News archive

Adobe to Buy Workfront for $1.5 Billion to Aid Collaboration

AI & Energy

Karmel Capital’s AI & Energy event highlighted Nevada’s emergence as an AI hub, major deals, and dynamic networking among investors and innovators.

AI Revolution: Why Swift Adoption Is Key to Unlocking Value

The AI revolution is accelerating—and the organizations that act boldly and early will define the future, while those that wait risk falling behind.

Algolia launches AI-powered NeuralSearch vector and keyword search API

Algolia introduces NeuralSearch, an AI-powered search engine that combines vector and keyword search for improved relevance, utilizing a large language model and Neural Hashing technology to enhance scalability and reduce computational costs.

Anaplan Jumps 20% Following Earnings Beat

Shares of cloud-based, connected-planning platform Anaplan (PLAN) were rising nearly 20% Tuesday after the company reported first-quarter results that came in ahead of analysts' expectations. The San Francisco-based company reported a net loss of $37.2 million, or a loss of 16 cents a share on and adjusted basis, on revenue...

Attentive Named to the 2024 Deloitte Technology Fast 500™ for the Fourth Consecutive Year

Attentive, the AI-powered mobile marketing platform, today announced it ranked #242 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 30th year. Attentive’s rapid growth, marked by a 493% increase over the past three years, can be attributed to its native personalization solutions driven by artificial intelligence and machine learning to deliver one-on-one communications at scale.

Automation Anywhere Named a Leader in the 2024 Gartner® Magic Quadrant™ for Automation

Automation Anywhere, a leader in AI-powered automation solutions, today announced that Gartner named the company a Leader in Automation for the sixth consecutive year in the August 2024 Magic Quadrant for Automation. Automation Anywhere was recognized as a Leader for its Completeness of Vision and Ability to Execute.

BigID Debuts as a Strong Performer by Prominent Independent Research Firm

BigID, the the leading data intelligence platform that enables organizations to know their enterprise data and take action for privacy, security, and governance, today announced that Forrester Research named BigID as a Strong Performer...

BigID launches BigAI, a ‘privacy-by-design’ LLM designed to discover data

BigID launches BigAI, an LLM that scans and classifies enterprise data for enhanced security and risk management, featuring a privacy-by-design approach and a virtual personal assistant called BigChat for compliance support.

BigID Named Market Leader: Data Security Posture Management in the Coveted Global InfoSec Awards during RSA Conference 2023

BigID wins Market Leader Data Security Posture Management (DSPM) award from Cyber Defense Magazine (CDM), the industry’s leading electronic information security magazine.

BounceX Raises $37M in Series B Funding

BounceX, a San Francisco, NYC and London-based People-Based Marketing (PBM) cloud, raised $37M in Series B funding. The round was led by Battery Ventures with participation from existing investors Contour Venture Partners, Cross Creek Capital, Primary Venture Partners, Jason Finger and Rho Ventures. As part of the investment, Neeraj Agrawal,...

CDN provider Fastly seals huge Signal Sciences acquisition to boost application security

Cloud security firm Zscaler soars after billings growth drove an earnings beat in its first report

Cloud security firm Zscaler soared as much as 37 percent Thursday, a day after reporting that its billings surged in the company's third quarter ended April 30. Shares traded as high as $42.16 on Thursday, up from Wednesday's close of $30.65. The stock closed 23 percent up at $37.79. The company reported...

Cloud security startup Zscaler closes at $33, up 106% on its first day of trading on Nasdaq

The first post-billion, big tech IPO of the year has opened with a bang. Zscaler, a security startup that confidentially filed for an IPO last year, closed out its first day of trading at $33/share, up 106% from its opening price of $16. The enterprise cloud services company started trading this morning as...

CoreWeave Announces Agreement with OpenAI to Deliver AI Infrastructure

CoreWeave today announced a deal to deliver AI infrastructure to OpenAI, expanding OpenAI's compute capacity for training and delivering its latest models at scale to its hundreds of millions of users around the world. The contract value for this strategic deal is up to $11.9 billion.

