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See Atomico’s most senior VCs on stage at Disrupt Berlin

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See Atomico’s most senior VCs on stage at Disrupt Berlin

Atomico is among the most widely respected venture firms in Europe, ranking right up there with friendly rivals like Accel London and Index Ventures.

It’s also just 13 years old at this point, compared with its more established peers. It’s easy to overlook this, considering the impact the firm has made on the European startup scene since Swedish billionaire Niklas Zennström — who’d previously cofounded Skype and Kazaa — first swung open its doors.

Consider that four funds and $1.5 billion dollars in asset under management later, Atomico is now among Europe’s largest early-stage funds. It also has one of the most enviable portfolios, with companies that include Klarna (valued at $5.5 billion), Graphcore (valued at $1 billion), Stripe (valued at $35 billion) and Compass (valued at $6.4 billion), as well as a growing long list of past winners, including Climate Corp., which sold to Monsanto for $1.1 billion back in 2013.

In fact,  it was through this last investment  that Atomico first met Siraj Khaliq, who is today among the most senior members of the Atomico team and who will be joining us on stage at TechCrunch Berlin next week for a wide-ranging discussion about where Atomico is shopping — and how the different geographies it covers are evolving.

Khaliq previously cofounded and served as CTO of The Climate Corp. and today leads Atomico’s “frontier” investment team. He’ll be talking with us along the firm’s other most senior members, including Niall Wass, who co-leads the firm’s consumer investment team; Sophia Bendz, who lead Atomico’s Nordic investment sourcing, as well as its angel program; and Hiro Tamura, who co-leads the firm’s consumer investment team with Wass and also leads its later-stage investing team. (Tamura is also the longest serving partner at Atomico after Zennström.)

What excites them, what concerns them, and how are they trying to prepare for 2020? We’re thrilled to be sitting down with them to talk about these questions and much more.

If you care about what’s happening on the ground in Europe, this is one conversation you won’t want to miss. Tickets to the show are still available. You can find the entire Disrupt Berlin agenda here.

Published at Sat, 07 Dec 2019 06:00:07 +0000

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Emerging Technologies Achievable Through The Cloud: 4 Practical Examples

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Steve Sangapu

Cloud computing is the foundation beneath some of the fastest growing industries in the world, So it’s not difficult to get lost in all the buzzwords that are thrown around cloud computing and digress from actual technological advances and benefits that are achievable with smart and efficient use of the cloud.

So what’s behind the hype? Some extremely powerful technologies and workflows. And that’s exactly what we’re going to take a look at in this article — the top 4 practical examples of technologies achievable through the cloud in 2020.

Contrary to popular belief, information alone won’t give companies a competitive advantage — executives also need to be able to base their decisions on data before the opportunities pass. However, most companies generate terabytes of data every week but are unable to capitalize on any of the data. Big data analytics is a solution to this problem.

Thanks to the advanced evolution of the cloud, companies are able to gather and analyze data at a nearly instantaneous rate. Leveraging big data analytics empowers organizations to run more efficiently in terms of cost and decision making. Companies can make data-driven decisions brought to them by data analysis tools that are provided through the cloud.

BigQuery from Google Cloud has many powerful features that allow users to view their data in real-time, providing continual up-to-date information to help guide business decisions. Big Query is a serverless NoOps (no operations) platform that separates compute and storage, meaning that better autoscaling is offered as they can be independently scaled as required. BigQuery’s Machine Learning and Business Intelligence Engine analysis of various data models are quite powerful. It integrates seamlessly with the Google Cloud AI platform and other tools like Data Studio.

Cloud service providers like Google Cloud Platform (GCP) use shared computing to process large datasets extremely quickly. Also known as cluster computing, Google uses hundreds of computers interconnected together for quick data analysis and completing complex computing tasks. Businesses like yours can also make use of similar services like cloud service providers to improve insights and decision-making.

(Sources: SAS, Google Cloud, Hostingtribunal)

1. How VR could bring transhumanism to the masses

2. How Augmented Reality (AR) is Reshaping the Food Service Industry

3. ExpiCulture — Developing an Original World-Traveling VR Experience

4. Enterprise AR: 7 real-world use cases for 2021

Automating mundane and repetitive tasks is and should be the top priority for businesses in this age. Even automating the simplest tasks, most business environments can free up to 30% time for employees — allowing them to focus on more important matters.

