customers

“Databricks Introduces LakeFlow: Empowering Clients to Develop Seamless Data Pipelines”

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With LakeFlow, Databricks users will soon be able to build their data pipelines and ingest data from databases like MySQL, Postgres, SQL Server and Oracle, as well as enterprise applications like Salesforce, Dynamics, Sharepoint, Workday, NetSuite and Google Analytics. In a way, getting data into a data warehouse or data lake should indeed be table stakes because the real value creation happens down the line. The first is LakeFlow Connect, which provides the connectors between the different data sources and the Databricks service. It’s fully integrated with Databricks’ Unity Data Catalog data governance solution and relies in part of technology from Arcion. Databricks is rolling out the LakeFlow service in phases.

“Automated Financial Reporting Fintech InScope Secures $4.3M Seed Round Led by VC Sheel Mohnot”

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The financial reporting and auditing process is not often on the list of sexy topics that technology startups want to go after. After years of performing reporting and auditing work for companies like Miro, Autodesk, Dropbox, Flexport and Yelp, Mary Antony and Kelsey Gootnick decided reporting and auditing needed some technology love, too. So they started San Francisco-based InScope in 2023, leveraging machine learning and large language models to provide financial reporting and auditing processes for mid-market and enterprises. We make it possible for our customers to have effortless, but accurate and reliable financial statements every time.”InScope’s financial report drafting tool. So much so that they could be customers, Gootnick said.

“Enhanced Features of App Store: Win-Back Subscriptions and Advanced Search Suggestions Introduced by Apple”

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Win-back subscriptionsApple will let developers reach out to customers who have subscribed to the app to win them back with new offers. Developers can configure which customers they want to reach out to, and based on that, Apple surfaces win-back offers in the App Store. “Eligible customers can discover win-back offers across the App Store, including on your product page and in editorial selections on the Today, Games and Apps tabs, as well as within your app,” according to Apple. Image Credits: AppleImproved search suggestionsApple said that it is adding Focus State to the App Store later this year for improved search. It gave examples of content creator apps offering subscriptions, apps with large catalogs of content (maybe apps that offer sachet subscriptions to different content), and digital content that spans across different apps managed by one developer.

“Snowflake Customers’ Data Reportedly Breached by Hackers, According to Mandiant”

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It’s the first time that the number of affected Snowflake customers has been disclosed since the account hacks began in April. So far, only Ticketmaster and LendingTree have confirmed data thefts where their stolen data was hosted on Snowflake. Several other Snowflake customers say they are currently investigating possible data thefts from their Snowflake environments. Mandiant said the threat campaign is “ongoing,” suggesting the number of Snowflake corporate customers reporting data thefts may rise. Last week, TechCrunch found circulating online hundreds of Snowflake customer credentials stolen by malware that infected the computers of staffers who have access to their employer’s Snowflake environment.

“Raising $14M: Fractional Property Investment Platform Set to Expand into Saudi Arabia and Abu Dhabi”

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The UAE is home to most of its customers, and people from Saudi Arabia and Kuwait form the bulk of its international customer base. Entering Saudi ArabiaStake claims it has surpassed Dubai-based fractional property investment platforms like Smartcrowd, but it will be starting afresh in Saudi Arabia. Property investment companies therefore set up special purpose vehicles through which they let investors buy real estate. “Saudi Arabia has properties that are recently completed and under development that are worth billions. We are going to use [our] experience to offer a similar unified product for investment in Saudi Arabia within the same app,” Mahmassani said.

“Revolutionizing WhatsApp Business: The Integration of AI-Powered Functionality by Meta”

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Today, Meta announced AI-powered features for WhatsApp Business apps, such as helping with the creation of click-to-WhatsApp ads and generating responses to frequent customer messages. WhatsApp Business users will be able to leverage AI to create Facebook and Instagram ads that can start a WhatsApp chat with a business. The company said it is testing AI-powered customer support, which will automatically answer customer queries related to catalog or frequently asked questions. Meta noted that it plans to denote AI-generated messages clearly so customers know that they are not talking to a representative of a company. While Meta is offering these tools without a cost, its primary driver for revenue on the WhatsApp Business platform is businesses having more conversations with customers.

Revolutionary Strategy: Transforming Banks into Clients – How Fintech Torpago Outshines Brex and Ramp

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Torpago, a commercial credit card and spend management provider, is no different, but with one caveat — banks are who it builds technology for, particularly community banks. “We started as a competitor with Brex and Ramp, as well as American Express and Capital One,” Jackson told TechCrunch. The Torpago Powered By tools and infrastructure enable means that those banks’ to customers don’t have to leave the bank’s brand domain to get sophisticated fintech features. Banks have all the customers, and they have all the card volume, but “they have the absolute worst credit card tools and technology,” he said. Since making the shift to banks as customers, that was whittled down to 300 companies while it goes after bank customers.

Transforming Retailers into Service Providers: The success of pivoting in Dealt’s case study.

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The company first started working with Mr. Bricolage, a popular DIY retailer in France. Dealt operates a white-label platform for Mr. Bricolage so that it can upsell its own clients with services. After that, retailers like Mr. Bricolage can provide services and generate new revenue lines as they take a cut on each transaction. Other Dealt clients include Fnac-Darty, Orange, E.Leclerc, Conforama, Boulanger, 3Suisses and Rue du Commerce. Some of these retailers work with Dealt to provide services that aren’t necessarily related to a new purchase.