Tue.Jun 22, 2021

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How much to pay yourself as a SaaS founder

TechCrunch

“If you’re the founder of a seed-stage [company and] you’re worried about your electricity staying on this month, then your salary is too low. If you’re saving $10,000/mo, then your salary is probably higher than necessary,” investor Leo Polovets wrote in a Twitter thread. Ultimately, a good test is to ask how you’ll feel if your startup fails: Will you wonder if your salary contributed to its fall?

Examples 254
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Versioned Value

Martin Fowler

When a distributed system has mutable data, nodes need to know which is the most recent value, so a versioned value stores a version number with every value. more….

System 208
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Viva Republica, developer of Korean financial super app Toss, raises $410M at a $7.4B valuation

TechCrunch

Viva Republica, the Seoul-based fintech company behind Toss , a super app with more than 40 financial services, announced today it has raised $410 million at a post-money valuation of $7.4 billion. The new funding was led by Alkeon Capital, an American investment firm, and included participation from new investors like Korea Development Bank, and returning backers Altos Ventures and Greyhound Capital.

Banking 252
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Report: The State of Cloud-Native Application Security

DevOps.com

The cloud brings tremendous capabilities in terms of increased deployment fluidity and automation. Along with cloud adoption has come the use of cloud-native tools built specifically for developing applications for this domain. However, cloud-native tools carry some nuanced security concerns, such as misconfigurations, known vulnerabilities and leaked secrets.

Report 145
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Get Better Network Graphs & Save Analysts Time

Many organizations today are unlocking the power of their data by using graph databases to feed downstream analytics, enahance visualizations, and more. Yet, when different graph nodes represent the same entity, graphs get messy. Watch this essential video with Senzing CEO Jeff Jonas on how adding entity resolution to a graph database condenses network graphs to improve analytics and save your analysts time.

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Lidar company Quanergy to go public via $1.4B SPAC deal

TechCrunch

Quanergy Systems, the Sunnyvale, California-based lidar company, said Tuesday it has agreed to merge with special purpose acquisition fund CITIC Capital Acquisition Corp., a Chinese blank-check firm affiliated with the country’s largest state-owned investment conglomerate. The deal, which puts an implied valuation on Quanergy at $1.4 billion, is expected to close in the second half of 2021.

Company 252

More Trending

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Oyster, an HR platform for distributed workforces, snaps up $50M on a $475M valuation

TechCrunch

The future of work is long on long-distance, and today a startup that’s built a platform to help organizations hire global talent and build out those remote workforces is announcing a round of funding on the heels of strong growth. Oyster — which provides tools to help with hiring, onboarding, payroll, benefits and salary management services for both contractors and full-time employees working outside of an organization’s home country — has closed a Series B of $50 millio

Trends 249
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How Containers Simplify DevOps Workflows and CI/CD Pipelines

DevOps.com

DevOps enables organizations to capitalize on the flexibility of cloud resources in real-time, which is a huge game changer. Just as the adoption of Agile methodology can make a development team more responsive, DevOps revolutionizes implementation of IT objectives from end to end, from a waterfall-style process gating company productivity to a dynamic process that […].

DevOps 145
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Why Amazon should pay attention to Shein

TechCrunch

Amazon commands a vast, dominating empire in the world of e-commerce. While its marketplace has proved a boon for businesses trying to get off the ground, many of the more successful companies are now looking beyond the e-commerce giant’s fences, spurred by a desire to compete on their own terms. This trend has mushroomed as online shopping burgeoned over the past five years.

Apparel 246
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Palantir Recognized with Amazon Web Services Global Public Sector Partner Award

CTOvision

Palantir Technologies Inc. announced today that it was named as a 2021 Global AWS Partner Network (APN) Public Sector Partner Award winner for its Palantir platform in its work to combat COVID-19. The AWS Global Public Sector Partner Awards recognize leaders in the channel playing a key role helping customers drive innovation and build solutions […].

AWS 121
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Streamlining Database Compliance with CI/CD Integration

IT leaders know the importance of compliance at every level, but the database often gets left behind as other environments are automated for robust protection. This whitepaper emphasizes the importance of robust, auditable, and secure database change management practices for safeguarding organizational compliance. Learn how automating database compliance: Mitigates risk Protects against security vulnerabilities Helps avoid regulatory penalties Aligns database workflows with app lifecycle Turns d

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Australian fintech Zeller lands $50M AUD led by Spark Capital at a $400M AUD valuation

TechCrunch

Zeller , a Melbourne-based fintech founded by former Square executives to serve small- to mid-sized businesses, has raised $50 million AUD (about $37.5 million USD) led by Spark Capital, the investment firm whose portfolio also includes Twitter, Slack and Coinbase. Zeller’s valuation is now $400 million AUD (about $301 million USD). The funding included participation from returning investors Square Peg, Apex Capital Partners and Addition, and brings Zeller’s total raised in under a year to

Fintech 240
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Ethereum’s current inertia: Will this be the case for long?