Cloud service providers have made it extremely easy for businesses of all sizes to dabble with business process automation. For instance, at the most fundamental level, businesses can automate how they receive and sort documents through document management, to automating entire workflows including delivery pipelines and testing updates in a controlled cloud environment. Tools such as Google’s Document Understanding AI can actually help you ensure your data is accurate and compliant. This is especially helpful in highly regulated industries where accuracy and precision are crucial to operations. It is also quick and easy to request more compute if needed for deep learning and complex ML training by requesting GPUs or using a managed service like Kubeflow.

Another emerging technology that is now accessible to small to medium enterprises is machine learning. Put simply, machine learning refers to training computer algorithms to interpret and interact with data without human interference. With increasing accuracy, MI (a subset of AI) is becoming incredibly valuable to businesses as it has virtually unlimited use cases.

You can read more about how cloud solutions using AI and ML can help save time, cut costs, and improve rates of human error.

(Sources: Google Cloud, Interactions)

Although lesser-known among legacy businesses, the Internet of Things is one of the fastest-growing industries in the world and was valued at $190 billion in 2018. Alexa and Google Home are two of the most popular examples of IoT devices of which you’re most likely very familiar. Apart from that, smart TVs, smart refrigerators, smart LEDs, security systems, thermostats, and even cars (think Tesla) that operate over WiFi are all a part of the internet of things.

Think of IoT devices as part of a much larger network all of which have a backbone in the cloud. Aside from pure convenience, IoT can be seen making significant breakthroughs in other spaces such as health tech. Fitbit, for example, has partnered with Google to transform how their product integrates between fitness and the cloud. The device uses Google’s Cloud Healthcare API. The API is a service that “helps facilitate the exchange of data among healthcare applications and services that run on Google’s Cloud.” Even more interesting is that the API also integrates analytics tools like BigQuery, AI tools like AI Platform, and data processing tools like Dataflow.

Similar tools and APIs are available for businesses in different industries so they too can help connect their device to an online network and introduce security patches, fix bugs, add features, and more.

(Sources: internetofbusiness, Google Healthcare API)

Though it has become significantly more popular in the last few years, augmented and virtual reality are not new technologies. Leftronic reports that the number of augmented reality users will reach 3.5 billion by 2023. Furthermore, they estimate that the AR and VR device market will hit $198 billion by 2025. In fact, large institutions like Boeing and NASA have been developing their own AR and VR technologies for training purposes for quite some time now. However, thanks to cloud proliferation, technologies like virtual reality are finally becoming accessible and more importantly, affordable for the average business to experiment with.

So how does it work?

When applications superimpose a CG image into the real world, they create an augmented reality experienced. Augmented reality places computer-generated objects in the human world, whereas virtual reality places you into a computer-generated world. Businesses can use this technology in a number of ways including giving consumers a virtual reality tour of their product or use it for training in a safe environment.

It’s also quite easy to get started with. Google’s Cloud Anchor allows developers to create experiences within their app for users to add virtual objects into an augmented reality environment. Thanks to Google’s ARCore Cloud Anchor service, experiences are allowed to be hosted and shared between users. Virtual Reality allows you to be transported to distant places and immerse yourself in foreign environments. Devices such as the Oculus Rift or Quest and the HTC Vive provide outstanding experiences that can run independently of a computer. When used at its capacity, Virtual Reality can be transformative for gaming, education, and immersive experiences.

These emerging technologies unlock a completely new frontier that businesses can compete in without exorbitant investments or technical knowledge. With all the right tools already available at their disposal, most businesses only need a helping hand to get started. If your organization is considering using the cloud to leverage an emerging technology but are unsure about the intricacies, reach out to D3V and set up a free strategic consultation with our certified cloud experts. Our team can help determine the best set of options for your company based on your business needs and aspirations.

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Source: https://arvrjourney.com/emerging-technologies-achievable-through-the-cloud-4-practical-examples-3e2b72d5e349?source=rss—-d01820283d6d—4

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Optimal Dynamics nabs $22M for AI-powered freight logistics

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Join Transform 2021 this July 12-16. Register for the AI event of the year.


Optimal Dynamics, a New York-based startup applying AI to shipping logistics, today announced that it closed a $18.4 million round led by Bessemer Venture Partners. Optimal Dynamics says that the funds will be used to more than triple its 25-person team and support engineering efforts, as well as bolster sales and marketing departments.

Last-mile delivery logistics tends to be the most expensive and time-consuming part of the shipping process. According to one estimate, last-mile accounts for 53% of total shipping costs and 41% of total supply chain costs. With the rise of ecommerce in the U.S., retail providers are increasingly focusing on fulfilment and distribution at the lowest cost. Particularly in the construction industry, the pandemic continues to disrupt wholesalers — a 2020 Statista survey found that 73% of buyers and users of freight transportation and logistics services experienced an impact on their operations.

