A Swedish startup aiming to build a hyperscale cloud company in Europe has raised €50.6 million ($ 55 million) in Series A funding. Evroc, as it’s called, says it’s laying the foundations for a “secure, sovereign and sustainable hyperscale cloud to reimagine the digital future of Europe.” The announcement comes amid growing calls to create […]
Stack AI wants to make it easier to build AI-fueled workflows
Stack AI’s co-founders, Antoni Rosinol and Bernardo Aceituno, were PhD students at MIT wrapping up their degrees in 2022 just as large language models were becoming more mainstream. ChatGPT would be released to the world at the end of the year, but even before that, they recognized a problem inside companies putting data together with […]
Restaurant365 orders in $175M at $1B+ valuation to supersize its food service software stack
The U.S. restaurant industry is expected to pass $ 1 trillion in sales for the first time this year, despite wider economic pressures on consumers. Now Restaurant365, a startup building tech to manage those businesses, has raised a hot round of $ 175 million to capitalize on that growth. The funding is being led by […]
Stripe, doubling down on embedded finance, de-couples payments from the rest of its stack
Stripe continues to hold the title of being the biggest financial technology business still in private hands, with a current valuation of about $ 65 billion and a whopping $ 1 trillion in total processed payment volume last year alone. But fintech is fragmented and a fast-moving target, and with competitors chipping away at its place, […]
New startup from Postgres creator puts the database at heart of software stack
MIT professor Mike Stonebreaker has been at the forefront of database technology for over 50 years. The former Turing Award winner invented the Ingres and Postgres databases and helped launch a number of companies including Streambase Systems (acquired by Tibco in 2013), VoltDB, Tamr and SciDB. Now 80, he knows a thing or two about […]