What's Hot in Enterprise IT/VC - Issue #88
GDPR and AI all the rage this week as portfolio co BigID raises another $30mm led by Scale Venture Partners to help solve the GDPR problem, California passes one of the strictest data privacy laws which also means that this will likely come state by state; on the AI front Matt Turck from FirstMark has published his updated landscape, a great blog post from Costanoa on vertical ML, and a Wired article on insurers using ML to prevent fraud - Happy 4th and Happy Canada Day!
BigID scores $30 million Series B months after closing A round – TechCrunch
congrats to BigID (a portfolio co) on their $30mm raise, GDPR is fast becoming a real market and this will help it maintain its lead to find, manage and secure PII at large enterprises
Scaling Startups
Why Series As are Much Easier to Raise in 2018 than the Past 5 Years
Insightful post from Tom Tunguz at Redpoint on dynamics of venture market and data supporting longer lead time to go from seed to A, net is seed rounds are larger, teams can get more done, Series A investors have more proof points
How Old Are Successful Tech Entrepreneurs?
counterintuitive to the Silicon Valley myth of younger is better but this study says 40 year old founders are the way to go
insight.kellogg.northwestern.edu • Share
Enterprise Tech
The Power of Vertical Machine Learning Startups – Costanoa Ventures – Medium
it’s about the data vs horizontal ML models which the big cos do well - totally agree here
Insurers turn to artificial intelligence in war on fraud
more on specific vertical ML with data at heart of better training - “Machine learning is helping the insurance industry flag suspicious claims–and even crawl through social media accounts to find fraud.”
Great Power, Great Responsibility: The 2018 Big Data & AI Landscape – Matt Turck
Matt Turck from FirstMark with his annual refresh on Big Data/AI
California just passed one of the toughest data privacy laws in the country - The Verge
GDPR all over Europe but hitting US state by state, what happens in Cali means others will follow- The California Data Privacy Protection Act is set to dramatically change how businesses handle data in the most populous state.
Why you should not use Google Cloud. – Punch a Server – Medium
a warning for businesses building on Google Cloud - “this is about the “no-warnings-given, abrupt way” they pull the plug on your entire systems if they (or the machines) believe something is wrong. This is the second time this has happened to us.”
IBM will release 1 million images to better train facial recognition AI algorithms - Axios
awesome for responsible AI - “IBM thinks making a diverse dataset available will help root out bias.”
Markets
Tenable files to go public - Business Insider
another security co filing to go public, Zscaler crushing it in the public markets, more acquirers now for all of those cyber startups funded
www.businessinsider.com • Share
Domo out above it’s IPO price despite the massive burn and concerns around the business
By Ed Sim
Ed Sim's weekly readings and notes on VC, software, and scaling startups - #enterprise #seed #DeveloperFirst #IntelligentAutomation #DataInfra #CloudNative #Cybersecurity
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