devopsy.kinsta.cloud

Author: Deborah Schalm

  • Torii raises $10 million Series A funding to automate software management in the enterprise

    Series A funding led by Wing Venture Capital brings the total raised to $15 million

    New York, February 22, 2021 – Torii, the enterprise Software-as-a-Service (SaaS) management company, today announces that it has closed a $10 million Series A financing round to automate software management in the enterprise. The financing was led by Wing Venture Capital together with the company’s existing investors Entree Capital, Global Founders Capital, Scopus Ventures and Uncork Capital. Wing VC Partner Jake Flomenberg is also joining Torii’s Board of Directors.

    SaaS adoption has continued to accelerate organizations’ ability to work from anywhere, improved productivity and employee experience. As the number of SaaS tools across the enterprise grow, so does the level of sophistication, connectedness and integration. Subsequently, the technology stack has become unmanageable without considerable, dedicated IT resources.

    “We’ve reached the point where SaaS can no longer effectively be managed by humans,” said Uri Haramati, co-founder and CEO, Torii. “The enterprise needs a way of managing SaaS usage, spend and security that will scale and keep employees happy, but won’t impact agility and growth. With companies deploying on average 20-plus new SaaS applications every month, this can only be achieved with intelligence-driven automation.”

    Automation is present across every facet of Torii’s platform, helping companies make accurate intelligence-driven decisions relating to software usage, spend and compliance.

    • Automated, no-code workflows – Torii’s Orchestration Engine offers an easy to use no-code engine to create and deploy automation workflows for every SaaS application.

    • Automated discovery – Torii’s Unified Software Graph uses Machine Learning to analyze millions of events and data points across identity management systems, ERPs, collaboration platforms, HR systems, expense management systems, and internet browser extensions.

    • Automated app management – Torii provides a single, aggregated view of all discovered apps to provide complete transparency into enterprise-wide SaaS usage and spend. Torii boasts deep integration with 100+ SaaS applications, 25% of which can be fully managed.

    Using Torii, Rock Content, a global leader in content marketing, has automated SaaS applications discovery, spend management, and employee onboarding and offboarding.

     

    “Torii transformed our employee onboarding and offboarding. We’ve reduced IT hours spent on offboarding by 75%. And it has helped us to improve internal controls and played a vital role in a successful SOC2 audit,” said João Dobbin, Manager of Business Enablement, Rock Content. “We’ve benefited greatly from Torri’s governance capabilities, gaining visibility into SaaS use, contracts, and costs. Using Torii, we rationalized our SaaS applications usage and saved more than a million dollars.”

    Torii’s revenues grew 400% year-over-year in 2020. Across its customer base, Torii is currently monitoring and optimizing more than $1 billion in total software spend and more than $4 billion in total transactions. The company is developing new intelligence features including automatic software recommendation, compliance readiness and cost allocation.

     

    Jake Flomenberg, Partner at Wing Venture Capital, commented: “Over the past decade SaaS has gone from the exception to the norm. With the interconnectedness and ease of data collection that SaaS affords, it is possible to unlock far more efficiency gains in the realm of software management through intelligence-driven automation than was possible on premise.”

    With the new funding Torii will expand its engineering and data science teams in Israel and commercial teams in the US.

    About Torii
    Headquartered in New York City, Torii is the enterprise SaaS management company that developed an automation-focused platform for the enterprise to manage all software. Torii’s SaaS management platform helps companies discover, optimize and automate their software usage, spend and compliance. Torii’s customers include Delivery Hero, Instacart and Payoneer. Visit toriihq.com for more information.

  • Domo Named a Challenger in 2021 Gartner Magic Quadrant for Analytics and BI Platforms

    Evaluation based on completeness of vision and ability to execute

    SILICON SLOPES, Utah—Feb. 18, 2021 – Domo (Nasdaq: DOMO), today announced it was named a Challenger in the 2021 Gartner Magic Quadrant for Analytics and BI Platforms1.

    Gartner Magic Quadrants are the culmination of research by Gartner analysts in specific technology markets, giving technology buyers a wide-angle view of the relative positions of the market’s competitors and how they are performing against Gartner’s view. From 2020 to 2021, Domo moved from a Niche Player to a Challenger based on the evaluation of Domo’s completeness of vision and ability to execute.

    According to Gartner2, “Analytics and business intelligence (BI) remains a top priority for IT and business leaders as the use of data is at the core of all digital businesses.”

    “Domo was founded to transform the way business is managed by delivering modern BI for all,” said Josh James, founder and chief executive officer at Domo. “We believe this move to a Challenger aligns with Domo’s mission of putting actionable data into the hands of everyone from the CEO to the frontline worker, and rapidly extending that value to our customers’ ecosystem of customers and partners. We also believe it supports our focus on ensuring IT and data professionals have the confidence and capabilities they need to democratize data at the speed and scale today’s organizations require.”

