In early October, DualEntry, an AI enterprise resource planning (ERP) startup, announced a $90 million Series A round led by Lightspeed and Khosla Ventures, valuing the one-year-old business at $415 million. The company seeks to replace legacy software like Oracle NetSuite with its offering that can automate routine tasks and provide predictive insights. The massive funding round from top-tier VCs signaled that the startup is likely experiencing phenomenal revenue growth. However, one VC who declined to invest told TechCrunch that DualEntry's annual recurring revenue (ARR) was just around $400,000 when he reviewed the deal in August. DualEntry's co-founder, Santiago Nestares, denies that number. When asked about revenue when the deal closed, Nestares said it was 'considerably higher than that.' This approach involves deploying massive funding into one startup in a competitive category, aiming to overwhelm rivals by granting the chosen company a bank-account advantage so significant that it creates the appearance of market dominance....
Despite two years of broad experimentation, most companies aren't seeing the large-scale GenAI transformations they initially envisioned. The challenge isn't the technology's potential ' it's understanding how to generate real value at three different levels of investment while effectively managing the risks that GenAI innovations can bring. Join MIT researchers Melissa Webster and George Westerman as they reveal insights from their study of 21 large companies that are successfully generating measurable value from generative AI. Rather than pursuing wholesale business redesigns, these leaders are working their way up the 'risk slope' ' starting with low-risk applications and building capabilities for larger transformations. Melissa Webster is a lecturer in managerial communication at the MIT Sloan School of Management. Her research focuses on how organizations communicate and implement new technologies, with particular expertise in digital transformation and AI adoption strategies. George Westerman is a senior lecturer at the MIT Sloan School of Management and coauthor of the award-winning book Leading Digital: Turning Technology Into Business Transformation. He is a leading expert on digital and AI transformation, advising numerous Fortune 500 companies on their digital strategies. Abbie Lundberg is editor in chief at MIT Sloan Management Review. She moderated the session....
The Swedish investor will purchase a 23.2% stake from Douzone's chairman, Young-woo Kim, and a further 14.4% from affiliates of Shinhan Financial Group. The deal, executed through EQT's BPEA Private Equity Fund IX, will make the fund between 5% and 10% invested upon completion. Founded in 1991, Douzone Bizon provides enterprise resource planning and business management software for small and mid-sized companies, with a growing suite of cloud-based accounting, tax, and compliance tools. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today....
The deal, expected to close by year-end, marks Dell's latest step in refocusing its operations and enhancing profitability following its $67bn acquisition of EMC in 2016. That deal left the company with substantial debt and prompted a broader restructuring effort. Boomi, a provider of cloud-based data integration and automation solutions, has been part of Dell's portfolio since 2010. The sale allows Dell to sharpen its focus on core infrastructure and technology offerings while unlocking value from its cloud assets. For Francisco Partners and TPG, the acquisition adds another high-growth software asset to their technology portfolios. Both firms have extensive experience investing in enterprise software and digital transformation platforms, positioning them well to accelerate Boomi's next phase of expansion. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today....
