ThoughtSpot, an AI-powered analytics startup, today announced that it’s entered into a definitive agreement to acquire Mode Analytics, a business intelligence platform, for $200 million in cash and stock. The deal, ThoughtSpot CEO Sudheesh Nair says, will bolster ThoughtSpot’s generative AI capabilities while doubling the company’s customer base and growing its annual recurring revenue to…
Heroes Jobs realized that its user acquisition costs were too high to be successful as a solo company and decided to partner. Deal Dive: Why this startup chose to sell itself over raising a Series A by Rebecca Szkutak originally published on TechCrunch
Databricks today announced that it has acquired Okera, a data governance platform with a focus on AI. The two companies did not disclose the purchase price. According to Crunchbase, Okera previously raised just under $30 million. Investors include Felicis, Bessemer Venture Partners, Cyber Mentor Fund, ClearSky and Emergent Ventures. Data governance was already a hot…
This week in publishing news: Reservoir launches JV with American Idol producer, Position Music Signs Sam Tinnesz and more.
Apple has quietly acquired a Mountain View-based startup, WaveOne, that was developing AI algorithms for compressing video. Apple wouldn’t confirm the sale when asked for comment. But WaveOne’s website was shut down around January, and several former employees, including one of WaveOne’s co-founders, now work within Apple’s various machine learning groups. In a LinkedIn post…
Web development platform Netlify today announced that it has acquired its competitor Gatsby, the company behind the opensource GatsbyJS framework. Gatsby, which had raised a total of $46.8 million, including a $28 million Series B led by Index Ventures in 2020, never quite got the traction that competitors like Netlify itself or Vercel saw in…
Welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. I’m back, I’m drinking an iced Americano maybe because I miss Alex, maybe because I just feel different today, and I’m ready to start our week together. Here’s what I got into on today’s Equity…
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