Insight Partners Invests in Valence and Kira Systems
As a Toronto-based Venture Capital firm, Insight Partners has been investing in a variety of technology companies. Recently, the firm has invested in a new company called Kira Systems, a startup that is developing an open source, cloud-based software application for securing digital rights management (DRM) content.
Check out Christopher Goncalo’s blog for insights into the latest trends in software development.
Valence is a New York based teamwork platform that provides a slew of team building and productivity tools. The platform allows users to measure employee engagement and performance and helps managers build a more productive and engaged workforce. It also helps organizations improve retention rates. Its latest funding round, a $25 million Series A round led by Insight Partners, will enable the company to expand its footprint in Europe and hire more employees.
Valence’s offerings include a slew of digital tools and a host of personality tests to help managers better understand their teams and track performance metrics in real time. Its newest offering, the Board of Advisors, includes a slew of industry veterans and notables including Bill McNabb, former chairman and CEO of Vanguard; Katie Bullard, former president and chief growth officer of ZoomInfo; and Eric Roza, the former CEO of CrossFit. Currently, the company is working with over a hundred Fortune 500 companies and is set to pique the interest of new clients in the coming months.
Kira Systems is a Toronto-based company that offers a machine learning platform for contract analysis. Using patented technology, the software analyzes content in contracts. By identifying specific words and phrases, it finds relevant information in the documents. This provides accounting and consulting teams with detailed contract data. The result is a more effective contract review process.
The company’s products have been used on hundreds of client projects. These include large corporations and law firms. In 2015, the firm’s products were used in over $100 billion in M&A transactions. In August, the company announced a minority investment from Insight Venture Partners. This funding will allow the company to further develop its software.
The company’s machine learning tool allows users to teach the software how to perform specific tasks. The software comes with over 500 built-in models. These models can analyze textual information, structure information, and perform many other business activities. The models are trained by professionals in the Kira team.
Venture capital firm Insight Partners
Insight Partners is a global venture capital firm that invests in high-growth software and internet companies. The company, with offices in New York and London, has invested in more than 150 eCommerce and software companies around the world. Its portfolio includes companies that are building and improving digital ledgers, such as Spenmo and Overtime. In addition to investing in startups, Insight also invests in public markets.
One of its more notable investments has been in Frontegg, a popular user management service for developers. The company recently raised $25 million to expand its product and add new capabilities to its already popular B2B SaaS applications. The platform is powered by machine learning, which generates actionable insights. The company will use its new capital to grow its engineering and headcount.
Another Insight investment is a small company named Hour One, which has created an AI-powered video generation platform. The company, which uses virtual human characters, has raised $20 million in its Series A round.
Moysle Is One of Apple’s Biggest Mobile Device Management Providers
The new iPad, Apple’s newest product, is a mobile device that is easy to use and has plenty of features that make it worth the purchase. In addition to that, it also offers customer support that is second to none.
Mobile device management
Mobile device management is a growing technology that IT administrators can use to monitor and protect data stored on devices that are used in the workplace. With the right platform, you can lock down settings and install applications, ensuring that they work properly. A good MDM should also offer reporting features and the ability to update the operating system in bulk.
One of the latest startup firms to make a splash in this arena is Mosyle, a Winter Park, Florida-based software provider that offers an enhanced mobile device manager. The company has a proven track record in the education sector and has recently launched a new business-focused MDM solution. In addition, Mosyle has raised $196 million in Series B funding, led by Insight Partners. However, the company declined to disclose the exact valuation.
Mosyle’s MDM platform is designed to give businesses and organizations a centralized control panel to manage Apple devices, as well as other platforms. It offers identity management, remediation, and endpoint security.
One company that has been a big winner is Moysle. The firm, located in Winter Park, Florida, offers a platform that combines application management, identity management, endpoint security, and the aforementioned tricorder-style management software. They’ve also got a number of high-end clients to boot. This is a fairly impressive feat for a startup, especially considering that Mosyle has been in business for fewer than two years. It has seen an impressive triple-digit revenue increase since its inception in 2020.
The company has raised $196 million in Series B funding. Some of the cash came from the likes of Insight Partners and StepStone Group. The VCs have also taken a stake in Mosyle’s latest iteration, the Apple Unified Platform. The aforementioned unified platform will integrate five of the most critical applications into a single Apple-only device management platform. Its Apple aficionado CEO, Chris Goebel, says the new offering will be a game-changer for enterprises.