Enterprise

Google’s parent company Alphabet last week launched a subsidiary focused on AI-powered drug discovery called Isomorphic Labs. Helmed by Demis Hassabis, the cofounder of DeepMind, Isomorphic will use AI to identify disease treatments that have thus far eluded researchers, according to a blog post. “Isomorphic Labs [is] a commercial venture with the mission to reimagine

A majority of global executives who have implemented artificial intelligence in some form in their business report that the new-age technology has been instrumental in driving financial and cultural benefits at the team and organizational levels, a new study reported on Tuesday. According to the joint report, published by MIT’s Sloan Management Review and the

According to a recent survey from O’Reilly, cloud adoption is steadily rising across industries, with 90% of organizations using cloud computing. This is an increase from last year’s survey, which reported that 88% of respondents used the cloud, proving that cloud adoption is proceeding rapidly. Even during a global pandemic, cloud adoption did not slow,

Let the OSS Enterprise newsletter guide your open source journey! Sign up here. Databases are the cornerstone of most modern business applications, be it for managing payroll, tracking customer orders, or storing and retrieving just about any piece of business-critical information. With the right supplementary business intelligence (BI) tools, companies can derive all manner of insights from their vast swathes of

Symbl.ai, the Seattle-based company that provides APIs to developers to build apps capable of understanding natural human conversations, has raised a $17 million series A funding. Symbl.ai says its APIs unlock machine learning algorithms from a variety of industry partners and sources. The company helps developers ingest conversation data from voice, email, chat, and social,

A recent study from Syntax reveals that 51% of IT leaders reported they would be unable to successfully mitigate a data breach or ransomware attack. Overall, the report shows that leaders tend to overinflate their actual innovation capabilities. While many executives ranked themselves on the “leading edge,” also known as the top 5% of businesses

Reltio, a master data management (MDM) platform that helps enterprises unify data from myriad sources to unearth new insights, has raised $120 million in a round of funding at a $1.7 billion valuation. The raise comes as companies across the industrial spectrum look for new ways to harness vast swathes of data from across all

According to a new report by Cyara, despite the disparity in perceived digital transformation success, 94% of respondents overall believe digital transformation will have a positive impact on customer experience, yet only 7% of respondents say they have sufficient resources and budgets to meet implementation deadlines. Furthermore, IT decision-makers believe they are 4.71 months behind

According to a survey commissioned by Cyber Security Cloud Inc., 94% of respondents whose company experienced a cyberattack said it was preventable, almost 40% reported that the attack cost their company hundreds of thousands to tens of millions of dollars, and over half reported preventative cybersecurity spending to be from $100,000 to over $10 million.

Sama, a company providing data to train machine learning systems, has raised $70 million in a series B found led by CDPQ with participation from First Ascent Ventures, Salesforce Ventures, Vistara Capital Partners, and existing investors. CEO Wendy Gonzalez says that the company will use the funding to grow its platform with new products that

Cyber-physical attacks against pharma supply chains are growing because attackers have figured out how to penetrate endpoint gaps between operations technology (OT) and IT systems. What makes these attacks so lethal is how they compromise the physical security of targets and immediately put the health of employees and patients at risk. Universal Healthcare Services says

The move to hybrid work accelerated by the pandemic has created cybersecurity risks, with employees at home creating more possible vulnerable endpoints for enterprises. At the same time, enterprises are increasingly adopting cloud solutions like Microsoft’s Azure or Amazon’s AWS. This is creating hybrid cloud infrastructure gaps in enterprises. Also, hybrid work is driving the

According to a new survey by workplace learning platform TalentLMS and recruitment software Workable, 72% of tech workers have a job change on their minds, which means that businesses may soon face a major tech talent shortage. But what’s behind this great discontent? Besides pay and benefits, the top three reasons appear to be limited

Enterprise deployment of AI and machine learning (ML) for cash flow forecasting is expected to increase 450% over the next two years, according to the recently released 2021 Cash Forecasting & Visibility Survey from GTreasury and Strategic Treasurer. The survey of nearly 250 enterprises across industries highlights a growing appetite for AI/ML modernization among finance

AIOps startup Moogsoft has improved its unified cloud monitoring platform for enterprises with a host of new features, including integration with its observability service Datadog. The updates, according to a statement from the company, improve workflow automation and increase incident context, giving organizations using the platform a more holistic view of their systems as well

Mountain View-based enterprise customer data platform (CDP) Treasure Data has just received a $234 million funding in what the company calls the largest-ever single round for a CDP. With CDPs playing a critical role in the success of enterprise growth, marketing innovation, product development, and more, Treasure Data says its platform allows marketing, service, and

The increasingly pervasive ransomware epidemic has exposed the grim reality that many organizations aren’t securing their hybrid cloud infrastructures from bad actors who traverse from one cloud platform to the next looking for backed-up data. Unprotected hybrid cloud infrastructures leave valuable data and applications, including Microsoft 365, vulnerable to ransomware and a wide range of

Let the OSS Enterprise newsletter guide your open source journey! Sign up here. Neo4j, the company behind the eponymous open source graph database, has officially launched a completely free version of its fully-managed cloud service. The San Mateo, California-based company first debuted Neo4j AuraDB Free as part of an early access program back in June, but today it launches into general