A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – ENTERPRISE COLLABORATION
- Slack announces seven more companies backed through 106 million funds. Link
- TimeHero Inc., a Sudbury based automated and adaptive task planning software developer startup gets $400K from the Northern Ontario Heritage Fund Corporation. Link
- Cisco acquires Observable Networks, a network security technology solutions provider, for an undisclosed sum. Link
- Site Traker, a cloud based project management tool, raises $11M Link
- Ephesoft, an advanced machine learning based data capture solution provider, raises $15M in Series A from Mercato Partners. Link
- DataRails, a cloud platform to securely store, share and manage all data from spreadsheets, raises $6M through Vertex Ventures. Link
- Receipt Bank, a provider of automation solutions to bookkeeping and accounting firms, raises $50M through Insight Venture Partners. Link
- Noticeboard, a communication platform for frontline staff, raises $1.2M in funding raised by Stellaris Venture Partners. Link
- Mitel, a telecom company providing unified communication solutions, acquires ShoreTel, which provides a similar solution as the former, for $530M. Link
- Qmarkets, a provider of collective intelligence solution for idea & innovation management, secured $5.2M in the round led by funding by LETA Capital, Club 100 Plus and the State of Connecticut’s Department of Economic and Community Development. Link
- Wickr, a secure mobile communication application developer raises $8.8M from an undisclosed investor. Link
SOME INTERESTING STARTUPS FOUND
Taggun (2017, Auckland) – Taggun is an enterprise data digitization solution provider which can perform image transcription in real-time and supports 56 languages.
LEADER BOARD – ENTERPRISE COLLABORATION
Collaboration Suite
LogMeIn (2003, Boston, IPO) – Provider of SaaS and cloud-based remote connectivity services for collaboration, IT Management & customer engagement. Went Public in 2009.
Atlassian (2002, Sydney, IPO) – Enterprise collaboration software solutions provider offering tracking, collaboration, real-time communication, code hosting and repository management. Went public in December 2015.
Enterprise File Synchronization and Sharing
Box (2005, Los Altos, IPO) – Enterprise file sharing cloud storage platform with secure cloud content management and collaboration. Went public in 2015.
Dropbox (2007, SF, $607M) – Dropbox offers cloud storage, file sharing and synchronization, personal cloud, and client software. Backed by BlackRock, Index Ventures, Sequoia Capital.
Enterprise Content Management
OpenText (1991, Waterloo, IPO) – Provider of enterprise information management software solutions to help companies manage their unstructured business information. Went Public in 1996.
SpringCM(2005, Chicago, $113M) – Provider of enterprise class, on-demand workflow automation, and document management for legal and sales team in a completely web-based environment. Backed by Foundation Capital, NBVP, Growth Equity, Panorama Point Partners, Bluestem Capital, Goff Capital, Wellington Financial, SVB, and Square 1 Bank.
Knowledge Management
Bowstreet (1991, Tewksbury, IPO) – Provider of portal-based tools and technology that helps companies bring together corporate applications, documents, databases and other enterprise information into a single, integrated portal application. Acquired by IBM in December 2005.
Inkling (2009, SF, $86M) – Provides a mobile publishing platform for learning content. Backed by Sequoia Capital.
Collaborative Workspaces
Quip (2012, SF, $46M, Acq) – Provides cloud-based word processor to collaborate on documents. Acquired by Salesforce for $750M in August 2016.
Mindjet (1994, SF, $33.2) – Provides mind mapping and innovation management software.
Enterprise Social Networking
Jive Software (2001, Palo Alto, Acq.) – Provider of communication and collaboration solutions to businesses. Acquired by ESW Capital’s Wave Systems for $462M in 2017.
Yammer (2008, SF, $142M, Acq.) – Enterprise social network for employees to create groups to collaborate on projects and share & edit documents. Acquired by Microsoft in 2012.
Enterprise Communication – Unified Communication
Cisco (1984, SF, IPO) – Offers full UC suite of integrated on-premise and cloud based applications and services based on its Unified Communications Manager. Went public in February 1990.
Mitel (1973, Kanata, IPO) – Provider of unified communication solutions for businesses focused on VoIP products. Went public in May 2006.
Enterprise Communication – Conferencing
Vidyo (2005, Hackensack, $163M) – Provides both software based technology and product based visual communication solutions.
BlueJeans Network (2009, Mountain View, $175M) – Cloud-based video conferencing solution provider. Backed by NEA, Battery Ventures, NVP, Glynn Capital, Accel Partners, and Quadrille Capital.
Enterprise Communication – Messaging & Chat Apps
Vocera (2000, San Jose, IPO) – Provides mobile communication solutions for integrated, intelligent communication in healthcare and other mission-critical mobile environments. Went public in 2012.
Slack (2009, Vancouver, $540M) – SaaS team communication tool for enterprises. Backed by Social Capital, GV, Accel Partners, SV Angel.
Project Management
Workfront (2001, Lehi, $95M) – Cloud-based enterprise work management solution for marketing, IT, and other enterprise teams. Backed by Greenspring Associates, JMI Equity.
Smartsheet (2005, Bellevue, $120M) – Provides online collaborative work platform used by individuals and companies of all size to manage projects and get work done from any device or browser.
Meeting Management
Diligent (2001, NYC, $30M) – Cloud-based board portal software for collaboration among corporate boards and senior executives. Got acquired by Insight Venture Partners for $624M in 2016.
Teem (2012, Salt Lake City, $21.5M) – Provides room booking software and workplace analytics software. Backed by NGP, Origin Ventures, Zetta Venture Partners, Greycroft Partners, GE Ventures, Peak Venture, Royal Street Ventres and more.
Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
For latest updates, visit Enterprise Collaboration feed.