Insight Partners

AI-based solutions for evolving digital threats

Next-gen Cybersecurity

<div>
 
 SentinelOne offers a range of endpoint protection solutions for enterprises. The company provides the artificial intelligence (AI)-based platform &ldquo;Singularity,&rdquo; which is a unified offering for endpoint security, including a next-generation antivirus (NGAV), endpoint detection and response tools (EDR), extended detection and response (XDR), and other tools to monitor endpoint behavior from laptops, phones, and internet-of-things (IoT) devices to identify threats. Singularity ActiveEDR incorporates Storyline Active Response (STAR) to provide automated threat detection and response and also enables end-users to write custom MITRE-compatible detection rules. SentinelOne&rsquo;s endpoint protection offering also extends to cloud endpoints and workloads, offering AI and behavior-based protection for virtual machines (VMs) and containers in the cloud. Singularity also provides features to centrally control cybersecurity policies and automate tasks for response and remediation. In addition to endpoint security, SentinelOne offers managed detection and response services, which support organizations with technology and human resources for threat hunting, response, and incident investigation.
 
 
 In April 2023, 
 <a href="https://sp-edge.com/updates/17965">
 SentinelOne launched a generative AI platform
 </a>
 for threat detection, allowing security teams to run threat detection and automated remediation operations using natural language instead of code based commands.
 
 
 In November 2023 the company 
 <a href="https://sp-edge.com/updates/23867">
 launched
 </a>
 a new, unified version of its Singularity platform, Singularity Unity, with upgraded cloud and endpoint security and data lake capabilities, as well as a GenAI cybersecurity assistant. Unity incorporated SentinelOne&rsquo;s &ldquo;PurpleAI&rdquo; models to simplify investigations, governance, and compliance and improving metrics such as mean time to detect/resolve (MTTD/MTTR).
 
 
 SentinelOne acquired cloud data-logging startup Scalyr in February 2021 for USD 155 million to bolster its own XDR capabilities. SentinelOne also entered into an agreement to acquire the identity threat detection and response (ITDR) startup 
 <a href="https://sp-edge.com/updates/9176">
 Attivo Networks 
 </a>
 for USD 616.5 million in March 2022, and expects to integrate Attivo Networks&rsquo; capabilities into its Singularity XDR solution to provide autonomous protection. This includes ITDR, identity infrastructure assessment, and identity cyber deception capabilities to protect endpoint, cloud workloads, IoT devices, mobile, and data against identity compromise, lateral movement attacks, credential theft, data cloaking, and more. This acquisition will also add to SentinelOne&rsquo;s gross margin and expand its total addressable market (TAM) by USD 4 billion in the critical identity security category.
 
 
 Key customers and partnerships
 
 
 SentinelOne partnered with cloud services and cybersecurity distributor Exclusive Networks in July 2021 to launch its platform for Australian and New Zealand MSP and MSSPs. During the same period, the company inked a partnership with ConnectWise to offer its standalone endpoint detection and response (EDR) solutions to its global partner base of technology solution providers (TSPs).
 
 
 SentinelOne has partnered with managed detection and response (MDR) 
 <a href="https://sp-edge.com/updates/4878">
 providers 
 </a>
 such as 
 <a href="https://sp-edge.com/companies/228245">
 Red Canary 
 </a>
 , deepwatch, and 
 <a href="https://sp-edge.com/companies/505475">
 BlueVoyant 
 </a>
 to 
 <a href="https://sp-edge.com/sectors/work/updates/6173">
 integrate 
 </a>
 its solution with the latter&rsquo;s MDR offerings. In addition, SentinelOne has also partnered with 
 <a href="https://sp-edge.com/companies/75116">
 Zscaler 
 </a>
 , a cloud network security 
 <a href="https://sp-edge.com/sectors/work/updates/5182">
 company 
 </a>
 , and Cloudflare, a web infrastructure and website security 
 <a href="https://sp-edge.com/updates/5182">
 company 
 </a>
 , to push its own offerings through Zscaler and SentinelOne&rsquo;s services. It also 
 <a href="https://sp-edge.com/updates/12082">
 partnered
 </a>
 with the observable data management company, Cribl in August 2022 to leverage the latter&rsquo;s observability product suite to streamline cybersecurity triage, optimize data collection, and provide security teams control of their data. During the same month, the company 
 <a href="https://sp-edge.com/updates/12235">
 partnered
 </a>
 with the IoT security startup, Armis to jointly provide three unified solutions that protect organizations across endpoints, cloud, mobile, IoT, OT devices, and more. In December 2021, Sentinel 
 <a href="https://sp-edge.com/updates/7149">
 partnered 
 </a>
 with Attivo Networks, to integrate its Singularity XDR with Attivo Networks&rsquo; Endpoint Detection Net (EDN) suite for a combined solution that prevents attackers from compromising endpoints, and to detect lateral movements to provide Active Directory protection, credential theft detection, and removal of exposed credentials. The company 
 <a href="https://sp-edge.com/updates/12331">
 partnered
 </a>
 with the cybersecurity and compliance company, Proofpoint to integrate SentinelOne Singularity XDR and Proofpoint Targeted Attack Protection (TAP) solutions and provide organizations with threat intelligence, detection, and response across emails, endpoints, cloud, and identity management. In 
 <a href="https://sp-edge.com/updates/16912">
 March 2023
 </a>
 , SentinelOne partnered with cloud network security provider Wiz to provide end-to-end cloud security solutions by leveraging each company&rsquo;s platform. With their combined capabilities, the joint solution was claimed to detect and remediate cybersecurity threats faster than stand-alone platforms.
 
 
 Funding and financials
 
 
 The company&rsquo;s last private funding round was in November 2020, where it raised USD 267 million in a Series F funding round led by Tiger Global Management, and the company expects to use the funding to support the growth of its Singularity platform.
 
 
 In June 2021, SentinelOne 
 <a href="https://sp-edge.com/updates/3850">
 commenced 
 </a>
 trading in New York Stock Exchange (NYSE) under the ticker &ldquo;S,&rdquo; raising USD 1.2 billion in its initial public offering (IPO) at an implied valuation of USD 8.9 billion. The company expected to use the proceeds for working capital, product development, capital expenditure, and administrative matters. The company also aimed to use part of the funds to acquire and invest in complementary businesses and technologies.
 
 
 SentinelOne 
 <a href="https://sp-edge.com/updates/13278">
 launched 
 </a>
 &ldquo;S Ventures&rdquo;, a USD 100 million venture fund, to invest in enterprise cybersecurity startups, in September 2022. S Ventures invested in Armorblox, an API email security platform, and Noetic Cyber, a continuous cyber asset management and controls platform. These companies joined its portfolio companies which include Torq, a no-code security automation platform, and 
 <a href="https://sp-edge.com/companies/1695999">
 Laminar 
 </a>
 , a cloud-native data security startup.
 
 
 In 
 <a href="https://sp-edge.com/updates/17067">
 FY2023
 </a>
 , the company reported a revenue of USD 422.2 million, representing a YoY growth of 106% and an adjusted gross margin of 72%. The company saw its annual recurring revenue (ARR) growing at 88% to close at USD 548.7 million and the number of customers grew around 50% YoY to exceed 10,000 in Q4 FY2023. Management guidance for revenue for FY2024 stands in the range of USD 631 million and USD 640 million.
 
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<div>
 
 Based in the UK, Darktrace is designed based on an open and extensible architecture that seamlessly integrates with already established workflows. The company offers AI-powered solutions that enable organizations to detect, respond to, and investigate cyberthreats. Its proprietary &ldquo;Cyber AI&rdquo; technology features self-learning algorithms that monitor an organization&rsquo;s digital environment and detect threats that may bypass traditional signature-based solutions. Darktrace&rsquo;s technology helps protect cloud environments, endpoints, APIs, industrial IoT, and operational technology devices across industries such as financial services, manufacturing, education, energy, utilities, technology, telecommunications, and healthcare.
 
 
 Darktrace 
 <a href="https://sp-edge.com/updates/19324">
 introduced new risk and compliance models
 </a>
 for its DETECT and RESPONSE solutions in June 2023, targeting data leakage risks and intellectual property concerns around generative AI tools. 
 
 
 Darktrace 
 <a href="https://sp-edge.com/updates/8691">
 acquired
 </a>
 the attack surface management company Cybersprint for USD 53.7 million (EUR 47.5 million) in February 2022. The acquisition enhanced Darktrace&rsquo;s existing detection and response tools with external vulnerability data and complemented its self-learning AI technology and inside visibility. It also accelerated its debut into new segments such as proactive AI cybersecurity and provided it with a second European R&amp;D center in the Netherlands.
 
 
 Key customers and partnerships
 
 
 Darktrace counts companies such as KPMG, Suzuki, PremierOil, Samsung, and the NHS among its 4,700-strong clientele list. As of May 2021, the company staffed 1,500 employees globally.
 
 
 Funding and financials
 
 
 In April 2021, Darktrace was listed on the London Stock Exchange through an initial public offering that raised GBP 165.1 million (USD 233 million) at a valuation of GBP 1.7 billion (USD 2.4 billion).
 
 
 As of June 2022, Darktrace had an employee headcount of more than 2,000 and over 30 offices. The company 
 <a href="https://sp-edge.com/updates/12925">
 served
 </a>
 7,437 customers (up 32.1% YoY) in 110 countries and it recorded USD 415 million in revenue during FY2022 (up 45.7% YoY).
 
</div>

Sysdig is an open-source platform that includes Falco, Sysdig OSS, and Prometheus—the open standards for runtime security, cloud and container forensics, and continuous compliance to secure containers, Kubernetes, and public cloud infrastructure (including AWS, Google Cloud, IBM Cloud, and Microsoft Azure). The company’s cloud security policy management and container security software incorporate policy as code using Open Policy Agent (OPA). Sysdig Secure unifies run-time security, Infrastructure as Code (IaC) security, continuous cloud security posture management (CSPM), Cloud Infrastructure Entitlements Management (CIEM), compliance, image scanning, network security, incident response, and forensics across containers, Kubernetes, and cloud. Sysdig Secure DevOps Platform provides security and compliance into the build, run, and respond stages of the container and Kubernetes lifecycle. Sysdig also provides a Secure DevOps platform for AWS, Google Cloud, IBM Cloud, Microsoft Azure, and Red Hat OpenShift.Sysdig announced its intent to acquire the end-to-end cloud-native security platform Apolicy in July 2021 for an undisclosed amount. The acquisition expanded Sysdig’s container security offerings with the integration of Apolicy's IaC security that enforces policy as code, auto-remediation features, and risk-based prioritization to secure cloud and containers during production and pre-deployment.Key customers and partnershipsSysdig caters to a diverse customer base across various industries, including financial services, technology, telecommunications, and more. Notable customers as of February 2024 included Goldman Sachs, Bloomreach, T Mobile, Comcast, IBM, Experian, and SAP. By December 2021, Sysdig had a headcount of 500 and served 700 enterprise customers.Sysdig established strategic partnerships with leading cloud providers and technology companies, focusing on enhancing cloud security, compliance, and monitoring capabilities for its customers.Funding and financialsIn December 2021, the company <a href="https://sp-edge.com/updates/7361">raised</a> USD 350 million in a round led by private equity firm Permira at a valuation of USD 2.5 billion. Sysdig expected to use the funding to expand its geographical footprint in regions such as the Middle East and Asia, with plans to double its global headcount in 2022.The company’s annual contract value (ACV) increased by 2.3x YoY during H2 FY2021, with nearly 24 million downloads and a 300% growth in the adoption rate of Falco. For the eight months ended December 2021, Sysdig recorded an annual recurring revenue (ARR) of over USD 875,000 for its top 50 contracts and doubled its customer base YoY.

<div>
 
 Aqua Security&rsquo;s cloud-native application protection platform (CNAAP) provides security during the entire application lifecycle from development to production, allowing developers security wherever a build is deployed. The Aqua Platform is an integrated interface that provides access to threat analysis, cloud security posture management, and cloud workload protection capabilities.
 
 
 Aqua&rsquo;s paying customer base doubled in 2020 including more than six customers with annual recurring revenue (ARR) of over USD 1 million each. The company benefited from continued investment in sales, marketing, and customer success teams as well as an expansion into emerging technologies such as serverless computing. It also expanded features through acquisitions, including the container scanning software Trivy Vulnerability Scanner and cloud security posture management (CSPM) company CloudSploit. As of March 2021, the company had 400 customers across financial services, software, media, manufacturing, and retail industries. As of November 2021, the company&rsquo;s financial services revenue increased more than two-fold year-over-year (YoY). The company also counted 10 of the top 20 global banks and over 25% of the Fortune 100 among its customers.
 
 
 In July 2021, Aqua Security announced the acquisition of tfsec to expand its open-source cloud security portfolio which includes Tracee, Starboard, Kube-bench, and Kube-hunter. Aqua Security will also provide its existing users the ability to perform functions such as penetration testing, viewing runtimes, and forensic analysis using tfsec&rsquo;s platform. Aqua Security also announced the acquisition of the Israel-based supply chain security startup Argon, for &ldquo;tens of millions&rdquo; of dollars in December 2021. The acquisition expanded Aqua Securities&rsquo; Cloud-Native Application Protection Platform (CNAPP) capabilities, which includes vulnerability management and infrastructure-as-code (IaC) security. Aqua Security&rsquo;s Dynamic Threat Analysis (DTA) solution, which secures containerized applications, was also integrated with Argon&rsquo;s supply chain protection technology to secure all stages of software build and release as well as ensure end-to-end integrity of cloud-native applications.
 
 
 The company raised USD 135 million in Series E funding in March 2021 at a valuation of USD 1 billion. The round was led by ION Crossover partners to help Aqua develop its product, increase go-to-market activities, and expand geographical coverage. Aqua Security also reported plans to make more acquisitions in the future. In November 2021, the company secured an undisclosed amount from Capital One Ventures, and expects to utilize the funds to strengthen its product offering for enterprise cloud security.
 
</div>

Devo Technology is a cloud security information and event management (SIEM) platform that collects petabytes of data, analyzes and visualizes it for users while offering them access to 400 days of hot data for better threat investigation and hunting. Devo ingests data from data sources across on-premises or cloud environments, and provides user and entity behavior analytics (UEBA) and stream-based real-time alerting for users to investigate and detect threats.Devo Exchange is a community-based marketplace that provides a catalog of curated content created by experts. Devo Flow is a visual correlation engine that allows users to process and analyze data in motion. Devo Security Operations allows security teams to continuously monitor, detect, and investigate advanced cyber threats in cloud environments.In April 2022, the company acquired the detection and response startup <a href="https://sp-edge.com/updates/9934">Kognos </a>. Kognos integrates with an organization’s existing security tools for continuous monitoring of suspicious attacks. The platform contextualizes the attack campaign based on real-time forensic questions and findings to execute remediation tasks. Kognos’s product portfolio also includes an EDR platform and an AI-powered triage monitoring platform that ingests alerts from various security products and assists cybersecurity analysts with incident investigations. Kognos provided Devo with an autonomous security operations center (SOC) solution. In September 2022, Devo Technology acquired the security orchestration, automation, and response (SOAR) startup <a href="https://sp-edge.com/updates/13279">LogicHub </a>. LogicHub provides extended detection and response (XDR) solutions that automate incident response across the entire threat lifecycle. The company’s AI-based Autonomous Detection and Response Assistant (AuDRA) provides guided no-code playbook creation capabilities to security teams. LogicHub provided Devo with a complete SaaS stack of SOC capabilities required for an autonomous Security Operation Center (SOC).The company had operations in North America, Europe, and Asia-Pacific as of June 2022.Key customers and partnershipsNotable customers include Sonos, AT&amp;T, Powerco, Unisys, Ivy Tech Community College, and Oklahoma University.Funding and financialsIn June 2022, Devo <a href="https://sp-edge.com/updates/10903">raised USD 100 million </a>in a Series F funding round led by Eurazeo, bringing the total funding raised to more than USD 500 million. The round valued the company at USD 2 billion, an increase from the USD 1.5 billion sticker price achieved during its raise in October 2021. The funds were expected to be used to accelerate its product innovation and delivery of its autonomous security operations center (SOC), invest in new M&amp;A expansion, and fuel growth in new regions and verticals, primarily in the public sector and the APAC region (such as Australia, New Zealand, Singapore, Malaysia, and Indonesia). Devo Technology also indicated that its Series F could most likely be its last funding round before it looks at going public via an initial public offering over 2023.In 2021, Devo recorded nearly 100% growth in revenue and customer growth and surpassed an employee headcount of 500, which included 91 new hires in 2022 across North America, Europe, and APAC. The company expected to pursue an initial public offering (IPO) during 2023. 60% of Devo’s US sales are generated through the channel and the company plans to grow its international market (outside North America) to 40% (from 20%) of its sales revenue within 2023.

Armis runs an agentless, enterprise-class security platform focused on identifying and responding to threats specific to IoT devices. The platform uses an out-of-band technology to discover and analyze endpoint behavior of all managed, and unmanaged IoT devices, ranging from traditional devices such as laptops and smartphones to unmanaged devices such as smart TVs, webcams, printers, HVAC systems, industrial robots, and medical systems. The company focuses on the internet of medical things (IoMT) and the industrial internet of things (IIoT) as manufacturers switch to smart production. The company uses its “Armis Device Knowledgebase” database to analyze devices for threats and creates device-specific behavioral profiles. Armis was acquired by Insight Partners, a global venture capital and private equity firm, in February 2020 for around USD 1.1 billion.Armis&nbsp;<a href="https://sp-edge.com/updates/21854">launched</a> an AI-powered exposure management platform, Centrix, in September 2023. The platform leverages AI to proactively remediate vulnerabilities and detect and block threats, protecting an organization’s entire attack surface.&nbsp;In January 2024, Armis&nbsp;<a href="https://sp-edge.com/updates/25976">acquired</a>&nbsp;<a href="https://sp-edge.com/companies/3101778">Silk Security</a>, an Israeli-American cyber risk monitoring and management startup, which had developed a sustainable cyber risk solution that collates alerts from across an organization’s entire tech ecosystem. Soon after, in February, the company&nbsp;<a href="https://sp-edge.com/updates/26751">acquired</a> CTCI to build AI-powered early warning systems.In February 2023, the company announced that it had exceeded USD 100 million in annual recurring revenue (ARR) from just USD 1 million in less than five years. The company also revealed plans to achieve operational profitability with a positive cash flow and reach USD 200 million in ARR within 2023. It has also planned to acquire and form partnerships with other companies as part of its strategy for 2023.Key customers and partnershipsArmis serves customers across numerous sectors, including manufacturing, technology, telecommunications, retail, hospitality, logistics, energy, utilities, healthcare, and financial services. Notable customers as of February 2024 included Allegro Microsystems, Burke Rehabilitation and Research, Colgate Palmolive, Flex, United, and Takeda. As of February 2024, Armis reported several Fortune 100 companies among its customer base.The company's partnership ecosystem is integral to its strategy, encompassing technology integrations, strategic alliances, and channel partners. This network is designed to extend the reach and capabilities of Armis's platform. In August 2022, the company&nbsp;<a href="https://sp-edge.com/updates/12235">partnered</a> with the threat detection and response company, SentinelOne to jointly provide three unified solutions that protect organizations across endpoints, cloud, mobile, IoT, OT devices, and more. Armis also partnered with TrueFort in April 2023 to address lateral movement of threat actors, and with cybersecurity consulting firm Security Risk Advisors (SRA) in August, combining its technology with SRA’s specialized services.

<div>
 
 Corelight offers a network detection and response (NDR) solution that commercializes the open-source network security monitoring technology Zeek (formerly known as Bro) to transform raw network traffic into actionable logs, extracted files, and security insights. This real-time data helps security teams to perform threat hunting, response, and remediation.
 
 
 The company has two main product lines referred to as Collections and Sensors to make Zeek more powerful. Collections are code packages that detect malicious port scanning behavior, brute force attacks, unencrypted connections, and other forms of cybersecurity threats. Corelight&rsquo;s Sensors&mdash;hardware, software, cloud, virtual&mdash;collect network traffic signals and export them to Zeek for threat analysis. The hardware/appliance sensors can be deployed in a high-volume on-premises data center or telecommunications network and are designed to monitor network traffic at speeds of up to 100 gigabits per second (Gbps) and beyond while the software sensor runs in Linux platform and within containers to perform network traffic analysis. The cloud sensors are available for AWS, Microsoft Azure, Google Cloud, and the virtual sensors can be set up in areas such as branch locations, manufacturing floors, remote workplaces, and high-value enclaves to analyze network traffic at speeds of up to 8 Gbps. The company served over 70 customers globally, including Fortune 500 brands, large research universities, critical enterprises, and government agencies, as of October 2019.
 
 
 In September 2021, the company raised USD 75 million in a Series D funding round led by Energy Impact Partners (EIP). The company expects to use the funding to develop new data and cloud solutions, grow its presence in the global NDR market, and expand its team globally. Corelight expects to remain private for the next few years and raise additional funding before it considers going public.
 
</div>

<div>
 
 Perimeter 81 offers a range of cloud security solutions such as cloud access security brokers (CASBs), zero trust network access (ZTNA), and firewall-as-a-service delivered through the secure access service edge (SASE) architecture distributed across more than 50 data centers globally. The company also offers alternatives to traditional VPNs with cloud-based alternatives to facilitate cloud-based access to enterprise resources.
 
 
 Perimeter 81 also provides a unified platform that allows clients to manage all their cybersecurity tools and monitor the organization's security posture using a single dashboard. Perimeter 81 claims that companies can deploy its solution in their networks in 20 minutes compared to over seven days of other solutions. The company reported an increase in annual recurring revenue (ARR) of 400% year-over-year as of August 2020. As of January 2022, Perimeter 81 had employed 180 staff. The company was not profitable as of the same date, but it reported that its annual recurring revenue had more than doubled YoY and that it is on track to generate tens of millions of dollars in sales revenue in 2022. As of June 2022, the company served nearly 2,400 customers, including Fortune 500 companies and top organizations in technology, finance, healthcare, retail, and entertainment. Perimeter 81 generates more than half of its revenue from the US. The company has plans to expand across Europe and South Asia. Its notable customers include Ingram Micro and Hims &amp; Hers.
 
 
 In June 2022, the company 
 <a href="https://sp-edge.com/updates/10904">
 raised USD 100 million
 </a>
 in a Series C funding round led by B Capital. The round valued the company at USD 1 billion, a five-fold increase from the USD 200 million sticker price achieved during its raise in August 2020. The funds were utilized to accelerate product development for corporate network security to support its hyper-growth and expand its global employee headcount of over 250 across its sales, marketing, and R&amp;D teams in its three global offices&mdash;Tel Aviv, New York, and Los Angeles.
 
</div>

Founded by former Microsoft staffers, Wiz offers a platform for enterprises to protect their cloud infrastructure. Users can assess a company's entire cloud stack in either a public cloud or on-premises to identify vulnerabilities, misconfigurations, and identity issues. Once integrated with a company’s cloud environment, Wiz’s platform scans the entire cloud stack, including virtual machines (VMs) and containers, regardless of online status. Wiz’s platform does not require organizations to deploy an agent, and supports public cloud providers such as Amazon AWS, Microsoft Azure, and Google Cloud Platform.In October 2024, Wiz extended its runtime sensor to AWS Fargate and Azure Container Apps, aiming to provide end-to-end visibility and security across serverless workloads. This integration enables real-time threat detection, response, and runtime hunting, even without direct host access, supporting unique serverless challenges like ephemeral task lifecycles and restricted infrastructure visibility.&nbsp;The company’s product portfolio spans the entire cloud security stack, ranging from cloud security posture management (CSPM), cloud infrastructure entitlement management (CIEM), and cloud compliance platforms to cloud-native application protection platforms (CNAPP), supply chain security, cloud workload protection platforms (CWPP), and data security posture management (DSPM).In December 2023, Wiz acquired developer collaboration platform Raftt to bolster its offerings for cloud and Kubernetes developers. The company was reportedly in talks to acquire Israeli cloud detection and response platform Gem Security in March 2024, with plans to integrate the firm’s technology into its own platform. The company also confirmed it was in talks to acquire fellow cloud security player Lacework as of April 2024, with the deal expected to close by the end of 2025.Wiz reported USD 350 million in annual recurring revenue (ARR) for 2023.Key customers and partnershipsAs of February 2024, Wiz claims its solutions were utilized by 40% of Fortune 100 companies. Notable customers included Morgan Stanley, Asos, BMW, DocuSign, Slack, FOX, LMH, AON, Linde, Colgate-Palmolive, Rubrik, and Priceline.&nbsp; In March 2023 , Wiz partnered with threat detection and response company SentinelOne to provide end-to-end cloud security solutions by leveraging each company’s platform. With their combined capabilities, the joint solution was claimed to detect and remediate cybersecurity threats faster than stand-alone platforms.&nbsp;Wiz announced an integration with Apiiro, an application security posture management platform (ASPM), in December 2023 to offer unified cloud and cloud security to its customers.

<div>
 
 Noname Security provides an AI/ML-powered API security platform for real-time threat discovery, analysis, and remediation. The platform eliminates API security blind spots and helps detect vulnerabilities that can result in data leaks and tampering, malicious behavior, and authentication issues.
 
 
 Noname Security integrates with existing IT infrastructure and monitors the relationship between managed and unmanaged APIs to provide automated remediation without the need to deploy software agents, sidecars, or network modifications. The company also identifies potential vulnerabilities during the development and testing of API to proactively address issues before production.
 
 
 Since emerging from stealth in December 2020, the company has already partnered with 40 technology, resale, and channel partners as well as hundreds of enterprise customers including MuleSoft, Trace3, Evotek, MS3, and Opus Consulting.
 
 
 During H2 2021, the company tripled its headcount to over 200 employees, globally. Since its inception in 2020, the company recorded a growth in customer base and revenue by more than 400% every quarter. The company also counted 20% of the Fortune 500 companies, including two of the world&rsquo;s five largest pharmaceutical companies, one of the world&rsquo;s three largest retailers, and one of the world&rsquo;s three largest telecoms, as customers. Furthermore, it has revealed plans to enhance its platform with new security features in 2022.
 
 
 In December 2021, the company raised USD 135 million in a Series C funding round co-led by Georgian and Lightspeed, at a valuation of USD 1 billion. The company expected to utilize the funds to expand its go-to-market and R&amp;D teams globally.
 
</div>

DeepFactor’s AppSec platform delivers 360 degrees of runtime visibility and control throughout the DevOps pipeline of cloud-native applications. This enables AppSec teams and engineering teams to identify supply chain, security, privacy, and compliance risks to secure both in-house applications and third-party components. The company’s self-hosted platform automatically observes billions of live telemetry data across more than 170 parameters in threads and processes of containers, Kubernetes, and Docker applications. Through this, it can detect code anomalies during testing, staging, and production with a single command and zero code changes. The data is also stored in a portal within a user-defined retention period that allows companies to investigate past behaviors and gain insights based on trends over time. AppSec teams can establish data governance, guardrails, and prioritize alert policies based on threshold triggers such as bad behaviors. The company provides insights to a company’s existing SAST (static application security testing), SCA (software composition analysis), and DAST (dynamic application security testing) toolset with reduced alert fatigue and reduced MTTR (mean-time-to-remediate).DeepFactor integrates with developer tools such as AWS, CircleCI, Jenkins, GitHub, GitLab, CloudBees, Swagger, and Travis CI, and provides its platform for businesses at a minimum of USD 800 per month for 20 developers.By September 2021, the company had served over 20 enterprise clients in the media, information technology, software-as-a-service, and public sectors, and had plans to expand its headcount from 20 employees to 30 in the areas of engineering, sales, and marketing across the US and India.In September 2021, the company raised USD 15 million in a Series A funding round led by Insight Partners. The company expected to direct the funds towards the development of its continuous AppSec Observability platform, launch a SaaS (software-as-a-service) solution, and expand product development in privacy, compliance, and CI/CD integration.

<div>
 
 Adaptive Shield provides a SaaS Security Posture Management (SSPM) platform that enables continuous visibility of an organization&rsquo;s SaaS ecosystem. The platform provides a total security score of each application, affected categories, affected security standards, and automated monitoring capabilities, which sends detailed alerts when security misconfigurations and misappropriated privileges occur, and it proactively remediates these vulnerabilities while complying with security standards and benchmarks. Adaptive Shield provides a unified security solution that includes data leakage prevention, access control, malware protection, privacy control, and more.
 
 
 The platform integrates with more than 50 SaaS applications such as Office 365, Salesforce, Okta, Slack, and Zoom, and the company intends to triple this to 150-200 applications by the end of 2022. The company counts Fortune 500 companies such as Home Depot among its customers, and as of October 2021, had a headcount of 25.
 
 
 Key customer and partnerships
 
 
 Adaptive Shield partnered with the endpoint security provider 
 <a href="https://sp-edge.com/companies/75532">
 CrowdStrike
 </a>
 in March 2022, to launch its zero-trust SaaS security posture management solution in CrowdStrike Store. Adaptive Shield integrated its solution with the CrowdStrike Falcon platform to enable security teams to identify and remediate risks stemming from misconfigurations and misappropriated privileges through device posture visibility and continuous risk assessment across the SaaS stack.
 
 
 Funding and financials
 
 
 In October 2021, the company raised USD 30 million in a Series A funding round led by Insight Partners. The company expects to use the funds to accelerate growth through global expansion, product innovation, and hiring staff in the areas of R&amp;D, customer success, and sales.
 
 
 Adaptive Shield received a 
 <a href="https://sp-edge.com/updates/20430">
 strategic investment of USD 10 million
 </a>
 from Blackstone Innovations Investments, reportedly as part of a wider strategic partnership between the two firms to further integrate Adaptive Shield&rsquo;s technology into Blackstone&rsquo;s operations.&nbsp;
 
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<div>
 
 Laminar is led by its co-founders Amit Shaked (CEO) and Oran Avraham (CTO), who are both veterans of Unit 8200&mdash;an intelligence unit of the Israel Defense Forces. Laminar delivers an agentless cloud-native data protection platform for applications and services built and run on public clouds such as Azure, Google Cloud, and AWS.
 
 
 The platform is specifically built for CISOs and data protection teams, allowing them to proactively discover shadow data stores, classify sensitive data, and secure data to improve their security risk posture. The platform also helps users to detect and remediate data leakages in real time without interrupting the data flow. It allows continuous monitoring of managed and unmanaged data stores and data egress channels. The company revealed that its product has been tested by hundreds of CISOs and it planned to mark its commercial debut in early 2022.
 
 
 In November 2021, the company 
 <a href="https://sp-edge.com/updates/6765">
 raised USD 32 million
 </a>
 in a Series A funding round led by Insight Partners. The company was to utilize the funds to build out its engineering and go-to-market teams as well as establish a new data security research team. In June 2022, Laminar 
 <a href="https://sp-edge.com/updates/10905">
 secured a USD 30 million extension
 </a>
 to its Series A funding round from Tiger Global Management and Salesforce Ventures. The company expected to utilize the funds to build out its engineering and go-to-market teams, and establish a new data security research team.
 
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 Dazz offers an AI-powered cloud security platform that helps companies identify and automatically remediate issues like misconfigurations and vulnerabilities in cloud-native application development environments. The company provides visibility to prioritize incidents and traces back issues to the team who owns the code to recommend a new code that mitigates future incidents.
 
 
 As of December 2021, the company served 12 customers, with half of them being Fortune 500 companies. Dazz&rsquo;s clients span across industries such as healthcare, pharmaceuticals, financial services, and retail. The company had an engineering headcount of 30 and plans to more than double this to 75 in 2022. The company also plans to build a go-to-market team of 25 to 35 in the US in 2022. Takeda Pharmaceuticals in Japan is one of the notable customers of the company. The company has offices in the US and Israel and intended to expand into the UK and Europe in the future.
 
