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It’s time to abandon business intelligence tools

TechCrunch

Organizations spend ungodly amounts of money — millions of dollars — on business intelligence (BI) tools. According to the 2021 State of Analytics report, 99% of knowledge workers had to spend additional time searching for information they couldn’t easily locate in their analytics solution. Why is this the case?

Tools 136
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Oyster, an HR platform for distributed workforces, snaps up $50M on a $475M valuation

TechCrunch

We understand that the funding is coming in at a $475 million valuation, six times the company’s valuation when it last raised money — a $20 million round just four months ago. The company now works with 80 large businesses, he said, helping them fill knowledge worker roles. Oyster is not — yet?

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OpenAI leads $23.5M round in Mem, an AI-powered note-taking app

TechCrunch

The investment values Mem at $110 million post-money and brings the startup’s total raised to $29 million. “We’re confident in our unique approach to self-organizing and generative knowledge management. But today, the OpenAI Startup Fund revealed that it led a $23.5

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UK’s WhiteHat rebrands as Multiverse, raises $44M to build tech apprenticeships in the US

TechCrunch

But today, a startup that is exploring a different route for those interested in technology and knowledge worker positions — specifically by way of apprenticeships to bring in and train younger people on the job — is announcing a significant round of growth funding to see if it can provide a credible, scalable alternative to that model.

Tech 101
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Magical makes $35M appear to move data between webpages

TechCrunch

“We view our main competitors as soul-crushing tasks that every knowledge worker finds themselves doing every day — like typing the same message over and over or copy-and-pasting data across tabs. We see so many knowledge workers still relying on these manual, outdated ways of working,” Sambhi said.

Data 84
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Scratchpad snags $13M Series A to simplify Salesforce data entry

TechCrunch

Co-founder and CEO Pouyan Salehi says that he wasn’t really looking to add capital, but the investors understood his vision and the money will help accelerate the product roadmap. The company has now raised a total of $16.6 million including the $3.6 million seed round we covered in October.

Data 93
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Reform your startup’s meeting culture

TechCrunch

Chuck Phillips is the co-founder of MeetWell , an application that enables teams to achieve a better work-life balance while saving companies money by reducing the amount of bad meetings they attend.

Culture 76