Microsoft says that it’s facing a hefty tax bill over historical accounting practices dating back nearly twenty years. In a filing yesterday with the Securities and Exchange Commission (SEC), the company confirmed that the Internal Revenue Service (IRS) has arrived at a figure of $28.9 billion — plus penalties and interest — that Microsoft allegedly…
Microsoft says that it’s facing a hefty tax bill over historical accounting practices dating back nearly twenty years. In a filing yesterday with the Securities and Exchange Commission (SEC), the company confirmed that the Internal Revenue Service (IRS) has arrived at a figure of $28.9 billion — plus penalties and interest — that Microsoft allegedly…
Prophecy, a low-code development platform for companies to transform their data, today announced that it raised $35 million in a Series B funding round led by Insight Partners and SignalFire, with participation from J.P. Morgan, Singtel Innov8, Databricks Ventures and Dallas Venture Capital. The new cash, which brings Prophecy’s total capital raised to $67 million,…
For years, companies have been looking for better ways to share content, but the file/folder metaphor has stubbornly stuck. And that worked fine for ad hoc kinds of sharing between individuals or small groups, but for larger teams, it could be hard to understand the content sitting in folders without context. Enter Box Hubs, a…
As generative AI becomes embedded in enterprise software, one of the challenges that companies face is how to fairly price it to recoup the cost of running their content against foundational large language models like OpenAI’s. Box introduced Box AI last May, bringing generative AI to the platform via a partnership with OpenAI. Today, at…
In a perfect world, companies would vet the security and compliance of every third-party vendor they use. Sales wouldn’t close until these reviews are complete. The trouble is, security reviews require a massive investment of time — and labor. Questionnaires — the main way companies vet vendors — contain hundreds of questions, covering everything from…
Yooga, developing a Brazil-based restaurant operation management system, raised its first institutional funding of $2.3 million in seed capital. The round was led by SaaSholic with participation by Gilgamesh, Apex Partners and Backfuture. Vinicius Melo, Victor Sortica and Cassiano Guerra Fernandes co-founded the company in 2017, and bootstrapped Yooga for three years before taking $300,000…
When Vodafone and Hutchison-owned Three in the U.K. announced their plan to merge in a non-cash deal to create a $19 billion mega mobile operator in June of this year, we noted that it would likely face a sizeable regulatory hurdle. The next chapter in that story opened today: The country’s Competition and Markets Authority,…
While Shadow is better known for its high-end cloud PCs with a dedicated Nvidia GPU, the company is introducing a new tier called Shadow PC Essential. As the name suggests, Shadow isn’t targeting gamers with this offering. This is a computer in the cloud that runs Windows and that you can access from any device…
The fintech sector is facing a wildly different world in 2023 than it did in 2021. Capital is scarce and valuation multiples have plummeted as the broader tech market pulled back, and fintech startups everywhere are struggling to raise money. So when Canopy Servicing, a fintech startup building software to facilitate loan servicing, reached out…