What's Hot in Enterprise IT/VC - Issue #87

NYC enterprise tech is cranking as portfolio co Kustomer raised $26mm in a Series B led by Redpoint Ventures and including Cisco; must read by Benedict Evans from a16z on how to think about AI; the first commercial Open Source Software index with companies greater than or at run rate of $100mm

Kustomer gets $26M to take on Zendesk with an omnichannel approach to customer support – TechCrunch

Congrats to portfolio Kustomer which just closed its Series B to take on Zendesk, NYC enterprise tech is cranking

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Enterprise Tech

#1: The $100B+ Commercial OSS Company Index (COSSCI)

awesome read on which open source software cos are greater than $100mm and what models they use; open core, etc

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Ways to think about machine learning — Benedict Evans

great read by Benedict Evans with a16z - not about “artificial” intelligence but automation

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Microsoft and EY are deploying a blockchain system to manage royalties — Quartz

this could be one of the biggest blockchains in production to be used for rights and royalties processing by Microsoft’s game publishers but will expand

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Google Is Training Machines to Predict When a Patient Will Die - Bloomberg

access to health data will be what’s critical to scale this initiative; regardless, health care cos should beware as the the ‘Medical Brain’ team could help the internet giant finally break into the health-care business

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Walmart looking for 2K more technologists to beat out e-commerce competitors | CIO Dive

every Fortune 500 is a tech co, Walmart continuing to expand its tech workforce

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IT’s Growing Importance Carries CIO Role to New Heights - CIO Journal. - WSJ

the CIO is becoming more strategic as digital initiatives become imperative to future success; When Delta Air Lines this year promoted its CIO to executive vice president, reporting directly to the airline’s CEO

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Markets

Search company Elastic is going public in a confidential IPO filing - Recode

a killer product for incorporating search into apps, also open source via an open core model, great to see more of these cos scaling fast and hitting the public markets

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Oracle could be feeling cloud transition growing pains – TechCrunch

Oracle beat earnings but seems quite clear numbers for cloud aren’t growing as nicely as Oracle does not provide specific breakout this quarter vs prior one

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CIOs planning to snub Oracle for other cloudy vendors – analyst • The Register

more perspective on Oracle issues as cloud grows and their customers become more and more frustrated with its business practices

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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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