we added in a year or two later after venture funding … that was still when we were bootstraped, you know, a company in North Brooklyn with 70 mopeds. From day one, I’ve never used the gig economy, customer service agent mechanic battery swapper, from day one, every single person on the team is a regular employee. And I think that’s just a cultural ethos I’ve always wanted in the company. (Timestamp: 6:04)

Micromobility’s potential to alleviate transit deserts
Categories: Business News

Wise announces plans to go public via direct listing

Startup News - 14 hours 57 min ago

Wise, the fintech company formerly known as TransferWise, has announced that it wants to become a public company on the London Stock Exchange. Instead of following the traditional IPO route, Wise plans to go public via a direct listing. This is going to be the biggest direct listing on the London Stock Exchange.

If you’re not familiar with Wise, the company specializes in cross-border money transfers. If you want to send money to someone living in another country, traditional retail banks charge a lot in foreign exchange fees, foreign transaction fees, etc.

Of course, there are some well-known alternative options, such as Western Union and MoneyGram. While those companies provide some convenient on-ramp and off-ramp methods, they’re still more expensive than Wise.

With Wise, users first upload money to their Wise account using a bank transfer or a debit card. They can then send money in another currency to a recipient’s bank account. The company tries to be as transparent and upfront as possible when it comes to fixed and variable fees.

TransferWise rebrands as Wise ahead of an expected IPO

Originally founded in 2011, Wise has grown quite a lot as its revenue grew from $422 million to $586 million in its most recent financial year (from £303 million to £421 million, respectively). It represents $57 million (£41 million) in profit before tax — the company says it has been profitable since 2017.

Overall, Wise has 10 million customers who process around $7 billion (£5 billion) in cross-border transactions every month. More recently, the company diversified its revenue by adding new products.

For instance, customers can hold money in 56 currencies in their Wise accounts. They get account numbers in 10 different currencies as well as a debit card. This feature is particularly useful for freelancers who want to accept payments in another country or people moving abroad for a year or two.

The company has also expanded beyond B2C with Wise Business. Those accounts work a bit like regular Wise accounts, but with multiple users and additional features. Wise also powers cross-border transactions in third-party services, such as Monzo and N26.

Opting for a direct listing is an interesting move. A few companies have chosen direct listings in the U.S., such as Spotify, Coinbase and Slack. It means that you’re confident there’ll be enough interest from investors, as banks aren’t helping you with your introduction.

It also means that Wise doesn’t need more money, as a direct listing doesn’t let you raise additional capital.

Like many tech companies, Wise plans to introduce a dual-class share structure, which means that all of Wise’s existing shareholders will get more votes per share for a while. This is going to be an important listing for the European fintech scene and also for the British tech ecosystem. Now, let’s see how investors feel about Wise.

Coinbase’s direct listing alters the landscape for fintech and crypto startups

Categories: Business News

Global <b>VoIP</b> Services Market Research Report, Growth Trends and Competitive Analysis 2021-2027

Google News - VoIP - 15 hours 37 min ago
VoIP Services Market Size 2021 by Product Sales, Revenue, Price, Market Share, Growth Opportunity and Forecast to 2024 Research Report I Top ...
Categories: VoIP News

Finnish Defence Forces choose Bittium for system support

Google News - VoIP - 16 hours 6 min ago
The Tough VoIP Service software product allows for fixed data and wireless tactical data network users to be connected to the same voice service ...
Categories: VoIP News

IP PBX Market 2020-2025 Industry Key Manufacturers, Trend and Demand Research

Google News - VoIP - 16 hours 17 min ago
VoIP Phones IP PBX Servers VoIP Gateway. In Chapter 7, on the basis of applications, the IP PBX market from 2015 to 2025 covers: Enterprise
Categories: VoIP News

Neo4j raises Neo$325M as graph-based data analysis takes hold in enterprise

Startup News - 16 hours 35 min ago

Databases run the world, but database products are often some of the most mature and venerable software in the modern tech stack. Designers will pixel push, frontend engineers will add clicks to make it more difficult to drop out of a soporific Zoom call, but few companies are ever willing to rip out their database storage engine. Too much risk, and almost no return.

So it’s exceptional when a new database offering breaks through the barriers and redefines the enterprise.

Neo4j, which offers a graph-centric database and related products, announced today that it raised $325 million at a more than $2 billion valuation in a Series F deal led by Eurazeo, with additional capital from Alphabet’s venture wing GV. Eurazeo managing director Nathalie Kornhoff-Brüls will join the company’s board of directors.

That funding makes Neo4j among the most well-funded database companies in history, with a collective fundraise haul of more than half a billion dollars. For comparison, MongoDB, which trades on Nasdaq, raised $311 million in total (according to Crunchbase) before its IPO. Meanwhile, Cockroach Labs of CockroachDB fame has now raised $355 million in funding, including a $160 million round earlier this year at a similar $2 billion valuation.

The past decade has seen a whole new crop of next-generation database models, from scale-out SQL to document to key-value stores to time series and on and on and on. What makes graph databases like Neo4j unique is their focus on the connections between individual data entities. Graph-based data models have become central to modern machine learning and artificial intelligence applications, and are now widely used by data analysts in applications as diverse as marketing to fraud detection.

CEO and co-founder Emil Eifrem said that Neo4j, which was founded back in 2007, has hit its growth stride in recent years given the rising popularity of graph-based analysis. “We have a deep developer community of hundreds of thousands of developers actively building applications with Neo4j in any given month, but we also have a really deep data science community,” he said.

