• Singa

  Participated · Equity · Jun 2017

  Singa builds a truly digital streaming service for karaoke, aiming to modernize a $15 billion industry with a Netflix/Spotify-like user experience. The consumer app provides access to the largest licensed karaoke catalogue on any device, with social features and a venue finder. On the B2B side Singa supplies karaoke, background music, and display-advertising software to help bars and nightlife venues grow revenue. Since 2015 the company has expanded to 10 countries and grown to a 30-strong team. Singa operates a rapidly growing network of over 800 Singa-powered venues across Europe, the United States, Canada, and Australia. The company has launched in North America and is using a crowdfunding campaign to accelerate its go-to-market motion; before the campaign it disclosed €1.4M in anchor commitments plus a prior €3M round, totaling €4.4M pre-crowdfunding. Singa is an all-digital karaoke service that provides native iOS, Android, Web, Apple TV and SmartTV apps with access to over 20,000 fully licensed karaoke songs. The product serves both consumers and commercial venues, offering a fully digital karaoke solution for bars, entertainment venues, schools, libraries and elderly care homes. The company was co-founded in 2013 by Atte Hujanen (CEO) and Tomi Pajunen (CTO) and is based in Helsinki, Finland. Singa has 16 employees and will use its new funding to execute a go-to-market push into new markets and to scale operations. To date the company has raised more than €2.65M.

• Plate IQ

  Participated · Equity · Mar 2017

  Plate IQ provides Zero-Touch accounts-payable (AP) automation and a payments network (VendorPay) that lets customers pay vendors directly and earn cash back. The platform supports invoice management and payments for recurring and one-time expenses with a cloud-first approach. Plate IQ’s VendorPay network enables vendors to track payment status and reconcile invoices digitally and connects customers to more than 180,000 vendors. The company says it processes more than 50,000 invoices daily, serves over 20,000 customers, and handles more than $1 billion in direct vendor payments annually; it had processed over $2 billion in invoice payments through VendorPay as of October 2021. Since March 2020 Plate IQ added over 8,000 customers, reflecting strong post-pandemic demand for digital payments and back-office automation. Plate IQ’s vertical-first strategy targets restaurants and hospitality today and plans expansion into other verticals such as grocery, professional services, and retail with a pipeline of vertically-specialized products. PlateIQ offers a mobile app that lets restaurant managers photograph paper invoices, automatically digitizes them, extracts invoice data and syncs it with accounting software such as QuickBooks. The platform also enables mobile vendor payments and tracks ingredient costs over time to inform menu and vendor decisions. PlateIQ says it works with more than 1,000 restaurants, including customers such as Nobu Restaurants, the Thomas Keller Restaurant Group, Vino Volo and Quince. The company plans to use new funding for hiring and geographic expansion into Europe and Canada and aims to democratize analytics for operations of all sizes. PlateIQ previously faced direct competition from Sourcery, though Sourcery has since expanded beyond restaurants into wholesale vendors and other sectors. The startup positions its restaurant specialization as a way to capture a share of a large market the National Restaurant Association values at $799 billion in annual sales. Plate IQ provides a mobile app and cloud SaaS that uses smartphone photos, OCR and machine learning to convert paper supplier invoices into structured data and analytics for restaurants. The product extracts and categorizes invoice line items, normalizes units of measure and integrates with QuickBooks. Plate IQ launched its SaaS in June and currently serves about 65 restaurant customers, mostly in San Francisco with some in New York, ingesting roughly 1,000 invoices per day and encountering 1,200+ vendors. The company charges a subscription that varies by size and number of locations. Its roadmap focuses on adding predictive intelligence around food pricing and inventory optimization to advise restaurants on when to buy and how to cost dishes. Target customers are restaurants with more than two up to about 15 locations, with larger chains expressing interest once additional features are built.