    Domo customers through Gartner Peer Insights give Domo an overall rating of 4.7 out of 5 in the analytics and BI platforms category with a 94% recommendation rate based on 19 reviews in the last 12 months as of January 20, 2021.

    James added, “We are most proud of how Domo helps customers of all sizes accelerate their digital transformation initiatives. Listening to customers and our commitment to their success drives our business.”

    For a complimentary copy of the 2021 Gartner MQ for Analytics and BI Platforms, visit here. To learn more about how Domo can help your organization get BI leverage at cloud scale in record time, visit www.domo.com.

    1 Gartner, “Magic Quadrant for Analytics and BI Platforms,” James Richardson, Rita Sallam, Kurt Schlegal, et al., February 11, 2021

    2 Gartner, “Hype Cycle for Analytics and Business Intelligence, 2020,” Austin Kronz, Jim Hare, Peter Krensky., Aug 5, 2020

    Gartner Disclaimers:
    Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

    Gartner Peer Insights reviews constitute the subjective opinions of individual end users based on their own experiences and do not represent the views of Gartner or its affiliates.

    About Domo

    Domo is the Business Cloud, empowering organizations of all sizes with BI leverage at cloud scale, in record time. With Domo, BI-critical processes that took weeks, months or more can now be done on-the-fly, in minutes or seconds, at unbelievable scale. For more information about how Domo (Nasdaq: DOMO) helps its customers go fast, go big and go bold, visit www.domo.com. You can also follow Domo on Twitter, Facebook and LinkedIn.

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    Domo, Domo Business Cloud and Domo is the Business Cloud are registered trademarks of Domo, Inc

  • Qrvey Announces $8.5 Million Investment

    Next-generation, cloud-native analytics platform achieves record growth

    TYSONS, Va., Feb. 16, 2021 /PRNewswire/ — Qrvey, the next-generation analytics platform built for the embedded analytics needs of SaaS application providers, today announced a follow-on investment of $8.5 million from its existing investors to scale its sales, marketing and customer experience operations. This follows the $7.5 million Series A that the company announced last year.

    “We created Qrvey to address the unique analytics needs of SaaS applications, and we are pleased to see the market continuing to reward us for our approach,” said Arman Eshraghi, founding CEO at Qrvey and analytics industry veteran. “Our cloud-native, serverless, all-in-one platform moves beyond just visualizations to support the entire analytics pipeline, allowing organizations to collect, visualize, analyze and automate any kind of data, from any source. The way we are able to do this in a no-code fashion is distinguishing us from existing players in the analytics space that are ill-equipped for the needs of today’s SaaS application providers.”

    “We had phenomenal performance in 2020, registering an average quarter over quarter ARR (Annual Recurring Revenue) growth rate north of 40%,” said Ben Mathew, Chief Revenue Officer at Qrvey. “The wave caused by the confluence of the need for modern embedded analytics, coupled with a generational shift away from legacy players in our space was very good for us.  We will continue to deliver a superior ROI to our customers and offer them the ability to leverage unconventional analytics, thereby gaining an unfair competitive advantage in their respective markets,” he said.

    The company previously raised $11 million bringing the total raised to $19.5 million.

    About Qrvey

    Qrvey is the most comprehensive embedded analytics platform built to help SaaS providers of any size generate more revenue and operational efficiency by simplifying the process of putting actionable insights in the hands of all users. Qrvey’s AWS-native platform creates the most cost effective embedded analytics solution on the market, driven by a team with decades of experience in the analytics industry.

    For more information about how Qrvey delivers “Analytics Done Right”, visit www.qrvey.com.

    SOURCE Qrvey Inc.

  • Rockset Sets Industry Standard in Real-Time Analytics Performance

    Rockset is up to 9.4x faster than the alternative when measured against the Star Schema Benchmark for query performance

    SAN MATEO, Calif., — Feb. 18, 2021 — Rockset, the real-time indexing database company, today announced it has published new benchmark results showing millisecond-latency query performance against the Star Schema Benchmark (SSB). When coupled with RockBench, a benchmark measuring data latency, Rockset is the only real-time analytics solution to publish benchmarks showing it can execute queries up to 9.4x faster than the alternative, and also ingest one billion events a day with one second data latency.

    The performance of real-time analytics solutions can be measured along two dimensions: data latency and query latency. As the need for real-time analytics becomes more critical, technology stacks require a database that is capable of both high write rates and low-latency queries, enabling applications to operate in real-time. Once data is made queryable, applications must take action quickly to deliver immediate insight to end users. Failure to meet latency requirements can result in missed opportunities, failure to detect threats, or a poor user experience. Low latency is a key requirement across the broad range of use cases that now rely on real-time analytics, including commerce sites, real-time supply chain logistics and delivery tracking systems, gaming leaderboards, fraud detection systems, health and fitness trackers, social media newsfeeds, and more.

