Google invests in India, IBM and Wipro expand in Brazil, UiPath valuation crosses $10B, new HPE acquisition and other exciting news in technology this week.
FINTECH
Google Invests $10 billion in India’s Digital Future
Google CEO Sundar Pichai announcedOpens a new window a $10 billion Google for India Digitization Fund to help accelerate India’s digital economy. He mentioned in a virtual eventOpens a new window that the funds would help make technological advancements and innovation more accessible.
LeanIX Raises $80M in Series D
LeanIXOpens a new window received a funding of $80 million in its Series D funding round led by investor Goldman Sachs Growth, along with Insight Partners and DTCP, Capnamic Ventures and Iris Capital. The new capital will strengthen LeanIX’s position as a visionary provider of Software-as-a-Service for Enterprise Architecture (EA).
MariaDB Bags $25M For SkySQL Operations
MariaDB CorporationOpens a new window , the database innovation company, announced funding of $25 million for the expansion and development of the cloud database. SmartFin Capital led the round while GP Bullhound and existing investors of the company participated in it.
Tech News: Key Tech Hires: Week of July 13, 2020Opens a new window
UiPath Completes Series E with $225M
Robotic process automation company UiPathOpens a new window reached a $10.2 billion valuation after its recent Series E funding round of $225 million led by Alkeon Capital Management. The finances will enable the company to drive innovation and scale opportunities in innovation.
Speaking to Toolbox about its evolving business and new funding, Ashim Gupta, Chief Financial Officer, said, “The business climate has never been so competitive, and companies need to be strategic, efficient, and agile to survive. Increasingly, organizations are investing in automation to not only drive productivity but establish digital workflows that will withstand whatever comes our way next. Companies know that the time to automate is now. To meet the mounting demand for automation and agile operations, UiPath is committed to helping every business become a software business. We launched our market-leading hyper-automation platform earlier this year to set companies on the path to true digital transformation, and will use this funding to advance our platform and expand our cloud offerings.â€
NS1 Closes Series D Brings Total Funding to $125M
Application and access networking company NS1Opens a new window has raised $40 million in Series D funding round led by Energy Impact Partners (EIP). The funding will fuel the innovation and development of modern foundational technologies that power the connected economy. At the end of Series D, NS1’s funding has reached $125 million.
TileDB Fuels Database Innovation with Another $15M
TileDBOpens a new window , the company innovating databases for analytics professionals and data scientists, has secured $15 million in Series A funding round led by Two Bear Capital and with participation from Uncorrelated Ventures, Nexus Venture Partners, Intel Capital, and Big Pi Ventures. The capital will expand markets and enhance product development of the company’s universal data engine.
Tech News: Latest Tech Funding, Partnership, Merger & Acquisition News: Week of July 6, 2020Opens a new window
PARTNERSHIP, MERGER & ACQUISITION NEW
IBM Expands RPA Capabilities in Brazil
IBMOpens a new window is acquiring Brazil-based RPA software provider WDG Soluções Em Sistemas E Automação De Processos LTDA (referred to as WDG Automation). The acquisition will help to build AI-infused automation capabilities spanning business processes to IT operations.
“IBM’s announcement of its planned acquisition of WDG Automation will further validate the role of RPA as an essential and sustainable tool in the enterprise automation arsenal. Enterprises look to IBM as a trusted partner to supply technology that runs the core of their business. With WDG part of the family and integrated into IBM solutions for automation of business operations and IT management, IBM will bring RPA technology to the heart of the enterprise,†shared Michael Gilfix, vice president, Cloud Integration, IBM, while speaking to Toolbox.
HNI Corporation Taps Ascend.io For Faster Data Analytics
Workplace furnishings and residential building products company HNI Corporation will be deployingOpens a new window data engineering company Ascend.io’s The Ascend Unified Data Engineering Platform. The for modern data pipelines will enable users to receive faster data analytics that helps in making strategic business decisions.
Ascend.io co-founder and CEO, Sean Knapp, in conversation with Toolbox, said, “Data initiatives have become strategic imperatives for every company, across every industry, yet data engineering has emerged as a clear bottleneck. With today’s technology, there’s no reason data initiatives should be stalled by ‘plumbing.’ Data pipeline automation frees companies from data engineering burdens to refocus precious time and talent on delivering business value.â€
Tech News: Latest Tech Product Launches in AI, Big Data, Cloud and More: Week of July 6, 2020Opens a new window
Exabeam Tracking Down IoT Devices with Armis Partner
SIEM company ExabeamOpens a new window has partnered with agentless enterprise IoT security provider Armis Partner to enable organizations to identify unmanaged IoT devices and monitor the activities of these devices for any malicious behavior from a single platform.
Twilio Acquires Electric Imp
Twilio announced that they would be acquiringOpens a new window IoT startup Electric ImpOpens a new window . The acquisition brings together a reliable global community and a mature application platform that helps users build IoT solutions quickly. The combination empowers the development of broader and better IoT solutions.
Tech News: Latest Tech Funding, Partnership, Merger & Acquisition News: Week of July 6, 2020Opens a new window
Wipro Acquires Brazil-based IT Service Provider
Information technology company Wipro LimitedOpens a new window , announced the acquisition of Brazil-based IT solutions provider IVIA Serviços de Informática Ltda. The addition will open the Brazilian market to Wipro and enable the company to bring global experience to the local market.
Spot becomes Part of NetApp
Cloud data service company NetAppOpens a new window has acquired Spot, compute management and cost optimization provider for the public cloud. Spot by NetApp® will deliver application-driven infrastructures (ADIs), cloud infrastructures that deploy analytics and machine learning to adapt to applications’ needs. It also helps in driving cloud resource optimization in real-time, for both compute and storage.
HPE Enhances Edge-to-Cloud strategy with Silver Peak Acquisition
Hewlett Packard EnterpriseOpens a new window , the global edge-to-cloud platform-as-a-service company, has acquired the SD-WAN company Silver Peak for $925 million. HPE will integrate Silver Peak with its Aruba Business unit expanding the extent of SD-WAN space.
What do you think of this week’s Funding, Partnership, and M&A roundup? Let us know on TwitterOpens a new window , FacebookOpens a new window , and LinkedInOpens a new window . We’d love to hear from you!