Paul Gillin
Latest from Paul Gillin
SAP beats forecasts, but weaker margins beat down stock price
SAP SE today reported fiscal fourth-quarter earnings and revenue that beat analysts’ expectations thanks to growing momentum in its cloud business. However, investors sent the stock down nearly 6% in early trading on forecasts of a decline in operating profits and margins as well as forecasts of a weaker free cash flow in 2022. Earnings ...
Supply chain intelligence provider o9 raises nearly $300M on $2.7B valuation
O9 Solutions Inc., makers of a platform for managing supply chains in vertical industries, today said it raised $295 million in funding on a valuation of $2.7 billion. That’s nearly triple the valuation the company earned when it announced a $100 million private investment from KKR & Co. Inc. in April 2020. Founded in 2009, ...
SiteAware raises $15M for its digital twin technology for construction
SiteAware Inc., a startup in the rapidly growing construction technology market, today announced a $15 million funding round to build and sell its digital construction verification technology. The Series B funding round brings the company’s total cash raised to $30 million. The latest funding round was led by Vertex Ventures Israel, with participation from existing ...
Google and ZoomInfo partner on BigQuery integration
Google LLC’s cloud computing unit and ZoomInfo Technologies Inc. today announced a partnership that will make ZoomInfo’s business-to-business data available directly from Google’s BigQuery data warehouse. The companies said the partnership is the beginning of a series of joint product development projects and integrations that will leverage ZoomInfo’s database. ZoomInfo maintains records of more than 106 ...
Revelstoke aims to take the coding out of cybersecurity automation and response
Two-year-old startup Revelstoke Security Inc. today launched itself into the security orchestration, automation and response or SOAR market with a product built on a single data plane that simplifies the process of gathering and analyzing security data. Revelstoke has raised more than $13 million in Series A funding from ClearSky Ventures, Crosslink Capital Inc., and ...
IBM impresses with strong sales and earnings growth
Updated: IBM Corp. surprised and delighted investors with fourth-quarter revenue and profit that beat analysts’ forecasts on the strength of its Red Hat cloud computing business, increasing annual recurring revenue, and sales to the recently spun-off Kyndryl Holdings Inc. Quarterly sales rose 8.6%, to $16.7 billion, easily beating consensus estimates of $15.96 billion. Adjusted earnings per share ...
Ambient AI emerges from stealth with sights set on remaking physical security
Ambient AI Inc. is emerging from stealth mode today with $52 million in funding and technology that it hopes will revolutionize physical security. The company, whose founders worked in computer vision and robotics at Stanford University, Apple Inc., Google LLC and Microsoft Corp., says it has developed an image recognition system that analyzes video feeds ...
NetSuite begins analytics overhaul with cash and project management dashboards
Oracle Corp.’s NetSuite subsidiary today added cash flow and project management features to its enterprise resource management software for small and midsized businesses. Cash 360 is the first in a line of redesigned dashboards the company plans to roll out over the course of this year. The configurable interfaces consolidate what were previously discrete functions ...
Dell bids to deliver unified experience across multiple clouds
Citing a goal to deliver “a cloud experience wherever customers have apps and data,” Dell Technologies Inc. today is stepping up its multicloud game with a set of data storage and backup services that span multiple cloud platforms. The company also said it’s expanding support for the agile DevOps software development methodology with new offers and ...
Rocketlane scores $18M early-stage funding to automate customer onboarding
Rocketlane Corp., maker of a software-as-a-service platform purpose-built for onboarding new customers, today announced that it has closed an $18 million Series A funding round, bringing its total funding to $21 million. The company, which has headquarters in both India and San Mateo, California, is targeting a niche that is a problem area for software ...