 
 In December 2021, Dazz raised USD 50 million in Series A funding. The company expected to use the funding to expand its AI team and develop solutions to cover new use cases requested by its customers. Dazz also announced plans to launch its product for general availability by the first quarter of 2022.
 
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 Slim.AI provides a SaaS platform built on the open-source project DockerSlim (created by Quest), which provides automated tools for developers to create, build, deploy, run, and secure their container applications. The company has designed an automated container-based workflow system (Know Your Container) to guide developers and minimize the risk of shipping codes with vulnerabilities.
 
 
 Slim.AI provides developers with &ldquo;Google-like&rdquo; search and locate for containers across multiple container registries, such as Docker Hub, Amazon Elastic Container Registry, Microsoft Container Registry, and RedHat Quay. This enables developers to visualize and gain deep insights on the security profile and composition that makes up the container. The company has revealed future integrations with GitHub and GitLab. Slim.AI planned to add capabilities that automate the process of removing unwanted software (such as package managers and libraries) from a container in late February or early March 2022. In Q2 2022, Slim.AI planned to introduce plugins on its platform with a third-party tool that allows developers to eliminate vulnerabilities to secure and optimize container images.
 
 
 Slim.AI provides a free version of its platform for developers and planned to capture a large user base before beginning its first commercialization efforts in H2 2022. As of January 2022, the early access program for the Slim.AI platform counted several thousand users.
 
 
 In January 2022, the company raised USD 31 million in a Series A funding round co-led by Insight Partners and StepStone Group. The funds were to be utilized to advance its platform and more than double its team of 20 in 2022.
 
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 Shift5 provides operational technology (OT) solutions to protect critical infrastructures such as commercial air, rail and metro, defense, helicopters and UAVs, maritime vessels, heavy vehicles, and satellites and space systems from cyberattacks and operational failures. Founded by members of the US Army Cyber Command and led by a team of cybersecurity experts, the company&rsquo;s data-driven analytics platform integrates onto existing transportation platforms to continuously monitor critical information for threats. It also maintains the resilience of vehicles and fleets. The company provides cybersecurity solutions such as threat detection, live visibility and alerting, cyber resiliency, predictive maintenance, and vulnerability research for commercial fleet operators and military organizations.
 
 
 Shift5 protects OT platforms through a three-component solution that includes Intake, Engine, and Gauge Cluster. Shift5 Intake deploys as hardware or software to collect data from existing serial bus protocols on fleet systems to transmit critical vehicle information to cybersecurity teams. Shift5 Engine detects anomalies and provides alerts using advanced statistical methods, machine learning algorithms, and standards-based rules. Shift5 Gauge Cluster uses advanced analytics to visualize critical vehicle information and conducts intrusion detection, incident response, and prevention.
 
 
 Key customers and partnerships
 
 
 The company won a multimillion-dollar contract from the US Army&rsquo;s Rapid Capabilities and Critical Technologies Office (RCCTO) in November 2020 to configure a prototype vehicle security system on army combat vehicles.
 
 
 Shift5 serves the US Army, US Air Force, US Navy, and several US passenger rail systems.
 
 
 Funding and financials
 
 
 In June 2023, 
 <a href="https://sp-edge.com/updates/19215">
 Shift5 raised USD 33 million
 </a>
 in an extension of its Series B funding round led by Moore Strategic Ventures, for a total USD 83 million raised in the round. The firm planned to use the funds to hire staff, expand into new markets, grow its federal business, and invest in engineering.
 
 
 The company hit an eight-figure annual recurring revenue (ARR) in its first year of product sales, buoyed by multiple seven-figure deals in 2021. Shift5 also recorded a 200% increase in its employee headcount during 2021.
 
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Veriti provides an AI/ML-driven platform that proactively and continuously identifies and remediates threats and vulnerabilities across an organization’s cybersecurity infrastructure. The platform integrates with an organization’s entire security stack and analyzes its security configurations, logs, sensor telemetries, and threat intelligence feeds to evaluate its risk posture. Veriti identifies the events that impact the business uptime and provides the root cause and security policy improvements that are required to remediate the impact.Funding and financialsIn November 2022, Veriti had raised USD 18.5 million in <a href="https://sp-edge.com/updates/14418">total funding </a>which comprised a USD 6.5 million round co-led by NFX and AMITI followed by a USD 12 million round led by Insight Partners. The company planned to utilize the funds to enhance its platform functionality and expand its operations.

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 Elisity offers the &ldquo;Cognitive Trust&rdquo; platform that combines identity and behavioral intelligence to understand the unique characteristics of people, apps, and devices in order to implement zero-trust access models and continuously monitor all access to enterprise networks in cloud, data center, and on-premise applications. Elisity offers its services to companies in the sectors of manufacturing, retail, energy, utilities, financial services, healthcare and pharmaceuticals, and as of June 2021, employed 30 staff.
 
 
 
 
 In June 2021, Elisity raised USD 26 million in Series A funding in a round co-led by Two Bear Capital and AllegisCyber Capital. The company expects to use the funding to scale up its platform.
 
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Paris-based Filigran is a cybersecurity firm developing open-source threat intelligence and crisis management solutions, with an added focus on strategic implementation of cybersecurity.Filigran offers two main products as part of its extended threat management (XTM) portfolio, OpenCTI, a threat knowledge platform designed to organize and operationalize threat intelligence, and OpenEx, a threat simulation platform for stress testing security infrastructure.&nbsp;Key customers and partnershipsThe firm’s solutions are reportedly used by 3,200+ organizations globally, including, as of June 2023, Airbus, Marriott, Thales, Hermès, and government agencies such as the European Commission, the FBI, and the New York City Cyber Command.As of June 2023, Filigran had established partnerships with 20+ leading global companies, including Deloitte, Orange Cyberdefense, Atos, Wavestone, and Intrinsec.

Building future-ready applications in the cloud

Cloud-native Tech

JFrog is a DevOps and software automation company providing a suite of solutions aimed at optimizing and accelerating software development processes.Artifactory by JFrog is a universal binary repository manager, enabling organizations to store, manage, and distribute software artifacts efficiently. JFrog's platform integrates seamlessly with various development tools, including CI/CD pipelines, enabling automated and streamlined software delivery. Additionally, its Xray product offers advanced security scanning and vulnerability analysis for enhanced code quality and security. With a commitment to automation, scalability, and security, JFrog plays a vital role in helping businesses achieve faster, more reliable software releases.The JFrog platform powers continuous updates. It claims to integrate with any development environment and works across open-source, on-premise, or any cloud.JFrog offers its platform through a subscription-based sales model.In 2021, JFrog acquired Upswift, a management solution for connected device fleets for an undisclosed sum, and Vdoo, an integrated security platform provider for connected IoT and embedded devices, for USD 300 million. Both companies were absorbed into JFrog.Key customers and partnershipsOver 7,200 of JFrog’s customers operate in industries such as finance, insurance, banking, health, retail, technology, mobile games, and esports. These include Yahoo, Cisco, Hitachi Vantara, Oracle, Splunk, VMWare, Netflix, Google, Atlassian, Chef, and Woven Planet.Amazon Web Services (AWS), 4Data, Atlassian, CircleCI, Datadog, DevTools, Docker, Google Cloud, Gradle, HashiCorp, Microsoft Azure, Microsoft Teams, Red Hat OpenShift, Slack, Splunk, PagerDuty, Maven, and Hewlett Packard Enterprise are among JFrog’s partners.

Mirantis is a technology company that provides cloud-native software and services to help businesses modernize their IT infrastructure.Mirantis specializes in open-source software, focusing on Kubernetes, OpenStack, and related technologies. Its core offering is the Mirantis Cloud Native Platform, a managed Kubernetes service that provides a complete set of tools for deploying and managing containerized applications. The platform helps organizations adopt and scale Kubernetes quickly and easily, with features like automated provisioning, integrated monitoring, and self-service access to resources. Mirantis also offers professional services including consulting, training, and support for Kubernetes, OpenStack, and related technologies.Mirantis sells its products and services through a subscription-based model. Customers can choose from various annual subscription plans, depending on their needs.Key customers and partnershipsMirantis focuses on enterprise customers who deploy and manage large-scale private clouds. Some of its high-profile customers include Volkswagen Group, Société Générale, S&amp;P Global, Paypal, Volkswagen, and GSK.Mirantis also has technology partnerships with several companies, including Arm, Cisco, Entrust, and Fujitsu, and hardware vendors like Dell EMC, Intel, and Supermicro.

Docker, Inc. is a technology company developing productivity tools centered around Docker, a software container platform that automates the deployment of code inside containers.Docker, Inc's major commercial products include Docker Hub, a central repository for containers, and Docker Desktop, a GUI application that enables Windows and Mac users to manage containers.Docker's ease of use, portability, resource efficiency, scalability, and strong ecosystem has made it a popular solution for deploying and managing applications in various environments.Docker has a subscription-based sales model. Docker also collaborates with various channel partners, including technology resellers, system integrators, and value-added distributors to expand its reach.Moreover, Docker has made several strategic acquisitions to enhance its capabilities: AtomicJar (2023), Nestybox (2022), SocketPlane (2015), and Tutum (2015), among others.Key customers and partnershipsAs of December 2022, the platform was used by more than 18 million developers. As of March 2022, the company served more than 56,000 commercial customers, including Adobe, Netflix, PayPal, Verizon, and Target.In <a href="https://sp-edge.com/updates/27771">March 2024</a>, Docker expanded its partnership with Red Hat to integrate Testcontainers Cloud into the Red Hat OpenShift platform. This partnership aimed to streamline the process of building cloud-native applications and facilitate real-world testing using Docker containers.Docker’s annual recurring revenue (ARR) was more than USD 50 million in 2021.

Sysdig is a cloud-native technology company providing container security and monitoring solutions.Sysdig offers an extensive container monitoring and troubleshooting solution called Sysdig Monitor. Sysdig Monitor provides deep visibility into containerized environments. With Sysdig Monitor, users can gain real-time insights into their containerized systems, including detailed metrics, logs, and traces. The platform collects data at high granularity, enabling users to identify and troubleshoot issues quickly. It offers powerful analytics and visualization capabilities, allowing users to create custom dashboards and alerts to monitor specific metrics and events.One of the strengths of Sysdig Monitor is its ability to provide end-to-end visibility across the entire container stack, from the application layer down to the host system. It can capture and correlate data from containers, orchestration platforms like Kubernetes, and the underlying infrastructure, providing a holistic view of the environment.Sysdig offers its products through a host-based licensing model.Key customers and partnershipsSysdig’s monitoring platform is used by many technology and non-technology companies, including Goldman Sachs, SAP, and Beekeeper.Sysdig has technology partnerships with AWS, Azure, Google Cloud Platform, Splunk, HashiCorp, CloudBees, and CircleCI.

LeanIX is a German company specializing in Enterprise Architecture Management (EAM) solutions. LeanIX’s products include Enterprise Architecture Management, which allows users to manage the risk and transformation of their IT landscape; SaaS Management Platform (SMP), which is a fully automated SaaS management solution that optimizes cost and productivity; and Value Stream Management (VSM), which helps software engineers achieve transparency across their supply chain and identify vulnerabilities. LeanIX allows customers to gain control and transparency over SaaS, enterprise architecture, and microservices landscapes. LeanIX follows a direct sales model. In March 2021, LeanIX acquired Cleanshelf, a SaaS management provider, which was absorbed into the company. In September 2023, SAP announced it had agreed to acquire LeanIX with the deal expected to close in Q4 2023. Key customers and partnerships LeanIX counts around 1,000 enterprise customers who operate in industries and sectors such as healthcare/pharma, automotive, public sector/education, industrial/manufacturing, energy/utilities, tech/media/telecom, consumer/retail, and logistics/travel/transportation. Some notable customers are DHL, Volkswagen, Dropbox, Bosch, Audi, Bentley, Decathlon, Discover, Ducati, Hermes, Lamborghini, Swarovski, and Vodafone. LeanIX’s technology partners include Apptio, Collibra, Atlassian, Lucidchart, CAST, SAP Signavio, and MuleSoft. Funding and financials LeanIX’s latest funding was in July 2020 from a USD 80 million Series D round led by GS Growth.

Stormforge is a technology company offering a platform to optimize applications in Kubernetes environments.Stormforge is a Kubernetes resource management platform that consists of three components: Stormforge Optimize Live, Stormforge Optimize Pro, and Stormforge Performance Testing. It leverages machine learning to rightsize Kubernetes application resources through autoscaling to reduce cloud costs, improve performance, and provide application insights for improving cloud-native architecture.Stormforge follows a consumption-based sales model.Key customers and partnershipsThe company serves customers such as Acquia, Vorwerk, root360 (now a part of Skaylink), Shop Apotheke, and Galeria Kaufhof.Stormforge has partnered with Amazon Web Services and Datadog to improve its optimization capabilities.

Granulate is an Israeli software company that specializes in real-time computing optimization solutions.Granulate utilizes machine learning and AI to offer intelligent optimization solutions. It enables users to improve the performance of applications by dynamically optimizing computing resources in real-time.Granulate was acquired by Intel in 2022 for an undisclosed amount. Post-acquisition, Granulate continues to operate as an independent entity.Granulate’s sales model is a duration-based subscription model, where users are invoiced based on the number of cores and hours used.Key customers and partnershipsGranulates portfolio of customers consists of Picsart, Zwift, Mobileye, Dream11, and fyber.Granulate integrates with most major cloud service providers, including Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP).

New Relic, Inc. is an observability company focusing on digital intelligence across full-stack environments.The company's core offerings include the New Relic All-in-one observability platform, a holistic observability solution that integrates metrics, events, logs, and traces into a unified system. This platform supports many technologies and frameworks, providing customers with detailed insights into their digital systems' performance. New Relic Instant Observability, an ecosystem of quickstarts, extends the platform's capabilities by offering pre-built integrations, dashboards, and alerts for numerous technologies, facilitating rapid deployment and immediate value realization. In <a href="https://sp-edge.com/updates/27770">March 2024</a>, the company announced native Kubernetes support for its observability platform, providing a more streamlined approach to data collection than the previous methods used by the company.New Relic offers a consumption-based pricing model, based on the amount of data ingested, the type of users (core and full platform users), and optional add-ons.The company has acquired eight companies: CodeStream (2021), Pixie Labs (2020), IOpipe (2019), SignifAI (2019), CoScale (2018), Immediately (2016), Opsmatic (2015), and Ducksboard (2014).Key customers and partnershipsNew Relic's platform is embraced by a wide range of industries, including ecommerce, healthcare, media, entertainment, and the public sector. Notable customers include ABInBev, Adobe, Riot Games, Toyota, Verizon, Atlassian, and Halodoc.It offers over 700 integrations, including products from major cloud providers like AWS, Google Cloud, and Microsoft Azure.Funding and financialsIn FY 2023, New Relic generated USD 926 million in revenue, an increase of 18% YoY.In November 2023, Francisco Partners and TPG completed the acquisition of New Relic for approximately USD 6.5 billion, marking a significant milestone. Prior to its acquisition, New Relic was publicly traded on the NYSE under the ticker symbol NEWR, having gone public in December 2014.

Datacore is a Software-defined Storage (SDS) software company that provides storage solutions for the cloud, edge, and core. DataCore’s product portfolio consists of three primary products: SANsymphony – an SDS solution for SAN and hyper-converged infrastructure (HCI) environments; Swarm – a provider of on-premises object storage solutions for private and hybrid cloud environments; and Bolt – an enterprise-grade Kubernetes storage platform that offers data persistence for container and cloud-native ecosystems. DataCore claims to provide optimum flexibility, allowing customers to control how data is stored, protected, and accessed. Pricing is based on consumption and split into tiers: Enterprise, Standard, and Business. In January 2023, DataCore acquired Object Matrix, a media archive specialist and object storage pioneer. In 2021, DataCore acquired MayaData – a container automation and monitoring platform provider, and Caringo – a storage solutions provider for long-term retention, remote access, and distribution. Key customers and partnerships DataCore has 10,000+ customers operating in industries such as healthcare, education, media and entertainment, as well as the government sector. Its customers include NASA, Thorntons, Pacific Star, RSD, Evergreen, TUI Cruises, Mission Community Hospital, and ExCeL London. Some of DataCore’s strategic partners are Cisco, Dell, Citrix, Microsoft, Fujitsu, Lenovo, VMware, and Supermicro. Its technology partners include Rubrik, Commvault, Intel, Fujifilm, Brocade, Broadcom, Adobe, Iconik, Docker, SAP, and Milestone. Funding and financials DataCore’s latest funding round was in December 2021, from a USD 9.7 million venture round.

SingleStore is a company that provides a distributed SQL database platform for real-time analytics and operational applications.SingleStore’s platform combines the scalability of NoSQL with the querying capabilities of SQL. It enables organizations to ingest, process, and analyze large volumes of data in real-time, making it ideal for applications that require fast and accurate data processing. SingleStore solves the problem of handling massive amounts of data and delivering real-time insights for use cases such as real-time analytics, operational analytics, and high-velocity transactional applications.SingleStore's competitive advantage is its ability to handle analytical and transactional workloads in a single platform. It allows businesses to consolidate their data infrastructure, simplifying management and reducing operational costs.SingleStore operates with a sales model that includes direct sales and partnerships with technology and solution providers. It offers different pricing and licensing options tailored to the needs of its customers, including subscription-based models.Key customers and partnershipsSingleStore serves some of the largest tech and non-tech enterprises across various industries, including Comcast, Cisco, Akamai Technologies, Fiverr, Goldman Sachs, Sony, Siemens, Hulu.SingleStore partners with all major cloud providers (AWS, Azure, Google Cloud, IBM Cloud) and has technology partnerships with Dell, Red Hat, Intel, HP Enterprise, and Looker.Funding and financialsAs of June 2023, SingleStore’s latest fundraising was in October 2022 from a USD 30 million Series F round led by Goldman Sachs Asset Management and Prosperity7 Ventures. The funds were slated to fuel SingleStore’s growth and various strategic initiatives.

Octopus Deploy Offers DevOps solutions to streamline the release management process and automate deployments across various environments.Octopus Deploy stands out for its innovative approach to configuration as code, allowing seamless transitions between user interfaces and code. This flexibility is particularly beneficial in a field that often requires customization and direct code manipulation.Octopus Deploy offers solutions like tenanted deployments, Kubernetes and container deployments, and integrations with GitHub Actions, Azure DevOps, and Jenkins, tailored for enterprise needs. Key features include easy deployments, tenant support, runbooks for operations tasks, Config as Code for version-controlled projects, and step templates for streamlined workflows​.Octopus Deploy operates as a subscription-based service.The company acquired two companies: Dist, an Australian cloud-native container registry and artifact repository service, in 2022, and Codefresh, a leader in Kubernetes CD, GitOps, and CI as well as an Argo maintainer, in 2024. Key customers and partnershipsOctopus Deploy has renowned enterprise customers such as NASA, Nike, Coca Cola, Stack Overflow, Recruit Wizard, and Ubisoft. The company states that over 235,000 developers and over 3500 customers used its product as of 2024.The company has established technology partnerships with leading cloud providers such as AWS, Google Cloud, and Microsoft Azure, as well as other tech companies like GitHub, Redgate, and TeamCity.

Aviatrix is a cloud networking company providing advanced networking and security solutions for multi-cloud environments.Aviatrix offers a comprehensive networking platform that enables organizations to seamlessly connect and manage their cloud environments across multiple cloud providers like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). It provides centralized control and visibility, simplifying the management of complex multi-cloud networks.Aviatrix's platform includes a wide range of advanced network services, including next-generation firewall integration, site-to-cloud and cloud-to-cloud connectivity, hybrid cloud networking, intelligent traffic engineering, and global transit networking.Aviatrix’s sales model includes direct sales, channel partners, and system integrators.Key customers and partnershipsAviatrix serves a broad range of customers across many industries. Notable customers include Yum!, Splunk, Autodesk, BankUnited, NASA, and Takeda.Aviatrix integrates with most major cloud providers, including AWS, GCP, Microsoft Azure, and Oracle Cloud.

Spacelift is a cloud infrastructure automation company providing management and orchestration infrastructure as code (IaC) workflows.Spacelift's main product is a CI/CD platform integrating with IaC tools like Terraform. It helps organizations automate the entire software development lifecycle by streamlining code testing, building, and deployment processes.Its unique feature set includes infrastructure drift detection, automated stack reconciliation, and self-service infrastructure provisioning, enabling organizations to achieve faster release cycles, improved scalability, and enhanced collaboration across development and operations teams.Spacelift follows a subscription-based sales model and provides its products through channel partners.Key customers and partnershipsSpacelift serves companies ranging from startups to large enterprises across various industries. These include DocuSign, Figma, PayFit, lightspeed, Affinity, and Netlify.Spacelift’s CI/CD platform supports multiple IaC providers (Terraform, Terragrunt, Pulumi, CloudFormation, Kubernetes), Version Control Software providers (GitHub, GitLab, Bitbucket, Azure DevOps), and Cloud providers (AWS, Azure, GCP).Funding and financialsAs of June 2023, Spacelift’s latest fundraising was in 2020 from a USD 15 million Series B round led by Insight Partners.

Honeycomb is an observability and analysis platform provider catering to modern, cloud-native application environments.Honeycomb offers a robust observability platform tailored for modern, cloud-native environments. Its key products and features include event-driven observability, real-time query capabilities, distributed tracing, collaboration tools, SLO monitoring, and seamless integrations. What sets Honeycomb apart is its expertise in handling high-cardinality data, enabling deep insights into complex systems. With real-time interactivity and a focus on collaboration, Honeycomb empowers teams to troubleshoot and optimize applications effectively, enhancing system reliability.Honeycomb operates across platforms such as OpenTelemetry, AWS, and GitHub.Honeycomb offers its platform as a subscription-based service.Key customers and partnershipsAmong Honeycomb’s customers are Vanguard, HelloFresh, Slack, Intercom, Heroku, LaunchDarkly, Circleci, Glofox, Optimizely, Sumup, Coveo, Jack Henry, and Ecobee.Its featured integrations include GitHub, OpenTelemetry, and AWS Private Link. Among its other integrations are Slack, PagerDuty, Terraform, AWS Lambda, Bitbucket, Fastly, Circleci, GitLab, Gradle, Istio, Kubernetes, Prometheus, and ServiceNow.

Ory Corp is a provider of cloud-native identity management and authorization solutions.Ory Hydra is an open-source OAuth 2.0 and OpenID Connect server that enables organizations to secure their applications and APIs with robust authentication and authorization capabilities. Ory Hydra simplifies the implementation of industry-standard authentication and authorization protocols, allowing developers to easily integrate secure user authentication and access control into their applications.Ory Corp follows a commercial open-source sales model for its products and services, while Ory Hydra's Enterprise Edition is available through a subscription-based pricing model. Ory Corp also offers consulting and professional services to assist organizations in implementing and optimizing Ory Hydra within their environments.Key customers and partnershipsOry Corp serves a range of industries, including finance, healthcare, e-commerce, and technology, where secure identity and access management are critical. The product is used by Coinbase, Sainsbury’s, Raspberry Pi, Hootsuite, and Société Générale, among others.

Teleport is a technology company providing a modern security gateway for managing access to infrastructure across cloud and on-premises environments.Teleport's flagship product, also named “Teleport,” offers a unified access control plane that simplifies the management of access privileges and ensures compliance with security policies. It allows users to securely access resources through SSH, Kubernetes, and web-based interfaces while providing granular control over permissions and visibility into user activity.One of Teleport's key features is its ability to provide secure access to dynamic infrastructure, allowing organizations to easily manage access to cloud instances, containers, and micro-services. It also offers features like session recording, audit logs, and multi-factor authentication to enhance security and compliance.Teleport's sales model combines direct sales for personalized engagement with enterprise customers and a subscription-based model.Key customers and partnershipsKey customers of Teleport include organizations across various industries, such as technology, finance, and healthcare. The platform is used by companies of all sizes, from startups to large enterprises. Key customers include Nasdaq, Flywheel, Tiger Graph, Gladly, and Jasper.

Data Infrastructure & Analytics

Alteryx is a data analytics company offering an “analytics cloud platform” focused on AI-powered automation. The platform is designed for users with varying technical skills, featuring a low-/no-code environment and drag-and-drop functionality. The company says its platform enables any user to evolve from basic report building to sophisticated data storytelling, fostering a more inclusive approach to data analysis.Alteryx released <a href="https://sp-edge.com/updates/29504">AiDN Copilot</a>, which is an AI assistant that enables the creation of analytical workflows. This allowed customers to have a conversational interface leading to efficiency and fostering of data insights. It also obtained a <a href="https://sp-edge.com/updates/30342">patent</a> for a feature engineering tool that automatically generates features for ML models.In December 2023, the company entered into a <a href="https://sp-edge.com/updates/24973">definitive agreement</a> to be acquired by global private equity firms Clearlake Capital Group and Insight Partners for USD 4.4 billion, which was completed in March 2024.In 2023, Alteryx generated revenue of USD 970 million and a net loss of USD 179 million.Key customers and partnershipsAs of December 2023, Alteryx reportedly served over 8,300 customers and collaborated with more than 400 partners in 90 countries. Some notable clients included McLaren, Adidas, and Siemens Gas &amp; Power.Key partnerships reported as of November 2023 included Snowflake for data science, AWS for cloud solutions, Databricks for bridging business and technical analytics, Tableau for enhanced data visualization, UiPath for process automation, and Google Cloud Platform for large-scale data analysis.

Dremio is a data lakehouse platform company that provides solutions for self-service analytics and data management. Its platform offers i) Sonar, an SQL engine for open data platforms, and ii) Arctic, an intelligent metastore for Apache Iceberg. The platform also includes features that automatically update materialized views and aggregations when changes occur in the base Iceberg tables. It also speeds up the retrieval process by storing frequently accessed query results and supports seamless data loading from Amazon S3 to Iceberg tables. The company offers its services through a freemium, usage-based model.In December 2023, Dremio <a href="https://sp-edge.com/updates/24955">launched</a> a GenAI-powered data discovery feature to simplify data contextualization and analytics, building on previously developed text-to-SQL capabilities to provide in-depth business context and minimize manual tasks. The company also announced in parallel that it was expanding its analytics engine for the open-table Apache Iceberg format, allowing users to convert multiple databases into the format with a single click.Key customers and partnershipsAs of September 2024, its key customers included Amazon, Adobe, Bentley, Carter's, and Bose.

SingleStore provides a distributed SQL database for operational applications and analytics systems.&nbsp;The company’s flagship product, SingleStore Helios, is a cloud database-as-a-service that provides elastic scalability and high performance for both transactional and analytical workloads.&nbsp;The platform's capabilities include data ingestion and query processing, catering to a range of data types such as structured, semi-structured, and unstructured. SingleStore's system is designed to support real-time analytics, serving SaaS builders, data leaders, and digital disruptors in optimizing their data analytics processes. The company also offers a version of its platform called&nbsp;<a href="https://sp-edge.com/updates/25938">SingleStore Pro Max</a> that incorporates on-demand compute for GPUs and CPUs, faster data ingestion and egress through updated change data capture (CDC) capabilities.The company also offers features such as SingleStore Kai, an API which offers real-time data warehousing, hybrid search combining vector and full-text capabilities, and a compute service for AI applications and ML workflows, as well as data integration tools with native change data capture (change data capture (CDC)) and extract, transform, and load (extract, transform, and load (ETL)) functionalities.In October 2024, SingleStore&nbsp;<a href="https://sp-edge.com/updates/34396">acquired BryteFlow,</a> a data integration platform, to integrate BryteFlow's capabilities into its core product to create a feature called "SingleConnect." This allows its clients to operationalize and ingest data from their CRM and ERP systems at scale for real-time data insights as well as GenAI use cases.Key customers and partnershipsAs of September 2024, SingleStore serves Fortune 500 companies including Comcast, Cisco, Akamai Technologies, Fiverr, Goldman Sachs, Sony, Siemens, and Hulu.SingleStore has partnered with cloud providers such as AWS, Azure, Google Cloud, and IBM Cloud and also has technology partnerships with Dell, Red Hat, Intel, HP Enterprise, and Looker as of September 2024.

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 Metabase is an open-source business intelligence tool that helps users create interactive dashboards. The company offers interactive data exploration with visualizations for everyone, with an easy-to-use visual query builder. The dashboards can be embedded to be shared in presentations, products, and publications. Metabase provides solutions for small teams, growing businesses, and large enterprises. The company has solutions for self-service business analytics and embedded analytics as well. The system can be connected to a variety of data sources through connectors, such as Amazon Redshift, Google Analytics, Microsoft SQL Server, and Oracle.
 
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 Acceldata offers a data observability platform that improves data reliability, lowers costs for analytics and real-time AI workloads, as well as increases processing scale. Acceldata's Data Observability Cloud is used by data scientists, data architects, executives and strategists, and data engineers and SREs and is said to be comprehensive, scaleable, optimized, reliable, and designed for data. The company offers 3 products: Pulse, for compute performance monitoring; Torch, for data reliability; and Flow, for data pipeline observability. Acceldata is partnered with Cloudera, HPE, Decisioneering and ESL, and has an office in Bangalore, India.
 
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Y42 is a data integration and analytics company providing businesses with a low-code platform and unified architecture for data management and analytics. It specializes in simplifying complex data processes, enabling users with varying technical expertise to effectively integrate, analyze, and visualize data. Y42 aims to offer customers a unified platform to replace point tools such as Fivetran, Airbyte, dbt Labs, and Tableau.The company’s turnkey plug-and-play data platform is applicable across multiple use cases, including building, monitoring, and testing data pipelines (data ingestion, transformation, orchestration, and automation), change management via Git, and data governance and security. Its visualization tools are designed to offer insightful and comprehensible data interpretations, aiding businesses in making informed decisions based on their data​​.Key customers and partnershipsAs of September 2024, Y42's notable customers included companies like LifeMD, Petlab, and Everdrop.

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 Prophecy.io is a Cloud Native Data Engineering product built on Spark &amp; Kubernetes. We help enterprises modernize their data engineering with open runtimes and hybrid cloud deployments. We do this by automatically migrating existing ETL workflows to Apache Spark and providing a full stack data engineering product on Cloud Native infrastructure.
 
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Promethium offers AI-native data fabric solutions. The company’s flagship product, AI-native data fabric platform, integrates with ChatGPT to provide natural language processing capabilities. Promethium’s Instant Data Fabric allows data teams to instantly access and analyze all enterprise data in real-time without the need for data movement or duplication, providing unified access to multiple data sources.As of October 2024, the data fabric platform has integrated with Snowflake, Amazon Redshuft, and Dbt Core.&nbsp;Key customers and partnershipsAs of October 2024, the company’s primary customers include Dolby, Hostess, National Grid, Quest Diagnostics, NTD, HealthEquity, Builders Mutual, CJ ENM, Royal Holiday, Vital Farms and eHealth across health, financial, food and beverages industries.

Census is a data integration and analytics company specializing in reverse extract, transform, load, (ETL) technology. The company is developing a “data activation” platform that transforms data warehouses into hubs for business and marketing operations by connecting unified product and customer data to various SaaS applications, enabling decision-making based on actionable data without the need for custom scripts or engineering support.The Census platform offers connectors for a broad range of data warehouse applications, such as Google BigQuery, dbt Labs, Elasticsearch, Greenplum, MySQL, and Snowflake for input, and supports a variety of SaaS applications ranging from Salesforce and Zendesk to Google and Facebook Ads, Shopify, and Slack. Notable features of the platform include scheduled and continuous data sync, configuration via GitLink, a visual data mapper, and customer notifications.&nbsp;&nbsp;In July 2024, the company acquired <a href="https://sp-edge.com/updates/31774">Fulcrum</a>, an AI-driven automation platform for enhancing document processing and integration, for an undisclosed amount. Following the acquisition, Census aimed to integrate Fulcrum's technology into its platform to improve areas such as no-code tooling, powerful modeling capabilities, trust and governance features, and AI-first personalization for marketing teams.Key customers and partnershipsCensus’ customers included names from a variety of segments and industries, such as Figma, Notion, Canva, Dockers, and Loom. These customers mainly utilize Census in marketing and sales use cases, while data teams also engage with the platform for support functions.As of November 2023, in terms of partnerships, Census engaged in collaborations with multiple notable firms, including Google, Snowflake, AWS, Fivetran, Mammoth Growth, Poplin Data, and SpringML, to expand its product capabilities and support deployment.

