CircleCI receives $100 million boost
CircleCI has raised $100 million in Series E funding. The company, which builds CI/CD DevOps software, has now raised $215 million since it was founded in 2011. IVP and Sapphire Ventures led the latest investment round, with IVP partner Cack Wilhelm joining the CircleCI board. CEO Jim Rose says the money will help CircleCI "boost its product suite".
SoFi to buy API and payment platform Galileo for $1.2 billion
Personal finance firm, SoFi, has signed an agreement to buy API and payments platform Galileo for $1.2 billion. Galileo’s digital payments platform enables checking and savings account-like functionality via its open APIs, providing companies with the ability to create consumer and B2B financial services. Galileo said it will offer diversification and scale to SoFi’s existing infrastructure.
Zoom appoints ex-Facebook security chief Alex Stamos to review platform
Zoom has taken new steps to improve security. The company has come under scrutiny for security lapses as more users migrate to Zoom due to the coronavirus pandemic. It has enlisted former Facebook security head Alex Stamos as an outside advisor, while it has also officially formed its cybersecurity council. CEO Eric Yuan said Zoom wanted to show its platform was "worthy of the trust" of its users.
BlackRock and Microsoft announce cloud tie-up
BlackRock will host its Aladdin investment platform on Microsoft Azure. The pair have revealed their new strategic partnership that will see BlackRock migrate Aladdin over the next few months. The platform helps BlackRock operate the investments it manages on behalf of its clients. Microsoft and BlackRock have also vowed to explore ways to improve sustainability in financial data and analytics.
Cisco to acquire Fluidmesh to boost wireless IoT capabilities
Cisco has announced its intent to acquire privately-held Fluidmesh Networks, a provider of wireless backhaul systems. Fluidmesh’s technology is designed to provide zero loss of data transfer within high-speed assets including rail, subways, public transit, and ports. Cisco will use Fluidmesh’s products to support the growing demand for on-the-move mission critical assets and applications.
Glassbox boosted to the tune of $40 million
Data analytics specialist Glassbox has received $40 million in Series C funding. The company's tech gives users visibility on the web and mobile experiences of its customers. Glassbox's latest cash injection will see it add personnel, while it also vowed to improve its product. "Even in these extremely difficult times, digital traffic is surging," said CEO Yaron Morgenstern.
Security firm Accellion raises $120 million
Accellion, which builds firewalls for sensitive business communications, has secured $120 million in new finance. Bregal Sagemount led the investment round. Accellion said the money will "help it accelerate acquisitions to further consolidate the sprawl of siloed applications". "We are very excited to bring on Sagemount as a strategic and financial partner," said its CEO Jonathan Yaron.
Koch completes $13bn buy out of ERP software specialist Infor
Koch has completed the acquisition of enterprise software company Infor from Golden Gate Capital. The agreement was first announced in February and is thought to be worth just shy of $13 billion, according to Tech Crunch. It would make the acquisition one of the biggest enterprise deals this year. Infor will remain as a stand-alone company from Koch, which is a specialist in manufacturing.
Foursquare and Factual join forces to create location data leader
Foursquare and Factual have merged, creating what they say is the "world's leading independent location technology platform". The combination of Foursquare and Factual generated more than $150 million in revenue last year, in more than 20 global markets. Foursquare CEO will remain in his position, while Factual founder Gil Elbaz will join Foursquare co-founder Dennis Crowley on the executive team.
Issue 15
Our April cover star is Innovation Group CTO Mike Hinton, who tells us how a digital-first approach is helping the company better serve the world's top insurers. Elsewhere, we drop in on an ICS.AI and Microsoft hackathon to see how AI is improving healthcare provision.
Sponsored by
AWS launches Windows migration tools
AWS has made its Migration Acceleration Program (MAP) for Windows generally available. The tools and services, designed to help customers with their Windows workloads, were teased last year. CEO Andy Jassy has previously said that Microsoft was "not prioritising what matters to you guys, the customers" in relation to licensing. Users will have to go through a three-step process with AWS MAP.
IBM appoints Howard Boville as cloud chief
Howard Boville, ex-CTO for Bank of America (BoA), has been named as the head of IBM's cloud business. The news came on Arvind Krishna's first day as IBM CEO. Boville worked closely with IBM in his BoA role, creating a financial services-specific cloud technology. His departure from BoA was first announced last month, bringing an eight-year stint at the company to an end.
Fintech Yapily scoops $13 million in Series A funding
Yapily, the startup which offers an open API for businesses to connect to banks, has pocketed $13 million from its Series A funding round. Revolut-backer Lakestar led the investment. Yapily raised $5.4 million from its initial seed funding last year. The firm, founded by Stefano Vaccino (pictured), already works with Fortune 500 companies but will use the extra finance to expand across Europe.

Paul Cormier named as Red Hat's new CEO
Red Hat has promoted Paul Cormier to replace Jim Whitehurst as CEO. Cormier was previously the open source giant's product and technologies chief. Whitehurst is taking over as President of IBM, which acquired Red Hat for $34 billion last year. Cormier joined Red Hat in 2001 and is widely credited with ideating its hugely successful subscription model. "I am honoured to lead the company," he said.
Microsoft Ignite 2020 conference to go digital-only
Microsoft Ignite is the latest industry event that will be a digital-only programme. The conference was due to take place from 21-25 September in Orlando, Florida, but has been changed because of the continuing spread of the coronavirus. Microsoft said the digital event will show companies innovative ways to build solutions, migrate and manage infrastructure, and connect with Microsoft experts.
IBM launches AI-powered tools to battle coronavirus
IBM has launched two AI-powered services to help fight the spread of coronavirus. One is an interactive molecular explorer tool to understand their characteristics and relationship to COVID-19 and identify candidates that might have desirable properties to be further pursued in drug development. The second is Deep Search, a search engine to help researchers find data in COVID-19 research papers.
©2020 Bulletin Media Ltd