Founded in 2016, Optimal Dynamics offers a platform that taps AI to generate shipment plans likely to be profitable — and on time. The fruit of nearly 40 years of R&D at Princeton, the company’s product generates simulations for freight transportation, enabling logistics companies to answer questions about what equipment they should buy, how many drivers they need, daily dispatching, load acceptance, and more.

Simulating logistics

Roughly 80% of all cargo in the U.S. is transported by the 7.1 million people who drive flatbed trailers, dry vans, and other heavy lifters for the country’s 1.3 million trucking companies. The trucking industry generates $726 billion in revenue annually and is forecast to grow 75% by 2026. Even before the pandemic, last-mile delivery was fast becoming the most profitable part of the supply chain, with research firm Capgemini pegging its share of the pie at 41%.

Optimal Dynamics’ platform can perform strategic, tactical, and real-time freight planning, forecasting shipment events as far as two weeks in advance. CEO Daniel Powell — who cofounded the company with his father, Warren Princeton, a professor of operations research and financial engineering — says that the underlying technology was deployed, tested, and iterated with trucking companies, railroads, and energy companies, along with projects in health, ecommerce, finance, and materials science.

“Use of something called ‘high-dimensional AI’ allows us to take in exponentially greater detail while planning under uncertainty. We also leverage clever methods that allow us to deploy robust AI systems even when we have very little training data, a common issue in the logistics industry,” Powell told VentureBeat via email. “The results are … a dramatic increase in companies’ abilities to plan into the future.”

The global logistics market was worth $10.32 billion in 2017 and is estimated to grow to $12.68 billion USD by 2023, according to Research and Markets. Optimal Dynamics competes with Uber, which offers a logistics service called Uber Freight. San Francisco-based startup KeepTruckin recently secured $149 million to further develop its shipment marketplace. Next Trucking closed a $97 million investment. And Convoy raised $400 million at a $2.75 billion valuation to make freight trucking more efficient.

But 25-employee Optimal Dynamics investor Mike Droesch, a partner at BVP, says that demand remains strong for the company’s products. “Logistics operators need to consider a staggering number of variables, making this an ideal application for a software-as-a-service product that can help operators make more informed decisions by leveraging Optimal Dynamics industry leading technology. We were really impressed with the combination of their deep technology and the commercial impact that Optimal Dynamics is already delivering to their customers,” he said in a statement.

With the latest funding round, a series A, Optimal Dynamics has raised over $22 million to date. Beyond Bessemer, Fusion Fund, The Westly Group, TenOneTen Ventures, Embark Ventures, FitzGate Ventures, and John Larkin and John Hess also contributed .

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Source: https://venturebeat.com/2021/05/13/optimal-dynamics-nabs-22m-for-ai-powered-freight-logistics/

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Code-scanning platform BluBracket nabs $12M for enterprise security

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Code security startup BluBracket today announced it has raised $12 million in a series A round led by Evolution Equity Partners. The capital will be used to further develop BluBracket’s products and grow its sales team.

Detecting exploits in source code can be a pain point for enterprises, especially with the onset of containerization, infrastructure as code, and microservices. According to a recent Flexera report, the number of vulnerabilities remotely exploitable in apps reached more than 13,300 from 249 vendors in 2020. In 2019, Barracuda Networks found that 13% of security pros hadn’t patched their web apps over the past 12 months. And in a 2020 survey from Edgescan, organizations said it took them an average of just over 50 days to address critical vulnerabilities in internet-facing apps.

BluBracket, which was founded in 2019 and is headquartered in Palo Alto, California, scans codebases for secrets and blocks future commits from introducing new risks. The platform can monitor real-time risk scores across codebases, git configurations, infrastructure as code, code copies, and code access and resolve issues, detecting passwords and over 50 different types of tokens, keys, and IDs.

Code-scanning automation

Coralogix estimates that developers create 70 bugs per 1,000 lines of code and that fixing a bug takes 30 times longer than writing a line of code. In the U.S., companies spend $113 billion annually on identifying and fixing product defects.

BluBracket attempts to prevent this by proactively monitoring public repositories with the highest risk factors, generating reports for dev teams. It prioritizes commits based on their risk scores, minimizing duplicates using a tracking hash for every secret. A rules engine reduces false positives and scans for regular expressions, as well as sensitive words. And BluBracket sanitizes commit history both locally and remotely, supporting the exporting of reports via download or email.

BluBracket offers a free product in its Community Edition. Both it and the company’s paid products, Teams and Enterprise, work with GitHub, BitBucket, and Gitlab and offer CI/CD integration with Jenkins, GitHub Actions, and Azure Pipelines.