Dataiku provides a platform for data science and machine learning. The platform connects to various data sources and allows enterprises to collaborate, cleanse, and prepare data, as well as obtain visual representations of a project’s data pipeline. It includes 100 built-in data transformers for common data manipulations and provides tools to parse and enrich specialized data types (such as geospatial data, time series, images, and text) with additional metadata.&nbsp; The platform also allows users to explore data and create statistical analyses, charts, and dashboards to share insights.The company also supports AI and machine learning through Dataiku AutoML, which provides access to algorithms from leading frameworks for prediction, clustering, time series forecasting, causal ML, and computer vision tasks. It also integrates with GenAI services, like OpenAI’s ChatGPT, to create tailored applications for various business needs. Dataiku also offers an <a href="https://sp-edge.com/updates/32596">LLM Mesh ecosystem</a> to allow secure access to thousands of LLM gateways, allowing enterprises to adopt a multi-LLM strategy for building and deploying GenAI-driven solutions at scale.Dataiku’s platform caters to enterprises in multiple industries, including financial services, healthcare, manufacturing, logistics, retail, utilities, and media. The company offers its platform as a subscription-based SaaS model.Key customers and partnershipsAs of September 2024, Dataiku served over 600 companies, including more than 150 of the world’s largest enterprises. Its notable customers include General Electric, Sephora, NHS, BNP Paribas, Toyota, LVMH, Standard Chartered, and Moderna.

Databricks offers a unified, cloud-based data lakehouse, called Databricks Lakehouse Platform, for integrating, storing, processing, governing, and sharing data for business analytics and AI initiatives. It is built based on open-source frameworks, like Apache Spark, Delta Lake, and MLflow. The company offers the platform through a usage-based (pay-as-you-go) model, and is catered toward enterprises in many industries, including manufacturing, financial services, healthcare, communications, media and entertainment, public sector, and retail.The platform allows enterprises to share data, models, dashboards, and notebooks across different platforms and tools for data science, analytics, and AI through Delta Sharing, a product developed in partnership with the Linux Foundation. It also supports automatic data ingestion and extract, transform, and load (ETL) processing through a unified API. It also offers <a href="https://sp-edge.com/updates/30386">LakeFlow</a>, an offering to integrate and simplify the various aspects of data engineering, including data ingestion, transformation, and orchestration from various sources. In addition, Databricks SQL, a serverless data warehouse on Lakehouse Platform, allows enterprises to run SQL and BI applications to gain insights from stored data.Furthermore, Databricks offers managed services for MLflow, an open-source platform that provides features for the development, management, deployment, and monitoring of ML models. In addition, the <a href="https://www.prnewswire.com/in/news-releases/databricks-introduces-new-generative-ai-tools-investing-in-lakehouse-ai-301865232.html">Lakehouse AI</a> tools featured within the Lakehouse platform allow developers to build Gen-AI applications using foundational models to train their own custom models securely with its enterprise data.Databricks resorted to acquisitions to enhance its product suite. In July 2023, it <a href="https://sp-edge.com/updates/19683">acquired MosaicML</a>, an ML model development platform for GenAI applications, in a transaction valued at approximately USD 1.3 billion, to integrate MosaicML's platform within the Lakehouse platform, offering organizations a unified platform with tools to create and manage large language models (LLMs) and a wide range of AI use cases, including GenAI, using their own data. It also <a href="https://sp-edge.com/updates/23006">agreed to acquire Arcion</a>, a database replication platform, for ~USD 100 million in October 2023. After finalization, Databricks aimed to integrate Arcion’s technology into its existing platforms, including MosaicML. Furthermore, Databricks <a href="https://sp-edge.com/updates/30204">acquired Tabular</a>, a data management company, for over USD 1 billion in June 2024. Post acquisition, both companies planned to collaborate to improve the interoperability of the Lakehouse platform working closely with the Delta Lake and Iceberg communities.In FY2023 (ending January 31, 2024), Databricks generated over USD 1.6 billion in revenue, primarily driven by its Databricks SQL product (data warehousing), which grew more than 200% YoY, reaching a run rate of over USD 250 million. The company also reported a customer retention rate of 131%, with an expansion rate of 140%, indicating that customers were purchasing more of Databricks' offerings.Key customers and partnershipsAs of August 2024, Databricks had over 10,000 customers worldwide, which includes renowned companies like S&amp;P Global, Adobe, Toyota, Nasdaq, and NASA.Databricks partnered with no-code extract, transform, and load (ETL) platform Hevo Data (July 2022) to provide automated data integration into the lakehouse for mutual customers. This enabled customers to deploy ETL pipelines on Hevo Data within Databricks. It also partnered with NVIDIA (June 2024) to optimize data and AI workloads by integrating NVIDIA CUDA accelerated computing into its Data Intelligence Platform.

Visual Layer leverages the open source fastdup package, created by the founding team, which has a community of 200,000 early users, to provide a platform that manage the massive sets of visual data used to train, test, and fine-tune generative AI models. The managed service curates and “cleans” the data, enabling scientists and ML practitioners to produce higher-quality models and results.

Onum is a data observability and orchestration platform. It aims to help companies extract value from their data while reducing costs. The platform employs AI to identify valuable data that drives business and security impact. It enables real-time observation, filtering, enrichment, and orchestration of data, ensuring that only meaningful information is sent to analytics platforms for immediate analysis.&nbsp;Onum's agnostic platform seamlessly integrates with existing IT stacks and supports all major data formats and standards, allowing organizations to leverage their investments in current infrastructure. It can be deployed on-premises, in the cloud, or in hybrid environments.

Acryl Data operates a data management platform built on the DataHub Project, an open source metadata platform and data catalog. The company's main offering, Acryl Cloud, enables organizations to manage and monitor their data assets through capabilities like data discovery, governance, and observability. The platform uses event-driven metadata and operates as a control plane for data, allowing users to monitor data health and detect incidents in real-time. It helps organizations analyze metadata to optimize data product creation and includes features for data quality monitoring, metadata testing, and cost optimization by identifying expensive or underused data assets. In June 2023, Acryl Data launched Acryl Observe, a data observability module designed to increase trust in data assets and enhance data quality management through continuous monitoring and anomaly detection.
Key customers and partnerships
Acryl Data's enterprise customers include Notion, Zendesk, Robinhood, OVO Energy, BetterUp, and Riskified. The DataHub Project, which forms the foundation of Acryl's platform, is used by companies including Pinterest, Stripe, Optum, Expedia, Saxo Bank, and Peloton. The company maintains a community of over 7,500 data practitioners who collaborate on data management capabilities through the DataHub Project.

Tools that streamline software development

DevOps Toolchain

<div>
 
 JFrog is a software company specializing in DevOps and software supply chain management. The company's core product, JFrog Artifactory, serves as a universal artifact management platform, supporting over 30 technology types including Docker, Maven, NuGet, Chef, Puppet, Ruby, Python, git, Gradle, Vagrant, and php. JFrog's platform aims to provide a secure, single source of record for the entire software supply chain, enabling companies to manage and release software updates efficiently.
 
 
 
 
 The JFrog Platform encompasses several products designed to streamline the software development lifecycle. JFrog Xray offers advanced security features for DevOps, helping teams identify and fix security issues across the DevOps pipeline, including exposed secrets, open-source vulnerabilities, infrastructure as code (IaC), container security, and license compliance. JFrog Distribution facilitates secure software distribution at scale across various environments. JFrog Pipelines orchestrates software releases and manages the continuous integration and continuous delivery (CI/CD) pipeline. JFrog Connect focuses on updating, controlling, and managing IoT devices at scale.
 
 
 
 
 JFrog's platform supports hybrid and multi-cloud environments, allowing organizations to maintain their tool choices and deployment targets without compromising speed or availability. The company has developed features to cater to AI/ML teams, simplifying model development, deployment, and management by treating machine learning models as software components. JFrog also offers the JFrog CLI for automating development pipelines and performing on-demand scans, JFrog Projects for organized resource management, and JFrog Workers for extending platform functionality through custom plugins.
 
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Tricentis is a global leader in enterprise continuous testing and software quality assurance. The company offers a comprehensive set of test automation capabilities to address various challenges in software testing. Tricentis' platform includes tools for test automation, test management, performance testing, and data integrity. Its flagship product, Tosca, provides model-based test automation, allowing users to create codeless, resilient automated tests. The company's test management solution serves as a central operating system for quality engineering organizations, ensuring traceability and governance across the testing lifecycle.
Tricentis' offerings cover a wide range of testing needs, including functional UI testing, API/microservices testing, and end-to-end business process testing. The company's solutions are designed to work with various applications, from packaged software like SAP and Salesforce to custom and cloud-native applications. In January 2023, Tricentis launched Test Automation, a cloud-based solution that simplifies test creation, orchestration, and scalable test execution. This SaaS-based product enables teams to verify quality across integrated platforms without requiring coding skills or prior test automation knowledge.

BigPanda is a company specializing in Artificial Intelligence for IT Operations (AIOps). Founded in 2012 by Assaf Resnick and Elik Eizenberg, BigPanda offers an AI-powered platform that helps IT Operations, Network Operations Center (NOC), and DevOps teams detect, investigate, and resolve IT incidents more efficiently. The company's core product is an Incident Intelligence and Automation Platform that leverages machine learning to correlate alert data streams from various infrastructure, applications, and services into actionable incidents.
BigPanda's platform aims to reduce the noise in IT alerts, improve the signal-to-noise ratio, and automate incident management processes. It integrates with various IT tools and systems, including ticketing systems, ITSM tools, incident response tools, and collaboration platforms. The company's Open Box Machine Learning technology enables customers to achieve high correlation rates on alert volumes, typically reducing millions of IT events to a manageable number. The company claims that its median customer realizes an 80% event noise reduction within the first eight weeks of implementation.
The platform offers features such as alert aggregation, event correlation, root cause analysis, and automated incident triage. It also provides unified analytics dashboards for end-to-end visibility of IT environments. BigPanda's solution is designed to help organizations reduce mean-time-to-resolution (MTTR) of IT incidents, improve service availability, and support digital transformation initiatives. The company operates on a Software-as-a-Service (SaaS) model, eliminating the need for on-premises installations.

Sonar is a suite of software quality assurance tools designed to help developers produce clean, secure, and reliable code. The company's flagship product, SonarQube, is an open-source platform for continuous code quality inspection. It performs automated code reviews using static analysis to detect bugs, code smells, and security vulnerabilities across more than 30 programming languages. SonarQube integrates into the development workflow, providing real-time feedback during code reviews and enforcing quality gates to ensure only code meeting predefined standards moves forward in the pipeline.
In addition to SonarQube, Sonar offers SonarCloud, a cloud-based version of the platform, and SonarLint, an IDE extension that provides immediate feedback to developers as they write code. These tools work together to support Sonar's "Clean as You Code" methodology, which aims to maintain high code quality standards throughout the development process. Sonar's solutions go beyond simple error detection, addressing deeper issues that may be overlooked by both human reviewers and AI coding assistants. The platform offers features such as code coverage analysis, duplication detection, and maintainability metrics to provide a comprehensive view of code health.

Jellyfish is an Engineering Management Platform (EMP) that helps engineering leaders align their teams' efforts with strategic business objectives. The platform analyzes engineering signals and contextual business data to provide visibility into engineering organizations, their work, and operations. Jellyfish's technology enables engineering leaders to measure, improve, and communicate the investment and effectiveness of their teams' efforts. The platform helps optimize resource allocation, streamline engineering and product operations, track deliverable progress, support healthy teams, and automate R&D financial workflows.
Founded in 2017 by Andrew Lau, David Gourley, and Philip Braden, Jellyfish aims to do for engineering what Salesforce did for sales. The company's platform integrates with existing tools to provide insights without disrupting workflows. Jellyfish's features include alignment of engineering efforts with business goals, streamlining of engineering and product operations, tracking of deliverable progress, and support for building healthy teams. In 2022, Jellyfish launched an industry-first comparative benchmarking tool, allowing engineering leaders to set productivity goals informed by cross-industry standards of excellence.

Lightrun is a developer observability platform that enables real-time debugging and monitoring of live applications. Founded in 2019 by Ilan Peleg and Leonid Blouvshtein, the company offers a solution that allows developers to add telemetry to running applications without requiring code changes, redeployments, or restarts. Lightrun's platform consists of three main components: a management server, a proprietary Java-based agent that runs on application servers, and an IDE plugin and command line utility. The platform supports dynamic insertion of logs, metrics, and snapshots into code, allowing developers to debug production issues more efficiently.
Lightrun's technology works by allowing developers to inject logs, capture snapshots, and add metrics to live applications on-demand. This approach shifts observability "to the left" in the development process, enabling developers to define what data should be generated by their applications at runtime based on application state and context. The platform integrates with existing tools and services, including popular IDEs and observability platforms, to fit seamlessly into developers' workflows.
The company claims that its solution can reduce mean time to recovery by up to 60% for its customers. Lightrun offers both cloud-based and on-premises solutions to cater to different customer needs. The cloud version is a managed SaaS platform, while the on-premises solution is designed for ISVs to use in customer support of on-premises deployments.
As of May 2021, Lightrun had raised a total of USD 27 million in funding, including a USD 23 million Series A round led by Insight Partners. The company has been recognized in the industry, being named a 2022 Top LinkedIn startup and a 2021 Gartner Cool Vendor in Observability.
Key customers and partnerships
Lightrun's customer base includes Fortune 500 companies as well as small and medium-sized businesses across various industries. One of its notable customers is Taboola, a high-scale content marketing site, which has provided Lightrun the opportunity to demonstrate its ability to operate at scale across thousands of servers.
Taboola reported significant improvements in their development process after implementing Lightrun, stating that they were able to shorten their development process by skipping iterative deployment cycles when adding logs and metrics.
Lightrun has also developed integrations with several popular tools and platforms to enhance its offerings. These integrations include Datadog, IntelliJ IDEA, Logz.io, Prometheus, Slack, and StatsD, allowing customers to incorporate Lightrun's capabilities into their existing technology stacks more easily.

Sourcegraph is a code intelligence platform that enables developers to search, understand, and automate changes across vast codebases. Founded in 2013 by Quinn Slack and Beyang Liu, Sourcegraph aims to be the "Google for code," providing a universal search engine for open source and private code repositories. The platform offers advanced search capabilities, including literal, regular expression, and structural search, as well as code navigation features like "go to definition" and "find references." Sourcegraph's technology is built on two main components: a search component that utilizes an optimized index format for code searching, and a global reference graph that maps entire codebases to enable precise navigation.
The company's core product allows developers to search across their entire codebase without needing to clone repositories locally. This capability significantly enhances developer productivity by making it easier to explore codebases, find relevant code examples, and understand complex software systems. Sourcegraph also offers a Chrome extension that integrates with GitHub, providing additional functionality for Go and Java code. Sourcegraph supports over 75 programming languages and can be used to search both public and private code repositories.
Sourcegraph operates on a "transparent by default" principle, with much of its own codebase and development processes open to the public. The company has developed its own protocols, such as Source Lib and SCIP, to facilitate language-agnostic interfaces for code indexing and analysis. Sourcegraph can be deployed in various ways, including a cloud-based solution, local installations, and managed instances for teams.

LaunchDarkly is a feature management platform that enables software teams to control the release and rollout of new features. Founded in 2014 by Edith Harbaugh and John Kodumal, LaunchDarkly's core technology revolves around feature flags, which are conditional statements that allow developers to change how code behaves in production after deployment. The platform enables teams to separate code deployments from feature releases, providing greater control over the software development lifecycle. LaunchDarkly's system allows for targeted feature rollouts, A/B testing, and rapid feature toggling, which can significantly reduce the risks associated with new releases. The company's platform is designed to serve various roles within an organization, from developers and product managers to IT operators and system architects. As of February 2021, LaunchDarkly was serving over 1,500 customers globally, including more than 20% of Fortune 100 companies. The platform handles peaks of 20 trillion feature flag evaluations per day, demonstrating its scalability and widespread adoption.
Key customers and partnerships
LaunchDarkly's customer base spans across various industries and includes notable names such as IBM, Atlassian, and HP. The platform has found particular traction in sectors like EdTech, where companies use it to manage weekly code releases for students and teachers. Government agencies have also adopted LaunchDarkly to validate releases in production before public deployment. Large software companies serving over 50 million consumers worldwide utilize the platform to manage feature releases across complex, multi-codebase platforms. In January 2021, LaunchDarkly was recognized on InfoWorld's Technology of the Year list, and it has been named to the Enterprise Tech 30 list multiple times, highlighting its position as a leading enterprise technology provider.

Honeycomb is an observability platform designed to help engineering teams investigate and resolve issues in complex cloud applications. Founded in 2016, the company offers a unique approach to monitoring and debugging distributed systems. Honeycomb's platform unifies logs, metrics, and traces into a single data type, allowing engineers to query and analyze high-cardinality data across billions of data points in seconds. This capability enables teams to detect patterns and anomalies in real-time, providing insights into how users experience their code in production environments.
The platform's architecture is built to handle the unpredictability and complexity of modern cloud-native applications, containerization, and microservices. Honeycomb's datastore is datatype agnostic, which allows it to avoid the data correlation problems often faced by traditional Application Performance Monitoring (APM) tools. The company's solution includes features such as distributed tracing, intelligent data sampling, and debuggable Service Level Objectives (SLOs). Honeycomb also offers BubbleUp, a feature that automatically compares attributes across millions of requests to reveal anomalies, and a Service Map for visualizing system dependencies.
Honeycomb's pricing model is based on event volume rather than the number of seats, servers, or fields, which the company claims makes costs more predictable for customers. The platform supports OpenTelemetry, providing SDKs for popular programming languages to facilitate data ingestion. In January 2024, Honeycomb deployed a SaaS cloud in the European Union to support GDPR compliance and local data residency regulations for its European customers.
Key customers and partnerships
Honeycomb's customer base includes notable companies such as HelloFresh, Stripe, Slack, Fender, Vanguard, and LaunchDarkly. The company reported having over 600 customers worldwide as of April 2023.
In March 2024, Honeycomb announced a strategic partnership with Focused Labs, aiming to modernize legacy systems and enhance observability practices. This collaboration is designed to provide customers with a comprehensive approach to implementing Honeycomb's platform, including OpenTelemetry instrumentation, data pipeline setup, and customized training.

Velocity, founded in 2005, is a technology managed solutions provider offering a wide range of services for multi-location enterprises across various industries. The company's core offerings include voice, data, wi-fi, POTS IN A BOX, Free-to-Guest TV, and the Global Expense Management (GEM) platform. Velocity operates a proprietary network backbone across 30 fully redundant fiber data centers, enabling it to provide comprehensive support to its clients. As a Competitive Local Exchange Carrier (CLEC) licensed in all 50 states, Velocity continuously monitors telecom and technology environments, allowing for rapid response times and reduced downtime.
The company's service portfolio extends beyond telecommunications to include supply chain and logistics services, inventory and warehousing, repair depot services, as well as digital signage and Digital Out-of-Home (DOOH) media solutions. Velocity employs over 500 staff members and maintains a nationwide network of 5,500 certified field technicians, project managers, and software developers. This extensive network, combined with 450+ carrier agreements, positions Velocity as a single-source partner for its clients' technology needs.
Velocity's commitment to customer support is evident in its 24/7/365 US-based technical support team. The company's approach focuses on providing reliable solutions that allow customers to concentrate on running their businesses, emphasizing exceptional customer service and support that exceeds expectations. Velocity aims to deliver these services at a price point that enables its clients' businesses to thrive.

Bitrise is a Mobile DevOps company that provides a comprehensive platform for automating mobile app development, testing, and deployment processes. Founded in 2014 by Barnabas Birmacher, Daniel Balla, and Viktor Benei, Bitrise has grown to become a leading solution for mobile app developers worldwide. The platform offers a suite of tools and services designed to streamline the entire mobile development lifecycle, from continuous integration and delivery (CI/CD) to automated testing and release management.
Bitrise's core offering is a fully-hosted mobile DevOps platform that includes features such as automated builds, code validation, secure automated code signing, and mobile-specific testing. The platform supports various mobile frameworks including iOS, Android, Flutter, React Native, Cordova, and Ionic. One of Bitrise's key differentiators is its ability to provide Xcode versions and betas within 24 hours of their release, ensuring developers always have access to the latest tools.
The company has developed several innovative solutions to enhance mobile development efficiency. These include the Bitrise Build Cache, which accelerates build and test times, and Bitrise Insights, a CI/CD monitoring dashboard that provides actionable data on build performance, test results, and overall app health. Bitrise also offers over 360 mobile-tailored Steps, which are pre-configured integrations that can be easily incorporated into development workflows.
As of 2024, Bitrise serves more than 6,000 companies globally, including notable clients such as Reddit, Wise, Equinox, Grindr, and GoDaddy. The platform processes millions of builds annually, with users running over 4 million unit tests and 3 million UI tests in 2022 alone. Bitrise claims to improve build success rates by 95%, decrease build times by 75%, and reduce testing time by 80% for its clients.
Key customers and partnerships
Bitrise has established itself as a trusted partner for a wide range of mobile-first companies and traditional enterprises expanding into mobile. Some of its key customers include Rakuten, WISE, Bose, Virgin Mobile, Compass, Mozilla, Philips Hue, and Marks & Spencer. The company's platform is particularly popular among finance and banking institutions, as well as nonprofit organizations, demonstrating its versatility across different sectors.
In terms of partnerships, Bitrise has integrated with various tools and services in the mobile development ecosystem. For instance, the platform offers seamless integration with Genymotion Cloud SaaS Android virtual devices, allowing developers to run automated tests faster and at scale. Bitrise has also acquired Flare.Build in October 2022, enhancing its capabilities in speeding up feedback loops and multiplying app build performance.
Bitrise's impact extends beyond its direct customer base, with approximately 35% of Y Combinator's top companies using its platform as of 2022. This widespread adoption among innovative startups further solidifies Bitrise's position as a leader in the mobile DevOps space.

Instabug is a mobile performance platform that provides tools for monitoring, identifying, and fixing issues in mobile applications. Founded in 2013 and headquartered in San Francisco, the company offers a suite of products including crash reporting, bug reporting, application performance monitoring (APM), and user feedback collection. Instabug's platform is designed to help mobile developers and engineering teams gain visibility into app performance, detect and resolve issues quickly, and improve overall user experience.
The company's SDK runs on over 2.7 billion devices, processing billions of mobile sessions annually. Instabug's technology captures detailed information about app behavior, including stack traces, device and network data, and user interactions. This allows developers to proactively identify and address performance issues, UI hangs, slow app launches, and other factors that may impact user perception of app quality. In 2021, Instabug processed 110 billion mobile sessions and helped customers resolve 4.2 billion issues.
Instabug's product suite has expanded to include features such as App Ratings and Reviews, which consolidates user feedback with performance metrics, and Session Replay, which provides visual replays of user sessions for enhanced debugging. The company also introduced Rollout Management to streamline and automate the app release process. Instabug takes a privacy-first approach, ensuring sensitive data is masked on users' devices.
In May 2022, Instabug raised USD 46 million in a Series B funding round led by Insight Partners, bringing its total funding to USD 54 million. The company has been growing its enterprise customer base and expanding its capabilities to meet the needs of larger mobile development teams.
Key customers and partnerships
Instabug counts many Fortune 500 companies and top 100 apps on the app store among its customers. Notable clients include DoorDash, Verizon, IHG, ABInBev, Porsche, Qualtrics, Gojek, and Clubhouse. The company has seen significant growth in its enterprise customer base, which increased tenfold in 2021.
Instabug has formed strategic partnerships to enhance its offerings. In January 2023, the company partnered with IBM's Instana to integrate mobile app performance monitoring with Instana's observability platform. This collaboration allows customers to monitor mobile applications in Instabug while identifying backend-related issues in Instana. In May 2023, Instabug joined the Datadog Marketplace, integrating its mobile performance insights with Datadog's monitoring and security platform to provide a comprehensive view of mobile app performance alongside backend infrastructure metrics.

Deno is a modern runtime environment for JavaScript and TypeScript, created by Ryan Dahl, the original developer of Node.js. Launched in 2018, Deno aims to address some of the limitations and design flaws of Node.js while providing a more secure and standards-compliant platform for server-side JavaScript development. Built on the V8 JavaScript engine and written in Rust, Deno offers improved performance and security compared to its predecessor.
Deno's key features include native TypeScript support, allowing developers to run TypeScript code without additional compilation steps. It uses a decentralized approach to package management, enabling direct imports of modules via URLs instead of relying on a centralized registry like npm. Deno emphasizes security by running code in a sandbox environment by default, requiring explicit permissions for file system access, network operations, and other potentially sensitive actions.
The runtime includes a comprehensive standard library and built-in developer tools such as a test runner, code formatter, and dependency inspector. Deno aligns closely with web standards, implementing many browser APIs to improve compatibility between server-side and client-side code. As of October 2024, the latest major release is Deno 2.0, which introduced full compatibility with Node.js and npm packages, allowing developers to use Deno in existing Node.js projects or migrate incrementally.

Incredibuild offers a hybrid development acceleration platform for developers and DevOps teams. Founded in 2002 and headquartered in Tel Aviv, Israel, the company's technology dramatically accelerates software builds and boosts development and testing cycles across various industries, including gaming, automotive, financial services, and embedded technologies. Incredibuild's core product utilizes Virtualized Distributed Processing technology, which turns every host into a supercomputer with hundreds of cores by recruiting idle CPUs across a local network or public cloud.
In October 2022, Incredibuild launched Incredibuild10, its most advanced Dev Acceleration Platform. This release introduced a patent-pending Build Cache technology, allowing developers to build once and cache data for reuse by all team members. The platform also includes smart and flexible enterprise license management and code analysis acceleration tools. Incredibuild's cloud optimization automatically manages on-demand and spot resources, enabling organizations to use smaller, more affordable machines while maintaining optimal performance.
In July 2023, Incredibuild was granted a US patent for its Build Cache technology, which empowers software developers and build servers to reuse intermediate and final cached artifacts compiled elsewhere in the organization. This technology, combined with Incredibuild's distributed processing capabilities, provides a comprehensive approach to reducing build times.
As of June 2022, Incredibuild reported doubling its Annual Recurring Revenue (ARR). In December 2023, the company announced a 20% reduction in its workforce.
Key customers and partnerships
Incredibuild boasts over a quarter of a million users from 2,500 global organizations, including many Fortune 100 companies. Major brands relying on Incredibuild's technology include Epic Games, Adobe, Citibank, Microsoft, Take Two, EA, Konami, Nintendo, Capcom, and WB Games. The company's platform supports leading development tools and projects such as Visual Studio, Unreal Engine code and shaders, Clang, Yocto, and AOSP.
In 2022, Incredibuild announced partnerships with Amazon Web Services (AWS) and Microsoft to integrate its gaming stacks, aiming to accelerate the go-to-cloud transformation of customers and partners worldwide. These collaborations allow Incredibuild's technology to be directly integrated into gaming stacks run on these cloud platforms, offering cost-effective and faster processing solutions.

Democratizing financial technology with a suite of API-based solutions

FinTech Infrastructure

Chargebee, based in the US and India, provides an infrastructure platform for enterprises to develop FinTechs to manage their billing, subscription, invoicing, and payments. Users can customize the pricing structures, products, and subscription lifecycle using over 480 recurring billing scenarios offered by the platform. Chargebee supported 23 payment gateways as of October 2020, including Stripe, Braintree, and PayPal. It was also available in over 120 currencies and in multiple languages. Chargebee also has offices in Amsterdam, Salt Lake City, and Sydney, and has a user base of more than 2,500 customers in over 160 countries as of October 2020. Its large enterprise customers include Fujitsu, Envoy, and Linux Academy. Notably, the company does not charge its customers until they reach USD 50,000 in revenue and claims that it processes over USD 3 billion in revenue annually. Chargebee’s ARR reportedly grew by more than 100% over the 12 months leading to January 2022, and during the period it <a href="https://sp-edge.com/updates/5855">acquired RevLock </a>(October 2021; to enable its users to automate revenue recognition) and Brightback (January 2022; to maximize revenue growth capabilities for its users). It <a href="https://sp-edge.com/updates/8725">subsequently acquired Numberz </a>in February 2022, to launch ‘Chargebee Receivables’ (to let users automate the entire receivables process from purchase to payments).In February 2022, the <a href="https://sp-edge.com/updates/8189">company raised USD 250 million </a>in funding, at a USD 3.5 billion valuation (more than 2.5x its valuation in April 2021), to be invested in product innovation, global expansion, and to set up strategic corporate growth initiatives.

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 British company Checkout.com offers a cloud-based payment infrastructure for businesses to accept and process local and cross-border online payments with embedded transaction insights and fraud prevention (dubbed Fraud Detection Pro). Checkout.com also provides a hosted payment page that collects customer information, processes payment requests, and handles authentication, on behalf of its users.&nbsp;
 
 
 The modular platform infrastructure allows users to choose only the payment elements and integrations they need and embed it into websites and mobile apps (Android and iOS). Checkout.com is also integrated with a range of ecommerce website building platforms such as 
 <a href="https://sp-edge.com/companies/30109">
 Shopify
 </a>
 and 
 <a href="https://sp-edge.com/companies/53916">
 BigCommerce
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 .&nbsp;
 
 
 In March 2023, ​​Checkout.com 
 <a href="https://sp-edge.com/updates/17243?industryIds=53">
 launched a card issuing infrastructure
 </a>
 (physical, virtual, and on-off cards), &ldquo;Checkout Issuing.&rdquo; Checkout claims that its cards rely less on third-party integrations, compared to similar market offerings, thereby offering users greater flexibility. The company further noted that enterprises issuing cards using the platform can also earn a portion of the interchange fees. The company subsequently launched a 
 <a href="https://sp-edge.com/updates/20105">
 proprietary AI-based selfie biometric solution
 </a>
 , known as Identity Verification, in July 2023, for customer onboarding and digital payments.&nbsp;
 
 
 The platform can process transactions in more than 150 currencies and has nearly 20 settlement currencies. It supports global debit and credit cards, digital wallets, domestic cards, and local payment methods. As of August 2021, the company operated through 17 global offices across the US, France, Brazil, Australia, Saudi Arabia, Singapore, and Hong Kong with plans to expand to India and the Philippines in the future. The company also 
 <a href="https://sp-edge.com/updates/18827">
 received a Retail Payment Services license
 </a>
 from the Central Bank of the UAE in May 2023, incidentally making it the first global payments provider to obtain an acquiring license in the country.
 
 
 Checkout.com has acquired several smaller firms to boost its cross-border and multi-currency offering including Pin Payments and ProcessOut, both in 2020. In May 2022, the company announced its intent to 
 <a href="https://sp-edge.com/updates/10391?industryIds=53">
 acquire ubble,
 </a>
 a French provider of remote identity verification solutions, to expand its current suite of financial products to help merchants better manage the financial risks involved in accepting and sending payments to and from their customers.&nbsp;
 
 
 Key customers and partnerships
 
 
 The UK-based company reported having thousands of customers as of August 2021&mdash;primarily large enterprises including Bloomingdales, Pizza Hut, Swarovski, Curve, Wise, Getty Images, and Klarna&mdash;across a range of industries.&nbsp;
 As of March 2024, the platform was servicing global brands such as Sony, SHEIN, Wise, Patreon, and GE HealthCare.
 