CoreWeave Files Registration Statement for Proposed Initial Public Offering

CoreWeave, the AI Hyperscaler™, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of shares of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. CoreWeave has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "CRWV."

Crusoe Closes $600M in Series D Round at $2.8 Billion Valuation to Power AI

Crusoe, the industry’s first vertically integrated AI infrastructure provider, today announced it has closed a $600 million Series D funding round. The investment was led by Founders Fund, with participation from new and existing investors, including Fidelity, Long Journey Ventures, Mubadala, NVIDIA, Ribbit Capital, and Valor Equity Partners. Through its innovative approach, Crusoe has established itself as a leader in the AI industrial revolution.

Databricks is Raising $10B Series J Investment at $62B Valuation

Databricks, the Data and AI company, today announced its Series J funding. The company is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion to date. This funding values Databricks at $62 billion and is led by Thrive Capital. Along with Thrive, the round is co-led by Andreessen Horowitz, DST Global, GIC, Insight Partners and WCM Investment Management. Other significant participants include existing investor Ontario Teachers’ Pension Plan and new investors ICONIQ Growth, MGX, Sands Capital and Wellington Management.

DeepSeek’s Emergence: An Open-Source Shockwave in AI

One of the biggest early-2025 surprises was the debut of DeepSeek-R1, a powerful AI model released by a Chinese lab under an ultra-permissive MIT open-source license. Why did this cause such a stir?

Enterprise Cloud Software Unicorn Anaplan Files For $100 Million IPO

On Friday, September 14, 2018, the unicorn startup Anaplan filed to go public and raise up to $100 million to drive global growth. Earlier this year, the San Francisco, California-based company selected Goldman Sachs and Morgan Stanley to lead its initial public offering (IPO) - which could come in the...

FamilyID Acquired by Athletic Event Management Company

FamilyID Ends the Issue of Filling Out Form After Form After Form

FamilyID is a cloud-based SaaS platform for program providers such as schools, camps, clubs and recreational centers where collecting registration forms is a requirement. An organization using the FamilyID platform creates an e-form with fields for each required piece of information needed for the particular activity. Participating families enter their information...

Fastly Announces Closing of Follow-on Public Offering and Full Exercise of the Underwriters’ Option to Purchase Additional Shares

Fastly shares rocket as much as 60% in IPO debut

Fastly, whose technology helps companies more quickly deliver online content, made its debut on the New York Stock Exchange on Friday with shares rising as much as 60%. The stock started trading at $21.50 per share, up 34% from the price it sold shares in the initial public offering, under...

Forbes names Rubrik Top 10 in Cloud 100

Future of Agentic AI

Enterprise AI is shifting toward on-premises models and outcome-based pricing, enabling secure, results-driven adoption while reducing risk.

Future of AI: Agents, IPOs, and the NextWave

AI’s explosive growth is opening new investment and liquidity opportunities, especially for infrastructure providers and innovators as the market nears $2 trillion.

Google partners with Automation Anywhere to develop RPA products

Harnessing AI's Surge: Digital Infrastructure

As AI reshapes the digital frontier, power-hungry data centers surge in value - unlocking a $2 trillion infrastructure boom that hinges on financing, strategic alliances, and innovative capital solutions.

Houston Investor Roundtable: Future of Agentic AI

Agentic AI is driving enterprise transformation, with new hardware and energy solutions enabling scalable, outcome-focused innovation for early adopters.

How to approach AI implementation

Karmel Capital shares how it leverages AI to rank and invest in late‑stage, capital‑efficient software and AI companies, prioritizing experienced teams and repeatable, business‑driven metrics.

IBM to acquire software provider Turbonomic for over $1.5 bln

Improving the logistics of trucking, San Diego’s Flock Freight raises $50 million

The company raised its cash to change the way shippers move small amounts of goods — those less-than-a-truckload-sized amounts that have to move through hub-and-spoke operations which increase the time goods are on the road and the possibility for breakage as they’re unloaded and reloaded onto different delivery vehicles. “We...

