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Microsoft’s latest OpenAI investment opens way to new enterprise services

CIO

A move that is likely to unlock similar investments from competitors — Google in particular — and open the way for new or improved software tools for enterprises large and small. Up to that point, OpenAI had only allowed enterprises and academics access to the software through a limited API.

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Fintech outperformed the market in 2021, and it’s set to do even better

TechCrunch

The former commercial chief (Product, Sales and Marketing) at PayPal, he now leads fintech investing at Matrix Partners, where he also invests in consumer marketplaces and enterprise software. We were bullish on fintech when we launched the Matrix Fintech Index in 2017, but even we underestimated the magnitude of the growth to come.

Fintech 269
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Givz raises $3M in seed funding to make donations a marketing tool for businesses

TechCrunch

Givz was founded in 2017 to make charitable giving more accessible and convenient for the masses. In March 2020, right before the COVID-19 pandemic hit, the company pivoted from B2C to B2B and used the technology rails it had built to create the e-commerce marketing platform that Givz is today.

Marketing 246
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Vista acquires Gainsight for $1.1B, adding to its growing enterprise arsenal

TechCrunch

Vista Equity Partners hasn’t been shy about scooping up enterprise companies over the years, and today it added to a growing portfolio with its purchase of Gainsight. Gainsight CEO Nick Mehta likes the idea of being part of Vista’s portfolio of enterprise companies, many of whom are using his company’s products.

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Harbr raises $38.5M to help enterprises exchange and share big data troves securely

TechCrunch

It plans to use the money to hire more people to meet the demand of serving more enterprise customers, and for R&D. Harbr has been around since 2017, but it only came out of stealth mode earlier this year, in May. Spiegel is also an investor, with an extensive enterprise data services resume to his name. government.

Big Data 270
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Cribl raises $200M to help enterprises do more with their data

TechCrunch

The San Francisco-based company is developing an “open ecosystem of data” for enterprises that utilizes unified data pipelines, called “ observability pipelines ,” to parse and route any type of data that flows through a corporate IT system. Up next, the company is focusing on go-to-market and engineering growth. Enter Cribl.

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Musculoskeletal medical startups race to enter personalized health tech market

TechCrunch

And the money market is certainly there: In 2017, the global MSK medical market was valued at $57.4 billion ; the market for chronic pain, which overlaps with MSK medicine, is expected to hit $151.7 billion in value by 2030.

Marketing 249