 
 In May 2024, Checkout.com 
 <a href="https://sp-edge.com/updates/29104">
 partnered with
 </a>
 Mastercard to enhance virtual cards to make B2B payments for online travel agents and other travel businesses. In March 2024, Checkout.com 
 <a href="https://sp-edge.com/updates/27688">
 partnered with Bolt
 </a>
 , a one-click online payment facilitator, to integrate their offerings and enhance cart conversions with ecommerce merchant partners. 
 In February 2024, Checkout.com 
 <a href="https://sp-edge.com/updates/26818">
 partnered
 </a>
 with Visa and UAE-based 
 <a href="https://sp-edge.com/companies/1401902">
 Stake
 </a>
 , a digital real estate investment platform, to launch a cross-border account funding solution within the GCC region.
 
 
 Funding and financials
 
 
 In January 2022, the company noted that the volume of transactions handled by its infrastructure had tripled over the past year (for the third year in a row) and that it had opened new offices in six countries across four continents. Notably, The company has reportedly been profitable since 2012 (within one year of being founded).&nbsp;
 
 
 The company 
 <a href="https://sp-edge.com/updates/7755?industryIds=53">
 raised USD 1 billion in Series D
 </a>
 funding in January 2022 (a year after raising USD 450 million Series C funding) at a valuation of USD 40 billion (more than double the USD 15 billion valuation in January 2021). The funds were earmarked for strengthening the company&rsquo;s balance sheet and to be invested in expanding its presence in the US, product development to launch more marketplace solutions, and develop Web3 solutions.
 
</div>

Finix Payments (Finix) offers a payment facilitator (PayFac)-as-a-service infrastructure platform for software platforms (involved in several industries such as restaurants, gyms and club management) to embed ecommerce payment systems. The infrastructure covers a range of solutions, including merchant onboarding, reporting and reconciliation, settlement and funding instructions, compliance, and chargeback and risk management.The platform’s enterprise customers range from startups to listed companies and Finix <a href="https://sp-edge.com/insights/8989">offers several business models </a>based on the degree of PayFac services the company wishes to build internally. Finix’s transaction volume rose 2x year-over-year in 2021. As of February 2021, the company had a workforce of 100 employees and Finix intends to double the headcount within a year.In August 2022, Finix <a href="https://sp-edge.com/updates/12257">raised USD 30 million </a>in venture capital for further product development.

Nymbus offers a banking-as-a-service (BaaS) FinTech infrastructure platform for banks and credit unions looking to embed digital banking services. The company offers a low-code platform that enables businesses to include a range of banking services including onboarding, deposits, loan originations, small business banking, and customer relationship management (CRM). Nymbus delivers these solutions over the cloud through APIs and microservices.Key customers and partnershipsThe company expanded its digital banking offering in August 2021, by adding the capabilities of digital wealth manager and robo advisory platform, Marstone. Nymbus’ customers include ConnectOne Bank, PeoplesBank, Locality Bank, and BankMD, among others.

Flutterwave, based in Nigeria and the USA, offers payment infrastructure for enterprises across the globe to enable cross-border transactions with Africa through payment applications created via a single API. Its solutions include a range of payment services such as checkout, card issuing and management (including “Flutterwave Barter”), stores, and invoices for websites and apps. The platform enables transactions in over 150 currencies, and a range of payment methods, including cards, mobile wallets, and bank transfers. Flutterwave subsequently added Google Pay as a payment method for its merchants in Africa, in September 2022. The company expanded its platform beyond payments in March 2022, by rolling out a series of new products, including BNPL, merchant lending, and business incorporation infrastructure. As of February 2022, the company’s infrastructure catered to 34 African countries (excluding North Africa), including Nigeria, Uganda, Kenya, and South Africa. Subsequently, in February 2023, Flutterwave received its payment services provider (PSP) and payment facilitator <a href="https://sp-edge.com/updates/16372">licenses in Egypt </a>and expanded its operations in North Africa. The company also received the <a href="https://sp-edge.com/updates/12805?industryIds=53">Switching and Processing License </a>from the Central Bank of Nigeria in September 2022; however, in July 2022 Central Bank of Kenya (CBK) directed all financial institutions to <a href="https://sp-edge.com/updates/11968?industryIds=53">cease doing business </a>with Flutterwave stating the company is not licensed to operate in the country.Flutterwave also entered into a five year strategic technology agreement with Microsoft in June 2023, to build its next-gen platform on Microsoft Azure cloud. This supports scaling the transactions processed through Flutterwave. Key customers and partnershipsFlutterwave noted that its platform is used by over 900,000 businesses, including Uber, Bookings.com, and Facebook.The company has expanded its operations and products through partnerships, including one with cross-border payment infrastructure company <a href="https://sp-edge.com/companies/76548">Currencycloud </a>in September 2021, to accelerate the launch of its payment network in Europe and the US. During the year, it also partnered with ecommerce fraud prevention company Forter (in April), and connected African businesses with over 377 million PayPal users globally (in March). In June 2023, it chose open banking infrastructure provider <a href="https://sp-edge.com/companies/305032">Token </a>to power Flutterwave’s “Pay by Bank” transfer capabilities. In 2019, the company collaborated with Visa to launch “Flutterwave Barter” as well as with Alipay to offer digital payment between Africa and China. Funding and financials Flutterwave had processed over 200 million transactions worth over USD 16 billion from its 2016 inception through February 2022. The company noted that its revenue rose at a CAGR of 225% over 2018-20, and was supported by the pandemic-led heightened demand for online payments. <a href="https://sp-edge.com/updates/8510">In February 2022, </a>Flutterwave raised USD 250 million in Series D funding, at a USD 3 billion valuation. The company intends to utilize the funds to accelerate customer acquisition in its existing markets, enter into M&amp;A deals, and for further product development including developing complementary products.

UK-based Pollinate offers white-label FinTech infrastructure for banks to build cloud based, data-driven, digital solutions to help small and medium enterprise (SME) access a broad range of value-added solutions including managing payments, accessing capital, digital loyalty schemes, and generating customer insights. Pollinate has offered its platform to leading global banks including the NatWest Group and National Australia Bank.In March 2021, Pollinate raised USD 50 million in a Series C funding round led by Insight Partners, and with participation from Mastercard and the NatWest Group to invest in product development and global expansion—including a move to North America.

Singapore-based Thunes is a cross-border payment infrastructure platform for banks, mobile money operators, money transfer operators, payment service providers, and enterprise payment platforms. It reduces the cost of cross-border fund transfers by eliminating third parties. The platform charges upto USD 5 for fund transfers and does not charge other fees besides transfer fees.Thunes is regulated by the Monetary Authority of Singapore and the Financial Conduct Authority (FCA) in the UK, and has regional offices in the UK, China, the US, Dubai, and Kenya, as well as its Singapore headquarters. The company reportedly had a mobile wallet network of around three billion accounts in June 2023 (from around 720 million in May 2021) and also connected about four billion bank accounts globally. The company further noted that it has processed transactions worth ~USD 50 billion since its inception.Key customers and partnerships Thunes’ platform was used by more than 260 customers and network partners across 110 countries in May 2021. Its customers include Grab, PayPal, M-Pesa, Bank of Dubai, Western Union, and NTUC Income, among others. In January 2022, <a href="https://sp-edge.com/updates/7670?industryIds=53">the company partnered with WEF </a>to provide its infrastructure to address systemic inequality in accessing financial services. In June/July 2021, Thunes partnered with <a href="https://sp-edge.com/updates/3565">Nepalese payment service provider e-Sewa </a>and <a href="https://sp-edge.com/updates/4210">Cambodia’s ABA Bank </a>, to enable remittances to the respective countries from overseas (countries in Thunes’s network). It also <a href="https://sp-edge.com/updates/4399">acquired European payment methods platform Limonetik </a>, to integrate into a single API the 285 local payment methods (such as wallets, installments, QR codes, etc.) Limonetik supports in over 70 countries. Thunes <a href="https://sp-edge.com/updates/10829">subsequently partnered </a>with <a href="https://sp-edge.com/companies/456059">True Layer </a>in June 2022, to enable cross-border open banking payments for its British and European customers. In October 2022, Thunes <a href="https://sp-edge.com/updates/13877?industryIds=53">partnered with “Visa Direct” </a>to add cross-border “send-to-wallet” capabilities to 78 digital wallet providers across the globe (already integrated with Thunes).The company also leverages its investors’ networks to expand its global presence. In May 2021, it aimed to leverage Insight Partners’ operational resources and talent network to expand its operations in North and South America, similar to how it leveraged existing investor Helios to expand to Africa and GGV Capital to widen operations in China.Funding and financialsThunes raised USD 72 million in Series C funding in 2023 ( <a href="https://sp-edge.com/updates/19134">initial raise </a>in June and an <a href="https://sp-edge.com/updates/20175">extension in July </a>), to invest in scaling its capabilities, launching new solutions, enhancing its network, and deepening its presence in key markets such as China, Latin America, and the Middle East. The round valued the company over USD 900 million.

DriveWealth provides an API-based white-label infrastructure platform for FinTechs to access the US securities market and build FinTechs. The platform can be used by online stock brokers, digital advisors, and mobile online financial service companies to embed investment experiences on their mobile apps to serve retail investors. It runs on the company’s patent-pending “Fracker” technology, which is cloud-based and provides the ability to invest in real-time fractional shares on a dollar equivalent basis.In February 2022, <a href="https://sp-edge.com/updates/8311">the company announced plans to offer cryptocurrency trading </a>access to partners and retail investors. The roll-out was to take place through the launch of two subsidiaries, DriveLiquidity and DriveDigital, together with the acquisition of the crypto firm, Crypto-Systems.As of May 2022, DriveWealth powered over 100 customers including Block, Revolut, GBM, and Navy Federal, which provided millions of retail investors in over 150 countries access to the US securities markets. It also partnered with Access Softek in 2020 to bring its offering to community banks and credit unions. Drivewealth’s revenue and number of customers reportedly rose 100% YoY in 2021, as international business grew 140% YoY. The company has also expanded its senior management team with several C-level hires in April/May 2022, <a href="https://sp-edge.com/updates/10316">including Terry Angelos (CEO) </a>, Gayathri Rajan (CPO), and Harshal Deo (CTO). DriveWealth raised <a href="https://sp-edge.com/updates/5083">USD 450 million in a Series D funding round in August 2021 </a>, co-led by Insight Partners and Accel, at a USD 2.85 billion valuation. The round came less than a year after the company raised USD 56.7 million in Series C funding in October 2020. The newly raised funds were earmarked for product and service expansions, recruitment, and technology innovations, as well as in launching self-clearing while entering strategic acquisitions and partnerships. Following the funding, Drivewealth partnered with two Latin American investment platforms, <a href="https://sp-edge.com/updates/6007">Grupo Bursátil Mexicano (GBM) </a>and Racional, to improve access to the US stock markets for Mexican and Chilean investors, respectively. It also <a href="https://sp-edge.com/updates/6670">partnered with Chipper Cash </a>to offer US stock market access to Ugandan investors.

Headquartered in Israel and the US, Unit offers a banking-as-a-service (BaaS) platform to build typical digital banking offerings including bank accounts, cards, payment (automated clearing house [ACH] and check payments), and lending products. As of June 2021, the company reported that around 80% of its customers used the service to embed banking services. Unit claims that users can launch banking products in around 4-5 weeks using its BaaS application programming interface (API), while in-house development could take about 18 months. It also announced the beta launch of “Unit Go” in June 2021 which allows companies to quickly create live bank accounts and issue physical and virtual cards. Key customers and partnerships The company added over 140 customers in FY2022 (ending May) including AngelList, HoneyBook, Homebase, Veryable, Roofstock, and Hearth. Unit partnered with leading diversified FinTech infrastructure provider, Plaid, in June 2021 to integrate its platform allowing customers to move funds seamlessly between accounts on Unit’s platform and over 5,000 third-party apps on the Plaid Exchange including Robinhood and Venmo. Funding and financials During the six months leading to May 2022, Unit’s transaction volume rose 7x as its annualized transaction volume rose to over USD 2.6 billion. Deposit volumes rose by around 10x, and the company also issued over 430,000 cards during the period. The company <a href="https://sp-edge.com/updates/10488?industryIds=53">raised USD 100 million in Series C </a>funding in May 2022, led by Insight Partners, at a USD 1.2 billion valuation. The funds were earmarked for product development and expanding its credit solutions, including the launch of a business credit card (within three months).

Based in Israel and founded in 2021, Noble offers a no-code, white-label infrastructure platform for enterprises to build credit products (compliance, debt funding, and underwriting), such as credit cards, buy-now-pay-later (BNPL), and cash advances. The company primarily targets digital banks, payment processors, online lenders, spend management tools as well as B2B marketplaces and wholesalers. Users can leverage the platform to access credit bureaus, banks, and income verification providers to decide which customers to lend to. They can also build workflows specifying which transactions to automatically approve, decline, or flag for manual review. Key customers and partnerships The company had more than 10 customers as of September 2022 and reportedly originated “USD millions” in loans through the platform. Funding and financials Noble came out of stealth and <a href="https://sp-edge.com/updates/13218?industryIds=53">raised USD 18 million in Series A funding </a>in September 2022 led by Insight Partners to invest in opening its US office and expanding its use cases.

Banked is a British company offering an API-based open banking payment infrastructure platform for banks, payment providers, gateways, and technology platforms. It allows customers to handle payments directly from bank accounts for customer checkouts and business payouts in place of card payments. The company claims that users can checkout in under 30 seconds and noted that bank details are not shared with the merchants. The platform charges customers a 0.1% flat fee to process payments.Key customers and partnerships In February 2022, Bank of America partnered with Banked to launch an online payment solution “Pay by Bank” for ecommerce companies.Funding and financialsBanked raised <a href="https://sp-edge.com/updates/14626?industryIds=53">USD 15 million in funding </a>in November 2022, led by Insight Partners, as an extension <a href="https://sp-edge.com/updates/8480">to its USD 20 million Series A funding </a>round in February. The company had earmarked the funds for investing in supporting its geographic expansion, mainly to the US.

Automation to improve business efficiency

Workflow Automation Platforms

FloQast offers an end-to-end workflow automation platform for finance, accounting, and internal audit teams. The platform enables users to collaborate on the management of month-end close tasks and automate workflows relating to accounting operations, reconciliation management, financial reporting, payroll, and information requests. Furthermore, the platform offers a dashboard that provides users with visibility into compliance, financial planning and analysis (FP&amp;A), and reporting workflows, as well as insights on maximizing process efficiency.In May 2023, the company expanded its platform by launching a compliance management solution that enables users to manage and integrate compliance into business processes, such as payroll processing and financial reporting. Furthermore, the company leverages GenAI to enable users to perform variances analysis, generate relevant descriptions and recommended actions for variances, automate information requests via auto-generate emails and intelligent response reviews, and automate reconciliation management.Key customers and partnershipsIn August 2022, FloQast extended its partnership with Microsoft to offer Microsoft’s global network of enterprise customers access to its accounting automation solutions via the Microsoft Business Applications ISV Connect program. The company also launched a number of apps on Microsoft AppSource.FloQast also provides a number of pre-built integrations with spreadsheet platforms, ERP systems, team messaging platforms, and email and cloud storage providers such as SAP, Oracle, Quickbooks, Dropbox, and Slack.As of October 2023, the company served over 2,500 global customers, including Shopify, Revolut, Kodiak, Zoom, Snowflake, DocuSign, and Okta.Funding and financialsIn April 2024, FloQast <a href="https://sp-edge.com/updates/28418">secured USD 100 million in Series E funding</a> led by ICONIQ Growth, at a valuation of USD 1.6 billion. The company planned to utilize the funding to support its research and development efforts (with a focus on AI), and global expansion. In February 2022, the company reported a 97% YoY growth in its annual recurring revenue (ARR) for the quarter, as well as a 153% YoY growth in net new ARR for 2021.

<div>
 
 Based in Israel, monday.com offers a cloud-based no-code platform that provides tailored solutions across multiple business functions, such as sales, HR, product development, operations, and IT, to automate and integrate workflows and apps. The main products offered by the company include &ldquo;monday work management,&rdquo; which incorporates task management functionalities to teams to plan, coordinate, and collaborate on projects, and &ldquo;monday dev,&rdquo; which enables development teams to manage sprints, track bugs, and plan development roadmaps.
 
 
 The platform offers tailored solutions for each business function including: 1) Content and design requests, track campaigns, and manage content calendars for marketing teams, 2) recruitment and onboarding process automation for HR teams, and 3) lead management and customer onboarding automation for sales teams. Users can centralize their work, processes, tools, and files into a single operating system and connect internal teams to build automations and enable effective collaboration.&nbsp;
 
 
 In August 2022, the company went on to
 <a href="https://sp-edge.com/updates/12038">
 launch &ldquo;monday sales CRM,&rdquo;
 </a>
 a customer relationship management (CRM) platform built on its no-code framework. The solution enables users to automate business processes, sync and track emails, set team goals, and manage sales and operations with one centralized solution.&nbsp;
 
 
 Key customers and partnerships
 
 
 As of November 2023, it is used by 186,000+ customers across 200+ countries. Its customers included large enterprises, such as Peloton, EA, BBC Studios, Hulu, Canva, and Zippo. In October 2022, the company expanded its operations in Asia by 
 <a href="https://sp-edge.com/updates/13716?industryIds=14">
 opening a new office in Japan
 </a>
 and entering partnerships with Japanese firms, such as Hitachi Solutions, NTT DATA Global Solutions Corporation, Gaprise, and TalentA Corp to increase its local base.&nbsp;&nbsp;
 
 
 As of November 2023, the platform offered over 200 integrations with multiple third-party apps, including CRMs (Salesforce, Zendesk), marketing platforms (HubSpot, Facebook Ads), and project management tools (Asana, Trello).&nbsp;
 
 
 Funding and financials&nbsp;
 
 
 In 2023, the company&rsquo;s revenue totaled USD 729.7 million (up 41% YoY). However, it was yet to turn a profit with an operating loss of USD 38.6 million. The company estimated annual revenue to be between USD 942 million&ndash;948 million in 2024, implying YoY growth of 29%&ndash;30%.&nbsp;
 
 
 
</div>

Pipefy offers a workflow automation platform that centralizes and standardizes workflows across functions for teams in HR, marketing and sales, finance, and others. Users can leverage if/then conditionals to build automated workflows for a range of tasks, such as employee onboarding, purchasing/procurement, recruiting, IT service requests, and expense reimbursement, and orchestrate operations across a range of third-party applications. These integrations span across a range of tools, including enterprise resource planning (ERP), accounting and legacy systems, and others. The company has a vast geographic presence with sales in over 215 countries.Additionally, Pipefy also offers “Pipefy Forms,” which enables users to create forms and automatically assign tasks, track due dates, monitor activity status, and obtain approvals through the form intakes. The company also launched “Pipefy Shared Inbox,” a task centralization and shared account management solution, in July 2021.In June 2023, the company launched Pipefy AI, a GenAI-based solution that leverages OpenAI’s GPT-4 model to enable users to generate insights, perform data analyses, and optimize internal processes. Users can ask questions about their current processes or datasets to identify trends and uncover root causes and create custom processes based on their requirements. It introduced new GenAI features to the platform <a href="https://sp-edge.com/updates/32584">in August 2024,</a> which include “AI Automation,” which handles repetitive tasks, “AI Agents,” which enhances service delivery, and “AI Co-pilot,” which creates workflows and analyzes data.Key customers and partnershipsAs of November 2023, the company reported more than 60,000 users ranging from startups and small and medium enterprises (SMEs) to large global enterprises, such as IBM, Accenture, GE, and Telefonica, among others.The platform offers a range of integrations through Zapier, from which users can automate repetitive work through connections with over 300 apps. In May 2023, the company partnered with ABBYY, an intelligent document processing (IDP) company, to offer an integrated solution that combines Pipefy’s process automation capabilities with ABBYY’s optical character recognition (OCR) technology. The solution enables users to integrate data extracted from digital documents when building workflows.

<div>
 
 Based in London, Dext (formerly known as Receipt Bank) offers an accounting automation platform that enables users to extract and process financial information. Users can extract data from a number of sources, including accounting software, ecommerce platforms, and payment providers, such as Quickbooks, Sage, Ebay, Etsy, Paypal, and Shopfify, and automate requests and payments, as well as cost and document categorization. As of October 2023, Dext supported over 11,500 accounting software systems, banks, and institutions.&nbsp;
 
 
 The platform provides visibility tools and insights generated from users&rsquo; client data, tools for automating data entry, specialized ecommerce data tools for extracting client sales data from multiple ecommerce sites, and point-of-sale platforms. Additionally, the platform enables users to automatically itemize transactions into sales, fees, refunds, and reimbursements.&nbsp;
 
 
 In 2020, the company acquired Xavier, a data quality checking platform, for an undisclosed amount. The company leveraged the acquisition to offer financial data quality checking as part of its insight generation tool.&nbsp;
 
 
 Key customers and partnerships&nbsp;
 
 
 In July 2023, the company extended its partnership with Xero, an accounting software provider, to enable its clients to purchase Dext directly on the Xero App Store.&nbsp;
 
 
 As of October 2023, the company served over one million customers around the globe.
 
 
 
</div>

Workato offers a cloud-based platform that enables citizen and professional developers to integrate a range of data and apps and create end-to-end automations across several business functions, including finance, HR, sales, IT, and marketing. The platform suite of solutions includes robotic process automation (RPA), integration platform-as-a-service, business process automation, and chatbots. Users can publish APIs, build data integrations, and create customized apps and bots from scratch via the platform's low-code interface or use over 500,000 community-built automation templates (called “recipes”).Moreover, the platform enables users to build tailored solutions for each business function, including automations for 1) accounting teams: Wuote-to-cash, accounts payable, and reporting, 2) sales and marketing teams: Campaign operations and lead management, 3) HR teams: Talent acquisition, onboarding, and collaboration, and 4) IT teams: Incident management and end-user support.The platform also provides software infrastructure, named “Common Workato Runtime” (CWR), which handles capacity planning, load balancing, fault-tolerance, and run-time optimization. In September 2023, the company launched “Workflow Apps,” a no-code tool that enables users to build end-to-end workflow automation applications.In November 2021, the company acquired RailsData, an Indian integration platform, for an undisclosed amount. Workato leveraged the company’s technology to power its own automation solutions and enable large customers to deploy services via application programming interfaces (APIs).Key customers and partnershipsAs of November 2023, served over 17,000 businesses across a number of industries, including financial services, retail, logistics, and healthcare. Its clientele includes large enterprise clients, such as Atlassian, AT&amp;T, Adobe, Autodesk, Box, Stitch Fix, GitLab, NYU, Nokia, and Broadcom.The company also offers integrations with over 1,000 third-party applications and databases (as of December 2023), including Salesforce, Slack, Marketo, NetSuite, ServiceNow, and Workday.The company also partners with a number of systems integrators and technology service providers such as Trianz, Cognizant, Cloud9 Consulting, <a href="https://sp-edge.com/updates/32627">Reltio,</a> and <a href="https://sp-edge.com/updates/32626">Deloitte.</a>In June 2023, the company partnered with OpenAI, to integrate the company’s large language model (LLM) technology with its automation platform, and develop a new GenAI-driven solution. Named AI@Work, the solution will feature a number of tools including: 1) Workato Copilot, which enables users to convert natural language prompts into powerful Workato recipes, 2) Workato AI Connect, which enables users to create personalized content, and 3) WorkbotGPT, which enables users to interact with enterprise applications such as Slack and Microsoft Teams in a conversational manner.

<div>
 
 Rattle offers a no-code workflow automation tool and prebuilt templates for sales and CRM teams to build Salesforce workflows and integrate them with collaboration platforms such as Microsoft Teams or Slack. The platform enables users to share Salesforce reports, manage approvals, and add team members to manage workflows. Moreover, the platform provides AI-based tools for users to extract actionable insights from sales calls and generate custom summaries for any role as well as scripts for follow up emails.
 
 
 In September 2023, the company launched two new tools&mdash;Atlas and Digest&mdash;which enable users to accurately track and forecast revenue and map their processes in real-time.
 
 
 Key customers and partnerships
 
 
 As of November 2023, the company served several enterprise customers including Rippling, Zenefits, Moveworks, Sendoso, and Ogury. Rattle also reported that over 70% of trial customers sign up for one of its three premium monthly subscription plans.&nbsp;
 
 
 As of April 2022, the platform integrated with several enterprise systems, including Salesforce, Google Suite, Outreach, Gainsight, Zendesk, JIRA, Marketo, Hubspot, and Salesloft.&nbsp;
 
 
 Funding and financials
 
 
 In April 2022, Rattle 
 <a href="https://sp-edge.com/updates/9582">
 raised USD 26 million
 </a>
 in Series A funding led by Insight Partners to expand its go-to-market teams and its platform&rsquo;s ecosystem of integrations.
 
 
 
</div>

Bardeen.ai offers a workflow automation platform that allows users to automate repetitive tasks and control web applications from any location. The company <a href="https://sp-edge.com/updates/18051">launched the platform</a> in April 2023, offering tailored solutions for HR, sales, and operations teams including automations for recruiting, meeting scheduling, lead management, and employee productivity. Users can download the Bardeen browser extension and select the tasks to be automated, such as copy-pasting web data to spreadsheets, web scraping, locating email addresses, and setting meeting reminders. In mid-2024, the company also introduced <a href="https://sp-edge.com/updates/32507">“Bardeen 3.0,”</a> which includes enterprise-grade encryption, compliance, and additional integrations.The platform enables users to build automations from scratch and provides over 200 pre-built templates (as of November 2023) called playbooks. Additionally, Bardeen offers an AI suggestion tool to suggest tasks that could be automated based on the user’s currently opened tabs and connected apps.The platform offers integrations with several tools such as G-Suite, Jira, Slack, Trello, Notion, Airtable, and Coda, in addition to its built-in tools, including website data scrapers, AI modules for optical character recognition (OCR), and text-to-speech.Key customers and partnershipsAs of August 2024, the compay had 300,000 users and more than 3,000 paying customers including Deel, Miro, Kearney, WPP, and 10Web.

DataSnipper offers an auditing automation platform that embeds directly into Excel to enable users to create audit trails. Users can select numbers from files such as an invoice, bank statements, or inventory documents and automatically reconcile against transactions. The platform offers a range of features including document and invoice data extraction and cross referencing tools, text recognition (including handwriting), data matching, and document management.Furthermore, Datasnipper provides a number of pre-built automation templates across a range of common auditing processes, and enables users to create and share their own templates across their organization. The platform also offers a cloud collaboration suite that enables real-time coordination across teams as well as an AI suite that enables users to ask questions in natural language and generate insights from unstructured documents and data.Key customers and partnershipsAs of February 2024, the company served over 400,000 auditors across 125 countries. Its enterprise clientele included Deloitte, KPMG, Ernst &amp; Young, PwC, Hilton, Siemens, and Frontier Airlines.Funding and financialsIn February 2024, DataSnipper <a href="https://sp-edge.com/updates/26255">raised USD 100 million</a> in Series B funding led by Index Ventures at a valuation of USD 1 billion. The company planned to use the funding to expand across new verticals such as internal auditors, tax advisors, and forensic accountants, amongst others.

<div>
 
 Built on top of Salesforce, Sweep enables users to create and update sales funnels via a drag-and-drop interface. Users can visualize, create, and manage their customer relationship management (CRM) processes, rules, and automations while the platform builds the backend infrastructure. Sweep also maintains a record of the processes created and generates reports for all the elements in a funnel that can be used for business intelligence purposes.
 
 
 Additionally, the platform provides several pre-built workflow templates for users to streamline, document, and operationalize their Salesforce processes. These include templates for SaaS sales, lead management, and customer success.&nbsp;
 
 
 Key customers and partnerships
 
 
 As of November 2023, Sweep served several customers including Empathy.com, Passport, Pave, Sorbet, Eleos, and Demostack.&nbsp;
 
 
 Funding and financials
 
 
 In December 2022, Sweep 
 <a href="https://sp-edge.com/updates/15380?industryIds=14">
 raised USD 28 million
 </a>
 in equity financing from Bessemer Venture Partners and Insight Partners.
 
</div>

CrewAI provides an open-source platform that enables organizations to build, monitor, and iterate on AI agents. Users can create multi-agent systems, where each agent has a defined role, goal, and context, allowing them to collaborate on complex tasks using different execution processes, such as sequential, parallel, and hierarchical workflows. The platform supports various features, including role-based agent design, autonomous task delegation, customizable tools, and process-driven task execution. Moreover, CrewAI integrates with over 1,000 (as of October 2024) tools and services, including web search engines, language models, and data analysis tools, extending the capabilities of its agents.&nbsp;In October 2024, CrewAI launched its enterprise offering, CrewAI Enterprise, which provides additional features such as enhanced security, monitoring capabilities, and tools for assessing return on investment.Key customers and partnershipsAs of October 2024, CrewAI's offering served 150 beta enterprise customers across various industries, including logistics, finance, healthcare, and technology companies. Its clients include Oracle, Accenture, KPMG, PWC, and Deloitte.&nbsp;In October 2024, CrewAI collaborated with IBM to integrate its multi-agent capabilities with IBM's watsonx.ai platform and combine CrewAI's orchestration capabilities with watsonx.ai's AI modeling tools.

Now anyone can become a software developer.

No-code Software

<div>
 
 Wix operates a cloud-based website development and business application creation platform. The company has introduced a number of core products over the years, including Wix Editor, Wix ADI, Wix eCommerce, and Wix Code. Users can leverage the platform&rsquo;s drag-and-drop interface or choose from a range of 900+ website templates (as of February 2024) to build websites for a range of functions such as online stores, portfolios, blogs, service businesses, and events.&nbsp;
 
 
 Wix also offers a tool named &ldquo;Branded App&rdquo; that provides a no-code interface for business owners to build native mobile apps to complement their websites and domain names. The app set-up integrates tools and features from the Wix sites, and the activity data from both the app and site can be synced with the Wix dashboard.&nbsp;
 
 
 In September 2022, Wix.com launched Wix Portfolio, a solution that provides various customizable layouts for users to create online portfolios. The layouts are based on current visual trends and can be customized for different industries and professions to enable users to match their portfolio with the look of their brand. In February 2023, the company went on to 
 <a href="https://sp-edge.com/updates/16251">
 launch a search engine optimization (SEO) dashboard
 </a>
 , which includes SEO tools, educational materials, and an integration with Google Search Console.
 
 
 Moreover, 
 <a href="https://sp-edge.com/updates/20196">
 In July 2023,
 </a>
 Wix launched its &quot;AI Site Generator&rdquo; tool that enables users to describe and generate their desired website. The tool uses a combination of in-house AI and ChatGPT to create extensive websites that can include a homepage, inner pages, text, images, and even business-specific sections like events and bookings, depending on the user&rsquo;s requirement.
 
 
 The company has also made a number of acquisitions to expand its product portfolio and capabilities. In May 2021, Wix acquired Rise.ai, a gift card and customer re-engagement solution for online brands. Through the acquisition, merchants on the &ldquo;Wix eCommerce&rdquo; platform in all supported countries and currencies can embed Rise.ai&rsquo;s customer re-engagement offerings to their ecommerce stores. Furthermore, it acquired Modalyst, a marketplace and dropshipping platform in June 2021 to enable merchants to access a marketplace comprising suppliers, manufacturers, and wholesalers, which can be synced directly to their stores.&nbsp;
 
 
 Key customers and partnerships&nbsp;
 
 
 Wix reported 263 million registered users and 6.3 million premium subscriptions in December 2023. It also served large enterprise customers such as Etoro, NTT, Vevo, HelloFresh, Glassdoor, and Intuit.
 
