Procurement Sciences’ Post

Capital is much more than (only) the money. We're proud of and excited about our $10M raise, but whether it is $1, $10M, $100M, or more, what matters is what you do with it and what support beyond the money that you get with it. We couldn't ask for a better combination of "smart money" from Battery Ventures, Tower Research Capital, Blu Ventures, K Street Capital, and the rest of our investors who have already brought us to where we are and are actively helping us accelerate and expand on what PSci has already done in the last year. So, what are we doing with it in the next year? A few things to look forward to: 1. Releasing Awarded AI, the natural evolution of our current PSciBIS product that brings the next wave of Generative AI to Government Contracting & BD. As adoption & technology evolves very quickly in GenAI, we're moving faster to bring power users AI functionality well beyond the chatbot and deliver AI to users of any experience level. New features, not just making our existing ones easier, faster, and more robust. 2. Ambient AI. At some point, people stopped calling the automobile the "horseless carriage", and some parts of the population have already dropped the word "electric" from "electric cars", too. In technology circles, AI became table stakes some time ago, and this will happen across the economy, and the release of Awarded AI serves our customers today with both discrete AI tools they're used to and seamlessly integrates and imbues compliant, auditable, explainable AI into all they do, and even manages to put smiles on the faces of their CISO, CTO, CFO, and CEO at the same time (quite the feat, I know, but if you want to see it, schedule a demo and bring your C-suite, Matt Pinkston and Christian Ferreira and the team will see to it). 3. Maybe a chance for you to join the fun? https://lnkd.in/grmfGP5A - I'm hiring quite a few on my team alone, both in Product & Engineering.

Iceland’s Exmon Software is acquired by Danish TimeXtender, uniting expertise for enhanced data solutions Reykjavik-based Exmon Software, known for its expertise in handling data quality and master data management, has been acquired by Danish company TimeXtender. This strategic move aims to boost Exmon’s growth and innovation prospects. By joining forces with TimeXtender, Exmon anticipates offering better services to its customers while expanding its global presence. The goal is to simplify data management and ensure its accuracy and accessibility. The merger emphasizes technological advancements, improved customer service, and wider market reach across various regions. Together, TimeXtender and Exmon aim to simplify the complexities of managing data, highlighting the importance of high-quality data in driving digital innovation and the use of AI for businesses. https://lnkd.in/dus3p8iC #acquisitions #nordicmade #iceland #denmark #datamanagement #artificialinteligence #startups #trending

Attention all startup enthusiasts! We have just published a thought-provoking article titled "How is Data Analytics Reshaping the Future of European Startups?". This piece dives deep into the transformative power of data analytics and how it's driving the innovation and growth of exciting startups across Europe. We spotlight a remarkable player in this landscape - Idiro Analytics. Founded by Liam Connolly, this Dublin-based enterprise is a driving force in the realm of advanced analytics and big data. Utilizing a potent mix of analytics, data mining, predictive analysis, and data visualization techniques, they are solving data challenges for organizations all over the world, transforming raw data into lucrative insights. Immerse yourself in the world of data analytics and discover the future of European startups now! 👉 https://lnkd.in/dHcmejq6 Big shout out to Idiro Analytics and its founder Liam Connolly for leading the way in this field! #DataAnalytics #EuropeanStartups #BigData #Innovation #IdiroAnalytics #PredictiveAnalytics #DataVisualization

Creating a process to gather and track KPIs from your portfolio companies can seem straightforward, but what do #venturecapital firms need to keep in mind? #Aumni’s latest blog, “KPIs: to Collect or Extract,” breaks down two methods: - KPI Extraction: Pull data from existing sources within the company. This can save time and reduce friction, but might miss context-specific insights crucial for informed decision-making. - KPI Collection: Actively gather data through direct reporting from portfolio companies. This approach ensures tailored insights and thoroughness but can be time-consuming for PortCos. What makes sense for your firm and your portfolio companies? Collection? Extraction? Both? Let’s drill into each and talk about the benefits and tradeoffs: https://lnkd.in/evDXzhYq