    A widely recognized industry-standard benchmark, the SSB is designed to measure database performance for analytical applications, yielding valuable insight into Rockset’s query performance on a range of common analytics queries. The findings on the SSB show Rockset executed every query with sub-second latency, with a median response time across all queries of 254 milliseconds. Rockset was on average 1.5x faster than an open-source alternative, with one query executing 9.4x faster, and most queries executing 2x, 3x, or 4x faster. SSB’s suite of 13 queries was completed in 4,146 milliseconds.

    Rockset’s key competitive differentiator is that it indexes all fields, including nested fields, in a Converged Index™ which combines an inverted index, a columnar index, and a row index. The SQL optimizer uses these indexes in parallel, exploiting selective query patterns and accelerating aggregations over large numbers of records, to achieve millisecond latencies at significantly lower compute costs. Rockset’s execution engine is built from the ground up using vectorization techniques, which offer order of magnitude speedup over the traditional row-based engines. Additionally, the new release supports column-based clustering, where users can colocate data according to a clustering key they specify. This maximizes the opportunity for sequential access and reduces the amount of data that needs to be scanned for each query.

    While these findings prove Rockset’s capabilities for delivering low-latency queries needed for real-time analytics, in September 2020 the company also released RockBench: a benchmark that measures time from when data is produced to when it can be queried, showing an application’s data latency — a factor that is rarely prioritized in most current database benchmarks. Measuring Rockset against RockBench showed that a Rockset 4XLarge Virtual Instance can support one billion events flowing in every day, while keeping the data latency to under one second.

    “Real-time analytics demands fast queries on fresh data. We are on a mission to make real-time analytics faster, more flexible, and easier than current alternatives like Elasticsearch and Apache Druid,” said Venkat Venkataramani, CEO and co-founder of Rockset. “Modern data applications today demand both speed and scale. As a massively distributed system, Rockset is designed for cloud scale. Our SSB results prove that Rockset is one of the fastest real-time analytics solutions in the market today.”

    For more information about the SSB on Rockset, read the company’s blog and white paper to learn more about the results and methodology.

    Supporting Resources

    About Rockset

    Rockset is a real-time database in the cloud, built by a team of industry veterans with decades of experience in web-scale data management and distributed systems at companies including Facebook, Yahoo, Google, Oracle and VMware. Rockset is backed by Greylock and Sequoia. For more information, go to rockset.com or follow @RocksetCloud.

  • DataRobot Announces Feature Discovery Integration with Snowflake

    New enhancement unlocks new use cases and helps Snowflake customers tackle AI initiatives

    BOSTON–(BUSINESS WIRE)–DataRobot, the leading enterprise AI platform, today announced the latest integration with Snowflake, the Data Cloud company. Building off of DataRobot’s expanded partnership and existing integration with Snowflake, the new Feature Discovery pushdown integration dramatically improves the speed and accuracy of developing models, unlocking new use cases, and accelerating time to value for joint customers.

    DataRobot’s Feature Discovery, which has been a part of the DataRobot enterprise AI platform since 2019, automatically discovers, tests, and creates hundreds of valuable new features for machine learning models. This dramatically improves models’ accuracy, increasing an organization’s ability to make accurate predictions and generate value.

    The new Feature Discovery integration with Snowflake delivers this innovative capability to Snowflake users, pushing down data preparation operations into Snowflake to minimize data movement resulting in faster performance and lower operating costs. This allows users to obtain more accurate DataRobot models by accessing more data from Snowflake and leveraging the power of Snowflake’s Data Cloud. With Feature Discovery, the joining, aggregating, and creation of derived features from datasets is done automatically using data science best practices. This lets users build better machine learning models in less time and drive more innovation with AI.

    “By conducting data enrichment and initial processing natively on Snowflake, joint customers are able to build more accurate models more quickly,” said Torsten Grabs, Director of Product Management at Snowflake. “This is the first of many planned technical integrations with DataRobot stemming from our ongoing partnership and I’m excited to see the immediate impact this can have for our customers’ use of data science.”

    DataRobot and Snowflake’s partnership commenced in 2018 with a goal of accelerating the adoption of AI in the enterprise by reducing complexity and removing the delay between data and insights. Since then, the two companies have strengthened their partnership via numerous integrations, DataRobot’s inclusion in Snowflake’s Partner Connect, and achieving Elite status in the Snowflake Partner Network. In December 2020, DataRobot announced that Snowflake Ventures, the venture arm of Snowflake, had made an investment as part of DataRobot’s $320 million Series F funding round. As part of that investment, the two companies entered into a partnership to further accelerate product and go-to-market synergies.

