Enterprise Weekly #513: Microsoft x Open AI Gets Real, AI Earnings Send a Signal and More 💰
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Happy Friday 👋🏽
Enterprise earnings this week made one thing clear: GenAI has crossed the line from experimentation to enterprise line item.
On its earnings call, Microsoft reported that Azure and other cloud services grew 33% YoY. While exact numbers weren’t disclosed, AI services were highlighted as a major growth driver. GitHub Copilot has surged to 15M users (up 4x YoY), and its code review agent has processed over 8M pull requests. As of late last year, ~60% of the Fortune 500 were using Microsoft 365 Copilot, reflecting widespread enterprise traction.
A WSJ report this week revealed how deeply Microsoft is tied to Open AI, co-owning enterprise field sales, cloud infrastructure and product bundling, signaling that Microsoft isn’t just a partner but possibly OpenAI’s GTM engine.
Google Cloud also reported strong results, with revenue up 28% YoY to $12.3B, fueled by GenAI demand and its custom TPU stack. Gemini usage has also doubled to over 4.4M developers in six months, and Vertex AI usage is up 20x YoY.
AWS reported $29.1B in revenue, up 17% YoY, as CEO Andy Jassy highlighted new ML model additions to Amazon Bedrock in a continued push to expand its GenAI offerings.
This is proof that the clouds aren’t just hosting AI - they are selling it, and distributing it across the enterprise. For startups, that raises the bar: you are not just competing on tech, you are up against embedded distribution. The white space is where the hyperscalers are too broad: into domain-specific use cases, faster deployment paths and clear business outcomes.
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VentureBeat: Salesforce takes aim at ‘jagged intelligence’ in push for more reliable AI
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Company: ShiftRx
Role: Founding Engineer
Technology: AI Healthcare Staffing Platform
Funding: $3.5M from Work-Bench, Inflect Health, Tau, and Opal Ventures
🌟 Company of the Week 🌟
Structify raises $4.1M led by Bain Capital Ventures
Data / AI / Machine Learning • Seed • New York, NY
Co-Founders: Alex Reichenbach, Ronak Gandhi and Alex Goldstein
Dex raises $3.1M led by a16z and Concept Ventures
HR Tech • Pre-Seed • London, UK
Blacksmith raises $3.5M led by Google Ventures and Y Combinator
Infrastructure / Dev Tools • Seed • San Francisco, CA
Solda.AI raises $4M led by Accel
Sales / Marketing • Seed • Middletown, DE
GigSafe raises $4.8M led by Brand Foundry Ventures and Informed Ventures
HR Tech • Venture • Austin, TX
Swivel raises $5.8M led by Tribeca Venture Partners and Ardent Venture Partners
Sales / Marketing • Series A • New York, NY
SixMap raises $7M led by IAG Capital Partners
Risk / Security • Venture • Columbia, MD
TeamOhana raises $7.5M led by Lerer Hippeau and Collide Capital
HR Tech • Seed • San Francisco, CA
Hopper raises $7.6M led by Meron Capital and New Era
Risk / Security • Seed • New York, NY
LayerX raises $11M led by Jump Capital
Risk / Security • Series A • New York, NY
NetFoundry raises $12M led by SYN Ventures
Risk / Security • Series A • Charlotte, NC
Manifest raises $15M led by Ensemble VC
Risk / Security • Series A • Westport, CT
Gruve.ai raises $20M led by Mayfield
Data / AI / Machine Learning • Series A • Redwood City, CA
P-1 AI raises $23M led by Radical Ventures
Data / AI / Machine Learning • Seed • San Francisco, CA
Reducto raises $24.5M led by Benchmark
Future of Work • Series A • San Francisco, CA
Nuvo raises $34M led by Sequoia Capital and Spark Capital
Sales / Marketing • Series A • San Francisco, CA
Minimus raises $51M led by YL Ventures and Mayfield
Risk / Security • Seed • Baton Rouge, LA
Supio raises $60M led by Sapphire Ventures
Future of Work • Series B • Seattle, WA
Utilidata raises $60.3M led by Renown Capital Partners
Data / AI / Machine Learning • Series C • Providence, RI
Canopy raises $70M led by Viking Global Investors
Future of Work • Series C • Salt Lake City, UT
Lightrun raises $70M led by Accel and Lightspeed
Infrastructure / Dev Tools • Series B • Tel Aviv, Israel
Astronomer raises $93M led by Bain Capital Ventures
Data / AI / Machine Learning • Series D • New York, NY
Cast AI raises $108M led by G2 Venture Partners and SoftBank
Infrastructure / Dev Tools • Series C • Miami, FL
Veza raises $108M led by NEA
Risk / Security • Series D • Redwood Shores, CA
Persona raises $200M led by Founders Fund and Ribbit Capital
Risk / Security • Series D • San Francisco, CA
Fivetran acquires Census for an Undisclosed Amount
Data / AI / Machine Learning • Acquisition • San Francisco, CA
Palo Alto Networks acquires Protect AI for an Undisclosed Amount
Data / AI / Machine Learning • Acquisition • Seattle, WA