Fri.Aug 05, 2022

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A troubling startup layoff trend has emerged

TechCrunch

We don’t need to tell you about the layoffs that are defining the tech landscape right now, concentrated particularly in late-stage companies that are struggling to raise extension rounds and grow into existing valuations. What we do think is important, though, is focusing on a frustrating trend that is emerging between all these headlines: some companies have announced layoff after layoff in quick succession , a double reduction that feels surprising.

Trends 316
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94% of enterprises are overspending in the cloud: report

CIO

A vast majority of enterprises globally are overspending in the cloud, according to a new HashiCorp-Forrester report. In a survey that saw participation of over 1,000 IT decision makers across North America, Europe, Middle East and Asia-Pacific, 94% of respondents said their organizations had notable, avoidable cloud spend due to a combination of factors including underused, overprovisioned resources, and lack of skills to utilize cloud infrastructure.

Report 312
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Zenno Astronautics wants to move spacecraft around using electromagnets, not fuel

TechCrunch

It’s easy to think about satellites as a bunch of mini-moons, orbiting the Earth seamlessly and without any (noticeable) movement. But that’s not quite right: satellites and other spacecraft often require fairly continuous tweaks to their positions in orbit. Historically, the aerospace industry has relied on thrusters, or a combination of reaction wheels and magnetic torque rods, to control a spacecraft’s attitude, control and positioning.

Testing 251
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Steps CIOs should take to protect customer data in Nigeria’s open banking systems

CIO

Due to Nigeria’s fintech boom borne out of its open banking framework, the Central Bank of Nigeria (CBN) has published a much-awaited regulation draft to govern open banking procedures. And at its core is the need to secure customer data through a robust set of requirements. The regulations streamline how entities who handle customer banking information will secure their systems and share details within protected application program interfaces.

Banking 299
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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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Online-only home solar seller bags $23M, pledging ‘dramatically lower prices’

TechCrunch

Project Solar doesn’t make solar panels, nor does it employ crews to plop them on roofs, but the startup argues it can shake up the residential solar business by steering clear of sales reps and automating parts of the ordering, design and installation process. Backed by $23 million in fresh Series A funding led by Left Lane Capital, Project Solar says it is on track to install 30 megawatts of solar this year, mostly in California and Texas, while apparently undercutting some of its compet

Energy 245

More Trending

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Daily Crunch: Amazon to acquire iRobot in $1.7B all-cash deal

TechCrunch

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Happy Friday, y’all! Start your weekend off right with some delicious podcast morsels from Equity , Found and Chain Reaction. Also, time is ticking away on a $1,300 savings for TechCrunch Disrupt , so get on that before 11:59 p.m.

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4 Myths of Low-Code Methodology for BPM

TechBeacon

Prioritizing digital transformation has become a business imperative, causing disruption but also delivering dramatic results across all industries. And low-code software development—described as "extraordinarily disruptive"—has become a part of digital transformation for many organizations. According to a market research report earlier this year from Fortune Business Insights, the size of the global low-code market grew from $10.82 billion to $13.89 billion from 2020 to 2021; by 2028, the low-c

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The party’s over: Tips for tracking and reporting monthly startup expenses and revenue

TechCrunch

Jason Richelson. Contributor. Share on Twitter. Jason Richelson is CEO and co-founder of Bookkeep. He is also the creator of ShopKeep, a cloud-based POS system. Until recently, tech startups traditionally enjoyed relative freedom from financial oversight from the venture capitalists who funded them. As long as these firms could report progress in developing their products and generating some level of earnings from sales and software subscriptions, they could burn through their millions without h

Report 224
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When Microservices Are a Bad Idea

Dzone - DevOps

On paper, microservices sound wonderful. They are modular, scalable, and fault tolerant. A lot of companies have had great success using this model, so microservices might naturally seem to be the superior architecture and the best way to start new applications. However, most firms that have succeeded with microservices did not begin with them. Consider the examples of Airbnb and Twitter, which went the microservice route after outgrowing their monoliths and are now battling its complexities.

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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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Squaring Databricks’ 2021 valuation as it crosses a $1B annual run rate

TechCrunch

Databricks, an enterprise software company focused on data and analytics, announced this morning that it has surpassed a $1 billion annual revenue run rate. The Wall Street Journal first reported news of the financial result. The milestone comes after the company raised a mammoth $1.6 billion round last August at a $38 billion valuation. At the time, Databricks announced that it had cleared the $600 million annual recurring revenue (ARR) mark.

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Article: How Open Source is Contributing to Your Team’s Development: What Leaders Should Know

InfoQ Culture Methods

Today’s open source landscape plays a critical role in the developer journey and in business as well. This piece examines common barriers to contribution, how businesses benefit from open source, and what it may look like for businesses to help prioritize open source contribution among their employees. By Al Sene.

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Bridge rounds are the late-stage rage

TechCrunch

Most startups don’t have a clean run from their pre-seed round through an IPO when it comes to fundraising. Quickly growing tech companies sometimes pause at certain stages, raising a little extra cash against their prior round’s terms, for example. This becomes especially true when the economy changes for the worse and startups are incentivized to raise an extension round , or bridge round.

Report 220
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Putting the Security Into DevSecOps

DevOps.com

The non-Newtonian fluid that’s composed of cornstarch and water has been around a long time, but Dr. Seuss’ 1949 book was the impetus for what it’s often called today – Oobleck, from “Bartholomew and the Oobleck.” When not under pressure, Oobleck is a thin liquid; when pressure is applied, its resistance increases to the point […]. The post Putting the Security Into DevSecOps appeared first on DevOps.com.

