Accel

Accel Invests in Qualtrics Alongside Silver Lake and CPP Investments

Retrieved on: 
Wednesday, June 28, 2023
Technology, Finance, Consulting, Marketing, Communications, Professional Services, Software, Internet, Data Management, Asset Management, CPP Investment Board, IPO, Partnership, Experience management, Investment, SAP, History, Silver, XM, CPP, Acquisition, Growth, Security (finance), Qualtrics, Accel

Accel, a global venture capital firm, and Silver Lake, the global leader in technology investing, today announced that Accel has made a $500 million investment alongside Silver Lake and Canada Pension Plan Investment Board (CPP Investments) in the previously announced $12.5 billion acquisition of Qualtrics, the leader and pioneer of the Experience Management (XM) software category.

Key Points: 
  • Accel, a global venture capital firm, and Silver Lake, the global leader in technology investing, today announced that Accel has made a $500 million investment alongside Silver Lake and Canada Pension Plan Investment Board (CPP Investments) in the previously announced $12.5 billion acquisition of Qualtrics, the leader and pioneer of the Experience Management (XM) software category.
  • And that’s the role Ryan Sweeney and Accel have played for Qualtrics – supporting our incredible growth and success over the past decade,” said Ryan Smith, Qualtrics Founder and Executive Chairman.
  • “We deeply value our longstanding relationship with Ryan, Zig and Qualtrics as one of their first institutional investors,” said Ryan Sweeney, Partner at Accel.
  • “We are thrilled and honored to have Accel join us and CPP Investments as investors in Qualtrics,” said Egon Durban, Co-CEO of Silver Lake.

Correlation Ventures Announces the Close of its Third Fund and Additions to Partnership

Retrieved on: 
Tuesday, June 27, 2023
Pre-IPO, IPO, Naukri.com, Nomi, Empower, Institutional Venture Partners, Pension, Dwight (The Walking Dead), First Round Capital, LP record, M&A, Correlation, Investment, SAN, VCS, Sanofi, Muhammad bin Tughluq, Databricks, Accel, Growth, SVP, VC, Salesforce, NYSE, IonQ, Financial services, Cryptocurrency, Marketing, Experian, Partner

SAN DIEGO and SAN FRANCISCO and NEW YORK, June 27, 2023 /PRNewswire/ -- Correlation Ventures, the U.S. venture industry's AI pioneer and leading co-investor, announced the close of Correlation III, a $130M US venture capital fund. Correlation now has approximately $500M under management. The firm's investors (limited partners) include leading endowments, pensions, funds of funds and family offices. Upon formally announcing the closing of Correlation III, the firm also announced the promotion of two key members of their team, Wesley Barrow and Moiz Saifee, to Partner.

Key Points: 
  • Upon formally announcing the closing of Correlation III, the firm also announced the promotion of two key members of their team, Wesley Barrow and Moiz Saifee, to Partner.
  • With Correlation III, the firm intends to continue its track record of co-investing in private, US venture-backed companies positioned to become industry leaders.
  • Correlation pioneered the use of predictive analytics to make investment decisions in U.S. venture.
  • Correlation is one of the most active venture firms in the industry, typically making about one new investment each week.

Cyera Secures $100 Million Series B Investment to Become the Data Security Platform Enabling the AI Revolution

Retrieved on: 
Tuesday, June 27, 2023
Intellectual property, Communication, Software as a service, Platform as a service, Infrastructure as a service, Natural language processing, Sequoia, Mercury, Policy, ChatGPT, United Talent Agency, Intelligence, CISO, DLP, Privacy, McKinsey & Company, Traction, Machine learning, Data, Risk, SAN, Accel, Growth, AI, CXO, Ciso, Cryptocurrency, Sales

SAN MATEO, Calif., June 27, 2023 /PRNewswire/ -- Cyera, the data security company, today announced a $100 million Series B investment led by Accel with participation from existing investors Sequoia and Cyberstarts. Redpoint Ventures also joined as an investor. This brings the company's total funding to $160 million since emerging from stealth in March of 2022. In the past year, Cyera has gained significant traction among S&P 500 enterprises, growing revenue by 800%, as security teams prioritize data security across their hybrid cloud environments.

Key Points: 
  • He said, "Cyera's AI-powered data security platform is enabling us to infuse data literacy into our cloud development and security strategy."
  • Cyera has built an AI-powered data security platform that is revolutionizing data security for the cloud era.
  • Cyera has been recognized for its innovative approach to data security winning a number of industry awards including the 2022 CISO Choice Award for Data Security, Best Enterprise Data Loss Prevention (DLP) Solution, and 2023 Data Security Platform of the Year.
  • This new investment will enable Cyera to accelerate the development of its data security platform and global go-to-market initiatives.