 
 The company actively partners with companies to offer business solutions to its merchants in the form of integrations. These include partnerships with 1) 
 <a href="https://sp-edge.com/updates/9479?industryIds=14">
 DoorDash Drive
 </a>
 (March 2022) to provide Wix Restaurants users access to DoorDash's delivery fleet, 2) Meta (March 2023) to include new integrations to WhatsApp, Instagram, and Messenger, which enable users to connect business accounts and respond to messages directly from the Wix dashboard, 3) Square (April 2023) to enable restaurant owners to sync their &ldquo;Wix Restaurants&rdquo; site with their Square account and take online orders directly from the Wix platform, 4) 
 <a href="https://sp-edge.com/updates/21863">
 Stripe
 </a>
 (September 2023) to introduce Tap to Pay functionality on Android devices and allow US-based merchants to accept contactless payments using the Wix Owner App, and 5)&nbsp; 
 <a href="https://sp-edge.com/updates/29637">
 Global-e Online 
 </a>
 (May 2024) to offer its merchants access to Wix&rsquo;s suite of cross-border selling solutions.
 
 
 Funding and financials
 
 
 In 2023, the company generated USD 1.56 billion in revenue and recorded an operating loss of USD 24.4 million. Notably, the company generates a considerable share of revenue (44%) outside North America. 
 
</div>

<div>
 
 Shopify is a platform for users to create ecommerce websites. Merchants can use the software to design, set up, and manage their stores across multiple sales channels, including social media, marketplaces, brick-and-mortar locations, and pop-up shops. Shopify&rsquo;s platform offers a range of services including marketing, customer engagement, payments, and shipping tools. It also has an application programming interface (API) platform and app store, which allows developers to create applications for Shopify online stores.
 
 
 Shopify acquired Primer, an augmented reality (AR) technology provider, in June 2021. Primer&rsquo;s AR tech lets users view the potential impact of home improvements such as tiles, patterns, wallpaper, and paint on their mobile devices by mimicking the real lighting conditions, textures, and sheens. Through the acquisition, Shopify absorbed Primer&rsquo;s team of eight employees and intended to use Primer to complement its own AR integrations, such as allowing sellers to embed 3D models into their storefronts.&nbsp;
 
 
 In 2023, the company launched a suite of AI-enabled features integrated across the Shopify platform. It included a media editor, which enables users to edit images using word prompts, an AI-enabled commerce assistant that enables merchants to automate workflows, and a ChatGPT-powered shopping assistant that offers more relevant product recommendations. 
 <a href="https://sp-edge.com/updates/23618">
 During Q3 2023
 </a>
 , Shopify also introduced the &quot;Retail Plan,&quot; a specialized pricing package for in-person sales by brick-and-mortar businesses. Additionally, it introduced the &quot;POS Terminal&quot;&nbsp; for merchants to transform their mobile point-of-sale into a countertop payment device with Wi-Fi and Ethernet support.&nbsp;
 
 
 Key customers and partnerships
 
 
 As of March 2024, the company had a large customer base of &ldquo;millions&rdquo; of merchants across 175 countries. Although the company focuses on small businesses, large enterprises such as Tesla, Red Bull, and Nestle are also among its customers.
 
 
 In May 2021, Shopify announced that its platform would
 <a href="https://sp-edge.com/updates/1225">
 integrate with Google
 </a>
 to allow merchants on the platform to reach consumers through Google services, including Search, Maps, Images, Lens, and YouTube. This was an addition to Shopify&rsquo;s integrations with large global platforms, which already included Facebook and TikTok. In addition to this, the company had plans to pilot &ldquo;TikTok Shopping,&rdquo; TikTok&rsquo;s ecommerce service, among particular Shopify merchants across the US, the UK, and Canada.&nbsp;
 
 
 In October 2021, Shopify 
 <a href="https://sp-edge.com/updates/6204">
 partnered with Microsoft
 </a>
 to bring merchant listings to Microsoft Bing (search engine), Microsoft Edge (browser), and Microsoft Start (news service).
 
 
 In April 2022, Shopify
 <a href="https://sp-edge.com/updates/9693">
 partnered with Strike
 </a>
 , a digital payments platform, to offer an integration for merchants to receive bitcoin payments from global customers in USD. Shopify further expanded upon its crypto-related solutions for its merchants by 
 <a href="https://sp-edge.com/updates/10612">
 partnering with global cryptocurrency exchange platform Crypto.com
 </a>
 in May 2022 to enable Shopify merchants to integrate &ldquo;Crypto.com Pay&rdquo; on their online storefronts, and 
 <a href="https://sp-edge.com/updates/21276">
 integrating with Solana Pay
 </a>
 on August 2023,, to enable direct settlement with USDC, a cryptocurrency pegged to the US dollar, and offer fee-free transactions.
 
 
 <a href="https://sp-edge.com/updates/23618">
 Shopify expanded collaborations in Q3 2023
 </a>
 , extending ties with Flexport, incorporating the Buy with Prime app for US Amazon fulfillment network users into Shopify Checkout, enhancing B2B commerce with Faire, and establishing a global product development partnership with WPP.
 
 
 Funding and financials
 
 
 Shopify generated revenue of USD 7.1 billion and an operating loss of USD 1.4 billion in 2023 (ended December 31). Moreover, gross merchandise volume (GMV) rose 20.0% YoY and reached USD 235.9 billion in 2023. 
 
 
 
</div>

<div>
 
 Amaze (formerly known as Famous) offers a no-code content creation platform that enables merchants, designers, and business owners to create advertising pages, promotional pages, and slides to be used in their marketing campaigns, Instagram bio links, and social media posts. The platform offers Studio, its design suite, tools to manage&nbsp; performance, as well as a content management solution. Additionally, Amaze offers a free library of assets such as transitions, templates, and animations.&nbsp;
 
 
 In January 2022, the company launched a new product named &ldquo;Amaze Free,&rdquo; which allows users to use Amaze&rsquo;s tools directly in Shopify without the use of code. Amaze will be offered for free in the Shopify App Store, and will offer immersive designs, animations, and transitions, to enable merchants to build customized landing pages.&nbsp;
 
 
 In October 2022, Amaze 
 <a href="https://sp-edge.com/updates/14540">
 acquired Spring
 </a>
 , a social commerce platform, for an undisclosed amount. Amaze expects to leverage Spring&rsquo;s 5.5 million new creator stores and its leadership team&rsquo;s experience in social commerce, merchandising, and marketing. Moreover, the company integrated its product design, monetization features, and fulfillment solutions into its product offering. In July 2023, the company went on to expand its in-country fulfillment network&nbsp; to Australia to reduce delivery time and shipping costs.&nbsp;
 
 
 In June 2023, the company went on to acquire Outfts, a creator analytics platform, for an undisclosed amount. The acquisition enabled Amaze to provide users access to additional tools and services such as media kits, Link In Bio tools, and a number of brands' product catalogs.&nbsp;
 
 
 Key customers and partnerships
 
 
 Amaze partners with a range of companies to extend its tools and features to a broader audience and expand its product offerings. These include partnerships with 1) Shutterstock (September 2022) to provide users access to the Shutterstock&rsquo;s library of licensed images and videos, 2) TikTok (June 2023), to release an integration that enables users to curate, showcase, and sell their own products on the platform, 3) Kornit Digital (June 2023), an on-demand textile production company, to provide its production and fulfillment solutions to Amaze customers, and 4) Cameo (October 2023), a celebrity video sharing website, to offer its managed creator services to users of the platform.
 
 
 As of February 2024, the company served over 11 million users. 
 
 
 
</div>

<div>
 
 Smartsheet is a no code spreadsheet-centric SaaS platform offering collaborative work automation solutions to build cross-platform processes, and business-driven web and mobile apps using 3 main tools: 1) Control Center, a Smartsheet tool that automates project creation, aggregating portfolio reporting and managing change, 2) WorkApps, a tool that allows users to build apps using Smartsheet and third party content like Tableau dashboards or Google Docs, and 3) Bridge, a tool that enables users to connect data across systems and automates routine tasks.
 
 
 In the Q2 FY2024 (ended January 31), Smartsheet introduced new generative AI features to select a group of customers as part of a private beta release. These AI capabilities are designed to provide these customers with insights and assist them in creating complex solutions. Additionally, Smartsheet also improved its computational features and its cross-sheet cell linking capacity during this period. Notably, it increased the capacity from 30,000 to 500,000 cells per sheet.
 
 
 The platform is integrated with Microsoft, Atlassian, Salesforce, Dropbox, and Amazon Web Services (AWS).&nbsp;
 
 
 In September 2020, the company acquired digital asset management platform Brandfolder for USD 155 million to integrate its capabilities into the Smartsheet platform. In September 2022, the company went on to acquire Outfit, a brand management platform, for an undisclosed amount, to integrate Outfit&rsquo;s design automation and templating tools capabilities into Brandfolder.
 
 
 Key customers and partnerships
 
 
 As of February 2024, Smartsheet was serving &ldquo;millions&rdquo; of customers, including over 90% of the Fortune 500, with large enterprises such as Uber, Pfizer, P&amp;G, Lego, and Roche among its clients.&nbsp;
 
 
 Funding and financials
 
 
 In FY2024, the company reported USD 958.3 million in revenue (up 25% YoY). The company also estimated revenue to reach USD&nbsp; 1.1 billion (implying a 18% YoY growth) in FY2025. Notably, in February 2024, the company announced that it had reached USD 1 billion in annualized recurring revenue (ARR).
 
</div>

<div>
 
 Shogun offers a no-code platform (including tools and a drag-and-drop platform) to build ecommerce sites. The sites can be created on leading ecommerce backends, such as BigCommerce, Shopify, Magento, and Salesforce. It offers two main products, Pagebuilder (for bigger companies and agencies) and Frontend (for smaller businesses to improve page load times).&nbsp;
 
 
 Shogun&rsquo;s platform primarily attempts to improve conversion (number of browsers who become customers) and reduce development costs for its users. The company distinguishes itself from some competing website front-end platforms (such as Shopify&rsquo;s front end) by allowing users to create their own unique websites in addition to offering templates. Moreover, it allows users to make and publish changes to their custom-built sites.
 
 
 <a href="https://sp-edge.com/updates/21812">
 In September 2023
 </a>
 , Shogun launched two GenAI-based solutions; Shogun AI and Shogun Insights. Shogun AI provides a suite of AI-powered content creation tools that include AI Text, AI Designer, AI SEO, and AI Elements. These tools enable merchants to generate text, create content such as hero banners, value props, customer review blocks, and generate code for interactive store elements. The AI SEO tool can be used to auto-generate a store page's meta titles and descriptions for SEO-friendly content. Moreover,&nbsp; Shogun Insights provides users SEO insights necessary to produce high-converting store content.&nbsp;&nbsp;
 
 
 Key customers and partnerships
 
 
 February 2024, Shogun served more than 35,000 brands, including Leesa, MVMT, Brevit, Rumpl, K.Swiss, Nomad. Moreover, as of September 2023, the company served over 250,000 individual merchants.&nbsp;
 
 
 In September 2022, the company was named a BigCommerce Elite Technology Partner. This enabled Shogun to offer its no-code front-end solutions to BigCommerce merchants.
 
 
 Funding and financials&nbsp;
 
 
 Shogun raised USD 67.5 million in Series C funding in July 2021, led by Insight Partners, to accelerate the product development of its Shogun Frontend offering, scale its go-to-market efforts across sales and marketing, and expand its workforce.&nbsp;
 
 
 
</div>

<div>
 
 Bubble is a cloud-based, no-code development platform, which offers a click-and-drag interface, to build web applications for PC and mobile. The platform is based on a visual programming language designed for the MS Excel user.&nbsp; Users can extend any third-party app using custom code or choose from over 6,500 Bubble plugins and integrations (February 2024) and build their own web app using pre-built templates or the platform&rsquo;s visual interface. Moreover, the platform offers users the option of real-time, scalable hosting, or hosting on an isolated server in a regional AWS data center.
 
 
 <a href="https://sp-edge.com/updates/23118">
 In October 2023
 </a>
 , Bubble released &quot;Bubble AI,&quot; a GenAI-driven tool that enables developers to automatically generate dynamic web page layouts based on text prompts. These layouts can include elements such as dashboards, profile pages, galleries, and social feeds.&nbsp; Additionally, the company announced that it would be enabling users to create and launch native iOS and Android mobile apps using the Bubble platform.&nbsp;
 
 
 Key customers and partnerships
 
 
 In October 2023, the company served over 3.5 million creators, including professionals at Fortune 500s and companies like L'Oreal, HP, Lyft, HubSpot, VMWare, and Zendesk.
 
 
 
</div>

<div>
 
 Based in Denmark, Uizard develops a no-code platform that uses AI assisted design tools to create interactive prototypes for web and mobile apps. Users can develop prototype designs by photographing and uploading sketches drawn with pen and paper to the Uizard platform. 
 
 
 
 
 Uizard is fully browser based and utilizes drag-and-drop components and templates to design prototypes of mobile apps, web apps, websites, and desktop software. 
 
 
 
 
 Uizard launched out of beta in February 2021. As of August 2021, the platform had around 13,000 monthly active users, with more than 170,000 accounts created since launch. Its customers included large tech conglomerates including IBM, Google, Tesla, Apple, and Slack.
 
 
 
 
 The company raised USD 15 million in Series A funding led by Insight Partners, in August 2021, to invest in expanding its marketing and commercial teams, primarily in Europe.
 
</div>

Monolith AI is a British software company that offers a no code platform for users to use AI in product engineering. The platform enables product engineers to anticipate behavior of their new products as well as optimize and validate their designs. The company claims its platform reduces the number of required simulations by 90%, and the necessary testing and design iterations by 70%. Monolith was used by multiple large enterprises across the globe, including BMW, Siemens, Altair, L’Oreal, and Honda as of August 2021.In February 2021, the company announced its partnership with Siemens Digital Industries Software, to integrate simcenter data sources and simulation environments with Monolith AI’s platform.Monolith raised GBP 8.5 million (USD 11.7 million) in Series A funding in August 2021, led by Insight Partners, to invest in expanding its international client base and continuing the development of its 3D machine learning technology.

<div>
 
 Mutiny offers a no-code platform that connects to an enterprise&rsquo;s existing data and website and leverages AI to automate website personalization. The company&rsquo;s AI system provides guidance on underperforming customer segments by recommending areas for personalization and leveraging other users&rsquo; site data to showcase examples. Additionally, the platform can generate a copy of a website based on that information. The platform can also be integrated with popular marketing automation and CRM platforms including Hubspot, 6sense, Salesforce, and Marketo to ingest customer data and extend its capabilities.
 
 
 Users can then leverage the Mutiny&rsquo;s visual editor to make edits and personalize their websites content (such as banners, landing pages, surveys, and headlines) based on the insights received. Moreover, Mutiny uses machine learning to enable users to generate reportedly high converting headlines for their audiences.
 
 
 In October 2022, the company acquired Intellipse, an AI marketing platform, to leverage the company&rsquo;s AI expertise for conversion marketing, copywriting, language classification, predictive models, and GPT-3.&nbsp;
 
 
 Key customers and partnerships
 
 
 As of October 2022, Mutiny&rsquo;s customers included Dropbox, Snowflake, Qualtrics, and Carta. The company also claimed that over 100 million people across over 4 million companies have seen a website personalized by the platform&rsquo;s AI engine.&nbsp;
 
 
 Funding and financials
 
 
 In April 2022, Mutiny raised USD 50 million in Series B funding led by Tiger Global and Insight Partners at a valuation of USD 600 million. The funds were earmarked for investment in product development as well as for expanding its operations and business reach. The company planned to double the size of its 40-person team by 2023.
 
 
 
</div>

The tools that power remote work are define the next generation of enterprise software.

Remote Work Tools

Mural is a remote collaboration platform founded for workplace teams. The platform emphasizes visual collaboration for problem solving. Mural provides templates for brainstorming on project kick-offs, evaluation, and strategy. Mural integrates with popular third-party apps such as Microsoft Teams, Dropbox, OneDrive, Google apps, Slack, and others. It provides specialized services for its consultant network as a means of marketing its product.&nbsp;In March 2022, Mural acquired Luma Institute, a company that trains people to become cooperative problem solvers, to enhance collaboration and innovation design.&nbsp;Key customers and partnership&nbsp;According to the company, its client base includes 95% of the Global Fortune 100 companies as of June 2024 and includes big names such as IBM, Zapier, Intuit, GitHub, and Atlassian in its customer portfolio.&nbsp;In November 2023, Mural announced integration with Microsoft 365 Copilot to enable AI enhanced collaboration for enterprise teams.Funding and financialsIn <a href="https://sp-edge.com/updates/4353">July 2021</a>, Mural raised USD 50 million in a Series C funding round co-led by existing investors Insight Partners and Tiger Global. The fresh funds were allocated toward platform development, including pipeline integrations with Microsoft Teams, Zoom Video Communications Inc., Webex by Cisco, and Atlassian. Furthermore, hiring and expanding the go-to-market efforts were also financed using the raised funds.&nbsp;

<div>
 
 Originally started as a project management tool called dapulse in 2012, Monday.com (renamed in 2017), is an Israeli workplace collaboration platform that provides project management tools. It provides a flexible and visual interface for project management, task tracking, team collaboration, CRM, software development, and more.,&nbsp;
 
 
 Monday.com's core offering is its highly customizable platform where teams can build their own applications and workflows using a low-code/no-code approach. The platform integrates with over 50 popular work apps and offers powerful automation capabilities.
 
 
 In addition to general work management, monday.com provides dedicated solutions for several use cases such as, Project Management, CRM &amp; Sales, Marketing &amp; Creative Work, Software Development, and Remote Team Collaboration.
 
 
 In 
 <a href="https://sp-edge.com/updates/16781">
 March 2023
 </a>
 , Monday established a new regional headquarters in Sydney to further expand its presence in the Asia-Pacific region, having entered the region with a new office in Japan in&nbsp; 
 <a href="https://sp-edge.com/updates/13714">
 October 2022.
 </a>
 The company also set up headquarters in Europe in 
 <a href="https://ir.monday.com/news-and-events/news-releases/news-details/2022/monday.com-Expands-Into-New-London-Office-as-EMEA-Presence-Grows/default.aspx">
 April 2022.
 </a>
 
 
 Key customers and partnerships
 
 
 As of 2024, monday.com has over 225,000 customers across 200 countries, including brands like Coca-Cola, Universal Studios, Spotify and NASA.
 
 
 To increase its local base, Monday established partnerships with well-known Japanese firms such as Hitachi Solutions, NTT DATA Global Solutions Corporation, Gaprise, and TalentA Corp.&nbsp;
 
 
 Funding and financials
 
 
 In June 2021, monday.com raised USD 574 million through its Nasdaq IPO y and was valued at nearly USD 7.5 billion.
 
 
 The company&rsquo;s FY2023 revenue was USD 729.7 million, an increase of 41% year-over-year (YoY), and reported an operating loss of USD 38.6 million in FY2023 (vs. the loss of USD 152.0 million in the previous year).&nbsp; As of Q1 FY2024, the company guided FY2024 full-year revenue to USD 207 million&ndash;211 million. The FY2024 non-GAAP operating loss was guided to USD 58 million&ndash;64 million, with a negative margin of 6%&ndash;7%.
 
 
 &nbsp;
 
 
 
</div>

Templafy is a content enablement platform that automates document creation and management processes for organizations. Templafy's platform leverages content enablement technology to connect content to users where they already work, when it matters most. This enables employees to create compliant, on-brand, high-performing business documents faster.The platform offers various features such as automated document creation, dynamic template automation, Gen AI integration, custom integrations, content distribution, and email signature management.&nbsp;In May 2020, Templafy acquired Napp, a B2B sales enablement platform, to add collaboration and engagement tracking to its enterprise document creation infrastructure. In May 2019, The company acquired Netherlands-based iWRITER, a Microsoft Office solution for brand identity &amp; template management. In August 2018, Templafy acquired Berlin-based Veodin, making Veodin's 'SlideProof' add-in part of Templafy's enterprise communications platform.&nbsp;Key customers and partnershipsThe company has grown to support over 800 enterprise customers globally, including KPMG, IKEA, and BDO, with more than 3.8 million professionals using its platform.Funding and financialsIn <a href="https://sp-edge.com/updates/978">June 2021</a>, the company raised USD 60 million in its Series D funding round led by Blue Cloud Ventures with participation from Insight Partners, Seed Capital, and Dawn Capital. The funds were allocated to explore potential growth opportunities.&nbsp;The round follows the company’s USD 25 million Series C funding round in April 2020.&nbsp;

Spike is a software company that provides a unified workspace for communication, collaboration, and productivity. Its platform combines email, messaging, video conferencing, and note-taking functionalities into a single interface. Spike's key offering is a conversational email experience that enables users to interact with their emails in a chat-like format. The platform also includes features such as a shared inbox, collaborative notes and tasks, calendar synchronization, and file sharing.Spike offers a range of pricing plans tailored to different user segments, including individuals, small teams, and larger businesses. The plans vary in terms of storage capacity, custom email domains, advanced features like video call recording and single sign-on (SSO), and support levels. The platform incorporates AI-powered tools such as email composition assistance, note summarization, and an AI assistant for research, problem-solving, and content creation.&nbsp;Funding and financialsIn June 2020, The company raised USD 8 million in a Series A round led by Insight Partners. Wix, NFX and Koa Labs also participated in the round. The company used the funds to aggressively scale hiring and expand its team.In March 2019, Spike raised USD 5m in funding. Backers included Wix, Koa Labs, and NFX. The company allocated the funds to expand its reach in the small business market.

Smartsheet is a SaaS platform offering solutions for collaborative work automation, including task delegation, progress tracking, document sharing, and calendar management.&nbsp; The platform has integrated with Microsoft, Atlassian, Salesforce, Dropbox, and Amazon Web Services (AWS). The platform also offers no-code automation features that allows non-technical users to build workflows on the platform. The platform, offered in eight languages, has offices in Boston, London, Edinburgh, and Sydney.In&nbsp;<a href="https://sp-edge.com/updates/34580">October 2024</a>, Smartsheet launched new user experience and features to enhance usability and overall experience.In&nbsp;<a href="https://sp-edge.com/updates/33961">September 2024</a>, Vista Equity Partners and Blackstone offered to buy Smartsheet for USD 8.4 billion. Previously, in September 2022, Smartsheet acquired brand management, templating and creative automation platform; Outfit, complementing its previous acquisition of Brandfolder (September 2020), a digital asset management platform. Smartsheet’s other past acquisitions include 10,000ft (a project management tool), TernPro (the developer of Slope Software), and Converse.AI (a business automation bot developer).&nbsp;For FY2023, the company reported a total revenue of USD 766.9 million, a 39% increase year-over-year. Subscription revenue rose by 41% to USD 713.7 million, and professional services revenue increased by 22% to USD 53.2 million. The GAAP operating loss was USD 221.6 million, or 29% of total revenue, while the non-GAAP operating loss was USD 36.0 million, or 5% of total revenue. GAAP net loss was USD 215.6 million, with a net loss per share of USD 1.66. Non-GAAP net loss was USD 29.2 million, with a net loss per share of USD 0.22.&nbsp;The company guided FY2024 revenue to be between USD 943 to 948 million, implying a YoY growth of 23%–24%, and Non-GAAP net income per share of USD 0.31 to USD 0.38.Key Customers and partnershipsThe company mainly caters to enterprises and it is trusted by more than 90% of the fortune 100 companies.&nbsp;In&nbsp;<a href="https://sp-edge.com/updates/34581">October 2024,</a> Smartsheet partnered&nbsp; with AWS to launch connectors for Amazon Q Business.&nbsp;

Sedna is a data-driven communication platform that helps teams in the maritime industry streamline their workflow and make informed decisions faster. The company's flagship product, Stream, lightens the manual work of managing emails by extracting and consolidating relevant data from emails and other systems into a single customized view. This allows teams to analyze key information, compare fixture opportunities, and identify the best deals before the competition.In February 2024, Sedna launched Pulse, an AI-driven solution built on top of Stream specifically designed for chartering teams. Pulse sits on top of the email inbox, transforming data from emails and other sources into a structured, deduplicated table ready for analysis.&nbsp;Sedna has formed partnerships with companies like Lloyd's List Intelligence, Signal, SpotShip, and ZeroNorth to integrate their data and AI capabilities into Pulse, further enhancing its value proposition.&nbsp;Key customers and partnershipsSedna’s notable customers in the maritime industry include Oldendorff, Glencore, Norden, and Pacific Basin.The company has also established strategic partnerships with leading industry players to enhance its offerings. For instance, Sedna has integrated vessel tracking data from Lloyd's List Intelligence and voyage optimization algorithms from ZeroNorth into its Pulse platform.Additionally, Sedna has partnered with Chain.io, a cloud-based integration platform, to enable seamless embedding of CargoWise TMS data into its email collaboration tool, providing freight forwarders with improved visibility and streamlined communication.Funding and FinancialsIn July 2023, The company raised USD 42 million in additional investment from global software investor, Insight Partners, with participation from GK Goh Ventures. The investment was earmarked to expand its platform and develop new solutions to advance its vision of making trade go faster.In <a href="https://sp-edge.com/updates/4486">July 2021</a>, Sedna raised USD 34 million in a Series B funding round led by Insight Partners. The round included the participation of Stride.VC, Chalfen Ventures, and the SAP. The funds were used for the growth of its product, data science, and go-to-market functions. This funding follows its USD 10 million Series A round in December 2020.&nbsp;

CoLab Software (CoLab) is a Canadian collaborative platform that aims to automate engineering team workflows by providing real-time functionalities. The platform’s main capabilities include 1) allowing users to organize and share files, 2) providing an overall view of ongoing team projects, and 3) performing formal design reviews and informal peer checks in a collaborative environment. The platform currently serves multiple Fortune 500 companies including Hyundai Mobis, Schneider Electric, and Johnson Controls.Funding and financialsIn May 2024, CoLab Software raised USD 21 million in a Series B round led by Global software investor Insight Partners with participation from existing major investors, including Y Combinator, Killick Capital, and Pelorus VC. The funds were allocated to reach new customers and accelerate technology with emphasis on AI.&nbsp;

Dragonboat is a product portfolio management platform that aids product leaders and teams to strategize, prioritize, plan, and deliver products. It allows product teams to integrate OKRs with tasks, plan data-driven roadmaps, and automate reporting. The platform operates a subscription-based model with plans starting at USD 49 per user per month. Dragonboat has served over 1,000 teams in over 20 countries since its launch.In its most recent funding round in December 2021, Dragonboat raised USD 12 million in a Series A funding round led by Insight Partners, with participation from existing investors Act One Ventures, Roble Ventures, and GingerBread Capital. This followed its seed funding round in July 2021. The funds were raised to expand its team and for product development.

Distributed workforces require new solutions for office operations, HR, payment, and more.

Remote Work Infrastructure

Germany-based Staffbase offers a unified platform for employee communications and organizational content across departments. The platform integrates with Microsoft 365 and Slack and offers a GenAI-powered companion powered by ChatGPT 3.5 Turbo, allowing employees streamlined access to an organization’s knowledge base. Other notable features include building and measuring multi-step campaigns, integrations with SAP and Workday, employee engagement tools, and employee newsletter personalization based on milestones (onboarding, role changes, etc).The company has undertaken a series of M&amp;A activities to grow its intranet customer base including 1) 247GRAD Labs GmbH (June 2022), 2) Bananatag (March 2021), and 3) Valo Solutions (November 2021). Staffbase also acquired teambay to expand its employee engagement tools (October 2020).<a href="https://sp-edge.com/updates/32345">In May 2024</a>, staffbase launched Mission control, a navigation system which streamlined employee communication.The company generates revenue via annual subscriptions to its services, with prices based on the specific plan chosen and the number of employees licensed as users.Key customers and partnershipsAs of April 2024, the company’s platform was used by over 8 million individuals across ~2,000 enterprises worldwide. Notable clients included Samsung, Domino’s, Sephora, and DHL, among others.In&nbsp;<a href="https://sp-edge.com/updates/36040">November 2024</a>, Staffbase partnered with Microsoft to provide easier and cost-efficient access to Staffbase's communication tools for companies using Microsoft Azure services. Previously in September 2023 the company expanded its partnership with Modus to develop further workflows for Staffbase’s intranet platform.&nbsp;&nbsp;&nbsp;

Papaya Global is an automated platform for global payroll and workforce management. The platform offers end-to-end solutions that allow businesses to grow their teams globally by hiring from anywhere in the world as the employer of record (EoR). The platform simplifies the onboarding and management process with guidance in local compliance laws and allows cross-border payments with coverage in more than 160 countries, as of April 2024. Additionally the company offers global equity management (managing employee stock purchase plans, stock options, etc.) and contractor management.In <a href="https://sp-edge.com/updates/21897">September 2023</a>, the company launched ‘made to measure’, an AI-backed solution designed to help organizations navigate complex US payroll regulations. Other notable product updates included the launch of Papaya Global Payroll Payments (<a href="https://sp-edge.com/updates/16965">March 2023</a>), a first-of-its-kind, fully automated, embedded payments platform for global payroll and mass payments to employees and other beneficiaries, with payments arriving within 72 hours.Papaya Global has undertaken a series of acquisitons to expand its product offerings; Mensch (an Israeli human resource information platform) in July 2021, to complement its end-to-end offering and feature employee management; NickNack, a remote work connectivity platform, in <a href="https://sp-edge.com/updates/6767">November 2021</a> to enhance its technology solution to support clients onboard employees to remote teams with asynchronous activities by providing a platform to improve employee engagement and connectivity; Azimo, a UK-based online remittance service, in <a href="https://sp-edge.com/updates/9416">March 2022</a> to help Papaya Global expand its geographical footprint using Azimo’s payment licenses and network spanning 190+ countries.The company generates revenue through monthly subscriptions on a per employee basis, based on the product offered. As of April 2024, this included payroll (USD 15-25), EoR (USD 500), contractors (USD 30) and agent of record (USD 200). Additionally, the company generates revenue from cross-border payments (USD 2.5 per transaction).Key customers and partnershipsAs of April 2024, the company served over 2,000 enterprises, with 35% of its customer base being Global Fortune 500 firms. Notable enterprises using the platform included Toyota, Shopify, Canva and Wix.In September 2023, the company partnered with HiBob to connect its HR data to Papaya's payments and payroll platform, reducing administrative burden. Previously in <a href="https://sp-edge.com/updates/9612">April 2022</a>, the company launched a corporate payment and expense management solution for remote employees in partnership with Mesh Payments, a corporate payment and spend management solution provider.Funding and financialsIn <a href="https://sp-edge.com/updates/5441">September 2021</a>, Papaya Global raised USD 250 million in a Series D funding round co-led by Insight Partners and Tiger Global, valuing the company at USD 3.7 billion. Funds were earmarked to support the company’s continued growth and attract more Fortune 5000 clients.As of April 2024, the company had over USD 7 billion in total payroll under management. In March 2021, the company claimed that in the past three years it has experienced 300% revenue growth YoY.

