Progress announced the Q4 2024 release of its award-winning Progress® Telerik® and Progress® Kendo UI® component libraries.
Edify, a Techstars portfolio company, has raised 1.635M out of what could be a $2M seed round.
The company, founded in 2020 by CEO Kristen Gallagher, is embracing the future of work by streamlining the technical onboarding process that engineers need to get up to speed and productive in a new work environment. Edify aims to solve one of the most critical issues in the engineering industry — remote technical onboarding. The closure of this funding round accompanies growth within the company as Edify appoints Kate Farmer as CTO and seeks new hires in engineering and developer advocacy.
The 5-month fundraising period marks a first for Edify, which bootstrapped the initial beta before building a client base. The $1.635M was raised from several investors to fund engineering and product development efforts, including adding natural language processing to the bot along with enhanced usability and management capabilities for all customers.
The fundraising round, led by Seattle-based venture firm Flying Fish Ventures, focused on Edify's AI and ML capabilities. They are joined by Atlassian Ventures (creators developer-centric tools Confluence and Jira), Portland Seed Fund, and angel investors Mat Ellis (founder of Cloudability), Luke Kanies (founder of Puppet and Clickety), Leigh Honeywell (founder of Tall Poppy), and several others active in the technology community.
"The life of a developer can always improve with better tooling. DevOps helped show that progress is not about the tools, it's about advancing the people and culture around them," notes investor Luke Kaines. "Edify is a great new tool because it targets people and their success directly."
Edify's product eddy is designed to accelerate onboarding for new engineers with an interactive interface, nested within Slack today and Microsoft teams soon. With eddy, companies can streamline learning, shorten time to value for new hires and minimize distractions by guiding new engineers through onboarding tasks, and scheduling team introductions to accelerate learning and team integration. With eddy, employers can cut down the onboarding process from 7 months to 30 days with a customized onboarding plan while increasing human connection.
Following the company's January announcement joining the Techstars Seattle 2021 class, Edify is prepared for rapid growth.
Industry News
Check Point® Software Technologies Ltd. has been recognized as a Leader and Fast Mover in the latest GigaOm Radar Report for Cloud-Native Application Protection Platforms (CNAPPs).
Spectro Cloud, provider of the award-winning Palette Edge™ Kubernetes management platform, announced a new integrated edge in a box solution featuring the Hewlett Packard Enterprise (HPE) ProLiant DL145 Gen11 server to help organizations deploy, secure, and manage demanding applications for diverse edge locations.
Red Hat announced the availability of Red Hat JBoss Enterprise Application Platform (JBoss EAP) 8 on Microsoft Azure.
Launchable by CloudBees is now available on AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS).
Kong closed a $175 million in up-round Series E financing, with a mix of primary and secondary transactions at a $2 billion valuation.
Tricentis announced that GTCR, a private equity firm, has signed a definitive agreement to invest $1.33 billion in the company, valuing the enterprise at $4.5 billion and further fueling Tricentis for future growth and innovation.
Check Point® Software Technologies Ltd. announced the new Check Point Quantum Firewall Software R82 (R82) and additional innovations for the Infinity Platform.
Sonatype and OpenText are partnering to offer a single integrated solution that combines open-source and custom code security, making finding and fixing vulnerabilities faster than ever.
Red Hat announced an extended collaboration with Microsoft to streamline and scale artificial intelligence (AI) and generative AI (gen AI) deployments in the cloud.
Endor Labs announced that Microsoft has natively integrated its advanced SCA capabilities within Microsoft Defender for Cloud, a Cloud-Native Application Protection Platform (CNAPP).
Progress announced new powerful capabilities and enhancements in the latest release of Progress® Sitefinity®.
Red Hat announced the general availability of Red Hat Enterprise Linux 9.5, the latest version of the enterprise Linux platform.
Securiti announced a new solution - Security for AI Copilots in SaaS apps.
Spectro Cloud completed a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives with participation from existing Spectro Cloud investors.