    “At DataRobot, our goal is to generate as much value from the intelligence gleaned from data for our customers as we can — a vision that Snowflake is equally committed to,” said Nenshad Bardoliwalla, SVP of Product, DataRobot. “We’re thrilled to be delivering on our expanded partnership with Snowflake by bringing the power of automation to the Feature Discovery process directly into the Snowflake environment.”

    To learn more about the partnership and today’s news, visit the DataRobot blog.

    About DataRobot
    DataRobot is the leader in enterprise AI, delivering trusted AI technology and enablement services to global enterprises competing in today’s Intelligence Revolution. DataRobot’s enterprise AI platform democratizes data science with end-to-end automation for building, deploying, and managing machine learning models. This platform maximizes business value by delivering AI at scale and continuously optimizing performance over time. The company’s proven combination of cutting-edge software and world-class AI implementation, training, and support services, empowers any organization – regardless of size, industry, or resources – to drive better business outcomes with AI.

    DataRobot has offices across the globe and funding from some of the world’s best investing firms including Alliance Bernstein, Altimeter, B Capital Group, Cisco, Citi Ventures, ClearBridge, DFJ Growth, Geodesic Capital, Glynn Capital, Intel Capital, Meritech, NEA, Salesforce Ventures, Sands Capital, Sapphire Ventures, Silver Lake Waterman, Snowflake Ventures, Tiger Global, T. Rowe Price, and World Innovation Lab. DataRobot was named to the Forbes 2020 Cloud 100 list and the Forbes 2019 and 2020 Most Promising AI Companies lists, and was named a Leader in the IDC MarketScape: Worldwide Advanced Machine Learning Software Platforms Vendor Assessment. For more information visit www.datarobot.com, and join the conversation on the DataRobot Community, More Intelligent Tomorrow podcast, Twitter, and LinkedIn.

  • Codefresh Runner Wins 2021 DEVIES Award for DevOps Innovation

    The Codefresh Runner allows DevOps teams to securely and scalably run pipelines, deployments and versioning to distributed clusters either on site or behind the firewall

    Mountain View, Calif., February 18, 2021 – During today’s all-virtual DeveloperWeek expo and conference, Codefresh was honored with a 2021 DEVIES Award for its Codefresh Runner, a cloud-native solution that allows DevOps teams to selectively run pipelines, deployments and versioning on their own Kubernetes clusters no matter where they are: behind a firewall, on site, or the virtual private cloud.

    The DEVIES recognize excellence in developer tools, products and technology. The Runner, which was released in July 2020, won for developer and engineering innovation in the DevOps category. It’s a meaningful win since products are judged on technical innovation, adoption, and reception in the developer technology industry and by the developer community. DeveloperWeek 2021, the world’s largest developer and engineering conference and expo, with more than 8,000 participants, continues through tomorrow.

    Dan Garfield, Codefresh’s Chief Open Source Officer, said, “The Runner, combined with our GitOps offering, opens up so many possibilities for managing clusters and providing services in hospitals, in banking, and defense. The security and low-maintenance overhead has made it a hit.”

    The 2021 DEVIES Awards received hundreds of nominations. Winners were determined based on three criteria: attracting notable attention and awareness in the software industry; general regard and adoption by the developer, engineering, and IT communities; and, being a technical leader in its sector for innovation.

    “Developer tools and solutions are continuing to grow in their importance to the global technology industry. Codefresh is a great example of the new era of products and services allowing developers and engineers to have a greater impact on a company’s bottom line and overall efficiency,” said Geoff Domoracki, CEO of DevNetwork, producer of DeveloperWeek and the 2021 DEVIES Awards.

    About Codefresh

    Codefresh is the first cloud-native DevOps automation platform. Their mission is simple, to provide a platform and practices that enable companies to confidently ship code faster. After launch in 2017, Codefresh is trusted by companies like GoodRx, Skillshare, Monday.com, TBS, and financial services companies. Unlike legacy solutions, Codefresh goes beyond simple pipelines to connect runtime environments for total observability, advanced deployments and faster engineering/recovery cycles. Codefresh is headquartered in Mountain View, CA and backed by world-class investors: M12, Microsoft’s venture fund, Red Dot Capital Partners, Shasta Ventures, Viola Ventures, Vertex Ventures, Hillsven, CEIIF, UpWest Labs and Streamlined Ventures. Learn more about Codefresh at https://codefresh.io/. Follow on LinkedIn and Twitter at @codefresh.

