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SAP, and Oracle, and IBM, oh my! ‘Cloud and AI’ drive legacy software firms to record valuations
There’s something of a trend around legacy software firms and their soaring valuations: Companies founded in dinosaur times are on a tear, evidenced this week with SAP‘s shares topping $200 for the first time. Founded in 1972, SAP’s valuation currently sits at an all-time high of $234 billion. The Germany-based…
SAP sees WalkMe’s focus on automating contextual, in-app support as bringing value to its own enterprise customers.
SAP’s chief sustainability officer isn’t interested in getting your company to do the right thing
SAP Chief Sustainability Officer Sophia Mendelsohn wants to incentivize companies to be green because it’s profitable, not just because it’s right.
SAP nabs German startup LeanIX to help companies modernize faster
As companies look to stave off technical debt, a process of aging systems limiting a company’s ability to modernize, the first step is simply understanding the state of your architecture.…
SAP invests in generative AI startups Anthropic, Cohere and Aleph Alpha
In case one needed more evidence that there’s a massive appetite for generative AI, SAP, the Germany-based consulting giant, yesterday invested in three major generative AI players: Anthropic, Cohere and…
Qualtrics, a once high-flying startup, was acquired for $12.4 this week. Was it a fair price given current market conditions?
Qualtrics was once a hot startup before SAP bought the company in 2018 for $8 billion. It was a fine exit, making the founders rich, but it never was really…
New Red Hat partnerships with SAP and Oracle could bode well for owner IBM
It’s been a good week for Red Hat, and by extension IBM, the company that owns it. That’s because Red Hat signed two partnership agreements this week, one with Oracle…
Dig scoops up $34M to tackle the fragmented world of cloud data security
In 2022, the amount of corporate data stored in the cloud (versus on-premise servers) reached 60%, a signal of how the world of enterprise IT is evolving. But lest you…
Duplo digitizes payment flows for African B2B enterprises, gets $4.3M seed funding
The process of sending and receiving payments in a $1.5 trillion B2B payments market in sub-Saharan Africa is one where merchants commonly use manual invoices and inefficient processes that burden…
SAP top exec retires as Q2 2022 earnings come out
As Q2 earnings send enterprise giant SAP’s stock down, President of SAP North America DJ Paoni is leaving the enterprise company, TechCrunch has learned from sources. SAP confirmed the news,…
Cloud Foundry Foundation launches Korifi to simplify the Kubernetes developer experience
The Cloud Foundry Foundation today announced the launch of Korifi, a new developer experience that will offer a Cloud Foundry-compatible application platform on top of Kubernetes. Since its initial release…
Google Cloud and SAP launch a native integration between Workspace and S/4HANA Cloud
Google and SAP have partnered around a number of different projects over the years and Google Cloud, just like its competitors, is a strategic cloud partner for RISE with SAP,…
UiPath names former Google Cloud exec co-CEO to steer its future
UiPath, the RPA company that went public a year ago, was once hotter than hot in a space that was sizzling. Consider that it raised $750 million in February, 2021…
OwnID raises $6M to replace passwords with smartphone-based biometrics
The founders of OwnID, Dor Shany and Rooly Eliezerov, previously founded Gigya, a startup that wanted to make it easier to help identify customers. They sold that startup to SAP…
For years grocery retailers have been using data driven forecasting to help them predict demand to figure out which products to reorder to keep shelves stocked. That’s nothing new. But…
Egypt’s Pylon gets $19M to scale software for water and electricity distribution companies
Pylon, an Egyptian infrastructure management platform for water and electricity companies in emerging markets, has raised a $19 million seed round. The round, a combination of debt and equity, was…
Antimatter raises $12M Series A to help SaaS companies keep their customer data secure
With SaaS becoming the standard for most business software, the security demands on SaaS companies are constantly increasing. Add users who need their data sandboxed from others or kept in…
European cloud firms call for clearer ‘ex ante’ rules to end abusive software licensing
European cloud computing companies have raised the alarm over what they say is a “critical loophole” in the EU’s flagship plan to tackle anti-competitive behaviors by gatekeeping digital giants. In…
What Kai-Fu Lee-backed AInnovation tells us about China’s smart manufacturing
The enthusiasm to find paying customers for artificial intelligence continues in China. AInnovation, a Chinese computer vision and machine learning startup backed by Kai-Fu Lee’s Sinovation Ventures and SoftBank, is…
Asia HR tech platform Darwinbox becomes unicorn with TCV-led $72 million funding
HR tech platform Darwinbox has more than tripled its valuation to become a unicorn in a new $72 million funding round as the Indian startup leads what an investor calls…
Germany’s SoSafe raises $73M Series B led by Highland to address human error in cyber
As we’ve learned in the last few years, “human error”-led cybersecurity breaches are the ones companies often find hardest to guard against. Surveys suggest some 85% of attacks can be…
Nigeria’s SeamlessHR raises $10M to expand HR and payroll solutions across Africa
Africa’s appetite for cloud computing software continues to increase as connectivity and bandwidth opportunities push boundaries. Per reports, the continent’s cloud computing industry coupled with the Middle East is expected…
Earlier this month, Craig McLuckie, the co-founder of the Kubernetes project during his time at Google and now the VP of R&D at VMware (after selling his startup Heptio to…
Mesh Payments racks up $50M to help corporate users manage spend and payments
Now that the world appears to have settled longer-term into working in a significantly more distributed way in the wake of COVID-19, companies are getting more serious about using tools…
Unique closes $6M seed for its AI-driven video calls platform aimed at sales teams
Unique, a video calls platform that uses AI to teach sales teams how to improve their pitches, has closed a $6 million seed round from a bunch of angel investors.…
Factor raises seed round to streamline an overlooked part of the supply chain
The “last mile” in the supply chain has gotten lots of attention during the pandemic. Even e-commerce giants like Amazon have struggled to surmount the challenges of distributing product fast…
Employees are designing the workplace of the future
What factors would make people want to come into the office? SAP research found four: peer-to-peer learning, collaboration, community-building and intention.
Partner sessions are going all out at TC Sessions: SaaS 2021
TechCrunch events always offer a compelling mix of main stage presentations and smaller breakout sessions that allow more time for lots of questions and deeper discussions. Expect nothing less at…
On the heels of Personio raising a big round yesterday, one of its competitors and another big startup in the area of HR has also picked up some funding. Hibob,…
