Logspace co-founder and CEO Rodrigo Nader previously worked on machine learning problems at enterprise AI company Bitvore, together with co-founder and CTO Gabriel Luiz Freitas Almeida.
“This acquisition will provide current Langflow developers and current DataStax developers additional resources and integrations to elevate their applications to match the scale of their ambitions,” said Chet Kapoor, CEO and chairman of DataStax.
“Langflow is focused on democratizing and accelerating generative AI development for any developer or company, and in joining DataStax, we’re working together to enable developers to put their wild new generative AI ideas on a fast path to production.”The DataStax team argues that this acquisition effectively completes its effort to build a one-stop generative AI stack.
Langflow will continue to operate as a separate entity, so existing users shouldn’t notice any immediate changes.
“We couldn’t be more excited about joining the DataStax team and supercharging our ability to grow the Langflow platform, bringing it to more researchers, developers, enterprises and entrepreneurs working on generative AI applications,” said Nader.
In addition, Redis today announced that it has acquired storage engine Speedb (pronounced ‘speedy-bee’) to take it beyond the in-memory space.
Redis license changesIn some way, the licensing move is no surprise.
We’ve seen other open source companies like MongoDB, Elastic and Confluent make similar moves.
He is also quite aware that these new license mean Redis won’t be considered open source, at least according to the definition of the Open Source Institute.
Because of the BSD license, Redis wasn’t able to put its latest innovations into Redis Core, meaning it was missing features like search and query, for example.
Sensor Tower, a leading app analytics firm, is acquiring rival Data.ai in a move that consolidates the mobile intelligence industry, creating a powerhouse that could dominate the sector and provide aggressively competitive insights into the app economy.
Sensor Tower didn’t disclose the financial terms of the deal but said Bain Capital and Riverwood Capital are providing credit-based financing.
Data.ai had secured over three times the amount of funding compared to Sensor Tower, according to Crunchbase.
Data.ai had raised over $157 million over various rounds, whereas Sensor Tower had raised just $46 million.
Sensor Tower issued an apology in 2020 and said the company had taken the route it did to stay competitive.
Apple has added another AI startup to its acquisition list with Canada-based DarwinAI, which specializes in vision-based tech to observe components during manufacturing to improve efficiency, Bloomberg reported.
DarwinAI had raised over $15 million in funding across various rounds from investors including BDC Capital’s Deep Tech Venture Fund, Honeywell Ventures, Obvious Ventures, and Inovia Capital.
BDC Capital and Obvious Venture didn’t comment on the story at the time of writing.
As Bloomberg noted in its report, apart from helping with manufacturing efficiency, DarwinAI uses techniques to make AI models smaller and faster.
This could be useful for on-device generative AI features Apple hopes to introduce in iOS 18 this year.
Employee-focused mental health company Journey is acquiring Felt, a startup formerly known as Mine’d that specializes in matching individuals with therapists using artificial intelligence.
Journey, which offers a mental health employee assistance program used by companies like Walgreens and Universal Music Group, says the acquisition aligns with its mission to revolutionize employee well-being and mental health support while leveraging the power of AI.
While Felt’s technology was initially designed for a consumer-facing app, it will be integrated into Journey’s backend product.
Journey CEO and founder Stephen Sokoler told TechCrunch that Felt’s technology will be integrated into the company’s Proactive EAP platform.
The company plans to pair Felt’s AI-based technology with its existing human-enabled therapist pairings in order to better match employees with therapists.
Founded in 2006, over the years Lensrentals got the edge over BorrowLenses, both in terms of number of staff and overall number of customers.
We look forward to all BorrowLenses customers getting to experience what I mean by that,” says Beckman.
Similar to Lensrentals, BorrowLenses boasts an extensive inventory.
BorrowLenses has established a strong presence in certain regions, complementing Lensrentals’ national reach.
Of course, Beckman told TechCrunch that Lensrentals was kept on its toes by the competition from BorrowLenses.
And it is using an undisclosed portion of its cash reserve to acquire Regate, an accounting and financial automation platform.
Qonto originally started with online business accounts with debit cards specifically tailored for small and medium businesses.
After a while, Regate will be integrated in Qonto directly to improve several accounting automation features of Qonto, such as invoicing, accounts payables, accounts receivables, etc.
Qonto finds itself in a different position from Payfit, another French unicorn (or former unicorn) that provides a software-as-a-service tool focused on payroll.
As many fintech startups are struggling to raise a new funding round, Qonto could become a consolidator in the space.
With its recently launched AI assistant, Bearer also bet on generative AI to suggest code fixes and explain vulnerabilities.
As Cycode co-founder and CEO Lior Levy told me, this acquisition now provides the company with all of the capabilities it needs to become a full-fledged application security platform.
“The missing part was a SAST tool that can be fast and connected easily to the Cycode platform.
And the Bearer team invested a lot in the brain of the SAST engine — not only the rules and stuff like that — but the engine itself.
Together, we’re set to continue redefining the standards of the complete approach to application security posture management.”
On Tuesday, the HR startup announced it is acquiring African-based payroll and HR software and services company PaySpace in a deal that marks its largest acquisition to date.
Financial terms of the PaySpace acquisition were not disclosed.
Separately, San Francisco-based Deel also revealed Tuesday that it has crossed $500 million in annual recurring revenue (ARR), organically, outside of this acquisition.
With the various buys, Deel claims that it now owns the full HR stack — entities, local teams (legal, HR payroll), and local payroll engines — across six continents.
Theirs is one of the best technologies we’ve ever seen … We had to do a lot of convincing.”In a written statement, PaySpace Director Clyde van Wyk said: “Like PaySpace, Deel strives to evolve its offering through disruption.
Today, Groq announced that it’s forming a new division — Groq Systems — focused on greatly expanding its customer and developer ecosystem.
In forming the new unit, Groq has acquired Definitive Intelligence, a Palo Alto-based firm offering a range of business-oriented AI solutions including chatbots, data analytics tools and documentation builders.
Prior to launching Definitive Intelligence, Madra and Sherry co-launched Autonomic, a cloud-based platform for connecting mobility systems, that Ford acquired in 2018.
Prior to the acquisition, Definitive Intelligence had raised $25.5 million in venture capital.
Definitive Intelligence is Groq’s second acquisition after Maxeler Technologies, a high-performance compute and AI infrastructure solutions firm, in 2022.
