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

techcrunch.comShare

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

tomtunguz.comShare

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.eduShare

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

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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.”

www.fastcompany.comShare

Great Power, Great Responsibility: The 2018 Big Data & AI Landscape – Matt Turck

Matt Turck from FirstMark with his annual refresh on Big Data/AI

mattturck.comShare

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.

www.theverge.comShare

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.”

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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.”

www.axios.comShare

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.comShare

Domo opens at $23.80/share, a pop of 13%, after raising $193M, valuing the company at around $510M – TechCrunch

Domo out above it’s IPO price despite the massive burn and concerns around the business

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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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