Cloud-based education software vendor PowerSchool is being taken private by investment firm Bain Capital in a $5.6 billion deal.
The announcement comes amid a swathe of take-private deals led by private equity firms seeking a bargain on under-performing enterprise software firms.
Founded in 1997, PowerSchool is a web-based platform that helps educational institutions manage areas of their operations such as enrollment, grades, attendance, and communication with parents and students.
The company went public on the New York Stock Exchange (NYSE) in 2021, after previously been acquired by private equity firms Onex and Vista.
The company Wednesday issued an email requesting customers discontinue use of its egg-shaped charging case.
The company says it launched an investigation following a “single complaint” of a charging issue from a customer.
Humane is far from the first consumer electronics company to ship products with potentially hazardous batteries.
According to the note, the Charge Case is the only Humane product affected by this news.
Neither its Battery Boost or Charging Pad have been singled out by the company.
Every company, large or small, needs to choose software, and the bigger the company, the more complex the exercise.
Some have internal tools and processes to help narrow down the list of possible vendors and eventually make a selection.
“Taloflow replaces homegrown technology and software selection processes that can last weeks or months,” the startup’s CEO and co-founder, Louis-Victor Jadavji, told TechCrunch.
“Unlike Gartner or G2, which offer mostly generic insights, Taloflow creates tailored reports for specific use cases,” he said.
Taloflow has built large language models that sift through publicly available information and speed up the time and cost of generating the base reports.
That means there’s a market for a layer between companies and Large Language Models (LLMs) — something companies can use to pick LLMs easily without needing to commit for all time to one platform.
That’s the market Langdock is targeting with its chat interface that sits between LLMs and a company.
“Companies don’t want to have a vendor lock-in on just one of those LLM providers,” Lennard Schmidt, co-founder and CEO of Langdock, told TechCrunch.
In addition to the chat interface, the company also offers security, cloud and on-premises solutions.
In contrast, Langdock’s chat interface works for a broader range of use cases and can be used by any kind of staff.
