Embedded finance is usually what we hear about when brands and non-financial businesses want to offer financial products or services — like banking, insurance, lending and payments — to provide a better user experience for customers. Layer is leaning into that better user experience, but with embedded accounting. Its customers are those, like Square or […]
Nile raises $11.6M in seed funding to build a Postgres-powered data layer for SaaS applications
SaaS needs a new data system. That’s the driving idea behind Nile, a startup that aims to create this data system with serverless Postgres at its core. Co-founded by Sriram Subramanian, the former head of cloud engineering at Confluent, and Gwen Shapira, the former engineering lead for the Kafka team at Confluent, Nile is building […]
Instagram cuts 60 jobs, eliminating a layer of management at the company
Instagram has cut 60 technical program manager positions, eliminating a layer of management at the company, according to a new report from The Information. The impacted employees have two months to apply for other jobs at the company. After the two month period, their employment will be terminated if they are unable to secure a […]
System of intelligence — generative AI at the app layer
Jonathan Golden Contributor Jonathan Golden is a partner at NEA and a former director of product at Airbnb. Generative AI is a paradigm shift in technology, and it will spur a massive shift in enterprise spend over the next decade and beyond. Transformations of this magnitude can feel rapid on the surface, especially when they […]