Quantive (formerly Gtmhub and rebranded in December 2022) offers objective and key results (OKRs) software that assists in employee performance management. Specifically, the company’s core products include Quantive Results, Quantive Signals and Quantive Strategy.Quantive Strategy: offers AI-powered risk detection, contingency planning, summarization and decision management. In line with this, in February 2024 the company launched StrategyAI, claimed to be the world’s first AI-powered strategic intelligence platform.Quantive Results: offers AI-powered goal setting and OKR management, whiteboard collaboration, dynamic updates with integrations into platforms such as Slack, weekly team check-ins, among other features. Paid monthly plans for the product are offered at USD 9 per user.Quantive Signals: is a complementary platform that offers AI-powered tools to forecast OKR progress, engagement insights and risk levels linked to achieving certain strategic objectives.The company announced the acquisition of Cliff.ai (June 2022), a UK-based operational intelligence software that uses ML to help enterprise teams track and review KPIs. Using its integration with more than 100 third-party business applications, Cliff.ai monitors data to identify factors and root causes that affect KPI anomalies, while automatically notifying relevant team members. The company previously acquired Koan (February 2022), an OKR status and tracking platform, to complement its enterprise offering.Key customers and partnershipsAs of April 2024, the company served more than 500,000 users from over 2,000 businesses across 70 industries. Notable enterprises served included Adobe, T-Mobile, Mazda and Red Hat.Funding and financialsIn its latest funding round (December 2021), Quantive raised USD 120 million in Series C funding led by Index Ventures. The fresh funds were expected to be used to scale its operations, increase market penetration, and introduce new product features, including predictive and prescriptive capabilities.Quantive focuses on enterprise clients and reported that its annual contract value (ACV) and paying users grew 10x in 2020 with gross margins of 90%.

Jellyfish allows engineering managers to align engineering work with business objectives. By analyzing “engineering signals and business data” generated by developer tools, the platform offers insight into the tasks carried out, time spent, and operations. Jellyfish measures and analyzes companies’ spending on product innovation, technical debt, and metrics pulled from roadmap tools, calendars, HR systems, and other sources, to display the business impact of engineering investments, enabling teams to focus on high-value operations and products.&nbsp;In February 2024, the company launched JellyFish DevEx to uncover challenges in engineering team workflows. Previously in October 2022, the company launched JellyFish DevFinOps which builds upon Jellyfish’s data models to aid enterprises categorize and capitalize software development costs.The company claims that its users, on average, have focused 32% more on revenue-maximizing work and have reduced development cycle time by 21%. The company has integrated with developers and business tools, including GitHub, GitLab, Jira, Confluence, Bitbucket, Aha, and Google Sheets, to monitor activities and the time spent.&nbsp;&nbsp;Key customers and partnershipsSome of its customers include New Relic, SessionM (a Mastercard corporation), Medium, and Toast. The company reports that its platform benefitted from the Covid-19-led migration to remote work.&nbsp;Funding and financialsIn <a href="https://sp-edge.com/updates/8219">February 2022</a>, Jellyfish raised USD 71 million in a Series C funding round led by Accel, Insight Partners, and Tiger Global. The funds were earmarked to expand Jellyfish’s operations and reach. Further, the company’s revenue tripled in 2021, and its headcount increased to 150 from 20 employees two years ago.&nbsp;Forbes estimated that the company’s revenue was USD 13 million in 2022, and pinned it to be a future unicorn.&nbsp;Key competitors: None under coverage. (The company’s platform&nbsp; geared solely towards engineering teams).

Employment Hero offers human resource, Employer of Record (EoR), PEO, and benefits solutions for small and medium-sized businesses (SMBs). Other services offeerd include 1) SmartMatch, which utilizes AI to suggest suitable candidates for hiring purposes, 2) “Swag”, an employment app for individuals to manage savings, wages and benefits at work while also being able to generate resumes using AI and 3) an employee learning management system (LMS). The company claims a 2.9x return on investment for companies using Employment Hero and 81% improved payroll efficiency.The company previously introduced localized versions of the platform in these markets with pre-built employment contracts and policies. During the Covid-19 pandemic, the company introduced “Global Teams,” which served as a professional employer organization (PEO) for remote teams.In April 2024, the company acquired professional services firm Employment Innovations to accelerate the development of its fully automated payroll solution. Previously, in February 2022, the company acquired KeyPay, a cloud-based payroll and workforce management solutions provider, for an undisclosed amount. The acquisition also included Pensionsync, a UK-based subsidiary of KeyPay that connects any payroll software to any pension provider. KeyPay is expected to operate independently and contribute to Employment Hero’s growth in Australia, New Zealand, Singapore, Malaysia, and the UK.The company generates revenue via monthly subscriptions per employee, ranging from USD 8-12 and optional extras (employee assistance and HR advisory), priced at USD 6-15.Key customers and partnershipsAs of April 2024, the company served over 2 million users across 300,000+ enterprises. Notable brands included Tedaisy Insurance Group, BESA and PPS.Funding and financialsIn its most recent funding round (<a href="https://sp-edge.com/updates/23067">October 2023</a>), the company raised GBP 131 million (~USD 159 million) in a Series F growth funding round led by TCV. Fund were earmarked to 1) support its global expansion, particularly focused on strengthening its presence in the UK, 2) expanding local headcount to 180 team members by end 2024 and 3) to expedite the UK rollout of SmartMatch, its AI-driven recruitment solution.The company noted that it processes over USD 100 billion in payroll annually (April 2024), having had over 100% YoY growth since its inception in 2014. The company reached unicorn status in 2022, and invests USD 25 million into R&amp;D each year.

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 Leapsome combines features to facilitate feedback, performance reviews, objectives and key results (OKRs), employee surveys, and personalized learning programs, to drive employee engagement, performance, and development. The platform also integrates with communication tools such as Microsoft Team and Slack and HR Information Systems such as Workday and BambooHR.&nbsp;
 
 
 Leapsome includes complementary services offered by a dedicated customer success manager to provide expert advice, implementation support, and a database of training videos and articles for scaling businesses.&nbsp;
 
 
 Recent product launches include Compensation Benchmarks created in partnership with Mercer (February 2024) to help ensure fair salary scales for employees, and Leapsome for Startups (
 <a href="https://sp-edge.com/updates/20309">
 July 2023
 </a>
 ), a program tailored to early-stage companies. The initiative offers people enablement tools at a more affordable cost, providing startups with the resources they need to enhance their workforce management and development.
 
 
 The platform operates a subscription-based model, which allows users to pick and choose the modules they need, with prices starting from USD 6 per user per month.
 
 
 Key customers and partnerships
 
 
 As of April 2024, the company served over 1,600 enterprises, including leading brands such as Spotify, Unity, and Monday.com.
 
 
 In March 2024, the company partnered with 	Ethena to offer its compliance training modules for clients on its platform.
 
 
 Funding and financials
 
 
 In its latest funding round (
 <a href="https://sp-edge.com/updates/9382">
 March 2022
 </a>
 ), Leapsome raised USD 60 million in Series A funding led by Insight Partners.The fresh funds were earmarked to expand its operations in the US and introduce new products and features.
 
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Valence’s platform offers a GenAI-backed copilot (Nadia) for employee leadership coaching. The copilot is able to offer employees proactive emails and follow ups based on best coaching practices The company also provides managers tools to understand team sentiment and dynamics, track team performance and progress, share feedback, facilitate guided discussions, and formulate shared plans and commitments. Key customers and partnershipsThe company’s customer base includes notable Fortune 500 brands such as Coca-Cola, Boston Scientific, Illumina, and Applied Materials. Further, as of May 2024, the company noted that its AI-powered coach was used by ‘tens of thousands’ of employees.Funding and financialsValence raised USD 25 million in a Series A funding round led by Insight Partners, with participation from existing investors. The fresh funds were allocated to triple Valence’s headcount to 75 employees, build out its product team, and expand its geographic footprint (primarily in Europe).The company also announced a new board of advisors featuring a group of industry experts, including Bill McNabb (former chairman and CEO, Vanguard), Eric Roza (former CEO, CrossFit), and Katie Bullard (Managing Director, Insight Partners).

Using AI to automate, enhance and optimize marketing activities

Marketing Automation

Hootsuite is a Canadian-founded platform that allows marketers to manage social media campaigns across a range of popular channels including Facebook, Instagram, Linkedin, Youtube, and Twitter from a single dashboard. The platform provides automated campaign scheduling and boosting, a unified platform to respond to customer comments as well as analytics tools to monitor and evaluate the success of campaigns. Hootsuite also has a dedicated advertising solution for managing social media and search ad campaigns. In April 2023, the firm unveiled <a href="https://sp-edge.com/updates/17844">OwlyWriter AI,</a> an AI-powered content creation tool, to assist customers with their content creation needs.While Hootsuite was not the first firm to introduce social media management systems, it was an early mover in the space compared to other platforms like Buffer, Sprout Social and AgoraPulse. As a result, it has gained a significant lead in terms of customer base.Hootsuite has also had a string of acquisitions, including Spark Central, a customer inquiry management platform across social media channels, in January 2021. In August 2021, it also acquired Heyday AI, a customer conversational platform enhanced by conversational AI systems for retailers, purchased for CAD 60 million. In April 2024, the company acquired<a href="https://sp-edge.com/updates/28290"> Talkwalker,</a> a leading consumer intelligence platform, to drive revenue and business impact for brands.As at October 2021, the firm has achieved an annual recurring revenue (ARR) of more than USD 200 million and recorded a 20% YoY growth in 2021.Key customers and partnershipsHootsuite is one of the best-known names in social media management with a customer base of 200,000+ users (as of December 2023).In September 2021, joined the ranks of X's (formerly Twitter) official Partner Program, and in May 2022 it joined TikTok’s <a href="https://sp-edge.com/updates/10735">marketing partner program</a> in order to integrate its solutions with popular social media platforms.

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 iSpot.tv provides cross-platform TV measurement and attribution capabilities for optimizing ad campaigns. The firm offers a full spectrum of products for brands, TV networks, and ad agencies, including 1) a media measurement solution that persistently measures TV-device impressions across linear, time-shifted, video-on-demand (VOD), and streaming services; 2) a creative assessment tool that uses qualitative panel data to measure a brands perception for TV and video; and 3) TV attribution&mdash;a solution enabling advertisers and TV networks to plan, manage, and optimize ad campaigns. In January 2024, the firm 
 announced the development of a 
 <a href="https://sp-edge.com/updates/25519">
 streaming measurement technology
 </a>
 to enhance its Unified Measurement platform to help advertisers and publishers comprehensively track the reach of CTV advertising at scale.
 
 
 iSpot.tv has acquired several firms in the ad measurement space including 1) Tunity, an out-of-home (OOH) ad measurement firm (March 2022); 2) DRMetrix, an ad measurement solution specialized for DTC (October 2021); and 3) Ace Metrix, a video ad measurement platform (January 2021), to both widen and deepen its channel analytics.
 
 
 This and a large number of partnerships with data providers have enabled iSpot.tv to provide granular and real-time analytics that are unified across both linear and digital TV channels, giving it a competitive edge over its competitors.
 
 
 Key customers and partnerships
 
 
 iSpot.tv claims to have a market share of about 30% among the largest 1,300 advertisers and agencies in the US, and as of August 2022, the firm's solutions catered to more than 47,000 advertisers across 400 of the largest brands and media networks in the US, including Warner Brothers, Comcast, Verizon, Google, and Amazon.&nbsp;
 
 
 iSpot.tv has entered into a series of partnerships with data partners (Vizio, LG ad solutions), survey partners (Dynata, Upwave), identity partners (neustar, LiveRamp), and demand-side ad platforms (theTradeDesk, Verizon Media) to extend its ad measurement capabilities. In January 2022, NBCUniversal selected iSpot.tv as its preferred real-time measurement partner to complete a series of projects in collaboration with a range of brands for key sporting events including the 2022 Winter Olympics and the Super Bowl LVl.
 
 
 Funding and financials
 
 
 In April 2022, Goldman Sachs made a significant minority stake investment in the firm with an investment of USD 325 million. The investment will be used to scale the firm's engineering and product development teams, sales, and geographic expansion as well as to execute on complementary M&amp;A deals.
 
 
 The firm also reported that, as of April 2022, it generated more than USD 100 million in annual recurring revenues (ARR).&nbsp;
 
 
 
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Campaign Monitor is a platform for creating, monitoring, and automating email marketing campaigns. It also has features to automate email campaigns across the customer sales journey and can be integrated with leading content creation and ecommerce platforms such as Salesforce, WordPress, and Shopify.&nbsp;Its strength lies in its intuitive platform built on a drag-and-drop model, which does not require users to have any coding knowledge.&nbsp;It was reported that the firm has been profitable in every quarter since it was founded and has recorded double-digit sales growth over the past decade (2004–2014). It has also allowed the firm to self-fund its growth for a large part of its history. Since the Series A round, Campaign Monitor has gone on to acquire six firms, the most recent being the January 2019 acquisition of Liveclicker, an email personalization service.Key customers and partnerships&nbsp;As of August 2024, Campaign Monitor had more than 250,000 customers on paid plans in 170 countries.

6sense is an account-based marketing (ABM) platform specializing in B2B marketing that gathers predictive buying patterns using AI, big data, and machine learning tools. The platform can uncover insights on consumer behavior to create personalized ad campaigns across multiple channels including websites, email, social media, and chatbots. In June 2023, the firm introduced <a href="https://sp-edge.com/updates/19218">AI Writer,</a> a new feature within 6sense Conversational Email that adds GPT-4 generative AI model capabilities aimed at improving the effectiveness of email outreach and marketing.&nbsp;6sense has made a number of acquisitions including Saleswhale, a lead generation and email automation company (January 2022); Fortella, an AI-based B2B revenue intelligence platform (August 2021); and Slintel, a B2B technographic data (technology-related insights) provider for marketing lead generation and predicting buyer intent (August 2021). With the acquisition of Slintel, 6sense claimed to provide the most comprehensive B2B ABM platform in the market, providing marketing and sales teams with a more comprehensive picture of buyer insights. In June 2022, 6sense added marketing consultancy services with the <a href="https://sp-edge.com/updates/11044">acquisition of Granite Media</a>. In October 2023, the firm introduced content creation tools including a conversational email solution which it enhanced with <a href="https://sp-edge.com/updates/19218">generative AI features </a>in June 2023.&nbsp;6sense’s comprehensive platform gives it an edge over its peers which is reflected in its customers’ performance; they have, on average, experienced a 2x increase in deal values and a 10% increase in win rates. In 1H FY2023, 6Sense reported a <a href="https://sp-edge.com/updates/13068">doubling of its revenue</a> and more than 150% growth in customer base &amp; workforce. According to a Forrester study in 2022, users of 6Sense revenue AI achieved an ROI of 454% over three years.&nbsp;&nbsp;Key customers and partnershipsBy October 2021, the firm’s customers included Dell, Cumulus, Udemy, and Thomson Reuters.The firm has entered into a number of partnerships including with <a href="https://sp-edge.com/updates/12678">On24</a> (a Webinar and event management platform), and <a href="https://sp-edge.com/updates/15298">Integrate</a> (a Demand acceleration platform) to extend its B2B data access and analytics capabilities.

An alumnus of Y Combinator, Mutiny provides a no-code website personalization platform. The firm provides solutions for B2B account-based marketing (ABM) and content marketing teams by serving website visitors with customized versions of the webpage to improve user experience and increase customer conversions. The firm leverages an AI system known as GPT-3, which learns from 150 million data points of anonymized proprietary customer data as well a company’s online data, to provide insights on different customer segments. It also uses machine learning to write “human-sounding” customized headlines. The firm's platform can also be integrated with popular marketing automation and CRM platforms including Hubspot, 6sense, Salesforce, and Marketo to ingest customer data and extend its capabilities. The firm claims that it has served ~50 million customers across more than three million company websites.The firm is one of the few to specialize in website personalization. It claims that compared to alternatives such as landing page optimization tools and A/B testing tools, its integration with existing audience data sources allows it to create personalized elements of a webpage catering to different segments. The firm claims that on average, Mutiny’s platform can identify 73% of website visitors through various data sources and drives 108% conversion lift.The Co-founder of Mutiny Nikhil Mathew also helped launch LiveGit, an online tool for real-time music collaboration.Key customers and partnershipsAs of April 2022, Mutiny was used by 7,500+ content marketers from firms including Carta, Twillo, Brex, ClickUp, and Amplitude.

Canada-based Jasper is an AI-powered platform for marketing teams that can generate text and image content for blog posts, articles, social media, emails, and marketing copy, so content output can be scaled. Jasper can be operated via a conversational interface called “Jasper Chat,” simplifying interactions with the AI. As of May 2024, Jasper could generate content in over 30 languages. As of October 2022, the company was valued at USD 1.5 billion and reported over 100% YoY ARR growth in 2022.Jasper produces content using natural language and follow-up prompts to modify content, including expanding specific sections, rewriting in different styles, summarizing, and generating counterarguments. Jasper’s AI can be trained on a specific writing style, tone, and content to generate content fitting within a brand’s themes. Common use cases for Jasper include:1) Social media: Generating captions for social media posts, scripts for videos, and articles for blogs. Content can be generated directly on social media using Jasper’s Google Chrome browser extension.2) Advertising: Providing advertising ideas, insights into consumer wants, and common pain points3) Articles: Long-form text content on any topic. It also offers built-in plagiarism detection and search engine optimization with Jasper’s SEO partner, “Surfer.”4) Emails: Generating email subject lines and personalized messages, including images5) Websites: Creating headlines, product descriptions, FAQs, and optimization for search engines. The Chrome extension allows content creation directly within website platforms.6) Art: Generating high-quality images for advertising, blog posts, or websites from simple language descriptions.The platform can also draw on recent Google data for up-to-date content and news. Grammar, spell checking, and plagiarism detection, combined with SEO optimization and ranking tools, are integrated to enhance outputs and reduce effort and time spent.Jasper introduced a marketing campaign creation platform in June 2023, which can transform a brief campaign description into a comprehensive compilation of content and assets that align with the specified campaign concept. In November 2023, the company launched the <a href="https://sp-edge.com/updates/24518">Solutions Partner Program</a> designed to incorporate AI functionalities into marketing agency approaches.The company claims to achieve an 80% time reduction on first drafts, a 10x increase in output, and 400% ROI.Jasper acquired AI grammar and style checker Outwrite in December 2022. It also acquired AI image creation and editing platform <a href="https://sp-edge.com/updates/26898">Clipdrop</a> from Stability AI in February 2024 to expand marketing capabilities.Key customers and partnershipsJasper reported over 100,000 paying customers in August 2023, including enterprise clients Zoom, HelloFresh, Docusign, WalkMe, Zendesk, Intel, SentinelOne, Outdoorsy, Sports Illustrated, Canva, Strata, Robin Hood, and IBM.

BrightEdge is an enterprise-level search engine optimization (SEO) platform that offers a variety of tools to carry out key SEO and content marketing functions including SEO audits, keyword research, competitor intelligence, customer intent signaling, and reporting on website traffic performance. A key feature of BrightEdge’s solution is its ability to connect search signals from multiple channels including web, social media, and mobile within a single platform.In August 2021, the firm launched “SearchIQ”, which the firm claims is an industry first that utilizes deep learning and machine learning to analyze search signals and keyword rankings, providing firms with actionable insights that are expected to simplify and speed up marketing and product development efforts.&nbsp;In February 2022, the firm <a href="https://sp-edge.com/updates/8676">acquired OnCrawl</a>, a technical SEO that crawls and audits websites to provides insights and predictions. In May 2022, BrightEdge claimed that together with OnCrawl it has created the industries first intelligent system for SEO, providing industry-specific insights across retail, banking, insurance, and real estate industries.Key customers and partnershipsBy August 2023, the firm had <a href="https://sp-edge.com/updates/21408">2,000+ customers</a> including 57 of the Fortune 100 companies including Loreal, Microsoft, and Marriott.

Artificial intelligence is helping sales teams manage relationships and optimize the customer lifecycle.

Sales Engagement Platforms

Salesloft is an AI-powered revenue orchestration platform designed to improve sales performance and pipeline management. Its technology focuses on guiding go-to-market teams with data-driven insights to optimize customer interactions and engagement. The company offers a suite of products and capabilities, including Cadence for pipeline building, Conversations for insights and coaching, Deals for pipeline management and forecasting, Forecast for predicting sales outcomes, <a href="https://sp-edge.com/updates/12862">Rhythm</a> for task prioritization, and Drift for early engagement with in-market buyers.In February 2022, the company announced the launch of its four-tier <a href="https://sp-edge.com/updates/8630">Technology Partner Program </a>to provide growth opportunities for its partner ecosystem. Additionally, Salesloft also announced the launch of its Market Development Fund, which aims to support the funding of partner programs and pipeline development and create awareness among the Salesloft ecosystem.&nbsp;Salesloft claims to help sales teams generate 322% more pipeline, advance and close deals 75% faster, and win 28% more deals using conversation intelligence.Salesloft has been active in the M&amp;A space. In July 2021, the company acquired InStereo, a sales strategy consulting firm. The acquisition of InStereo established Salesloft's focus on buyer engagement in sales and marketing campaigns. InStereo initially partnered with Salesloft in 2018 and had completed more than 150 client engagements for companies such as 3M (American multinational conglomerate), Cargill (global food company), and Pegasystems (American software company). In February 2024, the company <a href="https://sp-edge.com/updates/27169">acquired Drift,</a> a conversational B2B marketing platform, to improve its customer journey orchestration tools for B2B sales teams. Key customers and partnershipsAs of August 2024, the platform served more than 5,000 customers, including Google, 3M, IBM, LinkedIn, Cisco, and Dell.In August 2022, the firm <a href="https://sp-edge.com/updates/12545">partnered with Highspot, </a>a sales coaching platform, to further streamline the client engagement process for sales teams.&nbsp;

Showpad, a Belgium-based sales enablement platform, provides solutions for forecasting, coaching, conversational intelligence, buyer engagement, and content management. For large and complex products, it also contains augmented reality (AR) features that let sales teams communicate with prospects using 3D models. The platform launched Showpad Video in August 2021 to give users access to a video chat capability for more personalized client engagement. In November 2022, it <a href="https://sp-edge.com/updates/14749">added a number of new products, </a>such as Showpad's Enablement Operating System, App Studio, and Partner Ecosystem, to its lineup of sales enablement solutions. In April 2023, the firm <a href="https://sp-edge.com/updates/18100">launched automated question-based analytics and insights dashboards </a>that provide customers with answers to key sales enablement questions and actionable insights based on relevant context.&nbsp;The company claims to increase sales productivity by 10%; increase marketing productivity by 25%; and improve sales onboarding times by 25%.In order to further expand its sales enablement capabilities in 2018, Showpad purchased two technology firms. It bought the sales training platform LearnCore for USD 50 million and the meeting intelligence platform Voicefox for an undisclosed sum.Key customers and partnerships&nbsp;As of September 2021, the company had more than 1,200 customers globally including Johnson &amp; Johnson, GE Healthcare, Bridgestone, Honeywell, and Merck.

6sense is a B2B revenue technology company that specializes in AI-powered sales intelligence. Its technology, called Revenue AI, leverages advanced AI and machine learning to predict which accounts are <a href="https://sp-edge.com/updates/17465">"in market"</a> for a company's products by analyzing buyer intent data, account intelligence, and predictive analytics. The platform provides a comprehensive suite of solutions that includes account and contact intelligence, prioritization dashboards, <a href="https://sp-edge.com/updates/19832">AI Writer,</a> buyer intent data, and predictive analytics, all integrated within CRM and sales engagement tools.In March 2024, the company reported that it had surpassed the USD 200 million in annual recurring revenue (ARR).6sense has bolstered its in-house capabilities through the acquisition of ZenIQ (an account-based sales and marketing orchestration platform acquired in April 2018) and <a href="https://sp-edge.com/updates/5235">Fortella</a> (an AI-based B2B revenue intelligence platform acquired in August 2021). In October 2021, the company acquired Slintel, a B2B technographic data solution provider, to provide sales representatives with technology-related insights. In January 2022, 6sense acquired the lead generation and email automation platform Saleswhale.Key customers and partnershipsIn May 2022, the company <a href="https://sp-edge.com/updates/10113">partnered with Conversica, </a>a conversational intelligence platform, allowing Conversica AI assistants to gather real-time account insights (based on industry, client characteristics, and buyer stage), powered by 6sense’s proprietary technology, thereby empowering the sales, marketing, and customer success teams to deliver personalized client engagement. In June 2024, the company <a href="https://sp-edge.com/updates/30877">partnered</a> with <a href="https://sp-edge.com/companies/400474">Gong</a> to connect Gong Engage, an AI-powered sales engagement solution, to increase workflow efficiency by providing sellers with advanced predictive analytics and buyer intelligence.

SetSail is a sales intelligence platform that combines behavioral science and sales data to provide AI-powered insights for sales teams. The proprietary platform integrates with CRM, email, calendar, and data warehouse systems, and it uses machine learning (ML) to identify and extract buying signals and productive patterns needed to close a deal. The software then converts these signals into recommendations for sales representatives, rewarding them with progress-based incentives and establishing sales coaching strategies. As of January 2021, it had served more than 5,000 users across 20+ companies, including Cisco, Dropbox, and HubSpot.&nbsp;In April 2023, the firm <a href="https://sp-edge.com/updates/18100">developed a data infrastructure </a>that enables salespeople to be paid based on their position in the sales process and has introduced new capabilities for users to ask the system questions in natural language and receive SQL query-based answers. In May 2023, the firm <a href="https://sp-edge.com/updates/18990">launched the "Targets" dashboard, </a>a reporting functionality in its sales data platform that enables sales leaders to monitor the performance of sales representatives based on key metrics that impact business.&nbsp;The platform claimed to increase revenue by 16%, increase ramp-up time by 33%, and increase sales program ROI by 15x.In June 2024, SetSail was acquired by<a href="https://sp-edge.com/companies/1523"> ZoomInfo,</a> a B2B market intelligence database for sales, marketing, operations, and recruitment.

Netherlands-based Trengo is an after-sales service provider that streamlines customer requests across messaging channels (email, chatbots, social media messaging) into a shared team inbox. It also facilitates lead generation through its live chat powered by Trengo Flowbot and through its integration with CRM platforms such as Pipedrive, Hubspot, and Salesforce. The platform features team chat, a mobile application, customer satisfaction surveys, and a help center. As of August 2024, the platform had 19 integrations, which included ecommerce platforms WooCommerce and Shopify.&nbsp;The platform’s edge is its “Flowbot,” which differentiates itself from a chatbot by engaging with customers based on 1) forwarding the client to the relevant team or 2) providing more information to the customer based on multiple-choice questions. Additionally, it allows Trengo users to build a personalized chatbot with a standard set of answers for FAQs.The company claims to have achieved a 50% reduction in response time, a 40% increase in customer retention, and a 70% increase in repeat business.&nbsp; &nbsp;Key customers and partnershipsThe platform caters to a range of industries, including ecommerce, automotive, municipalities and education, transport and logistics, HR and recruitment, and IT and telecom. As of August 2024, Trengo served 20,000 users across 3,000+ companies in 60 countries. Its customers included Oppo, PPG, Global Indian International School, Pixum, and Cold Jet.&nbsp;

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 Founded in 2021, Winn.AI, an Israel-based sales workflow automation solution provider,  offers a real-time AI-powered assistant that provides a suite of sales automation tools to support buyer/seller engagement via Zoom, Google Meet, and Microsoft Teams. The platform features playbook tracking, data capture, and automated CRM updates. It is also integrated with customer relationship management platforms HubSpot and Salesforce. 
 
 
 The platform’s edge over its peers is that it is training its proprietary AI algorithm using real-life sales meetings, which is believed to increase its accuracy compared to standard training resources. Additionally, the company stated that when users increase platform usage in sales meetings, it will improve its AI capabilities in matching the needs of the customer. 
 
 
 Funding and financials 
 
 
 In September 2022, the company 
 <a href="https://sp-edge.com/updates/13066">
 raised USD 17 million in a seed funding
 </a>
 round led by Insight Partners and S-Capital. It planned to use the funds to develop, promote, and launch the product out of beta in early 2023, add real-time sales insights to its proprietary solution, and double its headcount to 50 the following year. 
 
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Remote learning is driving an education technology revolution.

EdTech: K-12

Instructure’s portfolio of offerings complements Canvas: MasteryConnect is the company’s student assessment platform acquired in 2019, while MasterView Assessments, a tool that allows teachers to evaluate and close students’ learning gaps due to the Covid-19 pandemic was launched in April 2021. In October 2020, it launched the Canvas Certified Educator program for K-12 and higher education. The company introduced "Impact by Instructure" in July 2021, following the acquisition of Amsterdam-based EesySoft, a technology adoption vendor that assists teachers and students with using EdTech products including Canvas. It also launched the Edtech Collective, a community of companies and educators where members gain access to new capabilities and perks. Later, in November 2021, Instructure offered “Elevate Data Sync,” which allows the secure syncing of data between applications and student information systems (SIS), through the acquisition of Kimono, a cloud-based data integration platform. In December 2022, the firm&nbsp;<a href="https://sp-edge.com/updates/15446">acquired LearnPlatform,&nbsp;</a>a developer of a SaaS EdTech effectiveness system for educators and administrators to help them organize, streamline, and analyze EdTech tools. In November 2023, Instructure&nbsp;<a href="https://sp-edge.com/updates/24593">acquired Parchment,&nbsp;</a>a leader in digital education records, to provide a verifiable, comprehensive digital passport for learners. In<a href="https://sp-edge.com/updates/32231"> July 2024</a>, Instructure acquired Scribbles, a company specializing in credentialing and records management for K-12 school districts in the US, to expand its credentialing network.&nbsp;In February 2021, the company sold Bridge, its corporate LMS for mid-enterprise organizations launched in 2015, to UK-based Learning Technologies Group, and exited the corporate learning market to refocus on the K-12 and higher ed markets.Key customers and partnerships&nbsp; In&nbsp;<a href="https://sp-edge.com/updates/35492">October 2024</a>, Instructure partnered with Microsoft to integrate Microsoft Reflect into its Canvas LMS, enhancing mental wellness support for students and educators in K-12 and higher education.&nbsp;

Founded in 2012, Nearpod is a dynamic media and assessment platform that allows educators to build interactive multimedia presentations or select from a library of more than 8,500 interactive lessons and videos. Educators can also access a range of virtual reality programs, quizzes, and student insight tools.In 2019, the company acquired Flocabulary, a platform promoting literacy through K-12 curriculum-based hip hop-themed videos, activities, and creativity tools. After reaching a user base of around 7 million K-12 students, Nearpod expanded into the higher education space in October 2019 with the launch of “Nearpod for Higher Education”. The platform allows faculty and instructors to create and upload lessons, presentations, assessments, polls, and quizzes—all of which can then be accessed by students on their own devices.In February 2021, Nearpod was <a href="https://sp-edge.com/updates/1956">acquired by Renaissance, </a>a Software-as-a-Service (SaaS) and learning analytics company that develops cloud-based, pre-K-12 educational software and adaptive assessments, for ~USD 650 million. The Nearpod brand will be retained and managed by Nearpod CEO, Pep Carrera. The acquisition expands Renaissance’s portfolio to include a lesson delivery and teacher engagement tool.Key customers and partnershipsIn January 2021, Next Gen Personal Finance (NGPF), a provider of K-12 financial education, partnered with Nearpod to provide 1,500 personal finance teachers and more than 1.5 million students access to the platform. NGPF also converted two of its personal finance courses into Nearpod lessons. As of February 2021, the Nearpod and Flocabulary brands have reached educators in the 100 largest US school districts.Funding and financialsNearpod’s most recent funding round was a USD 21 million Series B in 2017 that went towards further expansion.

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 Formerly named ClassEDU, Class Technologies is the creator of Class, a suite of tools for teachers that allows them to create a more engaging learning experience on Zoom and make the virtual classroom feel more like a real classroom. The company’s co-founder and CEO is Michael Chasen, former co-founder and CEO of Blackboard. 
 
 
 Class software features include instruction tools and management tools. Instruction tools include the ability to launch live assignments, quizzes, and tests for completion in real-time and polls. The product also allows teachers and students to talk privately without leaving the Zoom call. Management tools include attendance trackers, the ability to monitor how long students speak, how engaged they are, and the ability to integrate learning management systems with Zoom. Teachers are also able to determine whether students have other browser windows open besides Zoom during a test.
 