     

  • Solo.io Announces General Availability of Gloo Mesh Enterprise, Delivering a “Command Center” for Service Mesh Management

    Solo.io Announces General Availability of Gloo Mesh Enterprise, Delivering a “Command Center” for Service Mesh Management

    Solo.io Also Deepens Technical Investment in Istio Service Mesh with Appointment of Industry-Recognized Istio Expert Lin Sun

    CAMBRIDGE, Mass.— Feb. 18, 2021 — Solo.io, the modern API infrastructure company delivering application networking from the edge to service mesh, today announced the general availability (GA) of Gloo Mesh Enterprise, an enterprise-grade, Kubernetes-native solution for service mesh management. Gloo Mesh Enterprise provides organizations with a comprehensive and simplified experience for service mesh management based on Istio, the industry standard service mesh, and Envoy, the de-facto industry sidecar proxy data plane.

    “We have worked to anticipate, address and exceed our customers’ demands and requests when it comes to service mesh and cloud native technologies,” said Idit Levine, founder and CEO, Solo.io. “The proof is in the numbers – and in this case, we had more than 2,000 requests to take part in our Gloo Mesh Enterprise beta program, more than 800 stars on Github during Preview and nearly 400 active participants in our beta program Slack channel.”

    Gloo Mesh is designed to support enterprise users throughout the process of service mesh adoption. Enterprises who take their first steps with Istio enjoy comprehensive support and guidance from Solo.io, as well as tools to ease onboarding and to guarantee Istio FIPS compliance. As the organization’s service mesh evolves, Gloo Mesh provides tools for supporting developers and operators, as well as enhanced security and observability. With Gloo Mesh, enterprise users can extend and tailor Istio to their special needs with WebAssembly modules. For organizations with complex environments across a growing number of clusters, clouds and regions, Gloo Mesh Enterprise includes new features that provide centralized management and control, enhanced security, comprehensive observability and enterprise-grade service and support.

    “Application developers and operators are increasingly embracing Istio and have made it the market-leading service mesh for managing modern, service-based applications,” said Louis Ryan, principal engineer at Google and Istio leader and founder. “Solo.io has been an active and influential contributor to Istio and WebAssembly, and this is an impressive achievement towards bringing Istio to the enterprise.”

    As more companies embrace Gloo Mesh and Gloo Mesh Enterprise, Solo.io has increased its commitment to innovation and to providing customers with exceptional guidance, education and support. To further advance its investments in these areas, Solo.io is announcing the appointment of Lin Sun as its Director of Open-Source. Sun brings a wealth of Istio-related expertise to Solo.io; she has worked on Istio service mesh since 2017 and serves on the Istio technical oversight committee. Previously, she served on the Istio steering committee for three years and was a senior technical staff member and master inventor at IBM for 15+ years. She is the author of “Istio Explained” and has more than 200 patents to her name. Sun has worked on container and cloud native technologies – from Docker and Kubernetes to service mesh – since 2014.

    “This appointment is another step in our continued commitment to providing enterprises the products and services they need to transition to modern application architectures,” said Idit Levine. “Lin brings incredible technical knowledge and understanding of what organizations need to be successful with cloud native technologies and application networking from the edge to service mesh.”

    “Solo.io’s technological vision, speed of innovation, market presence and contributions to the

    cloud native communities are what attracted me to the company,” said Lin Sun. “I see tremendous adoption of Istio in organizations I talk to and I look forward to joining forces with industry luminaries Idit Levine and Christian Posta on Istio-related projects, making it easier for all enterprises to adopt, apply and use.”

    For more details about Gloo Mesh Enterprise features, please read our technical blog post. You can also check out the website, documentation and the public Github. To request a free trial of Gloo Mesh Enterprise, click here.

    Join Us at SoloCon and IstioCon

    Learn more about Gloo Mesh, Gloo Edge and more at Solo.io’s recently announced SoloCon 2021. SoloCon is an engaging, interactive event featuring industry speakers, informative sessions and hands-on workshops, set for March 23-25, 2021. Attendees will also have the opportunity to engage with experts, learn from their peers, network with other attendees and attend hands-on workshops. Register today at www.solo.io/solocon/.

     

    Solo.io is excited to be participating in the inaugural IstioCon, an event designed to connect community members across the globe with Istio and the Istio ecosystem. The company is honored to have one customer journey talk, four sessions and a workshop accepted for the conference. Also, Lin Sun will be speaking during IstioCon’s opening and closing keynote sessions as the program co-chair. Register and watch our IstioCon sessions, outlined here, next week.

     

    Resources

    About Solo.io

    Solo.io, the modern service connectivity company, delivers API infrastructure from the edge to service mesh, helping enterprises adopt, secure, and operate innovative cloud native technologies. APIs drive microservices and cloud native technologies, forming the foundation for developers, partners and customers to interact with application services quickly, effectively, and securely. Solo.io brings developer and operations tooling to manage and federate security and traffic control and tie together the integration points to enable and observe the application network. Founded in 2017 in Cambridge, MA, Solo.io is backed by Redpoint Ventures and True Ventures. For more information, visit https://www.solo.io/ or follow @soloio_inc.