CTOvision

Read Jibin George take a look at the stagnating Ethereum prices and the future on AMB Crypto : Ethereum, at the time of writing, was over 40% off its ATH of $4,356 on the back of the depreciation event that struck the wider crypto-market in mid-May. While steady, sustained, and steep recovery has been hard […].

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Holy Grail raises $2.7M seed fund to create modular carbon capture devices

TechCrunch

The founders of Holy Grail, a two-year old startup based in Cupertino, California, are taking a micro approach to solving the outsized problem of capturing carbon. The startup is prototyping a direct air carbon capture device that it is modular and small — a departure from the dozens of projects in the U.S. and abroad that aim to capture CO2 from large, centralized emitters, like power plants or industrial facilities.

Chemicals 236
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The Incident Review: 4 Times When Typos Brought Down Critical Systems

Dzone - DevOps

Ask an SRE to name the most serious threats to reliability, and typos probably won’t feature on the list. But maybe they should. Sometimes, an errant keystroke is all it takes to bring critical systems offline. And unlike text messages and email, these systems don’t usually have autocorrect tools to step in and save the day.

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Peak Performance: Continuous Testing & Evaluation of LLM-Based Applications

Speaker: Aarushi Kansal, AI Leader & Author and Tony Karrer, Founder & CTO at Aggregage

Software leaders who are building applications based on Large Language Models (LLMs) often find it a challenge to achieve reliability. It’s no surprise given the non-deterministic nature of LLMs. To effectively create reliable LLM-based (often with RAG) applications, extensive testing and evaluation processes are crucial. This often ends up involving meticulous adjustments to prompts.

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AI drug discovery platform Insilico Medicine announces $255 million in Series C funding

TechCrunch

Insilico Medicine, an AI-based platform for drug development and discovery, announced $255 million in Series C financing on Tuesday. The massive round is reflective of a recent breakthrough for the company: proof that its AI-based platform can create a new target for a disease, develop a bespoke molecule to address it and begin the clinical trial process. .

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Bitcoin’s Biggest Corporate Backer Invests Another $500 Million As Crypto Prices Crash

CTOvision

Two weeks after announcing a debt offering to fund the investment, business analytics firm MicroStrategy, which owns more bitcoin than any other corporation in the world, has spent nearly $500 million to acquire more of the world’s largest cryptocurrency—taking advantage of crashing prices Monday morning despite the warning of a significant loss to come as […].

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Inspired by founder’s childhood asthma, NuvoAir raises $12M to tackle respiratory illnesses

TechCrunch

You might well have a sleep app that tracks your sleep. I use Sleep Cycle , and have found it has started to even tell me when I cough during the night. It turns out you can run machine learning over how you might cough in the night to detect changes in the way you cough. That data could inform people with ongoing respiratory illnesses and help them manage their health.

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Scaling agile: What framework to use—and when

TechBeacon

When Extreme Programming was created, there was one common objection: It didn't scale. The creators of XP shrugged and made it a team-level method.

Agile 136
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Top 5 Challenges in Designing a Data Warehouse for Multi-Tenant Analytics

Multi-tenant architecture allows software vendors to realize tremendous efficiencies by maintaining a single application stack instead of separate database instances while meeting data privacy needs. When you use a data warehouse to power your multi-tenant analytics, the proper approach is vital. Multi-tenant analytics is NOT the primary use case with traditional data warehouses, causing data security challenges.

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Fintech veteran Jitendra Gupta is ready for his new inning — now he is going after banks in India

TechCrunch

For most people in India, having to engage with banks doesn’t instill a sense of joy. Banks in the South Asian market are notorious for making unannounced spam calls to upsell customers loans and credit cards, even when they have been explicitly asked not to do so. Moreover, when a customer does reach out to a bank with a query, it can take forever to get the job done.

Banking 221
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Cyber EO May Move Software Supply Chain Security From Neutral to Highway Speed

CTOvision

A secure software supply chain has become essential to fulfilling government missions. Massive cyberattacks like SolarWinds highlight the serious risks to the enterprise that insecure software can create. Some corners of the government, such as the intelligence community, have long understood that building software rapidly, efficiently, and securely requires an optimized – and secure – supply […].

