The past year has been tough for all kinds of tech investments. This LUMA report offers an overview of martech, adtech, and content tech financial activity in public markets, private financing, and mergers and acquisitions. To summarize a mixed picture: the bleeding has stopped but growth has not yet resumed.
Kenjo, the startup for comprehensive human resources (HR) software designed for small and medium-sized enterprises, achieved a successful Series A funding round, securing an investment of USD$9.4 million, led by the Hi Inov fund. With these funds, Kenjo aims to consolidate its position as a leader in the Latin American market for HR software. Their platform focuses on optimizing key processes such as attendance control, vacation and absence management, payroll, scheduling, data analysis, and performance evaluations, among others.
Generative AI has huge potential to remove data integration bottlenecks. Boomi just released Boomi GPT, a conversational interface to create data connectors, APIs or master data models. SnapLogic, which released gen-AI-based SnapGPT back in March, has just expanded it to include Anthropic’s Claude 2 large language model on the Amazon Bedrock managed service.
Google will begin the U.S. rollout of its much-anticipated generative AI search capability this week, with rollout in other countries “coming soon.” Search results include links to information sources but Website owners still worry that detailed answers will result in fewer people clicking past Google to their own websites. From Google’s perspective that’s a feature, not a bug.