     

     

     

     

     

  • PactSafe Continues Clickwrap Momentum and Company Growth Into 2021

    Online transaction innovator pioneers new market category, processes 500M clickwraps, increases YOY ARR 120%

    INDIANAPOLIS–(BUSINESS WIRE)–PactSafe, a leading clickwrap transaction platform that helps enterprises securely grow online transaction volume, has started 2021 with significant growth and momentum. The company reached several milestones in 2020, including processing over 500 million clickwrap agreements, increasing annual recurring revenue by 120% year over year and adding a record number of new customers.

    PactSafe helps enterprises create, present, manage, track and archive legal terms and conditions through clickwrap agreements that enable quick and seamless shifts to e-commerce. The importance of clickwrap agreements has proven particularly timely given the explosive growth of e-commerce during the pandemic. Recognizing the digital transformation needs enterprises faced as a result, Aragon Research established a new content automation software category in 2020 called Clickwrap Transaction Platforms (CTPs).

    PactSafe pioneered the CTP market and since its creation, Aragon has named the company a hot vendor, an emerging provider and an innovator. One of the most prevalent use cases for CTPs is e-commerce, as companies can process millions of transactions each day and automatically generate purchase agreements with detailed records for each one.

    “2020 was a gratifying year for PactSafe in many ways, most notably in the support our team and platform provided to our customers—long-standing and new—as they adapted to the pandemic and resulting surge of online business,” said Brian Powers, founder and president of PactSafe. “The momentum we’ve witnessed around company growth and adoption of our platform is affirmation that clickwrap transaction platforms are becoming increasingly vital to enterprises looking to transform old legacy approaches to contracts.”

    PactSafe also expanded its platform and redesigned its user interface in 2020, empowering businesses to not only transact online more conveniently and securely, but also hit their growth goals faster and more efficiently.

    “Thanks to PactSafe’s platform, technology and exceptional support, we had complete confidence extending our leasing platforms to our online customers, as well as our call center,” said James Hafen, vice president of product development at ExtraSpace Storage. “We started 2020 with a single channel that could support the finalization of a self-storage lease and we ended the year with four distinct, contactless channels for completing a lease. PactSafe was instrumental in each of these newly extended channels.”

    “In response to the global health crisis, we’ve been hyperfocused on supporting and empowering the local communities we serve to help the DoorDash community during this unprecedented time,” said Kathy Zhu, head of commercial and legal operations at DoorDash. “We originally turned to PactSafe to help our teams deliver a smooth, low-touch, compliant contracting process to merchants. Once the pandemic hit, our partnership with PactSafe became even more critical. The PactSafe team has been tremendously helpful over the past year, working with us so that we can achieve our goals despite the unique business conditions in which we operate.”

    The momentum around the CTP market enabled PactSafe to double in size in 2020 and beef up its engineering talent. The company plans to continue hiring this year for its Indianapolis headquarters, as well as remote positions.

    To learn more about PactSafe, please visit pactsafe.com.

    About PactSafe:

    PactSafe is an Indianapolis-based clickwrap transaction platform that enables companies to process high volume agreements rapidly and painlessly. PactSafe helps companies like Wayfair, DoorDash, Angie’s List (Home Advisor), BMC Software and Upwork update online legal terms, track and gain acceptance of those terms, and identify areas of potential risk before they become an issue.

  • Copado Closes $96 Million in Series B Round to Enable Faster and Safer Digital Transformation of the World’s Largest Enterprises in a Multi-Cloud World

    Investment led by Insight Partners and Salesforce Ventures will accelerate innovation and adoption of the leading DevOps platform

    Chicago – Feb. 17, 2021 – Copado, a leading DevOps platform powering the world’s largest digital transformations, today announced it has closed $96 million in Series B funding, bringing the total funds invested in the company to $117 million. The financing was co-led by Insight Partners and Salesforce Ventures, with additional investment from Lead Edge Capital, ISAI Cap Venture (Capgemini and ISAI joint fund), and Perpetual Investors. Copado will use the new funding to expand its leading enterprise DevOps platform and fuel international growth.

     

    2020 accelerated the digital imperative for every company, raising executive expectations of the speed, quality and visibility required to run a digital business at scale. CIOs are using cloud platforms like Salesforce to transform their businesses. Copado enables large digital teams to move fast, at scale, with the quality and governance required to safely connect and master a multi-cloud network.

     

    In the past 12 months, Copado has grown from nearly 200 to over 1000 customers who rely on its DevOps platform to build, deliver and monitor up to 50% more value from their cloud investments. The company recorded 120% growth in annual recurring revenue (ARR) and plans to double again in 2021. Copado also more than doubled its workforce, with over 220 employees worldwide.