TEDCO Portfolio Company, Blackpoint Cyber, Successfully Exits

Retrieved on: 
Thursday, June 22, 2023
Organization, Growth, Ecosystem, Member of the Scottish Parliament, Unitus Seed Fund, Cryptocurrency, Accel

COLUMBIA, Md., June 22, 2023 /PRNewswire/ -- TEDCO, Maryland's economic engine for technology companies, announced the successful exit of its portfolio company, Blackpoint Cyber (Blackpoint), an Ellicott City, Md.-based, technology-focused cybersecurity company providing its security ecosystem via managed service providers (MSPs). Blackpoint received a $190 million growth investment led by Bain Capital Tech Opportunities, with participation from Accel and others.

Key Points: 
  • COLUMBIA, Md., June 22, 2023 /PRNewswire/ -- TEDCO , Maryland's economic engine for technology companies, announced the successful exit of its portfolio company, Blackpoint Cyber (Blackpoint), an Ellicott City, Md.-based, technology-focused cybersecurity company providing its security ecosystem via managed service providers (MSPs).
  • Blackpoint received a $190 million growth investment led by Bain Capital Tech Opportunities, with participation from Accel and others.
  • In 2018, TEDCO invested $200,000 in Blackpoint to support the growth and development of the company whose goal is to provide effective, affordable real-time threat detection and response to organizations worldwide.
  • "We are very appreciative of TEDCO for having interest and investing in our company at an early stage," said Jon Murchison, CEO and founder of Blackpoint Cyber.

World View Names New Chief Financial Officer and Appoints New Member to Its Board of Directors

Retrieved on: 
Tuesday, June 20, 2023
Technology, Air, Transport, Satellite, Aerospace, Manufacturing, Other Travel, Destinations, Travel, Astronaut, National Aeronautic Association, University, Worldview, Senior, NASA Distinguished Public Service Medal, Agriculture, Policy, Risk management, General partnership, Independent director, MBA, Multimedia, Research, Air Line Pilots Association, International, NASA Distinguished Service Medal, International Space University, Former, Accounting, Government, Economics, Organization, Climate change, American Astronautical Society, NASA, Tuskegee University, CFO, Wideman, Management, Communications satellite, Accel, Woman

World View , a global leader in stratospheric exploration and flight, today announced Stephen Wideman as Chief Financial Officer (CFO) and former World View Exploration and Tourism Advisory Board (ExTAB) member Lori Garver to its Board of Directors.

Key Points: 
  • World View , a global leader in stratospheric exploration and flight, today announced Stephen Wideman as Chief Financial Officer (CFO) and former World View Exploration and Tourism Advisory Board (ExTAB) member Lori Garver to its Board of Directors.
  • Wideman brings three decades of expertise in the financial industry that will help ensure fiscal responsibility to support World View’s enterprise growth initiatives.
  • More recently, Wideman served as Senior Vice President and Chief Financial Officer at Erickson Incorporated, a leading provider of aviation services.
  • World View continues to bring its remote sensing capabilities to new industries and markets around the world.

AI Video Creation Pioneer Synthesia Raises $90 Million Series C Led by Accel

Retrieved on: 
Tuesday, June 13, 2023
Software, Technology, Audio, Video, Artificial Intelligence, University College London, UCL, United Nations, Partnership, Life, Marketing, GV, Institute of technology, Synthetic media, Research, Partnership on AI, NVIDIA, United, IHG, HR, VCS, PAI, Accel, R, ROI, TUM, Video game, Synthesia, AI

Synthesia , the world’s leading AI video creation platform for enterprises, has raised $90 million in Series C funding to continue its work to make video production simple and intuitive without the need for cameras or studios.

Key Points: 
  • Synthesia , the world’s leading AI video creation platform for enterprises, has raised $90 million in Series C funding to continue its work to make video production simple and intuitive without the need for cameras or studios.
  • “We’ve made great strides toward our vision to make video easy for everyone, but there’s still a long way to go.
  • In addition to partnering with top-tier VCs and strategic investors, the new capital will allow Synthesia to accelerate its cutting-edge AI research.
  • Since its founding in 2017, Synthesia has been solving some of the toughest challenges in AI, building its core technology in-house.

Process Street Releases Process AI, a ChatGPT Powered Next-Gen Process Platform

Retrieved on: 
Friday, June 9, 2023
Process, ChatGPT, Android, MIT, IOS, Engineering, HR, UX, Knowledge, Accel, Salesforce, AI, Real estate, Medical device, Collier, Finance

Process Street today announced the release of Process AI, a next-gen business process management platform powered by AI and ChatGPT. AI will allow customers to perform advanced automations, math equations, text formatting, location routing, translation, summarization, sentiment analysis and a myriad of other business tasks.