BluBracket

Above: The Community Edition of BluBracket’s software.

Image Credit: BluBracket

“Since our introduction early last year, the industry has seen through Solar Winds how big of an attack surface code is. Hackers are exploiting credentials and secrets in code, and valuable code is available in the public domain for virtually every company we engage with,” CEO Prakash Linga, who cofounded BluBracket with Ajay Arora, told VentureBeat via email.

BluBracket competes on some fronts with Sourcegraph, a “universal code search” platform that enables developer teams to manage and glean insights from their codebase. It has another rival in Amazon’s CodeGuru, an AI-powered developer tool that provides recommendations for improving code quality. There’s also cloud monitoring platform Datadog, codebase coverage tester Codecov, and feature-piloting solution LaunchDarkly, to name a few.

But BluBracket, which has about 30 employees, says demand for its code security solutions has increased “dramatically” since 2020. Its security products are being used in “dozens” of companies with “thousands” of users, according to Linga.

“DevSecOps and AppSec teams are scrambling, as we all know, to address this growing threat. By enabling their developers to keep these secrets out of code in the first place, our solutions make everyone’s life easier,” Linga continued. “We are excited to work with Evolution on this next stage of our company’s growth.”

Unusual Ventures, Point72 Ventures, SignalFire, and Firebolt Ventures also participated in BluBracket’s latest funding round. The startup had previously raised $6.5 million in a seed round led by Unusual Ventures.

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VentureBeat’s mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:

  • up-to-date information on the subjects of interest to you
  • our newsletters
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Source: https://venturebeat.com/2021/05/13/code-scanning-platform-blubracket-nabs-12m-for-enterprise-security/

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Data governance and security startup Cyral raises $26M

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Data security and governance startup Cyral today announced it has raised $26 million, bringing its total to date to $41.1 million. The company plans to put the funds toward expanding its platform and global workforce.

Managing and securing data remains a challenge for enterprises. Just 29% of IT executives give their employees an “A” grade for following procedures to keep files and documents secure, according to Egnyte’s most recent survey. A separate report from KPMG found only 35% of C-suite leaders highly trust their organization’s use of data and analytics, with 92% saying they were concerned about the reputational risk of machine-assisted decisions.

Redwood City, California-based Cyral, which was founded in 2018 by Manav Mital and Srini Vadlamani, uses stateless interception technology to deliver enterprise data governance across platforms, including Amazon S3, Snowflake, Kafka, MongoDB, and Oracle. Cyral monitors activity across popular databases, pipelines, and data warehouses — whether on-premises, hosted, or software-as-service-based. And it traces data flows and requests, sending output logs, traces, and metrics to third-party infrastructure and management dashboards.

Cyral can prevent unauthorized access from users, apps, and tools and provide dynamic attribute-based access control, as well as ephemeral access with “just-enough” privileges. The platform supports both alerting and blocking of disallowed accesses and continuously monitors privileges across clouds, tracking and enforcing just-in-time and just-enough privileges for all users and apps.

Identifying roles and anomalies

Beyond this, Cyral can identify users behind shared roles and service accounts to tag all activity with the actual user identity, enabling policies to be specified against them. And it can perform baselining and anomaly detection, analyzing aggregated activity across data endpoints and generating policies for normal activity, which can be set to alert or block anomalous access.

“Cyral is built on a high-performance stateless interception technology that monitors all data endpoint activity in real time and enables unified visibility, identity federation, and granular access controls. [The platform] automates workflows and enables collaboration between DevOps and Security teams to automate assurance and prevent data leakage,” the spokesperson said.

Cyral

Existing investors, including Redpoint, Costanoa Ventures, A.Capital, and strategic investor Silicon Valley CISO Investments, participated in Cyral’s latest funding round. Since launching in Q2 2020, Cyral — which has 40 employees and occupies a market estimated to be worth $5.7 billion by 2025, according to Markets and Markets — says it has nearly doubled the size of its team and close to quadrupled its valuation.

“This is an emerging market with no entrenched solutions … We’re now working with customers across a variety of industries — finance, health care, insurance, supply chain, technology, and more. They include some of the world’s largest organizations with complex environments and some of the fastest-growing tech companies,” the spokesperson said. “With Cyral, our company was built during the pandemic. We have grown the majority of our company during this time, and it has allowed us to start our company with a remote-first business model.”

VentureBeat

VentureBeat’s mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:

  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more

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Source: https://venturebeat.com/2021/05/13/data-governance-and-security-startup-cyral-raises-26m/

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