     

    “The strong performance of Salesforce led to incredible growth for Copado in 2020, resulting in heavy investor interest and an oversubscribed round,” said Ted Elliott, Chief Executive Officer for Copado. “Nearly every Salesforce customer is looking to accelerate their development lifecycle, empowering teams to move fast and ship software without the fear of failed deployments. With Copado, businesses can deliver more features, faster, with higher user adoption and increased governance and compliance. While we are thrilled with the results achieved in 2020, we are excited to continue this growth trajectory and focus on building the best DevOps platform for a multi-cloud world.”

     

    Recent Company Accomplishments
    -Copado was named “Best DevOps Startup” in the DevOps Excellence Awards and its DevOps 360 platform was awarded a Gold Stevie in The 2020 International Business Awards® in the DevOps Solution category.
    -Through the Copado Academy, the company trained more than 30,000 Copado certified DevOps professionals worldwide. In partnership with Mason Frank International and Revolent, Copado launched the DevOps Talent Center, the industry’s first and only resource for Salesforce DevOps training, certification and staffing.
    -Copado acquired ClickDeploy in September to provide a free DevOps tool for customers just embarking on their DevOps journey.
    -The company launched Copado Government Cloud to give public sector agencies, contractors and federally funded research projects the scale, security and governance required for modern Salesforce projects.
    -Copado attracted several Salesforce veterans to join its leadership team, including Rip Gerber, Pat McQueen and Ram Reddy.

     

    Supporting quotes
    “Copado is perfectly positioned to address a multi-billion dollar opportunity,” said Nikitas Koutoupes, Managing Director at Insight Partners and Copado board member. “The company has proven their ability to redefine how organizations plan, build, and deliver customer experiences with Salesforce and has a powerful vision and clear roadmap to scale that vision across multiple cloud applications. Copado’s continued market momentum is rare for a company at this stage. That is a credit to the company’s world-class team and disruptive products.”

     

    “One of the key trends we’re seeing in the market is a focus on not only increasing release velocity but improving quality which can only be achieved with a strong DevOps practice,” said Brian Neider, Partner at Lead Edge Capital. “Every CIO understands that Salesforce delivery teams are growing in size and the technical requirements are becoming increasingly complex. Organizations are rapidly adopting DevOps best practices in order to move quickly, at scale and with confidence. That’s why we’re excited to work with Copado’s stellar leadership team as they continue to deliver exceptional customer value in the Salesforce ecosystem and beyond.”

     

    Additional Resources

     

    About Insight Partners
    Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Across its people and its portfolio, Insight encourages a culture around a belief that ScaleUp companies and growth create opportunity for all. For more information on Insight and all its investments, visit www.insightpartners.com or follow us on Twitter @insightpartners.

     

    About Copado
    Copado is the leading DevOps platform enabling the world’s largest digital transformations on Salesforce. Copado accelerates Salesforce deployments, simplifies the release process, increases developer productivity and maximizes return on cloud investments. Copado DevOps 360™ includes Agile Planning, Continuous Delivery, Automated Testing and Compliance. Backed by Insight Venture Partners and Salesforce Ventures, more than 500 of the world’s largest digitally transformed companies run on Copado including Boston Scientific, Coca-Cola, Fair Trade, Linde, MassMutual, Schneider Electric and Shell. Copado processes over 50 million DevOps transactions per month and is rated with a 100% score on the Salesforce AppExchange. More information can be found at: http://www.copado.com

     

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  • Databricks Partners with Google Cloud to Deliver its Platform to Global Businesses

    Databricks launches on Google Cloud with integrations to Google BigQuery and AI Platform that unify data engineering, data science, machine learning, and analytics across both companies’ services

    Sunnyvale and San Francisco, Calif., February 17, 2021 – Today, Google Cloud and Databricks announced a new partnership to deliver Databricks at global scale on Google Cloud. Under the partnership, organizations can now use Databricks to create a lakehouse capable of data engineering, data science, machine learning, and analytics on Google Cloud’s global, scalable, and elastic network. Databricks on Google Cloud will deeply integrate with Google BigQuery’s open platform and will leverage Google Kubernetes Engine (GKE), enabling customers to deploy Databricks in a fully containerized cloud environment for the first time. With this integrated solution, organizations can unlock AI-driven insights, enable intelligent decision-making, and ultimately accelerate their digital transformations through data-driven applications.

    “Businesses with a strong foundation of data and analytics are well-positioned to grow and thrive in the next decade,” said Thomas Kurian, CEO at Google Cloud. “We’re delighted to deliver Databricks’ lakehouse for AI and ML-driven analytics on Google Cloud. By combining Databricks’ capabilities in data engineering and analytics with Google Cloud’s global, secure network—and our expertise in analytics and delivering containerized applications—we can help companies transform their businesses through the power of data.”

