TechTaffy

tech:

taffy

Simplus closes $9.3 million funding round

By TechTaffy Desk

Simplus, a Salesforce-certified partner working on Quote-to-Cash implementations, has closed a Series B funding round of $9.3 million. Epic Ventures led Simpus’ investment, and was joined by existing investor Salesforce Ventures, as well as Cross Creek Advisors. In another development, the company acquired consulting firm CRM Manager.

Simplus additionally raised $8.5 million in debt financing from Silicon Valley Bank for a total of $17.8 million. A portion of the $9.3 million equity infusion was used to acquire CRM Manager.

CRM Manager is Simplus’ fourth Salesforce partner acquisition, since the company received Series A funding in Q3 2016. Other Simplus acquisitions include BaldPeak, Basati and EDL Consulting.

[Image courtesy: Simplus]

Just in

Industry

Boston Dynamics unveils fully-electric Atlas robot

Boston Dynamics is retiring its hydraulic Atlas robot and introducing a fully electric version of its humanoid robots. 
Industry

Tech giants urge EU to prioritize digital competitiveness and infrastructure investment

Five major technology companies - Ericsson, IBM, Intel, Nokia, and Vodafone - called on European policymakers to take urgent action to boost Europe's digital competitiveness and keep it a priority for the incoming European Commission.
AI

Intel’s neuromorphic system has neuron capacity of an owl’s brain

Intel says it has built the world's largest neuromorphic computing system called Hala Point, that has the neuron capacity roughly equivalent to that of an owl brain.
AI

AMD launches AI chips for business PCs

AMD has announced new Ryzen PRO 8040 Series mobile processors and Ryzen PRO 8000 Series desktop processors with AI capabilities.
AI

Adobe previews generative AI features in Premiere Pro

Adobe has previewed generative AI features within its video editing software, Adobe Premiere Pro, aimed at streamlining video creation and production workflows.