• Mezmo

  Participated · Equity · Jul 2016

  LogDNA provides a cloud-first observability data platform that ingests, normalizes, and routes massive amounts of machine and log data to the tools and teams that need it. The company focuses on enabling developers, SREs, platform engineers, and security teams to capture the value of data in motion rather than just data at rest. LogDNA has shown substantial growth—Deloitte cited 1,293% revenue growth from 2017–2020—and has more than tripled its team in recent years while expanding its customer base to include brands such as Lifesize, Reltio, Asics, Better.com, Sysdig, and 6 River Systems. Since 2018 LogDNA has been the sole logging provider for IBM Cloud. The company plans to use the investment to deliver a new observability data pipeline solution (generally available in 2022), expand its team, and broaden strategic partnerships and integrations. Its platform is positioned to address cost, workflow, and scale challenges in modern cloud-native environments. LogDNA provides a centralized way for DevOps teams to manage and search log data to troubleshoot issues and accelerate application delivery. The product grew out of a marketing-technology backend and the company was part of Y Combinator's winter 2015 cohort. LogDNA serves roughly 3,000 customers and has about 100 employees. The company has a strategic partnership with IBM to provide logging services for IBM Cloud. Management is transitioning leadership to Tucker Callaway as CEO while co-founder Chris Nguyen moves to chief strategy officer. LogDNA plans to continue hiring and is prioritizing diversity and inclusion measures, including unconscious-bias training and an external review of hiring practices. LogDNA provides multi-cloud log management applications that give insight into development and production environments. Its platform enables teams to ingest, aggregate and view all of their log data regardless of data residency and infrastructure, with deployment options for self-hosted, cloud and multi-cloud environments. LogDNA can begin collecting and analyzing logs from AWS, Docker, Heroku and Elastic with virtually zero onboarding time and can send logs via Syslog, code library or agent. The company serves over 2,000 customers, including IBM, Instacart and Lime. Led by co-founder and CEO Chris Nguyen, LogDNA intends to use the new funding to scale its engineering, sales and marketing teams. LogDNA is an intelligent logging system that provides fast, intuitive log management for DevOps teams. The platform has seen 1,000 percent user growth in the past 12 months, surpassing 10,000 users, and many customers are logging 5–10 terabytes per day. LogDNA plans to use its new funding to invest in machine learning to help prevent server outages, to enable deployment on private clouds, and to expand its sales, marketing, and engineering teams in California. The company hopes to release on-premise and private-cloud access for larger enterprises in the next few months to meet demand driven by compliance and security requirements. LogDNA is already HIPAA compliant for healthcare customers, with SOC2 and PCI certifications described as in progress. Founders Chris Nguyen and Lee Liu, Ryerson University graduates, moved to Silicon Valley after participating in Y Combinator's Winter 2015 cohort. LogDNA was founded by Chris Nguyen and Lee Liu after a “Slack moment” when a tool they built for their ecommerce business proved more valuable than the original product. The company provides logging and server-management tools that aim to proactively identify patterns in log data to reduce outages and alert DevOps teams before failures occur. It offers a free plan that stores up to 50GB of log data per month and an enterprise tier priced at $999 per month for up to 1TB. With fresh funding, LogDNA intends to add more product features, integrate into other services, and work to improve its user numbers. The service is positioned for business customers who need to maintain a strong digital presence and minimize disruptions. Competitors named in the article include Loggly, Logentries, Sumo Logic, and Scalyr.

• Siklu

  Participated · Series D · Aug 2015

  Siklu develops millimeter-wave (mmWave) wireless solutions used for video surveillance, Wi‑Fi backhaul and access to residential multi-dwelling units (MDU). The company also supplies connectivity for business customers and its products already cover thousands of fiber extensions for 3G/LTE telecommunications networks. Siklu is led by Co-Founder, Chairman and President Izik Kirshenbaum. The company is based in Fair Lawn, New Jersey and Petach Tikva, Israel. It intends to use recent financing to accelerate growth and improve its market position. The product focus and deployed base position Siklu to expand further in backhaul and access markets. Siklu delivers scalable, carrier-grade millimeter wave Gigabit Ethernet radio solutions for mobile backhaul, Carrier Ethernet business services, enterprise, and vertical applications. Its EtherHaul radios use a silicon-based millimeter wave design the company says can deliver gigabit speeds over uncongested spectrum while costing as little as 20% of competing systems and offering low total cost of ownership. Products incorporate on-board advanced networking capabilities and a miniature picocell architecture aimed at cost-effective 4G/LTE backhaul. The company reports hundreds of links deployed in Europe, initial trials in the U.S. and India, and design wins from leading mobile operators. Siklu will use the Series B proceeds to extend its picocell backhaul product line for 4G/LTE and beyond and to expand marketing and sales in the U.S. and Indian markets. It recently closed a $19M Series B to fund these plans. Founded/operating since 2008, Siklu is a Delaware company with R&D and operations near Tel Aviv, Israel.

• Panaya

  Participated · Series C · Jun 2010

  Panaya offers a cloud-based SaaS platform that simulates ERP upgrades, pinpoints which custom programs will break, and automatically fixes many issues while generating and executing plain-English test scripts. The product targets SAP and Oracle E-Business Suite customers and claims to reduce 70% of upgrade and testing risk and effort. The company leverages a cloud-based "supercomputer" to accelerate testing and eliminate manual test script maintenance. Panaya has crossed the 850-customer mark, with most customers on SAP and over 100 customers using its Oracle EBS solution. The company is pursuing an aggressive growth strategy, using new funding to expand marketing and sales, invest in product development, support additional packaged applications, and consider inorganic growth opportunities. As part of expansion it opened regional offices in Saddle Brook, New Jersey; Karlsruhe, Germany; and Tokyo, Japan. Panaya provides a cloud-based SaaS platform that automates upgrades for ERP applications, primarily SAP with planned support for Oracle. Its web app identifies errors that will occur as a result of an upgrade, automatically corrects certain issues, creates test plans, and estimates project budgets. The service is designed to reduce application lifecycle costs for companies undergoing ERP upgrades. Panaya reports customers including Bosch, The Home Depot, Mercedes‑Benz, Shell, Sony, and Volvo. The company plans to extend the service to Oracle E-Business Suite users in 2011. Financially, Panaya announced a $6 million injection from Hasso Plattner Ventures. Panaya provides a cloud-computing Software as a Service that automates SAP maintenance projects and upgrades. Its platform shows which custom SAP programs will break as a result of an upgrade, explains how to fix them, derives the most efficient test plan and calculates the required budget and resources for the project. The company raised $7M in a Series C funding round to support its growth. Proceeds are intended to hire product development, sales, and marketing professionals to continue global expansion. Panaya is based in Menlo Park, California and also operates offices in Raanana, Israel. The company previously raised a funding round led by Benchmark Capital and the Tamares Group.

No current team members are available.