    “This is a pivotal milestone that underscores our commitment to enable customer flexibility and choice with a seamless experience across cloud platforms,” said Ali Ghodsi, CEO and co-founder of Databricks. “We are thrilled to partner with Google Cloud and deliver on our shared vision of a simplified, open, and unified data platform that supports all analytics and AI use-cases that will empower our customers to innovate even faster.”

    “For Condé Nast, finding valuable insights from massive amounts of data is essential for creating world class content experiences that delight our global customers. Databricks on Google Cloud provides a lakehouse for our data engineers, data scientists and analysts to consolidate, collaborate, analyze, and use all of our global data to experiment and innovate quickly. We’re excited to see leaders like Google Cloud and Databricks come together to streamline and simplify getting value from data,” said Nana Essuman, Director of Data Engineering at Condé Nast.

    Deploying Databricks rapidly and securely at global scale

    Global businesses need the ability to quickly deploy applications at any scale, and the elasticity to scale them up or down depending on their needs. Delivering Databricks on Google Cloud enables customers to rapidly provision Databricks on Google Cloud’s global network, with advanced security and data protection controls required for highly-regulated industries, and with the flexibility to quickly adjust usage based on the needs of the business.

    Additionally, customers will soon be able to deploy Databricks from the Google Cloud Marketplace, enabling simplified procurement and user provisioning, Single Sign-On, and unified billing.

    Advancing analytics with Databricks, BigQuery, and Google Cloud AI Platform

    Databricks on Google Cloud is tightly integrated with Google BigQuery, giving customers the freedom of choice and access to their choice of data analytics services. With this integration, businesses can extend their existing Databricks lakehouse capabilities, now running on Google Cloud, and can cross-leverage Google BigQuery for analytics, ultimately simplifying their data investments, increasing usage, and creating new, data-driven business models and opportunities.

    Unique integrations between Databricks and Google Cloud include:

    • Tight integration of Databricks with Google Cloud’s analytics solutions, giving customers the ability to easily extend AI-driven insights across data lakes, data warehouses, and multiple business intelligence tools.
    • Pre-built connectors to seamlessly and quickly integrate Databricks with BigQuery, Google Cloud Storage, Looker and Pub/Sub.
    • Fast and scalable model training with AI Platform using the data workflows created in Databricks, and simplified deployment of models built in Databricks using AI Platform Prediction.

    Delivering containerized Databricks deployments for the first time

    Databricks on Google Cloud represents the first container-based deployments of Databricks, on any cloud.

    Increasingly, Kubernetes and containers are the de facto orchestration system for enterprise workloads and applications running in the cloud. Databricks on Google Cloud is built on GKE, Google Cloud’s secure, managed Kubernetes service, to support containerized deployments of Databricks in the cloud. By adopting GKE as an operating environment, Databricks is able to leverage managed services for security, network policy, and compute and as a result, provide customers with increasing business value through Databricks analytics, AI, and ML capabilities. Additionally, with GKE, Databricks increases its agility and the ability to accelerate the release of new features, quickly, at scale, and at lower cost.

    Supporting open source innovation and partner collaboration

    Databricks and Google Cloud share a commitment to open innovation and open source software. Under this new partnership, the two companies will continue to support the open source community, encourage open innovation and collaboration, making it easier for joint customers to build on open-source technologies.

    Additionally,  members of our joint ecosystem of partners have committed to ensure seamless integrations with Databricks on Google Cloud, including Accenture, Cognizant, Collibra, Confluent, Deloitte, Fishtown Analytics, Fivetran, Immuta, Informatica, Infoworks, Insight, MongoDB, Privacera, Qlik, SADA, SoftServe, Slalom, Tableau, TCS and Trifacta among others.

    On April 6, join Databricks CEO, Ali Ghodsi, and Google Cloud CEO, Thomas Kurian as they share more about the partnership and vision of an open, unified data analytics platform during a discussion hosted by TechCrunch; visit the event page for more information.

    To learn more about Databricks on Google Cloud, visit: https://databricks.com/product/google-cloud.

    About Google Cloud

    Google Cloud provides organizations with leading infrastructure, platform capabilities and industry solutions. We deliver enterprise-grade cloud solutions that leverage Google’s cutting-edge technology to help companies operate more efficiently and adapt to changing needs, giving customers a foundation for the future. Customers in more than 150 countries turn to Google Cloud as their trusted partner to solve their most critical business problems.

    About Databricks

    Databricks is the data and AI company. Thousands of organizations worldwide — including Comcast, Condé Nast, Nationwide, and H&M — rely on Databricks’ open and unified platform for data engineering, data science, machine learning, and analytics. Databricks is venture-backed and headquartered in San Francisco, with offices around the globe. Founded by the original creators of Apache Spark™, Delta Lake, and MLflow, Databricks is on a mission to help data teams solve the world’s toughest problems. To learn more, follow Databricks on Twitter, LinkedIn, and Facebook.