Squaring Databricks’ 2021 valuation as it crosses a $1B annual run rate

Databricks, an enterprise software company focused on data and analytics, announced this morning that it has surpassed a $1 billion annual revenue run rate. The Wall Street Journal first reported news of the financial result. The milestone comes after the company...

What the wave of layoffs says about the value of crypto exchanges

The crypto sell-off of the last several days was preceded by staffing cuts at several companies in the business of facilitating the trading of decentralized assets and tokens. Reductions at Gemini and Crypto.com were superseded today by news that Coinbase is cutting...

Why web3 companies get hacked so often, according to crypto VC Grace Isford

On the Chain Reaction podcast this week, Lux Capital’s newest investor, Grace Isford, joined us to talk about the opaque but crucial world of web3 infrastructure. At Lux, Isford invests in the companies working behind the scenes to make sure crypto exchanges...

Google Cloud and SAP launch a native integration between Workspace and S/4HANA Cloud

Google and SAP have partnered around a number of different projects over the years and Google Cloud, just like its competitors, is a strategic cloud partner for RISE with SAP, the German enterprise software company’s program to help its customers move to the...