Chris Ehrlich

BOSTON — The product experience management (PXM) company Akeneo is welcoming a leader to its C-suite. Akeneo hired Mark Holenstein as its chief operating officer, according to the company last month.  Holenstein is responsible for the sales, marketing, and customer service departments and overseeing Akeneo’s “aggressive growth strategy” in the U.S., Europe, and Asia Pacific. […]

SALT LAKE CITY — The strategic intelligence company Strider Technologies closed $45 million in Series B financing.  The round was led by Valor Equity Partners, with participation from existing investors DataTribe, Koch Disruptive Technologies, and One9 Ventures, according to Strider Technologies last month.  Costa Saab, CTO at Valor Equity Partners, will join Strider’s board. Strider […]

HERZLIYA, Israel and SAN FRANCISCO — The mobility intelligence company Otonomo Technologies acquired the vehicle telematics company The Floow. Otonomo closed on its acquisition of U.K.-based The Floow, according to Otonomo last month.  Otonomo purchased The Floow for cash and stock valued at about $69 million, including a performance-based earnout of up to $37.5 million.  […]

FISHERS, Ind. — The workforce productivity platform Formstack is welcoming two C-suite executives. Formstack hired Rob Lawrence as chief operating officer and Richard Yu as chief product officer, according to the company this month. Lawrence will lead Formstack’s go-to-market strategy and oversee sales, marketing, and partner teams.  Yu will guide the vision, organization, and development […]

SAN JOSE, Calif. — The cloud data management company Panzura raised $80 million in Series B financing. The round included funding from Kayne Partners, a private equity group of Kayne Anderson Capital Advisors, and CIBC Innovation Banking, according to Panzura this month. Panzura will use the funding to scale operations to continue serving enterprise customers, […]

NEW YORK and TEL AVIV, Israel — The machine health company Augury is acquiring the artificial intelligence (AI) company Seebo.  Augury is buying Seebo with cash and stock “valued between” $100 million and $200 million, according to Augury this month. The transaction is expected to close at the end of May.  Seebo’s founders, Lior Akavia […]

REDWOOD CITY, Calif. — The data analytics software provider Sumo Logic is welcoming two C-suite executives. Sumo Logic hired Tej Redkar as its chief product officer, a new position, and Sophie Kitson as its chief human resources officer, according to the company this month.  They will be members of the company’s senior executive team and […]

BERKELEY, Calif. — The relational knowledge graph company RelationalAI closed its $75 million Series B financing round.   RelationalAI’s round was led by Tiger Global, with participation from existing investors Madrona Venture Group, Addition, and Menlo Ventures, according to the company last month. To date, RelationalAI has raised $122 million in financing. The company, founded in […]

COLUMBIA, Md. — The cyber risk company Tenable is acquiring the attack surface company Bit Discovery.  Tenable (Nasdaq: TENB) signed an agreement to acquire Santa Clara, California, based-Bit Discovery, a specialist in external attack surface management (EASM) software, according to Tenable last month.  Tenable will acquire Bit Discovery for $44.5 million in cash, subject to […]

WALLDORF, Germany — SAP is rolling out sets of packaged services for some of its products. SAP released its SAP Business Journeys line of services, which each feature a predefined scope, timeline, and cost, according to the company last month. Each set of services is intended to deliver “targeted outcomes,” by combining SAP expertise to […]