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The HP-Autonomy lawsuit: Timeline of an M&A disaster

CIO

Around the turn of the century, Autonomy Corporation was one of the darlings of the UK technology industry, specializing in knowledge management and enterprise search. November 2005: Autonomy agrees to buy search technology developer Verity for $500 milllion, its third acquisition of the year after NCorp (in February) and etalk (in June).

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CodeSignal secures $50M for its tech hiring platform

TechCrunch

In less than a year after raising $25 million in Series B funding , technical assessment company CodeSignal announced a $50 million in Series C funding to offer new features for its platform that helps companies make data-driven hiring decisions to find and test engineering talent. Hiring talent is the No.

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Battery Ventures Sees AI’s Massive Impact On Tech, And It’s Here Already

Crunchbase News

Battery has made investments in Arize , Weaviate and Galileo in technologies that assist companies with model management and performance. Thakker joined Battery in 2015 to build out its infrastructure, data and cloud practice. And so, we’re seeing this innovation fully impact productivity in the tech sector.”

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Why, and when, CIOs deserve a seat at the M&A negotiating table

CIO

When one company acquires another, it’s typically to enter a new market, gain market share, or obtain a new technology. I know that sounds so ‘duh,’ but often people make acquisitions and only then realize what they bought, technology-wise,” he says. You’re buying people just as much as you’re buying technology,” he says.

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Berlin’s Kaiko Systems nets €2M to help maritime technical operations go paperless

TechCrunch

The average cost of shipping a standard large container reached $10,000 in 2021 , but from 2015 to 2020, the number largely trended below $2,000. The spike in cost was in part due to an increase in global consumption, ports shut down by COVID-19 and supply chain disruptions during the outbreak, the founder explained.

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Early-stage African VC firm, Microtraction reports portfolio boom despite the weight of COVID-19

TechCrunch

In a review of the year published last week, the firm noted that 21 companies in its portfolio have raised more than $33 million in funding. ” Badamosi, who returned to Nigeria from the UK in 2015, worked as the general manager for Starta Africa, an online community for African tech entrepreneurs.

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Kenya-based aquaculture tech Victory Farms nets $5M funding to expand into new markets

TechCrunch

Joseph Rehmann founded Victory Farms in 2015. In 2015, Rehmann teamed up with his longtime business partner Steve Moran to explore Lake Victoria and perform some feasibility studies on how they could use technology to disrupt the country’s cold chain markets. The company recorded a 130% CAGR between 2017 to 2021.