In the past, most business analysis was built on relational databases. Yet, inter-connected complexity is creeping in everywhere, and that’s where Eifrem believes Neo4j has a durable edge. As an example, “any company that ships stuff is tapping into this global fine-grain mesh spanning continent to continent,” he suggested. “All of a sudden the ship captain in the Suez Canal … falls asleep, and then they block the Suez Canal for a week, and then you’ve got to figure out how will this affect my enterprise, how does that cascade across my entire supply chain.” With a graph model, that analysis is a cinch.

Neo4j says that 800 enterprises are customers and 75% of the Fortune 100 are users of the company’s products.

We last checked in with the company in 2020 when it launched 4.0, which offered unlimited scaling. Today, Neo4j comes in a couple of different flavors. It’s a database that can be either self-hosted or purchased as a cloud service offering which it dubs Aura. That’s for the data storage folks. For the data scientists, the company offers Neo4j Graph Data Science Library, a set of comprehensive tools for analyzing graph data. The company offers free (or “community” tiers), affordable starting tiers and full-scale enterprise pricing options depending on needs.

Neo4j 4.0 graph database platform brings unlimited scaling

Development continues on the database. This morning at its developers conference, Neo4j demonstrated what it dubbed its “super-scaling technology” on a 200 billion node graph with more than a trillion relationships between them, showing how its tools could offer “real-time” queries on such a large scale.

Unsurprisingly, Eifrem said that the new venture funding will be used to continue doubling down on “product, product, product” but emphasized a few major strategic initiatives as critical for the company. First, he wants to continue to deepen the company’s partnerships with public cloud providers. It already has a deep relationship with Google Cloud (GV was an investor in this round after all), and hopes to continue building relationships with other providers.

It’s also seeing a major uptick in interest from the APAC region. Eifrem said that the company recently opened up an office in Singapore to accelerate its sales in the broader IT market there.

Overall, “We think that graphs can be a significant part of the modern data landscape. In fact, we believe it can be the biggest part of the modern data landscape. And this round, I think, sends a clear signal [that] we’re going for it,” he said.

Erik Nordlander and Tom Hulme of GV were the leads for that firm. In addition, DTCP and Lightrock newly invested and previous investors One Peak, Creandum and Greenbridge Partners joined the round.

How to identify unicorn founders when they’re still early-stage

Categories: Business News

Global <b>VoIP</b> Monitoring Software Market 2021: Industry Future Set to Massive Growth with High ...

Google News - VoIP - 17 hours 2 min ago
The VoIP Monitoring Software report provides significant information such as market growth including driving forces, constraints, lucrative opportunities, ...
Categories: VoIP News

Karin Tsai, director of engineering at Duolingo, will be speaking at TechCrunch City Spotlight: Pittsburgh on June 29

Startup News - 17 hours 6 min ago

TechCrunch City Spotlight: Pittsburgh is getting closer, with impressive featured speakers including Carnegie Mellon University President Farnam Jahanian and Mayor Bill Peduto. However, we’ve saved the best for last: Our last speaker is Karin Tsai, director of engineering at Duolingo, a $2.4 billion business that is all about making language learning fun and accessible.

The event will be held on June 29, so make sure to register here (for free) to listen to these conversations, enjoy the pitch-off and network with local talent.

Tsai joined Duolingo in 2012 as one of its first engineers, and witnessed firsthand the growth of the company from a scrappy startup into a 400-person global business. Her timestamp on the company has made her a key decision-maker in many of its biggest decisions, from which features to scrap to how to monetize without compromising its mission of providing free education to all.

One thing to note is that even though a whimsical owl and creative UX might seem straightforward, the language learning universe is controversial and requires healthy debate — and testing — for anyone within it.

The Duolingo EC-1

“We’re trying to do things that no other apps really tackle: How do we create an experience that actually makes you extremely proficient in a language while accommodating the expectations from our learners” to be fun and convenient, Tsai told me when I interviewed her for my Duolingo EC-1. “Balancing efficacy with engagement is something that we constantly struggle with.”

In this chat, Tsai will break down how Duolingo turned to A/B testing to answer some of its biggest questions. We’ll also chat about more meta topics, as when to give up on measuring the unmeasurable, and when tests fail and instinct reigns supreme. Tsai admitted to me once that Duolingo spent years trying to figure out how to find a metric that could encompass learning comprehension and engagement in one fell swoop.

“What used to freeze us is that we thought we would need such a metric to make progress,” she explained. “And I think what honestly liberated us was saying essentially, ‘Screw it.’ We couldn’t make progress waiting for a learning metric.”

I’ll be interviewing Tsai, so anyone who registers for this event is welcome to throw me questions for her that I’ll try to incorporate into my chat.

Tsai will give us the startup builder perspective, while Mayor Peduto will speak to the challenges of building a startup ecosystem, and Carnegie Mellon University President Farnam Jahanian will discuss how to go from student to startup with the correct resources.

Don’t forget to register for this free event on June 29th (click here to register) so you can watch these chats and riff with audience members during networking opportunities. If you’re an early-stage startup founder based in Pittsburgh, you should apply to pitch your startup (click here to apply). Expect to do a live two-minute pitch, get feedback from local VCs, and maybe even win our pitch-off.

Pitch us, Pittsburgh

I can’t wait to see you there!

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