On DriveScale specifically, the judges acknowledged its SCI solution as a “truly powerful software” that “can pave the way for true change in the space.” On standing out in a crowded industry they commented, “It is really commendable to make an impression in the overcrowded data center support market…”
Canopy, a cloud-based practice management system for accountants and tax professionals, has received $42 million in its latest funding round. “We have seen significant demand from both the investor community and customers to offer a better solution than what is currently available in the market,” said Canopy CEO Kurt Avarell in a statement. Canopy plans to use the funding to further develop the pipeline
Baby sock monitor company Owlet announced a $24 million Series B funding round. “As a company of parents, it is important to us to bring innovative technology into a family’s everyday life,” Co-Founder Kurt Workman said. “This new round of funding will enable us to expand our product line and explore ways to support the health and wellness of families at all stages, from pregnancy on…
Divvy is positioned to be the one stop shop for business spending. “We are removing barriers of entry by providing a free, yet powerful, solution for businesses as they spend. We’re passionate about helping every business spend smarter.” said Blake Murray, CEO of Divvy. Since launching its product in January 2018, Divvy boasts tens of thousands of users and hundreds of companies using the platform.
Fast Company announced the winners and finalists of its World Changing Ideas Awards. Among those honored is Deserve. As its machine learning platform helps build financial independence for thousands, they were named a leader in the consumer products category.
Walking through the airport, you look up at the big screen to find your gate. But this is no ordinary public display. Rather than a list of arrivals and departures, you see just your flight information, large enough to view from a distance. Other travelers who look at the same screen, at the same time, see their flight information instead.
Tax resolution software Canopy raised an addition $30 million in new Series B financing led by Silicon Valley-based New Enterprise Associates, announced this week. Wells Fargo Strategic Capital, Pelion Ventures, University Growth Fund, and EPIC Ventures also participated in the round. This latest round of funding brings the company’s aggregate total funds raised to $60 million.
Co-founder Preston Alder says he came up with the idea for the business when he was a student about to move to Peru for a summer internship and needed to find a nearby place to store his stuff — but didn’t want to fork out on traditional storage costs. On the two hour drive to a friend’s house who had agreed to store his stuff, he realized there were probably a lot of people with extra storage…