🚀 Welcome to Evolve Data! Startups and SMBs deserve cutting-edge data solutions designed for optimal growth. At Evolve Data, the mission is to make advanced data technology accessible and effective for businesses of all sizes, evolving with their needs as they grow. Committed to providing insights that lead to smarter decisions and sustained success. #DataSolutions #StartupGrowth #SMBSuccess #InnovateWithData

Recently read an article on software private equity in 2024. Some points that stood out to me: Spending in cybersecurity and data and analytics will likely increase as companies persist in developing their gen AI capabilities while continuing to secure their application and infrastructure stacks. Generative AI is enabling both disruption and innovation, with an estimated $250 billion of potential spending on gen AI applications. More spend on software due to increased dependence on them to gain efficiency. Proactive shift is expected from spending on labor to third-party off-the-shelf software over the next 3 years! Uneven spending across software categories projected, with significant increase in Cybersecurity & Data & analytics spending(to secure applications, infrastructure) as Gen AI capabilities continue to develop. Check out this McKinsey & Company article to read the entire article. #learningeveryday #sharingisgrowing #ailearning #aileadership

Global, famous brands might not tailor their solutions for smaller businesses, but we do: 👉 Custom Data Grouping: If you have specific ways you group data, we can automatically integrate this into ASK.BI, even if it isn't a standard field in systems like Pantheon. 👉 Regulatory Adaptability: In industries facing frequent regulatory updates, we can adjust ASK.BI to meet new compliance requirements, safeguarding your operations against potential legal challenges. 👉 Scalability for Startups: If your startup is growing rapidly, ASK.BI can scale to manage increasing data volumes without losing performance, ensuring that insights remain timely and relevant. The list of examples could go on, but why not contact Simona Bergant directly to see if ASK.BI can be tailored to your specific needs? ✉️ #BI #ASKBI

Most biotech data teams I talk to have figured out how to work effectively today. What they're worried about is tomorrow. At a biotech startup, there's always an inflection point around the corner - A funding round and it's suddenly time to double the team. A new partnership and it's suddenly time to double the number of programs. A new experiment and it's suddenly 10X the amount of data. You know your team can adapt. You've seen them do it before. But how long will it take? To help biotech data teams begin preparing today so they can adapt more quickly tomorrow, I'm rolling out a new System Evaluation service. Based on a carefully designed rubric, I'll work with teams to identify the highest priority things they need to be ready. If you're serious about preparing your biotech data team for whatever the future holds, check it out and sign up today. The sooner you get started, the more prepared you'll be.

In the currently hyper-competitive business landscape, #DigitalTransformation isn't a buzzword, it's a battle cry. Mid-market firms that haven't embraced digital transformation and cling to outdated processes risk being overshadowed by digital titans. In this article, Jamie Crossman-Smith shares his views on embracing #digital #transformation strategies to guarantee the #survival of #mid-#market #firms. As he puts it: “success lies not just in the adoption of new technologies, but in the ability to adapt, learn, and continuously improve.” Check it out! 📌 #READ → https://lnkd.in/dNe39mTY PS: 📅 #HELPLINE. Want to discuss your article? Need help structuring your story? Make a date with the editors of Low Code for Data Science via Calendly → https://lnkd.in/e2CYdpPf #datascience #digitaltransformation #innovation #technology #KNIME #lowcode #nocode #opensource #visualprogramming

We quietly raised capital from committed investors back in April and are happy to announce that with the additional support over the past 6 months, we have made substantial strides in product development, new hires, and strategic partnerships. Read more about how we are growing as a company and fundamentally changing how businesses access data, analyze carbon credit projects, and make more informed decisions. https://lnkd.in/e6xF-Qgs Rick Beaumont Randall Dongo-Olsen Nicholas K. Natallia Pashko Zahra Thomas Lindsey St. Onge Nicholas Goodman #VCM #VoluntaryCarbonMarkets #DaaS #StartUp #TechStartup #DataAnalytics #DataSolution #DataDrivenDecisions #CarbonNeutral #CarbonCapture #VCFunding #VentureCaptial #CarbonMarkets #CarbonCredits