How To 110
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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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TechCrunch+ roundup: Revisit your marketing stack, pitch deck teardown, after the acquisition

TechCrunch

Last month, U.S. Treasury Secretary Janet Yellen said the economy is “in a period of transition,” on the grounds that “we have a very strong labor market. When you are creating almost 400,000 jobs a month, that is not a recession.” Today, we learned that the U.S. added 528,000 new jobs last month and the unemployment rate has fallen to 3.5%, but for many people in tech, this is a distinction without a difference: according to layoffs.fyi, 467 startups have let go of 64,51

Marketing 220
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TOR 2022 – A Weekend To Remember

InfoBest

Can you think of a better way to spend a summer weekend than racing through the mountains with your friends and colleagues? If you share our passion for nature, competition, and adventure the answer is simple. It has become a tradition at Infobest to participate each summer in the awesome event that is TOR – Team Outdoor Race. This year, the TOR competition took teams deep into the Aninei mountains for an adventure to remember for years to come.

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Robinhood’s hangover, YC’s reduction and Uber’s return to form

TechCrunch

Hello and welcome back to Equity , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex , Natasha and Mary Ann got together with Maggie this week for our weekly roundup show, and per usual, there was a lot to talk about, including the fact that there were even more topics than usual to pick from as the summer slowdown seems to be fading away. .

Fintech 215
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Cloudability Pricing: How Much Does Cloudability Cost?

CloudZero

Apptio announced on May 31, 2019, that it had acquired Cloudability, hoping to strengthen its mission through its new product.

Cloud 97
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How Embedded Analytics Helps Product Managers Exceed Their KPIs

Embedded analytics can help you deliver cutting-edge analytics experiences to your end-users that align with KPIs that are critical to the growth and success of your business. Read this eBook to learn how an embedded analytics platform, like Qrvey, can help PMs exceed the following KPIs: Growing revenue while improving customer retention rate Delivering rapid time to value Earning a high net-promoter score Increasing Gross Margin / Profitability Conversion rate from trial to paid Don’t just meet

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Ask for What You Need at Work

Harvard Business Review

It can feel hard in the early days of a new job, but your first request will set the tone for future asks.

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AI Readiness in National Security

Dataiku

The following remarks were given by Mark Elszy , Dataiku RVP Federal, at a U.S. Chamber of Commerce Artificial Intelligence Commission hearing on July 21, 2022.

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Shotgun surgery

Habitable Code

What’s your favourite code smell? Daft question, I hope you’ll agree. But I think I do have a favourite. It’s Shotgun Surgery. Why? Because it tells me so much about my design. Let me explain… Firstly, many of the other code smells often feel quite ambiguous to me. Is this Feature Envy or is it a reasonable separation of responsibilities?

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9 Mobile App Development Trends for 2022

KitelyTech

In the fast-paced world of mobile app development, it’s hard to predict what will become the next big thing. Trends come and go, and new ideas pop up unexpectedly. That’s why you need to keep your eyes peeled for new developments, lest you be left behind by the competition. However, predicting what will happen in the rest of 2022 is difficult because so many things could change.

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Entity Resolution Checklist: What to Consider When Evaluating Options

Are you trying to decide which entity resolution capabilities you need? It can be confusing to determine which features are most important for your project. And sometimes key features are overlooked. Get the Entity Resolution Evaluation Checklist to make sure you’ve thought of everything to make your project a success! The list was created by Senzing’s team of leading entity resolution experts, based on their real-world experience.

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Cybersecurity Snapshot: 6 Things That Matter Right Now

Tenable

Topics that are top of mind for the week ending Aug. 5 | Don’t take your eye off the Log4j ball. The dangers of unsupported software. Why low MFA adoption is everyone’s problem. Preventing ransomware attacks. And much more! 1. Log4j: It’s a marathon race not a sprint. Like an insufferable houseguest who overstays his welcome, the cataclysmic Log4j vulnerability will be around for a long time – possibly as much as a decade after its earth-shaking discovery in December of last year.

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Do You Know About the Agile Control Maturity Model (ACMM)?

IDC

Agile promises self-organizing development teams but most organizations struggle to manage their teams in an Agile way of working.

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How to Choose a Web Application Testing Tool: Tips from the Exadel QA Practice

Exadel

Web applications help businesses interact with customers, and web testing helps QA teams confirm their functionality. We are excited to share our new article on Dev.to, where we provide criteria for selecting web testing tools and a list of the best web application testing tools. Check out the article to optimize your daily routine, improve QA quality, boost your team’s professional development, and explore existing QA solutions.

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Beacon Power Services raises $2.7M to improve electricity access for sub-Saharan African cities

TechCrunch

Sub-Saharan Africa’s share of the global population without access to electricity stood at 77% in 2020, according to reports. Also, the average daily electricity supply in some of Africa’s largest cities is less than 12 hours. As a result, individuals and businesses find other options and substitutes, such as generators, to deal with their power issues; however, these solutions can either be costly to use or affect the climate.

Energy 231
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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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Shifting from keeping the lights on to turning on new lights

CIO

This article was co-authored by Chris Boyd , a Senior Associate at Metis Strategy. Today’s CIOs lead innovation efforts aimed at increasing revenue, accessing new markets, and growing product lines. However, according to Foundry’s 2022 State of the CIO Survey , 76% of CIOs say it’s challenging to find the right balance between business innovation and operational excellence.

Metrics 264
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Big Tech Has a Patent Violation Problem

Harvard Business Review

Congress needs to make it easier to enforce IP protections.

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3 ways to optimize SaaS sales in a downturn

TechCrunch

Sahil Mansuri. Contributor. Share on Twitter. Sahil Mansuri is the CEO of Bravado. My first month with a sales quota was September 2008 — not the best month for a 21-year-old to start his career by cold calling strangers and convincing them to buy a $10,000 piece of software. The economy was in free fall, companies were slashing workforces nationwide and all budgets were frozen.

Budget 264