Enterprise Weekly #404: Our Recap of re:Invent, ROI Calculator, and More
AWS re:Invent was back in-action this week with over 50,000 people (compared to 21,000 last year), and we had our own Jon Lehr and Daniel Chesley as boots on the ground in Vegas.
CEO Adam Selipsky kicked off addressing the market downturn. During his opening keynote, he acknowledged customers’ temptation to “cut back or slow down'' on cloud spending (a key theme in the company’s last earning call where they reported slowing cloud revenue growth).
As usual, a slew of new capabilities were launched. Some that stood out to us:
Zero-ETL integrations: This will give customers the ability to move data without having to perform ETL between services, starting with Aurora and Redshift, along with a similar integration between Redshift and Apache Spark. While we don’t anticipate this gobbling up Fivetran or Airbyte, we’re excited to see how this minimizes developers’ manual data integration labor.
SnapStart: This will create an encrypted snapshot of the memory, disk state and cache that can be reused by Lambda when started up again. Cold start times have always been a thorn in the side of serverless, so this may give the necessary boost to move more workloads to Lambda.
DataZone: Powered by ML, this will allow customers to build their own data catalogs with searchable metadata and fine-grained controls to manage and govern their data. The data catalog space has been heating up lately as it empowers folks across the business to discover, use, and collaborate with enterprise data. However, competitors abound with tools like Alation, Collibra, and other emerging startups like Atlan, Stemma, and Acryl Data, all trying to claim the market.
Check out even more re:Invent commentary👇
Lastly, as sellers get more scrutiny in today's budget constrained environment, we created a Business Value Calculator to help flex the ROI of their offerings vs. a home-grown solution and arm them with the details of how the product will impact the prospect’s business and why now more than ever is the right time to buy.
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Company: Arthur
Role: Technical Project Manager
Technology: AI Monitoring & Explainability
Funding: $60.3M from Work-Bench, Index Ventures, Acrew, Plexo Capital, Homebrew
🌟 Company of the Week 🌟
Frame AI raises $7.6M led by G20 Ventures
Future of Work • Venture • New York, NY
Founder: George Davis (CEO)
Upollo raises $2.8M led by Index Ventures
Future of Work • Seed • Australia
Metaspectral raises $4.7M led by Soma Capital, Acequia Capital and others
Data / AI / Machine Learning • Venture • Vancouver, Canada
Secjur raises $5.8M led by Visionaries Club
Risk / Security • Seed • Germany
Clerk raises $6.2M led by Andreessen Horowitz
Infrastructure / Dev Tools • Seed • San Francisco, CA
Acerta Analytics Solutions raises $8M led by Industrial Innovation and Thrive Venture Funds
Data / AI / Machine Learning • Seed • Kitchener, Canada
Diffblue raises $8M led by Albion VC
Infrastructure / Dev Tools • Venture • Oxford, UK
Pinata raises $10M led by M13 and Bullpen Capital
Future of Work • Series A • New York, NY
FrankieOne raises $15.6M led by Greycroft and AirTree Ventures
Risk & Security • Series A+ • Melbourne, Australia
Shield raises $20M led by Macquarie Capital
Future of Work • Series B • Tel Aviv, Israel
HYPR raises $25M led by Advent International
Risk / Security • Series C • New York, NY
Pangea Cyber raises $26M led by GV
Risk & Security • Series B • Palo Alto, CA
Sphere raises $31M led by Edison Ventures
Risk & Security • Series B • Newark, NJ
Zylo raises $31.5M led by Baird Capital
Future of Work • Series C • Indianapolis, IN
V7 Labs raises $33M led by Radical Ventures and Temasek
Data / AI / Machine Learning • Series A • London, UK
Teampay raises $35M led by Fin Venture Capital
Future of Work • Series B • New York, NY
Deepgram raises $47M led by Madrona
Data / AI / Machine Learning • Venture • Ann Arbor, MI
WorkJam raises $50M led by Fonds de solidarité FTQ and Inovia Capital
Future of Work • Series D • Montreal, Canada
Dropbox acquires Boxcryptor for an Undisclosed Amount
Risk / Security • Acquisition • Augsburg, Germany
Sentry acquires Codecov for an Undisclosed Amount
Infrastructure / Dev Tools • Acquisition • San Francisco, CA