 
 Class was launched for Apple’s MacOS desktop operating system in September 2020 and was made available for Chromebooks, iPhone, Android, and Windows devices in June 2021. The product will be marketed to schools at an annual subscription ranging from USD 10,000-USD 65,000, based on the number of students per class. As of April 2021, Class had more than 125 paying customers, of which 10% were corporations, and the remainder split evenly between K-12 and higher education institutions. More than 7,500 K-12 and higher education institutions and corporations have expressed interest in the product since its launch, which is being used in the US and more than 20 countries globally as of July 2021.
 
 
 In May 2022, the company 
 <a href="https://sp-edge.com/updates/10594">
 acquired Collaborate,
 </a>
 Blackboard’s virtual class tool, for USD 210 million, to strengthen its suite of products.
 
 
 Key customers and partnerships
 
 
 In June 2022, the company partnered with Open LMS, an e-learning solution provider, to further promote hybrid learning.
 
 
 Funding and financials
 
 
 In July 2021, the company raised 
 <a href="https://sp-edge.com/updates/4563">
 USD 105 million in Series B
 </a>
 funding to be allocated for domestic growth and expansion into new global markets.
 
</div>

<div>
 
 CentralReach is a practice management and electric health record (EHR) solution for therapists and educators. The platform features clinical-based tools, managed billing services, learning management, assessments, precision teaching, scheduling, analytics and reporting. As of September 2022, it served 130,000 users across 2,800 organisations. 
 
 
 In June 2022, the firm acquired LiftEd, a platform for special education professionals, providing tools to serve students with learning disabilities or differences such as instructional planning, data tracking, and parent-teacher communication. It also provides a central location for data collection that is accessible by teachers, assistants, and specialists.
 
 
 <a href="https://sp-edge.com/updates/27155">
 In February 2024,
 </a>
 CentralReach acquired Silas, a company specializing in social and emotional learning (SEL) solutions for PreK-12 education, to expand CentralReach's offerings and integrate Silas' CASEL-aligned programs and assessment tools into its platform.
 
 
 
</div>

<div>
 
 Founded in 2017, Community Brands provides software and payment solutions to associations, nonprofits, K-12 schools, and faith-based groups. The company’s K-12 Solutions business serves more than 5,000 private schools and provides enrollment management, student billing and tuition management, student information management, background checks, and screening solutions. Throughout 2017-2019, the company made several acquisitions; among the most notable was that of London-based Groupcall, a provider of communications and data analytics solutions for schools, trusts, local authorities, and education software developers in September 2018.
 
 
 In March 2021, the company integrated two of its brands, TADS and School and Student Services (SSS), into a single software platform. The new, integrated TADS Financial Aid portal is built on Salesforce. The integration provides families with a single unified application for private or independent K-12 education. Schools, however, can choose either the TADS approach or the SSS methodology to assess the family’s need, in line with the school’s philosophy and mission.
 
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Membership-based, non-insurance healthcare companies helping maintain a steady state of well being.

Preventive Healthcare

Hinge Health is a digital musculoskeletal (MSK) care company that provides a holistic platform to manage chronic pain and musculoskeletal conditions. Its technology combines teleconsultations with physical therapists, mobile app-based exercise therapy programs, and educational resources tailored to each patient's needs. The company was the first to launch a Digital MSK Clinic that combines guided one-on-one therapy with wearable motion sensors to provide real-time feedback and allow users to track their progress.&nbsp;Hinge’s product offering covers the full spectrum of MSK care, from prevention to post-surgical recovery, with access to virtual and <a href="https://sp-edge.com/updates/15611">house-call</a> physical therapists and health coaches. The company includes solutions for women’s pelvic health as well. In September 2024, the company introduced Enso 3, an FDA-cleared wireless device that leverages electrical nerve stimulation to provide non-invasive, non-addictive pain relief within minutesIn September 2021, the company acquired Canada-based computer vision platform, Wrnch to offer personalized MSK care offering by motion tracking.&nbsp;Key customers and partnershipsAs of May 2024, its services were available to 18 million covered lives via its partnerships with over 1,700 employers and over 45 insurance providers.In <a href="https://www.hingehealth.com/resources/press-releases/hinge-health-creates-strategic-solutions-alliance/">May 2024</a>, the company launched a Strategic Solutions Alliance to expand MSK care. Initial partners of the alliance include<a href="https://sp-edge.com/updates/22550">Teladoc Health</a>, Springbuk, Quantum Health, Personify Health, Lyra, Included Health, Children’s Hospital Association, Employer Direct Healthcare, Accolade, Alight, apree health, and Carrum Health.&nbsp;&nbsp;Further, in <a href="https://sp-edge.com/updates/30546">June 2024</a>, the company partnered with Upswing Health, a virtual orthopedic care company, to provide an integrated care experience for clients using both services. In <a href="https://sp-edge.com/updates/33024">August 2024</a>, the company partnered with Midi Health to provide its members access to menopause care in Midi Health's virtual care clinic.

Eden Health is a value-based care provider that offers in-person and virtual primary care, behavioral healthcare, and insurance navigation services via its mobile app. Patients can contact their care team through the platform 24/7 and meet with the same care team if an in-person visit is required.The company’s B2B model targets small and medium-sized employers and commercial real estate businesses. The company has physical clinics in New York and New Jersey, with virtual care available to members across the US. The company also introduced a Covid-19 response service that supports daily screening, at-home and onsite testing, and ongoing care for employees that test positive.Since its launch in 2017, the company has contracted over 160 employers (as of May 2024) and has more than 40,000 covered members.In <a href="https://sp-edge.com/updates/29595">May 2024</a>, Centivo, a health plan administrator, acquired Eden Health to scale up its healthcare plans centered around primary care.Key customers and partnerships<a href="https://sp-edge.com/updates/17854">In April 2023,</a> the company partnered with Hint Health, a startup offering support services to direct primary care providers, to expand the Hint Connect footprint across all 50 states in the US.Funding and financialsIn February 2021, the New York-based business completed a Series C funding round that brought its cumulative funding to USD 100 million in less than two years.

Clarify Health is an enterprise analytics and population health management platform for healthcare providers, health plans, and life science companies. Its Atlas platform supports value-based care delivery and payments by assessing the performance of hospitals and clinicians, matching patients with appropriate interventions and care management programs, and linking performance to financial investments. The company had mapped more than 300 million patient journeys and 18 billion AI-powered predictions as of May 2024. In 2021, it doubled its revenue and forged partnerships with 75 healthcare organizations.&nbsp;Clarify Health claims to generate insights 30x faster than traditional methods by leveraging the proprietary automation process it uses for machine learning models and performance benchmarking. Its platform also incorporates grouper technology, a patented case-mix adjustment methodology, and factors in social determinants of health to generate actionable insights. The company made two strategic acquisitions to expand its value-based payments platform. It acquired Embedded Healthcare and Apervita’s Value Optimization business in March 2021 and August 2021 respectively.&nbsp;Funding and financialsIn April 2022, the firm completed a USD 150 million Series D funding led by SoftBank Vision Fund 2, which tripled its valuation to USD 1.4 billion from March 2021 when it concluded its Series C round. The funds were allocated for growing its operation both organically and through acquisitions. In the long term, the company is planning to go public through an initial public offering.

Viz.ai offers an AI-powered integrated care coordination platform called Viz.ai One and develops diagnostic tools to support the early detection of deteriorating patient conditions by cross-referencing a patient’s CT images with its database of scans. The software then alerts healthcare providers and helps triage patients to specialists via its mobile app. The app also allows healthcare providers to view high-quality scans from any location.The Viz.ai One suite includes 1) Viz Vascular, tools for vascular medicine, 2) Viz Neuro, tools for suspected neuro diseases, 3) Viz Cardio, tools for cardiovascular needs, 4) Viz Trauma, 5) Viz Radiology, for radiologists, and 6) Viz Connect, a communication and workflow tool. In&nbsp;<a href="https://sp-edge.com/updates/35070">October 2024</a>, it launched a software incorporating natural language processing alongside imaging AI to enhance patient screening and follow-up for lung diseases.In 2021, Centers for Medicare &amp; Medicaid Service granted Viz.ai with the New Technology Add-On Payment, an industry first for AI technology in healthcare. This gives hospitals a maximum of USD 1,040 in additional payments per diagnosis for using its AI-enabled stroke intervention. The company has been rapidly expanding its offering, including the launch of a life science platform to perform clinical trials and support a go-to-market strategy.&nbsp;Key customers and partnershipsAs of May 2024, the company has partnered with 1,600 hospitals across the US, Europe, Middle-East and Africa for its AI driven platform.&nbsp;Further in November 2022, the company partnered with Singaporean-based software development company Us2.ai to offer echocardiogram analysis in the Viz Platform. In May 2024, Viz.ai announced the collaboration with the University of Texas Medical Branch (UTMB) to incorporate their Viz Subdural software into a study. Additionally, the company partnered with Cleerly in <a href="https://sp-edge.com/updates/33270">September 2024</a> to integrate Cleerly's AI software for coronary computed tomography angiography analysis into Viz.ai's One platform.

Idoven, based in Spain, offers an AI-powered diagnostic tool to help healthcare providers identify early signs of cardiovascular diseases. The firm’s proprietary deep learning platform uses algorithms to analyze a patient’s electrocardiogram (ECG) for arrhythmias and cardiac abnormalities. It also supports patient identification and risk stratification as well as drug safety monitoring. The company’s unique offering is that the technology is device-agnostic, and can be used with any clinical hardware including hospital machines. It partners with medical device manufacturers and pharmaceutical companies.Idoven’s algorithm analyses patterns in ECG data and claims to detect 86 different heart diseases with 90% accuracy, similar to a trained cardiologist. Its AI models were trained on 1.2 million ECG hours and 10,000 patients.Funding and Financials<a href="https://sp-edge.com/updates/21565">In September 2023 </a>, the company raised an undisclosed amount of funding in a round led by Northzone and Insight Partners to launch new tech solutions, diagnosing cardiovascular diseases and to expand geographically.

Powering digital transformation for businesses

Low-code Platforms

Y42 is a developer of the Modern DataOps Cloud, offering a fully managed environment for running production-ready data pipelines. The company's platform runs on top of Snowflake and Google BigQuery, providing organizations with tools to make their data stack easily accessible while offering collaboration and data governance services. Y42's solution integrates best-of-breed open-source data tools such as Airbyte for integrations and dbt Core for transformations, removing the operational burden of setup and maintenance. The platform allows users to access the data stack via a web application, command line interface, or APIs.
The company's product addresses core data management challenges, including accessibility, governance, and collaboration. Y42's Modern DataOps Cloud features advanced capabilities such as version control on data tables, data contracts, and collaboration features integrated into every step of the pipeline. The platform offers increased accessibility to data through a fully managed stack, better governance and control within organizations, and improved collaboration between teams using software engineering best practices like Git-based version control.
Key customers and partnerships
Y42 has been adopted by hundreds of customers globally, ranging from rapidly growing startups to modern enterprises. Some notable customers include PetLab, the University of Cambridge, and Entrepreneur First. The company serves its clients from headquarters in Berlin, Germany, with additional offices in New York City, US, Tirana, Albania, and Ho-Chi-Minh City, Vietnam.

Genesis Global offers a low-code application development platform specifically designed for financial markets organizations. Founded in 2012, the company's platform enables financial institutions to accelerate software innovation and overcome technology challenges. Genesis' solution allows firms to automate spreadsheet processes, enhance existing systems, replace legacy technology, and build new applications. The platform is built with flexibility and performance at its core, providing developers with frameworks, integrations, and components to create high-performance, resilient, and secure applications. Genesis estimates that its platform reduces coding time and effort by 80%, allowing clients to bring products to market five times faster. The company's technology is used by leading financial institutions for various purposes, including developing new software applications, enhancing legacy systems, and replacing manual processes with enterprise-quality solutions. In March 2023, Genesis was recognized with a TabbFORUM NOVA Award for its innovative contributions to financial services technology.
Key customers and partnerships
Genesis Global has formed strategic partnerships with several companies in the financial services sector. In November 2022, the company announced collaborations with Chenoa Information Systems, Flylance, Future Workforce, Luxoft, Velocity Investment Solutions, and Wissen Technology. These partnerships aim to develop and deploy new applications throughout the financial industry, leveraging the partners' expertise in areas such as process automation, digital transformation, AI, Big Data, and legacy system upgrades. Genesis has also worked with major financial institutions to deliver trading platforms, as evidenced by its projects for Octaura and Neptune Networks. The company's platform has gained traction among banks, asset managers, and other financial firms seeking to compete for market share, reduce legacy system costs, and comply with changing regulations.

Builder.ai is an AI-powered software development platform that enables businesses and individuals to create custom web and mobile applications without requiring technical knowledge. Founded in 2016 and headquartered in London, the company utilizes a modular approach to app development, breaking down software into reusable components that can be assembled like Lego blocks. Builder.ai's platform combines AI automation with a network of human designers and developers to deliver applications up to six times faster and 70% cheaper than traditional development methods. The company offers several products, including Builder Studio for custom app development, Builder Now for rapid prototyping, and Studio Store for pre-packaged ecommerce solutions. In 2022, Builder.ai reported a 300% increase in revenue and deployed over 40,000 features to customers. The platform's AI assistant, Natasha, acts as a virtual product manager to help guide users through the app development process. In May 2023, Microsoft announced plans to integrate Natasha into its Teams software as part of a strategic collaboration.
Key customers and partnerships
Builder.ai has formed partnerships with several major technology and financial enterprises. The company has collaborated with JP Morgan & Chase and Etisalat UAE. In 2022, Builder.ai partnered with Microsoft for a global go-to-market strategy and inclusion in their reseller program. The platform caters to businesses of various sizes, from entrepreneurs and small businesses looking to establish an online presence to large enterprises seeking custom software solutions.

Dataiku is a collaborative data science platform that enables organizations to build, deploy, and manage AI and analytics projects. Founded in Paris in 2013 and now headquartered in New York, Dataiku provides a centralized environment for data professionals, including data scientists, engineers, analysts, and business users, to work together on the entire lifecycle of data and AI initiatives. The platform, known as Dataiku Data Science Studio (DSS), offers a wide range of capabilities including data preparation, machine learning, visualization, and MLOps.
Dataiku DSS supports integration with various data sources and cloud platforms, including AWS, Azure, Google Cloud, and Snowflake. It provides visual interfaces for data preparation and model building, as well as coding environments for more advanced users. The platform includes features for automated machine learning (AutoML), deep learning, and natural language processing. Dataiku emphasizes collaboration and governance, offering project management tools, version control, and centralized data catalogs to ensure proper oversight and compliance.
As of 2023, Dataiku reported having over 45,000 active users and more than 450 clients worldwide. The company's platform is used across various industries for applications such as customer segmentation, fraud detection, predictive maintenance, and marketing optimization. Dataiku has positioned itself as a solution for organizations looking to democratize data science and AI capabilities across their workforce, enabling both technical and non-technical users to contribute to data-driven projects.
Key customers and partnerships
Dataiku's customer base spans a range of industries and includes notable companies such as Accor, BNP Paribas, Engie, LVMH group, Morgan Stanley, UBS, and Walmart. In the financial sector, FINRA has utilized Dataiku to enable self-service analytics and improve their reaction to market events. BP has reported automating competitor insights processes with Dataiku, resulting in a 25% reduction in aggregate effort per week for 40 different users.
The company has established partnerships with major technology providers. Dataiku integrates with cloud platforms like AWS, Azure, and Google Cloud, allowing customers to leverage their existing cloud investments. A notable partnership exists with Teradata, enabling collaborative development of advanced analytic solutions within Teradata's analytic ecosystem. This partnership aims to help organizations build a data-driven culture and perform data science at scale.

Appsmith is an open-source low-code application development platform that enables developers to build custom internal tools and applications quickly. Founded in 2019, the platform allows developers to create user interfaces using pre-built components, connect to various data sources and APIs, and customize functionality using JavaScript. Appsmith's core offerings include a drag-and-drop interface builder, pre-built UI widgets, database and API connectors, and the ability to write custom logic in JavaScript. The platform supports building applications like admin panels, dashboards, and CRUD (create, read, update, delete) interfaces.
As of February 2024, Appsmith's open-source software has been downloaded over 10 million times and is used by more than 10,000 organizations globally. The platform aims to reduce development time for internal applications by up to 90% compared to building from scratch. Appsmith offers both a free open-source Community Edition under the Apache 2.0 license as well as Commercial and Enterprise editions with additional features. The company has focused on developer-friendly features like Git integration for version control, an integrated JavaScript IDE, and the ability to import external JavaScript libraries.

AI-based solutions to level the playing field against email threats

Next-gen Email Security

Mimecast is a cybersecurity company that provides a comprehensive cloud-based email security platform. Their solution employs multiple layers of protection to safeguard organizations against various threats, including phishing, malware, ransomware, and targeted attacks. Mimecast's platform utilizes advanced technologies such as URL safeguarding, impersonation detection, and fortification against internal email threats to defend against sophisticated cyber-attacks.
The platform operates on a cloud-native architecture, offering a scalable and reliable multi-tenant infrastructure backed by a 100% availability SLA. It provides continuous monitoring and automated threat remediation, enabling administrators to promptly address and mitigate potential risks. Mimecast's solution seamlessly integrates with Microsoft 365, enhancing the security posture of the widely adopted productivity suite.
In addition to robust email security, Mimecast offers a range of complementary services, including email archiving, continuity, and data recovery capabilities. Their archiving solution ensures data immutability for up to 99 years, facilitating compliance and e-discovery requirements. Furthermore, Mimecast provides uninterrupted access to live and historical email, even during outages, ensuring business continuity.
Mimecast's platform is designed to be user-friendly, with a centralized web-based administration console and self-service features for end-users. The solution leverages Mimecast's global visibility and rapid threat detection capabilities, benefiting from a community defense approach.

<div>
 
 Darktrace is a global cybersecurity company that uses artificial intelligence (AI) to detect and respond to cyber threats in real-time. Founded in 2013 in Cambridge, UK, Darktrace has developed an AI-powered &quot;Enterprise Immune System&quot; that learns the normal behavior patterns within an organization's digital systems and identifies anomalies that may indicate cyber attacks or vulnerabilities.
 
 
 
 
 Darktrace's core product offerings include Darktrace PREVENT, DETECT, RESPOND, and HEAL. The PREVENT module proactively identifies risks and vulnerabilities. DETECT uses machine learning to spot threats in real-time across networks, cloud environments, IoT devices, and email systems. RESPOND provides autonomous response capabilities to contain active threats within seconds. The HEAL module, slated for release in 2023, aims to restore systems to pre-attack states.
 
 
 
 
 The company's technology can monitor up to 1 million devices and is compatible with major cloud providers like AWS, Google Cloud, and Microsoft Azure. Darktrace claims its AI can reduce threat investigation time by 92% compared to manual methods. The platform provides visualization tools like the Threat Visualizer to help analysts investigate anomalies.
 
 
 
 
 In April 2021, Darktrace went public on the London Stock Exchange at a USD 2.37 billion valuation. The company reported having over 9,400 customers across more than 100 countries. The company's AI cybersecurity solutions are used by organizations of all sizes across various industries.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 
 Darktrace's client base includes notable companies like Allianz, Airbus, and the city of Las Vegas. In June 2024, Darktrace won Microsoft UK's Partner of the Year Award, highlighting the growing collaboration between the two companies. Darktrace's AI tools are now fully compatible with Microsoft Copilot for Security, allowing customers to analyze Darktrace's security data using natural language processing. This integration aims to speed up threat response and investigations for joint customers.
 
</div>

Valimail is a leading provider of email authentication and security solutions designed to combat phishing, brand abuse, and compliance violations. Their flagship offering, Valimail Enforce, is a cloud-native platform that automates the implementation of the Domain-based Message Authentication, Reporting, and Conformance (DMARC) standard. This service streamlines the process of identifying authorized email senders, configuring DKIM and SPF records, and enforcing DMARC policies.
Valimail's technology employs Precision Sender Intelligence to provide comprehensive visibility into all services sending emails under an organization's domain. This allows administrators to quickly identify and block any unauthorized or fraudulent senders, ensuring only legitimate communications are delivered. Valimail Enforce stands out for its ability to override the 10-domain lookup limit imposed by many email providers, thereby keeping an organization's information private from competitors and bad actors.
Valimail's extensive database, comprising over 70 million pre-decoded IP addresses and email service providers, enables accurate sender identification and robust email authentication. Additionally, the company's solutions adhere to the highest federal, state, and local standards for email security and compliance.
In September 2021, Valimail acquired FedRAMP certification, becoming the only DMARC solution to achieve this distinction, solidifying its position as a trusted partner for government agencies and organizations handling sensitive data.
Key customers and partnerships
Valimail's email authentication solutions are trusted by a diverse range of customers, including global enterprises such as Uber, Splunk, Yelp, Fannie Mae, Mercedes Benz US, and the US Federal Aviation Administration. The company has established a strong partnership with Microsoft, serving as the premier DMARC partner for Microsoft 365 environments.
In 2015, Valimail co-founded the AuthIndicators Working Group, which developed the Brand Indicators for Message Identification (BIMI) standard. This framework enables inboxes to display sender-designated logos, enhancing the email experience's security and trustworthiness. Major email providers like Yahoo, Apple, and Google have since adopted BIMI.
Valimail maintains leadership positions on key industry standards bodies, driving the development of email authentication policies and shaping the future of cybersecurity advancements.

INKY is a cloud-based email security platform that utilizes artificial intelligence, machine learning, and computer vision techniques to detect and block zero-day phishing emails and malware. The company's patented technology incorporates sophisticated algorithms to effectively sanitize emails, rewrite malicious links, mitigate sender impersonation, and identify signs of forgery. INKY's solution acts as an additional layer of defense before emails reach the user's inbox, blocking thousands of malicious phishing attempts that incumbent email protection systems fail to catch.
A notable aspect of INKY's approach is its use of interactive banners added to each email, providing users with color-coded warnings, recommendations, and policy guidance. These banners enable users to report suspected phishing attempts with a single click, even from mobile devices. INKY's platform adapts in real-time to evolving threats and offers capabilities such as outbound email scanning for sensitive data, encryption, and sender behavior modeling to detect potential account compromises.
In June 2020, INKY raised USD 20 million in a Series B funding round led by Insight Partners, bringing the total investment in the company to USD 31.6 million at the time. This funding enabled INKY to accelerate its global expansion efforts and further develop its innovation roadmap. The company experienced rapid adoption among large enterprises and witnessed a significant increase in phishing attacks during the Covid-19 pandemic.
Key customers and partnerships
INKY has established partnerships with IT and cybersecurity companies such as Agio, a managed service provider (MSP) headquartered in New York. Agio offers INKY's solution to its customers, citing the informative banners and ease of client onboarding as notable benefits. INKY has also gained traction with notable enterprise customers, including two insurance companies that closed deals with the company in late 2020.

Abnormal Security is a cloud-based email security platform that leverages AI and behavioral data science to detect and block sophisticated email attacks that evade traditional email gateways. The company's core offering is an inbound email security solution that protects against business email compromise, phishing, malware, ransomware, social engineering, and other advanced threats.
Abnormal's platform establishes a baseline of normal behavior for each employee, vendor, and application within an organization's email environment. By understanding "known good" activity patterns, the AI can precisely identify anomalies and remediate malicious emails in real-time before they reach inboxes. This behavioral analysis approach provides more effective threat detection compared to traditional email security focused on indicators of compromise.
The platform integrates directly with cloud email providers like Microsoft 365 and Google Workspace via an API, enabling rapid deployment without the need for a secure email gateway. Beyond inbound email protection, Abnormal also offers account takeover protection and SOC automation capabilities.
Abnormal expanded its platform in April 2023 to provide security monitoring and threat detection for collaboration apps like Slack, Microsoft Teams and Zoom. By ingesting identity signals from these additional data sources, the AI models can better understand cross-channel behavior and identify lateral movement by attackers across an enterprise's cloud environment.
Key customers and partnerships
Abnormal Security works with organizations across industries including government, finance, energy, manufacturing, technology, and consulting. Notable customers include PagerDuty, UserTesting, and Vungle, amongst others.
In January 2022, Abnormal announced a partnership with Microsoft to enhance native protection capabilities within Microsoft Defender for Office 365.

Educational technology plays a pivotal role in driving and enabling the revolution in post-secondary learning

Higher EdTech

<div>
 
 Chegg is an American education technology company founded in 2005 and headquartered in Santa Clara, California. The company offers a range of digital and physical services to support students in their academic journey. Chegg's primary offerings include digital and physical textbook rentals, online homework help, tutoring, and other student services. As of 2024, Chegg has over 2.9 million subscribers and has expanded its reach beyond the US to provide digital education services globally.
 
 
 
 
 Chegg's core product is its online learning platform, which offers 24/7 homework help across a wide range of subjects. Students can access expert Q&amp;A, where they can upload photos or screenshots of their questions and receive answers from Chegg Experts within hours. The company offers two main subscription plans: Chegg Study at USD 14.95 per month, which includes homework help, and Chegg Study Pack at USD 19.95 per month, which adds features like quiz and exam help, math assistance, plagiarism detection, and writing support.
 
 
 
 
 In addition to its homework help services, Chegg provides textbook solutions, practice tests, and writing tools. The company's Math Solver offers step-by-step solutions to math problems, while Chegg Writing includes grammar and plagiarism checks, citation assistance, and feedback on sentence structure and clarity. Chegg discontinued its live tutoring service in 2022 but continues to focus on providing comprehensive academic support through its various digital tools and resources.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 
 Chegg's primary customer base consists of students at various educational levels, from middle school to college. The company has expanded its reach to serve students globally, attracting millions of subscribers to its platform. In May 2022, Chegg launched the Center for Digital Learning, which aims to support educators and drive excellence across online, in-person, and hybrid learning modalities. As part of this initiative, Chegg partnered with veteran journalist and higher education policy expert Ben Wildavsky to create a podcast series called Higher Ed Spotlight, featuring conversations with academic leaders and innovators shaping the future of learning.
 
 
 
 
 Chegg has also established an Academic Advisory Board, comprising senior academic leaders, to provide critical perspectives on how universities and Chegg can collaborate to serve today's students. In May 2022, the board welcomed its first student advisor, Ranen Miao, a student leader at Washington University, further enhancing its commitment to understanding and addressing student needs.
 
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<div>
 
 Udemy is one of the largest online learning platforms globally, offering over 210,000 courses to more than 67 million learners worldwide. Founded in 2010, Udemy operates as a marketplace that connects independent instructors with students seeking to learn new skills or enhance existing ones.
 
 
 
 
 The platform covers a wide range of categories including business, technology, personal development, design, marketing, and more. Courses on Udemy are self-paced, allowing learners to start and complete them at their own convenience. Content is primarily delivered through on-demand video lectures, though some courses also include quizzes, assignments, and downloadable resources.
 
 
 
 
 Udemy uses a pricing model where individual courses can be purchased for a one-time fee, typically ranging from USD 11.99 to USD 199.99, though frequent sales and discounts bring many course prices down significantly. The platform also offers a subscription option called Udemy Personal Plan, which provides access to over 11,000 top-rated courses for USD 20 per month.
 
 
 
 
 One of Udemy's key features is its accessibility - courses are available in over 65 languages, and the platform can be accessed via web browsers as well as mobile apps for iOS and Android devices. Upon completing a paid course, learners receive a certificate of completion, though these are not accredited or officially recognized by external institutions.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 
 Udemy caters to both individual learners and businesses. Through its Udemy for Business program, the company offers tailored learning solutions for organizations of various sizes. These business offerings provide access to curated course libraries and additional features like analytics, custom branding, and learning path creation.
 
 
 
 
 Udemy has also partnered with various organizations to expand its reach. For instance, the platform collaborates with the Linux Foundation to offer courses in cloud computing and related technologies. Additionally, Udemy works with numerous instructors who are subject matter experts in their fields, allowing them to create and publish courses on the platform.
 
 
 
 
 As of 2023, Udemy reported having over 67 million learners and more than 75,000 instructors on its platform. The company continues to grow its user base and course offerings, solidifying its position as a major player in the online education market.
 
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Instructure is a leading educational technology company best known for its flagship product Canvas, a popular learning management system (LMS) used by millions of students and educators worldwide. Founded in 2008 by Brian Whitmer and Devlin Daley, Instructure has grown rapidly to become a major player in the edtech industry. The company's core mission is to elevate student success, amplify the power of teaching, and inspire collaborative learning.
Canvas LMS forms the foundation of Instructure's broader learning platform, which includes a suite of integrated tools for assessment, video learning, analytics, and digital credentials. As of 2020, Canvas had over 30 million K-12 and university users globally. The platform is known for its user-friendly interface and cloud-based architecture, which set it apart from competitors when it was first introduced. Instructure has expanded its product offerings through both internal development and strategic acquisitions, including MasteryConnect for assessment, Portfolium for e-portfolios, and Badgr for digital credentials.
Instructure has experienced strong financial growth, with revenue reaching USD 464.9 million to USD 468.9 million in 2022. The company went public in 2015, was briefly taken private in 2020 after being acquired by Thoma Bravo for USD 2 billion, and then returned to the public markets in 2021. Instructure's growth strategy focuses on expanding internationally, enhancing its product ecosystem, and leveraging data and analytics to improve learning outcomes.
Key customers and partnerships
Instructure's Canvas LMS has been adopted by many leading educational institutions globally. In the Philippines, four of the country's top-rated universities - Ateneo de Manila University, De La Salle University, University of the Philippines, and University of Santo Tomas - use Canvas as their preferred learning platform. In the US, all of the top 10 ranked universities, including Duke University, have implemented Canvas LMS.
The company has also made inroads in the K-12 sector. Notable implementations include Poway Unified School District in California, which uses Canvas to streamline content delivery and communication with students and families. Southern University and A&M College System, the only historically black university system in the US, selected Canvas to support its four campuses and over 11,000 students. Instructure has established partnerships with various educational organizations and technology providers to enhance its offerings. For example, the company expanded its partnership with Tech Data to serve the Indian market, aiming to provide high levels of support to Instructure partners in the region.

Holberton School is a software engineering institution that offers an innovative approach to training aspiring software developers. Founded in Silicon Valley in 2016, Holberton provides a project-based and peer learning curriculum focused on hands-on experience rather than traditional lectures. The school's 20-month program covers foundations of computer science and software engineering in the first nine months, followed by specialization in areas like machine learning, full-stack development, or augmented/virtual reality. Holberton's curriculum emphasizes practical skills in coding, software design, critical thinking, and problem-solving to prepare students for careers as software engineers. The school does not require prior coding experience for admission. In January 2024, the Holberton campus in Tulsa, Oklahoma rebranded as Atlas School to operate independently and better serve local employer needs. Holberton has expanded to multiple locations across the US and internationally.
Key customers and partnerships
Holberton School has partnerships with major technology companies to support student career development. Graduates have found employment at firms including Google, Tesla, Apple, Facebook, LinkedIn, and IBM. The school works with local organizations in its campus locations to create opportunities for students and serve community needs. For example, in Tulsa, Holberton (now Atlas School) partners with groups like Atento Capital and Tulsa Innovation Labs to connect graduates with job opportunities in the growing local tech sector. The George Kaiser Family Foundation was also a key partner in establishing the Tulsa campus in 2020.

Class is a virtual classroom software developed by Class Technologies Inc., a company founded by education software pioneer Michael Chasen. Built on top of Zoom and Microsoft Teams platforms, Class adds teaching and learning tools that enable instructors to perform many activities typically done in a physical classroom. The software is designed to increase student engagement and facilitate active learning in online and hybrid educational settings for K-12, higher education, and corporate training.
Class offers features like enhanced breakout rooms, instructional whiteboards, polling, quizzes, and the ability to launch assignments during live sessions. It also provides engagement analytics and a centralized environment for managing instruction. The software aims to create an active, collaborative virtual learning experience by maintaining learner focus through its unique layout, which keeps the instructor visible at all times. Class collects feedback on student participation and allows instructors to see non-verbal cues and track student attention.
In July 2023, Class Technologies announced Class 2.0, introducing a simplified user interface, new collaborative features for real-time document editing, enhanced Learning Management System (LMS) integrations, and improved stability. The company also plans to introduce an AI Teaching Assistant powered by ChatGPT later in the year to improve learning engagement and outcomes.
Key customers and partnerships
Class serves over 10 million users from more than 1,500 educational institutions, corporations, and government agencies worldwide as of April 2024. The company has partnered with Microsoft to launch Class for Microsoft Teams, integrating with Microsoft 365. Class has also collaborated with Blackboard, incorporating key features from Blackboard Collaborate to facilitate customer transition to its platform.

