Marketers embrace change with optimism and purpose. In fact, 66% of marketers expect revenue growth at their companies over the next 12 to 18 months. Seventy-seven percent of marketers feel their work provides greater value now than it did a year ago. Eighty-eight percent of CMOs say their marketing must transform in order to be competitive.
Financial solutions company Razorpay on Monday said it has acquired AI-based risk tech SaaS (software-as-a-service) platform TERA Finlabs for an undisclosed sum. TERA Finlabs is an Indian subsidiary of GAIN Credit, a leading UK digital lender which was launched in 2018 to expand its global footprint in digital lending. This marks the company's third acquisition after foraying into the B2B SME lending space with the launch of Razorpay Capital in 2019, it said in a statement. "The team at TERA FinLabs comes with exceptional domain knowledge in credit underwriting & risk management and we see immense value in TERA Finlabs core lending infrastructure capabilities," said Harshil Mathur, CEO, and Co-Founder, Razorpay. Razorpay Capital, along with TERA Finlab's technology capabilities, will be able to service the credit needs of over 10,000 businesses in India by the next year, the company said.
Evolving customer expectations and business needs have fueled a digital transformation in China, marked by the integration of cloud computing and artificial intelligence ("AI") into companies' operations. "To survive in this new world, businesses must learn to observe, think, and operate differently," reads Deloitte China's webpage about digital transformation (https://nnw.fm/8rH63). "Digital transformation, the cross-disciplinary power comprising digital, analytics, cloud, cybersecurity, and regulatory compliance, is about embracing digital disruption and unlocking exponential value." Interestingly, Infobird Software (NASDAQ: IFBD), a Software-as-a-Service (SaaS) company offering AI-enabled end-to-end customer engagement solutions in China, has packaged the aspects of digital transformation mentioned above, i.e., cloud computing, analytics, cybersecurity, and digital, into its robust proprietary solutions and is using them to help companies around China adapt to the changing times and transform digitally. IFBD's customer engagement solutions, which integrate the needs of both the customers and the businesses into a single platform, stimulate companies' market performance and growth and enable them to improve their infrastructure.
The Software Report is pleased to announce The Top 100 Software Companies of 2021. This year's awardee list is comprised of a wide range of companies from the most well-known such as Microsoft, Adobe, and Salesforce to the relatively newer but rapidly growing - Qualtrics, Atlassian, and Asana. A good number of awardees may be new names to some but that should be no surprise given software has always been an industry of startups that seemingly came out of nowhere to create and dominate a new space. Software has become the backbone of our economy. From large enterprises to small businesses, most all rely on software whether for accounting, marketing, sales, supply chain, or a myriad of other functions. Software has become the dominant industry of our time and as such, we place a significance on highlighting the best companies leading the industry forward. The following awardees were nominated and selected based on a thorough evaluation process. Among the key criteria considered were ...
Token: A London-based open banking startup which offers open data (data that can be freely used, re-used and redistributed) services, such as accounting package integration, credit risk analysis and cash flow management. Bambu: A robo-advisor provider that develops technology for financial institutions by using an application programming interface (API) and software as a service (SaaS) platform to make wealth management digital and simple. The company is headquartered in Singapore with a subsidiary in the UK. Rabbet: A construction finance platform that parses documents and connects information with the aim of creating frictionless transactions, based in America. Flybits: A customer experience platform for the financial services sector, based in America.
IRVINE, CA, June 17, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Vita Mobile Systems, Inc. (OTC PINK: VMSI), a technology company focused on digital imaging in mobile devices, collection and management of big data and development of artificial intelligence, today announced it has signed a non-binding letter of intent (LOI) to acquire a technology company with proprietary Artificial Intelligence software. The acquisition would see VMSI absorb a company with a proprietary Artificial Intelligence (AI) Resource Engine designed to analyze geolocation-based information and trends to address many of the economic and social concerns the world is facing as it transitions into a new post-pandemic society. "As we emerge from an unprecedented year, we are excited and optimistic for this acquisition and for the future on VMSI. The pandemic reshaped the world, its industries and how people interact and connect. One of the most significant changes the pandemic brought was a revolution in technology used to bring people together virtually. VMSI's products originally had a focus on events where people would come together physically, but the pandemic changed the way people interact and we changed with it. We re-aligned our technology suite to meet the changes and, today, VMSI is well positioned to capitalize on the need for immediate geolocation-based information that has been re-enhanced by the pandemic. During the past months, management has also worked on developing strategic partnerships and evaluating acquisition candidates that would complement our technology foundation," stated Sean Guerrero, CEO of Vita Mobile Systems.
DataDome, a cybersecurity company, announced that it has raised $35 million from Elephant, and its historical investor ISAI. The firm is known for its Software as a Service (SaaS) solution that uses artificial intelligence to protect the data of companies suffering from fraud committed by malicious robots. This investment will allow DataDome to strengthen its teams. Founded in 2015 by Fabien Grenier and Benjamin Fabre, DataDome is a cybersecurity company whose main mission is to help companies protect their data and digital activities. A fast-growing demand: bot fraud attacks are constantly on the rise as they are up 47% over the last six months.
Gong is a San Francisco based tech platform and among the leading SaaS business in the fast-developing category of Conversation Intelligence. It helps companies by offering sales representatives a new way to increase sales. It also enables sales teams to gain insights regarding the things happening to their employees working remotely. In August this year, as we already covered, Gong raised $200 million at a $2.2 billion valuation and indicated that its profits tripled because sales teams are now working from home during this global pandemic. This latest funding round was led by Coatue and later joined by Thrive Capital, Salesforce, and Index ventures. With other investors' help, including Sequoia Capital, NextWorld Capital, and Battery Ventures, it brings Gong's total funding to $334 million.
Robotic process automation startup UiPath today announced it has closed a $225 million funding round, bringing its total raised to over $1.2 billion. While the new round is roughly half the $568 million UiPath raised last April, it catapults the New York-based company's post-money valuation to $10.2 billion, up from $7 billion in 2019 and $3 billion in 2018. CEO Daniel Dines says the funding will be used to scale UiPath's platform and deepen its investments in "AI-powered innovation" as it expands its cloud software-as-a-service (SaaS) offerings. The round will also likely lay the groundwork for future strategic deals, following UiPath's acquisition of startups StepShot and ProcessGold last October. RPA -- technology that automates monotonous, repetitive chores traditionally performed by human workers -- is big business.
Hushly, a content engagement and conversion platform, has announced that they have fully embedded an artificial intelligence (AI) capability throughout their solution offerings. AI provides machine learning to B2B marketers and offers an automated way to develop high-quality content recommendations for increased conversions. Hushly's newest functionality will be made available free to customers. With Hushly's AI engine, B2B marketers can provide better user experiences by recommending personalised content to prospective leads based on their business profile and buyer intent data in real-time. "AI continues to offer unprecedented operational efficiencies, and when applied to B2B lead generation, automates manual processes, provides enhanced user experiences and results in higher quality conversions," said James Kessinger, CMO at Hushly.