Enterprise 2.0 News

30.11.2021
ThreeFlow, which provides software for insurance brokers selling employee benefits, announced today that it raised $45 million in Series B funding. ThreeFlow’s product falls within a new category of software that it calls a “benefits placement solution” for insurance brokerages. Brokerages aggregate plans from insurance carriers and sell them to companies. In the past year, ThreeFlow facilitated over $600 million in transactions — double that of the year prior.
30.11.2021
CloudTrucks a startup, that sells business management software that helps owner-operators manage cash flow and costs, generate revenue, handle insurance, has raised a $115 million Series B. CloudTrucks launched three products over the past year to help solve trucking business challenges. CT Cash helps drivers get paid faster and alleviate cash flow constraints with instant pay and cash card options, as well as cash advances, so drivers don’t have to worry about not having enough funds for fuel or maintenance. Flex, which is designed for small trucking businesses that are already managing their own insurance and compliance, helps with back office support. This product came from an existing product line called Virtual Carrier, which essentially puts drivers under CloudTrucks’ authority. Included in this is a package deal where CloudTrucks manages everything for the driver, including compliance and insurance.
30.11.2021
Abacum, a SaaS maker geared toward upgrading mid-sized companies’ financial planning and analysis tools, has raised $25M Series A round. The core focus for the software is on bringing a collaborative layer to financial planning and analysis — making it easier for financial teams to share data internally with the wider business by automating fiddly, repetitive manual tasks (such as copypasting data between spreadsheets or other manual data transformations that can be prone to human error).
29.11.2021
Crossplane that develops open source multi-cloud management tool has raised $60 million Series B. The project is fully cloud-native and is managed under the umbrella of the Cloud Native Computing Foundation (CNCF), which manages Kubernetes and other key open source cloud-native technologies. Crossplane allows users to pick and choose the cloud vendors they want to use — whether cloud infrastructure vendors like AWS, Microsoft and Google or cloud-native tooling like Elastic, Confluent, Databricks and Snowflake — and manage all of that from a single API.
23.11.2021
As more companies adopt low-code/no-code tools to build their line-of-business applications, it’s maybe no surprise that we are now seeing a new crop of services in this ecosystem that focus on keeping these tools secure. These include Tel Aviv-based Zenity, which is coming out of stealth today and announcing a $5 million seed funding round. Zenity argues that as employees start building their own applications and adopt tools like robotic process automation (RPA), this new class of applications also opens up new avenues for potential breaches and ransomware attacks.
22.11.2021
Ericsson, an international networking company, decided it needed a dose of modernization and acquired cloud communications company Vonage in a $6.2 billion deal. With Vonage, Ericsson is getting a more modern approach to communications that includes a cloud contact center, communications APIs (like Twilio’s) and a voice over internet protocol (VoIP) solution. The company believes that it can build on its 4G and 5G networking technology by taking advantage of the key pieces of the Vonage family. Specifically, Ericsson is focused on Vonage’s communications APIs, which it believes will enable it to tap into a network of developers across the world building applications based on 4G and 5G technology.
19.11.2021
Workday is to acquire VNDLY, a startup that helps companies manage external workforce personnel for $510 million. Workday helps companies manage finance and human resources tasks, and VNDLY fits nicely into the latter category providing them with software to manage contractors, a service that should come in handy at a time where it’s increasingly difficult to fill full time job openings. Bringing the two companies together means that customers can manage internal and external workers from the same interface, saving HR personnel from switching context based on worker type. In addition, customers will be able to plan for workforce needs, regardless of the type, while managing internal and external compliance and risk requirements related to this type of worker.
18.11.2021
Cybersecurity platform Expel, which specializes in threat detection and response, today announced that it has raised a $140.3 million Series E. Expel offers what is essentially a managed security service for cloud applications, infrastructure, networks and endpoints, with its own analysts monitoring a company’s network 24×7 (and performing remediation if necessary), as well as a preemptive threat hunting service for on-premises and cloud environments. By building what the company calls an “automation-forward” system, its systems are able to quickly react to potential issues.

The Best Business Software 2021

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