Cybersecurity unicorn Cloudflare is likely to transition to the public markets in the first half of 2019 in what is poised to be a strong year for IPOs in the security industry. The web performance and security platform is said to be preparing for an IPO at a potential valuation of more than $3.5 billion after last raising capital in 2015 at a $1.8 billion valuation.
Alternative methods to gauge an applicant’s risk are being developed and used to offer cards that don’t require a security deposit and look beyond a traditional credit score. Deserve, which began offering cards in 2017, has three cards: the Deserve Classic for people new to credit, the Deserve Edu for students and the Deserve Pro for people with limited credit.
New patent furthers Neurala’s mission to develop AI that learns in the same way that humans do. Award-winning AI company Neurala announced that it has been awarded a new patent for technology that will enable AI to make sense of its environment based on multiple sensory inputs, in the same way as the human brain works.
“The exciting growth of Arcadia Data highlights the work we’ve done as a company. Our positive trajectory emphasizes the quickly-growing need for products like those which Arcadia Data provides” said co-founder and CEO Sushil Thomas. Arcadia Data has grown 500 percent in the last two years, and touts more than 2,500 customers using Arcadia Instant.
“We’re excited to have a partner like Pelion who share our values, our passion, and provide the know-how and network to help us accelerate growth”, says Vinod Muthukrishnan, CEO & Founder. “In less than 2 years, we’ve taken market share from older, established players; drawn attention & coverage from the leading analyst firms, and have partnerships with industry behemoths including Microsoft and Nielsen.”
Strala announces the availability of the Strala Experience Data Tracking Platform™ optimizing how marketers define, automate, and use experience and campaign marketing data to make better marketing choices. “There is a direct relationship between the data marketers need to solve these problems and ‘how’ and ‘what’ they track,” says Strala co-founder and CEO Mikel Chertudi…
Kalpesh Kapadia, CEO and founder of Deserve — announces today a $17 million round of funding led by lending mega-giant Sallie Mae, with participation from early Facebook investor Accel, Pelion, Aspect Ventures, and Mission Holdings. “Everything works around building good credit history,” said Kapadia. “Building good credit is a weapon, it’s a tool that can advance your entire life.”
The fresh injection of capital is notable given that Divvy launched its first product out of beta just six months ago. Divvy with more than 700 companies signed up as customers plans to use the new round of funding to build a regional sales team in California — its first outside of Utah — as well as adding to its product, marketing, and engineering teams.