Key Points: 
  • San Francisco, California--(Newsfile Corp. - June 9, 2023) - Process Street today announced the release of Process AI, a next-gen process management platform powered by AI and ChatGPT.
  • Process Street releases Process AI, a ChatGPT powered Next-gen process platform
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    "We saw teams worldwide throwing away their work, wasting precious time and resources running project after project, making the same mistakes over and over.
  • Process Street is now excited to announce the next evolution of its product from a workflow management tool to an AI-powered process platform.
  • Process Street is offering a free trial of Process AI which Process Street is offering a free trial of Process AI which is available as of today.

Blackpoint Cyber Secures $190 Million Growth Investment from Bain Capital Tech Opportunities and Accel

Retrieved on: 
Thursday, June 8, 2023
Bain Capital, American Express, SolarWinds, Intelligence, SOC, MSP, Security operations center, MDR, Member of the Scottish Parliament, Partner, Palo Alto Networks, Risk, ExtraHop Networks, Barracuda Networks, Gen Digital, Growth, National Security Agency, Cyberattack, Risk management, Accel

ELLICOTT CITY, Md. and BOSTON, June 8, 2023 /PRNewswire/ -- Blackpoint Cyber (Blackpoint), a leading, technology-focused cybersecurity company providing its advanced security suite via managed service providers (MSPs), today announced it has received a $190 million growth investment led by Bain Capital Tech Opportunities, with participation from Accel. Bain Capital Tech Opportunities and Accel join existing investors including Adelphi Capital Partners, Telecom Ventures, Pelican Ventures and WP Global Partners. The investment will be used to fund further development of Blackpoint's security technology and enable its MSP partners to combat a constantly changing threat landscape.

Key Points: 
  • and BOSTON, June 8, 2023 /PRNewswire/ -- Blackpoint Cyber (Blackpoint), a leading, technology-focused cybersecurity company providing its advanced security suite via managed service providers (MSPs), today announced it has received a $190 million growth investment led by Bain Capital Tech Opportunities , with participation from Accel .
  • Bain Capital Tech Opportunities and Accel join existing investors including Adelphi Capital Partners , Telecom Ventures, Pelican Ventures and WP Global Partners .
  • The investment will be used to fund further development of Blackpoint's security technology and enable its MSP partners to combat a constantly changing threat landscape.
  • William Blair acted as exclusive financial advisor to Bain Capital Tech Opportunities.

Cyera Integrates OpenAI to Accelerate Multi-Cloud Data Security, Privacy and Governance

Retrieved on: 
Tuesday, June 6, 2023
Policy, SAN, LLM, Accel, PHI, AI, OpenAI, Risk, Privacy, Machine learning, Cryptocurrency, Medical device

SAN MATEO, Calif., June 6, 2023 /PRNewswire/ -- Cyera, the data security company, today announced its integration with Azure OpenAI. The integration enables Cyera customers to make faster, more informed decisions about data security, privacy, and governance.

Key Points: 
  • SAN MATEO, Calif., June 6, 2023 /PRNewswire/ -- Cyera, the data security company, today announced its integration with Azure OpenAI.
  • The integration enables Cyera customers to make faster, more informed decisions about data security, privacy, and governance.
  • Cyera's data security platform empowers security teams to take confident, swift action by automatically deriving business context and understanding the intent behind the data being managed.
  • Adding the expansive training data and cognitive capabilities offered by Azure OpenAI will accelerate the innovative approach Cyera has taken to securing data in the cloud."

ServiceTitan Appoints Dave Sherry as Chief Financial Officer

Retrieved on: 
Wednesday, May 31, 2023
Professional Services, Data Management, Technology, Other Technology, Finance, Software, Pest control, Speed of light, Stanford University, MBA, A-Boy Plumbing & Electrical Supply, McKinsey & Company, TPG, HVAC, CFO, Accel, Growth, Trade, Electricity, Management, Green

ServiceTitan , a software platform built to power the trades, today announced Dave Sherry as its new Chief Financial Officer (CFO).

Key Points: 
  • ServiceTitan , a software platform built to power the trades, today announced Dave Sherry as its new Chief Financial Officer (CFO).
  • Prior to that, Dave served as CFO at Lightspeed, a vertical software company focused on the retail and restaurant industries.
  • “I see so much opportunity in the Trades industry, which I wholeheartedly believe deserves the most advanced software solutions that so many other sectors are already afforded,” said Dave Sherry, CFO of ServiceTitan.
  • Dave will also focus on evaluating integrations, identifying opportunities for growth in new markets, and expanding ServiceTitan’s presence across the entire Trades industry.