IBM is acquiring APM startup Instana as it continues to expand hybrid cloud vision
  • As IBM transitions from software and services to a company fully focussed on hybrid cloud management, it announced its intention to buy Instana, an applications performance management startup with a cloud native approach that fits firmly within that strategy.
  • With Instana, IBM can build on its internal management tools, giving it a way to monitor containerized environments running Kubernetes. It hopes by adding the startup to the fold it can give customers a way to manage complex hybrid and multi-cloud environments.
  • The deal per usual is subject to regulatory approvals, but the company believes it should close in the next few mont… Show more

November 17th

Spacemaker, AI software for urban development, is acquired by Autodesk for $240M
  • Autodesk, the U.S. publicly listed software and services company that targets engineering and design industries, has acquired Norway’s Spacemaker, a startup that has developed AI-supported software for urban development.
  • The price of the acquisition is $240 million in a mostly all-cash deal. Spacemaker’s VC backers include European firms Atomico and Northzone, which co-led the company’s $25 million Series A round in 2019. Other investors on the cap table include Nordic real estate innovator NREP, Nordic property developer OBOS, U.K. real estate technology fund Round Hill Ventures and Norway’s Construct Venture.
  • Spacemaker team de… Show more

November 12th

Palo Alto Networks acquires attack surface manager Expanse in $800m deal
  • Palo Alto Networks has announced the acquisition of Expanse to boost the capabilities of the firm's Cortex cybersecurity product portfolio.
  • The purchase will be used to bolster the Cortex portfolio with Expanse's attack surface management solutions.
  • The deal was secured for $670 million in cash and stock, as well as roughly $130 million in replacement equity awards - although these amounts may be adjusted.
  • San Francisco-based Expanse develops solutions designed to monitor attack surfaces in order to perform risk assessments and mitigate threats.
  • The platform includes a dashboard for discovering and monitoring Internet assets, s… Show more

October 30th

Salto raises $27M to let you configure your SaaS platforms with code
  • Salto, a Tel Aviv-based open-source startup that allows you to configure SaaS platforms like Salesforce, NetSuite and HubSpot with code, is coming out of stealth today and announced that it has raised a $27 million Series A round.
  • This round was led by Bessemer Venture Partners, Lightspeed Venture Partners and Salesforce Ventures.
  • The general idea here — which is similar to the “infrastructure-as-code” movement — is to allow business operations teams to automate the labor-intensive and error-prone ways they currently use to manage SaaS platforms.
  • Like other open-source companies, Salto’s business model involved selling a hosted … Show more