Software 107
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Announcing the agenda for Extreme Tech Challenge Global Finals presented by TechCrunch

TechCrunch

Here at TechCrunch, we’re big fans of startup competitions. From our Extra Crunch Live Pitch-offs all the way up to the world-famous Disrupt Startup Battlefield, we can’t get enough of ’em. So we’re hooking up with Extreme Tech Challenge (‘XTC’) to present the Extreme Tech Challenge Global Finals , a startup competition focused on powering a more sustainable, equitable, inclusive, and healthy world.

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CyRC Vulnerability Advisory: Denial-of-service vulnerabilities in Zephyr Bluetooth LE stack

Synopsys

Eight vulnerabilities were discovered in Zephyr’s Bluetooth LE Stack using Defensics Bluetooth LE fuzzing solution. The post CyRC Vulnerability Advisory: Denial-of-service vulnerabilities in Zephyr Bluetooth LE stack appeared first on Software Integrity Blog.

Software 116
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7 Pitfalls for Apache Cassandra in Production

Apache Cassandra is an open-source distributed database that boasts an architecture that delivers high scalability, near 100% availability, and powerful read-and-write performance required for many data-heavy use cases. However, many developers and administrators who are new to this NoSQL database often encounter several challenges that can impact its performance.

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The early-stage venture capital market is weird and chaotic

TechCrunch

When SoftBank announced its first Vision Fund back in 2017 , TechCrunch gawked at the size of the fundraising vehicle and its $100 million minimum check size. Noting a few of its early deals, we wrote that “the party is just getting started.” Little did we know how accurate that quip would become. The Vision Fund poured capital into a host of companies with big plans, or what could at least be construed as grandiose hypotheses about the future.

Marketing 209
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Be Proactive in Outsourcing your Cyber Security Needs

CEO Insider

For small to mid-size businesses, knowing what you need to remain secure and setting a resilient plan in place is half the battle. With the average cost of a security breach nearing $4 million, organizations need to detect threats early. Threat monitoring, detection and response (MDR) services offer businesses a turnkey security response. Combined with […].

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A rewards program for your rent payments? Meet Bilt

TechCrunch

Kairos, the startup studio led by Ankur Jain, is launching a new brand today called Bilt Rewards. Bilt is a rewards program that lets renters earn each time they make a rent payment. The company is funded by Kairos, which is the studio that is also responsible for brands like Rhino, Alloy, and Little Spoon. Bilt has two main pieces, a rewards platform and a credit card, powered by Mastercard.

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The Circular Supply Chain: A Push for Sustainability

CTOvision

Read why Chris Cunnane says that circular supply chain is best suited for sustainability on Logistics ViewPoint : Supply chain sustainability is increasingly important for the future of business and the world as a whole. Companies are investing more money into sustainability initiatives, seeking to reduce waste and carbon emissions. As we’ve written about a […].

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Reimagined: Building Products with Generative AI

“Reimagined: Building Products with Generative AI” is an extensive guide for integrating generative AI into product strategy and careers featuring over 150 real-world examples, 30 case studies, and 20+ frameworks, and endorsed by over 20 leading AI and product executives, inventors, entrepreneurs, and researchers.

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Memory.ai, the startup behind time-tracking app Timely, raises $14M to build more AI-based productivity apps

TechCrunch

Time is your most valuable asset — as the saying goes — and today a startup called Memory.ai , which is building AI-based productivity tools to help you with your own time management, is announcing some funding to double down on its ambitions: It wants not only to help manage your time, but to, essentially, provide ways to use it better in the future.

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Centralized supply chain security programs yield efficiency

CTOvision

Read Kirsten Provence argument for a centralized supply chain program on Security Magazine : Finding efficiencies in supply chain security is as simple as enveloping more of your supply chain. Leading Boeing’s supply chain security program for nearly a decade, I will explain what has propelled efficiency gains by scaling the program using subsidiaries.

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ResQ raises $7.5 million to make back of the house top of mind

TechCrunch

Entrepreneur Kuljeev Singh has had a three-course meal in the restaurant business. He was an angel investor in ChefHero, a part-time owner in an Australian-style meat pie shop and, now, is the founder of ResQ , a startup that helps restaurants repair and service their equipment through contractor work. Sitting at multiple seats at the table showed Singh the “unfortunate reality of what it takes to run a restaurant.” Weeks into buying that meat pie shop, Singh watched tens of thousand