Empowering efficiency, visibility and collaboration throughout supply networks

Supply Chain Tech

Prevalent is a cybersecurity company that offers solutions for third-party vendor risk management. The company’s Third-Party Risk Management (TPRM) platform combines automated, standardized risk assessment with risk monitoring, assessment workflow, and remediation management to offer a comprehensive set of features for third-party risk management. This enables its users to manage risks associated with sourcing and selection, intake and onboarding, inherent risk scoring, SLA and performance management, and offboarding and termination.The platform is complemented by vendor intelligence networks to provide access to complete standardized risk reports on thousands of companies. In addition, the company also offers software solutions to assess, monitor, analyze, and track supplier contracts, and assess financial, reputational, ESG, performance, and compliance risks of third parties.The company's solutions are widely used in many industries including finance, healthcare, insurance, legal, manufacturing, pharma and life sciences, and retail. As of October 2023, the company reported that it delivered historical and real-time insights into both cyber and business risks from over 500,000 sources and that the networks provided on-demand risk intelligence for over 10,000 vendors.At the end of 2023, the company reported that it increased annual recurring revenue by 25% (YoY), achieved 31% growth (YoY) in existing customer expansion business, and grew channel-sourced new business by 107% (YoY).Key customers and partnershipsAs of October 2023, the companies using the platform included Pfhizer, Lbrands, Allianz, Lowe's, Hanes, and Tesco.In September 2024, Prevalent <a href="https://sp-edge.com/updates/33334">partnered</a> with Indigocube Security, a South African cybersecurity consultancy, to enhance third-party risk management solutions in South Africa. The partnership aimed to deliver an AI-driven third-party risk management solution tailored for the South African market. In August 2024, Prevalent <a href="https://sp-edge.com/updates/32818">partnered</a> with TBDCyber, a cybersecurity management consulting firm, to offer comprehensive third-party risk management (TPRM) programs. The partnership combines Prevalent's TPRM platform with TBDCyber's consulting expertise to help clients develop, implement, and mature their TPRM programs. The collaboration aims to streamline compliance, enhance risk visibility, and improve organizational resilience against third-party threats. In the same month, the company <a href="https://sp-edge.com/updates/32559">partnered</a> with 360factors, an integrated risk and compliance software provider. This collaboration is expected to help financial organizations scale their Third-Party Risk Management programs quickly and effectively, addressing critical needs in today's banking and financial services landscape.

Project44 is a technology company that specializes in supply chain visibility and logistics connectivity solutions. The company’s platform “Movement” connects shippers, carriers, and logistics service providers to provide real-time visibility of the location and status of shipments. It also offers insights and connectivity across borders, helping businesses manage complex, multi-country logistics. This enables businesses to track and manage the movement of goods and shipments from the point of origin to the final destination.Since its inception, the company has expanded globally by acquiring visibility providers such as GateHouse Logistics, Ocean Insights, ClearMetal, and Convey. It has also built a carrier network with over 238,000 carriers, as of October 2023. In May 2023, the company reported that its platform tracked more than 1 billion unique shipments annually for over 1,300 brands, which included companies from industries such as manufacturing, automotive, retail, life sciences, and chemical and gas.In April 2023, Project44 launched “Movement GPT,” a generative AI assistant for supply chain. This feature allows users to interact within the Movement platform in natural language to track shipments and identify supply chain risks.In August 2024, project44 <a href="https://sp-edge.com/updates/32957">launched</a> Emissions Monitoring, a new feature within its Movement platform. This tool helps shippers, carriers, and logistics service providers measure and report Scope 3 emissions across all transportation modes to improve sustainability and compliance. Earlier In <a href="https://sp-edge.com/updates/31195">July 2024</a>, it introduced enhanced electronic bill of lading capabilities across LTL industry. Also, in the same month it <a href="https://sp-edge.com/updates/31686">launched</a> expanded capabilities and reach for its Appointment Management product to offer a centralized view of facility appointments, enabling shippers to monitor trailer ETAs against scheduled appointments in real-time and proactively manage exceptions.In 2021, Project44 reported an annual recurring revenue of more than USD 100 million. In November 2022, the company was valued at USD 2.7 billion. In September 2024, it also <a href="https://sp-edge.com/updates/33426">opened</a> a new office in Bengaluru, India, which will support its global expansion and serve as one of the company's Centers of Excellence.Key customers and partnershipsAs of October 2023, the company's customers included leading brands such as Nestlé, Convoy, DHL, Uber Freight, and Bayer.In July 2024, project44 expanded its presence in China by launching its Movement platform in the market, making the advanced user interface available to all users in China. The expansion leveraged a new partnership with Baidu, a China-based multinational tech leader, to enhance visibility for customers operating in China. As part of the partnership, project44's over-the-road (OTR) maps in China will be powered by Baidu, improving the company's ability to provide real-time, transparent information to customers.In May 2023, the company entered into a partnership with asset intelligence company, Nexxiot, to enable the delivery of real-time network insights and IoT-centric conditional and location monitoring. Further, in January 2024, the company partnered with Lenzing Group, a specialty fiber producer, to enhance Lenzing Group's ocean shipment visibility with a focus on carbon emissions monitoring. The collaboration involves the creation of an updated real-time shipment visibility tool that collects carbon emissions data at the shipment and container levels.

iFoodDS is a provider of connected traceability, quality, and food safety solutions for the fresh food supply chain. The company offers a suite of applications and consulting services to help enterprises comply with the FDA's Food Safety Modernization Act (FSMA) 204 Food Traceability Rule, which establishes new traceability recordkeeping requirements. iFoodDS solutions enable food companies to capture, store, and share data required by FSMA 204, such as traceability loT codes, product descriptions, and location information.One of iFoodDS' flagship offerings is iFoodDS Trace Exchange with IBM Food Trust, a comprehensive traceability solution developed in partnership with IBM. This solution leverages IBM's blockchain technology and iFoodDS' industry expertise to help businesses meet FSMA 204 compliance requirements. It allows companies to capture and share traceability data with trading partners securely and efficiently.In addition to traceability solutions, iFoodDS provides quality and food safety applications. The company's Quality Insights Solution and Shelf Life Monitoring Solution help grocery retailers and distribution centers standardize inspection procedures, benchmark supplier performance, identify root causes of shrink, and make better sourcing decisions.Key customers and partnershipsiFoodDS serves a diverse customer base across the food supply chain, including growers, processors, distributors, retailers, and foodservice operators. Some of its customers include Safeway Fresh Foods, LSG Sky Chefs, and Sysco Corporation.In August 2024, the company <a href="https://sp-edge.com/updates/32835">partnered</a> with Sysco, the world's largest food distributor, to support FSMA Food Traceability Rule compliance. The partnership aimed to provide Sysco's supplier network with flexible options for sharing data required by FSMA 204. Earlie in June 2024, the company also <a href="https://sp-edge.com/updates/30216">partnered</a> with TraceGains to accelerate the adoption of FSMA 204 compliance solutions, leveraging TraceGains' extensive supplier network and iFoodDS' traceability platform​.In May 2024, iFoodDS announced collaborations with Wiliot, a provider of battery-free IoT technology, and Trustwell, a supplier compliance and traceability solutions provider. This partnership aimed to integrate Wiliot's ambient IoT data into iFoodDS and Trustwell's software platforms, enabling real-time, item-level traceability for food companies.

<div>
 
 Inspectorio provides a supply chain management platform aimed at enhancing the efficiency, transparency, and sustainability of the production chain operations across a range of industries. The company leverages technology to address the challenges in quality assurance, responsible sourcing, production management, traceability, and supplier relationship management. 
 
 
 
 
 Inspectorio&rsquo;s platform is AI-powered, providing dynamic and intelligent solutions across various operational needs. It also helps organizations collaborate with their global supply chains, thereby streamlining operations and preventing potential issues. 
 
 
 
 
 Key customers and partnerships
 
 
 
 
 Inspectorio serves a broad spectrum of industries such as apparel and footwear, food and beverage, home and furniture, multi-category retail, and outdoor and sports, providing solutions tailored to the needs of brands and retailers, suppliers, and factories. As of April 2023, the company served over 8,000 customers worldwide. In January 2022, the company&rsquo;s clientele included renowned brands and retailers such as Target, Crocs, and Carter's. 
 
 
 
 
 In June 2022, Inspectorio entered a global sales, marketing, and product partnership with CGS, a provider of business applications and outsourcing services. The collaboration integrated CGS's Shop Floor Control technology with Inspectorio's Sight quality management system, offering enhanced visibility into manufacturing and supply chain processes. The combined solution was expected to yield robust AI algorithms, powerful analytics, and real-time insights into every phase of the manufacturing process.
 
 
 
 
 Funding and financials
 
 
 
 
 In January 2022, Inspectorio raised USD 50 million in a Series B funding round led by Insight Partners, a New York-based private equity and venture capital firm. Other investors such as Techstars, Flexport, Ecolab, and Matchstick Ventures also participated in the round. The new funding was expected to be channeled towards research and development initiatives, as well as enhancing its product development, go-to-market teams, and overall expansion. 
 
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Based in Frankfurt, Germany, Qualifyze provides supply chain risk management solutions for the life sciences industry. It offers an integrated audit management platform that streamlines compliance audits for pharmaceutical and healthcare companies. The platform provides a centralized system to manage various aspects of audits, including GxP, ESG, and ISO, covering planning, execution, and CAPA follow-ups.&nbsp;Qualifyze's platform connects manufacturers, suppliers, and a global network of more than 250 auditors and quality experts for streamlined collaboration. The company has conducted over 3,000 audits across 85+ countries, building what it claims to be the largest and most accurate supplier network and data analytics tools in the sector.In 2023, Qualifyze launched its first analytics solutions, enabling quality, procurement, and supply chain functions to assess supplier performance and conduct more accurate supplier risk profiling. In 2024, Qualifyze also introduced a proprietary Quality Compliance Rating (QCR) certificate, functioning as a scoring system to help drug manufacturers quickly identify reliable partnersKey customers and partnershipsQualifyze offers its solutions to global pharmaceutical and healthcare companies. Its clients include industry leaders such as Merck, Moehs, DSM, Olon, Siegfried, Teva, CordenPharma, Cipla, Dr. Reddy's Laboratories, Sun Pharmaceuticals, Sandoz, and Mallinckrodt Pharmaceuticals. Approximately 80% of Qualifyze's customers were based outside of Germany, with about 20% located outside of Europe, demonstrating the company's global reach and appeal in the pharmaceutical industry.In August 2024, the company partnered with Brenntag, the global market leader in chemicals and ingredients distribution, to improve access for Brenntag’s customers to high-quality third-party audits of Brenntag’s suppliers. In April 2023, the company also partnered with Scilife, an eQMS solutions provider, to share customer bases and networks and encourage their respective audiences to adopt each other's software and services.&nbsp;

The toolkit to build machine learning applications at scale

Machine Learning Infrastructure

Docker is an open-source platform that enables users to build, test, and deploy AI applications. The platform packages and runs AI applications into containers that comprise components such as the libraries, system tools, and code. Docker helps to train and run ML models on different operating systems and streamlines the containerization and implementation process to deploy ML models into production. The company also offers an open-source desktop application that allows developers to create applications and test code and an app store that allows developers to download application components which are packaged as containers.The platform is available under a SaaS subscription model starting from USD 5 per user per month and includes a free plan with limited features. In addition, it offers <a href="https://sp-edge.com/updates/25894">Docker Build Cloud</a>, a service that allows development teams to complete their image builds in the cloud, starting at USD 5 per seat/month for 200 build minutes. It utilizes smart caching and predictive technology to improve build speeds by up to 39x.In June 2023, Docker acquired Mutagen IO, the developer of the open-source Mutagen file synchronization and networking technologies. Mutagen’s technologies, when combined with Docker’s existing developer tools, enable developers with local and remote containerized development. In addition, Docker acquired <a href="https://sp-edge.com/updates/24816">AtomicJars</a>, an early-stage startup that has built a commercial container testing platform. Through the acquisition, Docker aimed to strengthen its position in the market and expand its offerings to developers working on projects before they go into production.The company launched Docker Build Cloud, a service that allows development teams to complete their image builds in the cloud, with build speed improvements of up to 39x. These speedups are achieved through smart caching and predictive technology. Additionally, the system provides transparency around cache utilization, with the potential option of selecting different cache sizes. Other planned features include the ability to track time savings made from remote builds as well as integrated functionality with other Docker products for enhanced security and efficiency.Key customers and partnershipsAs of January 2024, the platform was used by more than 20 million developers, with notable customers such as Adobe, Netflix, PayPal, Stripe, Splunk, Verizon, and Target. As of March 2023, the company served more than 70,000 commercial customers, including more than 79% of the Fortune 100 and a majority of the top technology companies, banks, retailers, media, and healthcare companies.Funding and financialsIn March 2022, the company raised USD 105 million in a Series C funding round led by Bain Capital Ventures at a valuation of USD 2.1 billion. The funds were utilized to accelerate investments in its product and go-to-market initiatives, such as increasing investments in developer productivity, trusted content, and ecosystem partnerships and investing in new channels and geographies.In March 2023, Docker reported that its annual recurring revenue (ARR) increased more than 30x in the past three years.

Weights &amp; Biases offers a platform that allows users to build models with experiment tracking, data set and model versioning, data visualization, hyperparameter optimization, and model management. The platform enables users to automatically retrain and re-evaluate models and centrally manage all model versions through every lifecycle stage—from development to staging to production. It also helps to visualize comparisons between model versions to evaluate performance and identify regressions before model deployment. It also offers toolkits such as <a href="https://sp-edge.com/updates/19172">W&amp;B Weave and W&amp;B Production Monitoring </a>to build and monitor data- and ML-powered applications, respectively, through interactive visualizations.The company also offers a <a href="https://sp-edge.com/updates/17880">suite of tools (W&amp;B Prompts) </a>to support large language model operations (LLMOps). W&amp;B Prompts includes tools and features for experiment tracking, debugging, and collaboration, as well as a one-click method to evaluate and score prompts through the OpenAI Eval’s framework.The company provides the platform through a free tier and under a subscription model for up to USD 50 per user per month.Key customers and partnershipsWeights &amp; Biases served more than 700,000 ML practitioners as of August 2023. Its notable include NVIDIA, Toyota, BMW Group, Samsung, Fujifilm, Truebill, and Clear Capital.The company has <a href="https://sp-edge.com/updates/18663">partnered with Lambda </a>, a GPU cloud computing provider, to offer its MLOps platform integrated with the infrastructure services of the latter, catering to enterprises dealing with AI and deep-learning workloads.Funding and financialsIn August 2023, the company raised <a href="https://sp-edge.com/updates/20874">USD 50 million in a strategic investment </a>round at a valuation of USD 1.25 billion, led by Daniel Gross and Nat Friedman. The round also saw participation from Sapphire Ventures, Coatue, Insight Partners, and other investors. The company aimed to utilize the fresh funds to further develop its ML tools, including the launch of W&amp;B Prompts.

Fiddler AI provides a model performance management platform that continuously monitors models with real-time alerts to track model performance, identifying data and prediction drift, data integrity issues, and changes in low-frequency predictions. Fiddler combines explainable AI principles, such as Integrated Gradients and Shapley Values, which includes its award-winning Fiddler SHAP metric, with proprietary methods to provide model explanations and ML model predictions (past, present, and future). It automates the documentation of explainable AI projects and delivers prediction explanations for model governance and model risk management.The platform provides analytics modeling through a set of dashboards, reports, and charts such as partial dependence plots (PDP). It enables users to perform what-if analyses, test new theories and data modeling concepts, and return model predictions with altered inputs. Users can conduct root-cause analysis with predictive modeling techniques to compare features within models and measure data impacts.Fiddler also provides tools, expert guidance, and support toward internal model governance processes. The company provides fairness features such as algorithmic bias detection, intersectional bias detection, model fairness, data set fairness, and fairness metrics including disparate impact, demographic parity, equal opportunity, and group benefit. The company offers its platform through a subscription model.Key customers and partnershipsAs of January 2023, the company served notable customers including Meta AI, AWS, Intel, NVIDIA, In-Q-Tel, and Conjura. Fiddler collaborated with In-Q-Tel, a non-profit strategic investor that expedites the development and deployment of cutting-edge technologies for US government agencies. Through the partnership, it aimed to deliver explainable AI and model monitoring features to enhance the capabilities of the US government agencies.Funding and financialsIn June 2021, the company raised USD 32 million in a Series B funding round led by Insight Partners. The funds were utilized to launch new solutions to mitigate issues such as bias and data drift, increase its customer base, and drive customer education in Responsible AI. In addition, the company received an undisclosed amount of venture funding from Alteryx Ventures and Japan’s Dentsu Ventures in April 2023 and July 2023, respectively.

Tonic helps to create synthetic datasets for use in model building and AI application testing by leveraging deep neural network generative models through variational autoencoders (a type of deep learning technique). The synthetic data mimics actual production data based on techniques such as differential privacy, while ensuring the retention of original data utility. The platform also supports semi-structured data such as NoSQL databases. It also allows automatic scanning and de-identification of sensitive data, ensuring that sensitive data does not leave the source to mitigate risks from external threats. This also enables organizations to achieve compliance with privacy regulations such as the GDPR and CCPA.In addition, Tonic offers a solution to anonymize data to train LLMs that ensure data privacy and compliance. The company also offers a solution called Ephemeral to instantly create shareable data environments to equip developers with necessary data. It allows users to quickly create copies of existing databases for testing, bug reproduction, and demos.The company offers its platform through a subscription and usage-based model.Key customers and partnershipsAs of January 2024, the company served over 50 customers across the healthcare, financial services, EdTech, logistics, and ecommerce industries. Its notable customers include eBay, The Motley Fool, Flexport, VMware, Everlywell, Kin Insurance, and Scalapay.Tonic partnered with <a href="https://sp-edge.com/companies/241548">Snowflake</a> in June 2022 to allow joint customers to develop AI applications in the Snowflake Data Cloud platform with realistic, de-identified data as well as tokenize data to ensure regulatory compliance.Funding and financialsIn September 2021, the company raised USD 35 million in a Series B funding round led by Insight Partners. The company utilized the funds to accelerate product development, improve developer relations, invest in customer acquisition and retention, and expand its team to 100.The company reported that its revenue grew by more than 600% YoY in 2020 and was on track to achieve a 500% YoY increase in revenue in 2021.

Databricks offers a range of data infrastructure and data analytics solutions such as data lakes, data warehouses, data governance, and more, which are also being used for processing data across machine learning applications.Databrick’s offers a managed service for MLFlow, an open-source platform that provides features for development, management, deployment, and monitoring of ML models. MLFlow also includes a centralized model registry to store and collaborate on ML models, along with features for version control and integration with enterprise CI/CD pipelines. MLFlow supports deployment using Apache Spark for local machines, along with cloud deployment via Microsoft Azure ML and Amazon Sagemaker. MLFlow was initially built by Databricks, but it is now open-sourced and managed by the Linux Foundation.In addition, the Lakehouse AI tools featured within the Lakehouse platform allow developers to build Gen-AI applications using foundational models to train their own custom models securely with its enterprise data.In July 2023, Darabricks <a href="https://sp-edge.com/updates/19683">acquired MosaicML </a>, an ML model development platform for generative AI applications, in a transaction valued at approximately USD 1.3 billion, inclusive of retention packages. The acquisition will integrate MosaicML's platform within the Databricks' Lakehouse platform, offering organizations a unified platform with tools to create and manage large language models (LLMs) and a wide range of AI use cases including generative AI using their own data.Key customers and partnershipsAs of September 2023, Databricks had a customer base exceeding 10,000 worldwide, which includes renowned companies like S&amp;P Global, Adobe, Toyota, Nasdaq, and NASA.In&nbsp;<a href="https://sp-edge.com/updates/32463">August 2024</a>, Databricks partnered with Lenovo to enable easier AI adoption among Lenovo’s customers by leveraging the Databricks’ data management capabilities.&nbsp;Earlier in October 2022, Databricks partnered with the no-code extract, transform, and load (ETL) platform Hevo Data to provide automated data integration into the lakehouse for mutual customers. This enabled customers to deploy ETL pipelines on Hevo Data within Databricks.It also partnered with Credo AI, an AI governance platform (<a href="https://sp-edge.com/updates/25683">in January 2024</a>), to integrate the latter’s governance platform to assist organizations in tracking and managing AI risks and complying with emerging regulations. The company also has several collaborations with NVIDIA, including the integration of NVIDIA CUDA accelerated computing into Databricks' Data Intelligence Platform, and developing native support for NVIDIA-accelerated computing in its next-generation query engine, Photon, which will lead to faster and more efficient data management.Funding and financialsIn September 2023, the company raised more than USD 50 million in a <a href="https://sp-edge.com/updates/21866">Series I</a> funding round at a USD 43 billion valuation. The round was led by T. Rowe Price, with participation from Andreessen Horowitz, Capital One Ventures, Ontario Teachers' Pension Plan, and NVIDIA. The funds were to be used to support the continued growth of Databricks and its unified data and AI platform.In 2Q 2023 (ending on July 31, 2023), Databricks reported to have exceeded USD 1.5 billion in revenue run rate (a 50% YoY increase), while achieving a non-GAAP subscription gross margin of 85%.

Threat Prevention Toolchain

<div>
 
 SentinelOne is an AI-powered cybersecurity company that provides advanced threat protection for endpoints, cloud workloads, and IoT devices through its Singularity Platform. Founded in 2013 and headquartered in Mountain View, California, SentinelOne utilizes artificial intelligence and machine learning to detect, prevent, and respond to cyber threats in real-time. The company's flagship offering, the Singularity Platform, combines endpoint protection, endpoint detection and response (EDR), IoT security, and cloud workload protection into a unified solution. SentinelOne's technology uses behavioral AI to analyze and respond to threats autonomously, without relying on signature-based detection methods. This allows it to identify and block both known and unknown threats, including malware, ransomware, and zero-day exploits. As of September 2024, SentinelOne reported revenue of USD 199 million for the second quarter of fiscal year 2024, representing a 33% year-over-year increase. The company has gained recognition in the cybersecurity industry, being named a Leader in Gartner's Magic Quadrant for Endpoint Protection Platforms for four consecutive years as of 2024.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 
 SentinelOne's customer base spans various industries and includes notable organizations such as Hitachi, Lyft, Electronic Arts, Aston Martin, Samsung, and Canva. In September 2024, SentinelOne announced a multi-year collaboration with Lenovo, a leading global PC manufacturer, to integrate SentinelOne's AI-powered security solutions into millions of Lenovo devices worldwide. This partnership aims to enhance endpoint protection and fortify enterprise resilience against evolving cyber threats. SentinelOne has also achieved FedRAMP High Authorization for its Singularity Platform and Singularity Data Lake, enabling it to provide services to US Federal, Public Sector, Defense Industrial Base, and Critical Infrastructure entities. The company's solutions are designed to meet stringent security and compliance mandates, including Executive Order 14028 and Office of Management and Budget M-21-31.
 
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Detectify is a Stockholm-based SaaS security company founded in 2013 that provides external attack surface management (EASM) and vulnerability scanning solutions. The company's core offerings include Surface Monitoring and Application Scanning, which together provide comprehensive coverage across an organization's external attack surface. Surface Monitoring allows continuous discovery and monitoring of internet-facing assets, while Application Scanning performs automated vulnerability assessments on custom-built web applications.
Detectify's platform leverages a global network of over 400 ethical hackers, known as the Crowdsource community, to source the latest security research and deliver payload-based testing. This approach enables Detectify to rapidly identify new vulnerabilities and integrate them into its scanning capabilities. The platform boasts a 99.7% vulnerability assessment accuracy rate and utilizes over 2,000 security tests.
Key features of Detectify's offerings include asset discovery, vulnerability assessment, real-time monitoring and reporting, and integrations with tools like Jira, Slack, and Zapier. The company's technology can detect various types of vulnerabilities, including SQL injection, cross-site scripting (XSS), and misconfigurations. Detectify also provides remediation advice to help organizations address identified security issues.
Key customers and partnerships
Detectify's solutions are trusted by over 1,900 companies worldwide, including high-profile clients such as Spotify, King, Trello, and Grammarly. The company has a strong presence in the US market, with 30% of its revenue coming from US customers as of March 2019.
In June 2023, Detectify announced a partnership with Securesult, a cybersecurity consulting company in the Netherlands, to offer a combined managed service for businesses looking to take a proactive approach to attack surface management. This partnership aims to improve internet security and the availability of effective risk management services in the region.
Detectify has also achieved advanced technology partner status with Amazon Web Services (AWS) and received pre-authorization for application vulnerability scanning on AWS-hosted applications. This allows AWS users to easily run security tests on their web applications without requiring additional approval from AWS.

<div>
 
 Darktrace is a cybersecurity company founded in Cambridge, UK in 2013. The company's core offering is an artificial intelligence-powered platform that detects and responds to cyber threats across an organization's digital environment, including cloud, email, network, and operational technology systems. Darktrace's approach differs from traditional cybersecurity tools by using self-learning AI to understand the unique patterns of each organization it protects, allowing it to identify subtle deviations that may signal a threat. This enables Darktrace to detect novel and AI-driven cyber-attacks that might evade conventional security measures.
 
 
 
 
 The company's technology is designed to provide a full lifecycle approach to cyber resilience, autonomously spotting and responding to threats within seconds across an entire organization. Darktrace's product suite includes capabilities for threat detection, investigation, and proactive threat mitigation. In 2024, Darktrace expanded its offerings with the launch of a new product line called &quot;Prevent&quot;, which aims to help organizations mitigate potential threats before they are exploited.
 
 
 
 
 As of August 2024, Darktrace reported protecting over 9,400 customers globally from advanced cyber threats. The company has continued to innovate, with a focus on expanding its AI research capabilities. Following its initial public offering in 2021, Darktrace used some of the proceeds to double the headcount of its core development team. In early 2024, Darktrace acquired Cybersprint, a Netherlands-based attack surface management company, which accelerated the development of its &quot;Prevent&quot; product line and established an additional European R&amp;D center in The Hague.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 
 Darktrace's client base includes organizations such as Allianz, Airbus, and the city of Las Vegas. In June 2024, Darktrace was recognized as the winner of the UK 2024 Microsoft Partner of the Year Award, highlighting its strong partnership with Microsoft in delivering proactive cyber protection. This collaboration involves combining large-scale threat intelligence with security insights unique to each customer's digital footprint, aiming to extend and elevate Microsoft's security suite including email, Azure, and Copilot.
 
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Torq is a security hyperautomation platform that enables organizations to automate complex security workflows and processes across their entire infrastructure. Founded in 2020 and headquartered in Portland, Oregon, Torq offers a no-code/low-code solution that allows security teams to create and deploy sophisticated workflows without extensive coding knowledge. The platform integrates with existing security tools and infrastructure, enabling users to connect various systems and automate tasks related to threat detection, incident response, and security operations.
Torq's platform features a visual interface for creating automated workflows that can be triggered by alerts, schedules, or on-demand. It supports integration with a wide range of security and IT tools, allowing users to orchestrate processes across cloud, on-premise, and hybrid environments. The company's solution goes beyond traditional Security Orchestration, Automation and Response (SOAR) capabilities, offering flexibility to automate any security process, from user provisioning to device policy management.
In April 2023, Torq introduced an enterprise-grade security hyperautomation platform capable of automating complex security infrastructures at scale. This platform includes GPT AI-based analytics for analyzing cybersecurity incidents and informing defensive measures. Torq claims its customers rely on the platform for more than 3 million daily security automations.
Key customers and partnerships
Torq has attracted a diverse customer base, including Fortune 100 companies and smaller enterprises across various industries. Notable customers include Blackstone, Chipotle, Rivian, Lemonade, Fiverr, NS1, eToro, Armis, and Healthy.io. The company has also partnered with major cybersecurity vendors such as Wiz, Abnormal Security, Armis, and SentinelOne.
In June 2022, Torq launched the Torq Automation Alliance, a global partner program for value-added resellers, distributors, system integrators, managed security service providers, and managed detection and response providers. This program aims to provide partners with access to Torq's platform, enablement resources, and marketing materials to better serve their customers.
As of August 2022, Torq reported having over 100 technology integration partners, including Orca and Wiz, further expanding its ecosystem and capabilities. The company has experienced significant growth, with a reported 385% increase in its customer base and a 360% revenue increase over three quarters in 2022.

DoControl is a SaaS Security Posture Management solution that provides automated data access controls for SaaS applications. Founded in 2020 and headquartered in New York, DoControl offers comprehensive visibility, threat detection, and remediation for SaaS data exposure and insider threats. The company's platform is designed to secure sensitive data and files within business-critical SaaS applications such as Google Drive, Slack, Microsoft SharePoint, Salesforce, and Box.
DoControl's solution combines CASB (Cloud Access Security Broker) and DLP (Data Loss Prevention) capabilities to ensure protection across major SaaS ecosystems. It harnesses user interactions and API access across SaaS applications and feeds them into powerful no-code workflows that automatically identify, respond to, and remediate threats stemming from SaaS data policy violations. The platform incorporates business and security context to ensure quick response to emerging threats and effective insider risk management.
The company's technology uses an event-based approach for near-real-time threat detection, replacing industry standards of days and weeks. Leveraging automated security workflows and end-user interactions, DoControl significantly reduces SaaS data exposure over time, ensuring robust security with minimal effort and no impact on productivity.
In March 2024, DoControl released a report which found that companies were generating approximately 286,000 new SaaS assets each week. The report also highlighted that one out of six employees shared company data with their personal email, emphasizing the need for comprehensive security strategies to mitigate insider threats and control data exposure.
Key customers and partnerships
DoControl has gained recognition for its innovative approach to SaaS security. In 2024, the company won two gold awards at the 20th Annual Globee Cybersecurity Awards in the categories of Insider Threat Management and Most Innovative Security Software of the Year. Additionally, DoControl received a silver award for its achievements in Data Loss Prevention.
Vox Media, a modern mass media company, is a notable customer of DoControl. The company uses DoControl to proactively detect and mitigate accidental data oversharing within their cloud collaboration environments. DoControl's advanced monitoring and alerting capabilities ensure sensitive information is not exposed to unauthorized individuals. When oversharing incidents are detected, DoControl automatically takes appropriate actions to restrict access or notify administrators for further review.
DoControl has also integrated its solution with Zoom to provide comprehensive SaaS data protection for the video conferencing platform. This integration allows users to gain visibility into specific details on account users and cloud recordings, enforce strong password protection for high-risk users, provide secure access to sensitive video recordings and text-based files, and establish robust data access control policies to protect sensitive data and files within Zoom.

Ensuring the right people access the right resources at the right time

Identity & Access Management

<div>
 
 Keyfactor, formerly Certified Security Solutions (CSS), is a leading provider of secure digital identity management solutions that enables organizations to confirm authenticity, and ensure the right things are interacting in the right ways in our connected world.
 
 From an enterprise managing millions of devices and applications that affect people&rsquo;slives every day, to a manufacturer aiming to ensure its product will function safely throughout its life cycle, Keyfactor empowers global enterprises with the freedom to master every digital identity. Its clients are the most innovative brands in the industries where trust and reliability matter most.
 
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