Intelligent Automation: the Future of RPA

Robotic process automation (RPA) is transforming business processes in nearly every industry by streamlining data entry and other low-level tasks. Now the technology, which populates digital forms in a fraction of the time it takes humans to do the same, is getting a long overdue upgrade. Advancement in machine learning...

Karmel Capital Appoints Former JPMorgan Executive Director to Partner

Karmel Capital Management LLC (Karmel Capital), a San Diego based alternative investment management firm, is pleased to announce a significant leadership appointment that underscores the firm’s commitment to innovation, excellence, and growth. Antolin Garza has joined Karmel Capital effective February 24 as a Partner. Mr. Garza will primarily focus on sourcing private market investments, investment fund development and be a member of the firm’s Investment Committee.

Lambda Raises $480M to Expand AI Cloud Platform

Artificial intelligence is restructuring the global economy, redefining how humans interact with computers, and accelerating scientific progress. AI is the foundation of a new industrial era and a new era of computing.

Medallia acquires voice-to-text specialist Voci Technologies for $59M

Navigating the AI Revolution: Insights from the Front Lines of Investment

From Flame to Frame: How Fire and AI Reshaped Humanity

Netskope recognized as a Leader in the 2023 Gartner® Magic QuadrantTM for SSE.

Netskope labeled as the top Leader (beating Zscaler and Palo Alto Networks) in the Gartner Magic Quadrant for Security Service Edge (SSE).

Optimizely acquired by content management company Episerver

Outreach Expands Platform To Now Include Revenue Intelligence Capabilities With Latest Acquisition

Rubrik & Zscaler Announce Industry’s First Double Extortion Ransomware Solution

Rubrik and Zscaler jointly announced a partnership and technology integration designed to “proactively identif[y] sensitive business data across enterprise, cloud and SaaS environments so that specific data protections can be implemented easily to prevent data loss.”

Rubrik Completes Record Year, Welcomes New Chief Revenue Officer

Rubrik Goes Deep On Ransomware Protection, Recovery

Rubrik recognized as a Leader in Gartner 2020 Magic Quadrant

Software Bots Multiply to Cope With ‘Stretched’ Resources

Software Startup Outreach Valued at $4.2 Billion in New Funding

The Next Tech Tsunami

DeepSeek-R1’s open release accelerated AI commoditization, shifting value to proprietary apps, data, and ecosystem participation.

They’re out to reveal the ‘dirty little secret of higher education’

For all its faults, you can give the Internet credit for at least one big win: making prices far more transparent. Sitting on a bench with a mobile phone, it’s easy to compare the price of a ride across town with Uber versus Lyft; buying a used Toyota from any...

Turbonomic Third Quarter Revenue Up 78% Year-Over-Year

Understanding the Shift Toward Private Markets: Insights into Aging IPOs and Tech Growth in 2025

The number of publicly traded companies is shrinking, with IPO candidates now waiting much longer and growing larger before going public. As a result, most high-growth technology firms remain private, making it harder for public market investors to access these opportunities.

US AI Revolution Via Direct Secondaries

Direct secondary markets are reshaping U.S. AI investment, offering investors new opportunities amid record transaction volumes and supportive regulations.

Vista acquires Gainsight for $1.1B

Website maker Squarespace files to go public on NYSE through direct listing

Whistle’s ‘Fitbit for dogs’ acquired by Mars Petcare

Whistle, the “Fitbit for dogs,” has found a home at Mars Petcare, TechCrunch has learned. The maker of Snickers and M&M’s also has a large pet division and has plans to integrate Whistle’s animal technology. “Whistle is excited to join the Mars Petcare family. This opportunity connects the industry’s global and technology leaders, enabling...

Zscaler To Buy Startup Cloudneeti To Protect Public Cloud Data

Zscaler has agreed to purchase cloud security posture management startup Cloudneeti to prevent and remediate application misconfigurations in the cloud. The San Jose, Calif.-based cloud security company said the proposed acquisition of Redmond, Wash.-based Cloudneeti will extend Zscaler’s data protection for Software-as-a-Service (SaaS) applications into public cloud workloads. SaaS, Infrastructure-as-a-Service...