Metal 3D printing startup Mantle launches out of stealth with $13M in funding

Additive manufacturing has been a popular buzz phrase for decades now. With a smattering of notable exceptions, however, 3D printing has largely been focused on rapid prototyping and limited-run, personal products. Metal 3D printing companies like Mantle represent an intriguing use case on the road to truly scaling the tech to mass manufacturing.

Arriving out of stealth today, the Bay Area-based company is not focused on replacing traditional manufacturing methods, as much as augmenting and improving them. Specifically, the startup is focusing its technology in helping creating better molds and dies for manufacturers.

There are, of course, a number of companies currently competing in the printable metal category. Notable names include Desktop Metal, ExOne and Markforged. Armed with $13 million in funding from Foundation Capital, Hypertherm Ventures, Future Shape, 11.2 capital, Plug and Play Ventures and Corazon Capital, Mantle seeks to differentiate itself with a machine capable of removing some steps from the process.

“The main difference, having interacted with 3D printing for close to three decades, is really around the focus on these use cases that are production oriented,” Foundational Capital General Partner Steve Vassallo tells TechCrunch. “The vast majority of 3D printing is to make a prototype as quickly as possible. To actually make something that can be used in production environments — real parts that you can use — has never been done before.”

Built on the familiar binder jetting, the company’s machine (roughly “The size of two standing desks” its says) builds part finishing into the process.

“Ours is the first sintering-based hybrid technology that does shape refinement prior to going into the furnace,” CEO Ted Sorom tells TechCrunch. “We do it with a unique material that’s designed not only to be deposited into a very dense body but to also be cut with high-speed cutting tools. That allows us to get a totally different level of surface detail than anyone’s able to get today.”

The company has thus far announced L’Oréal as its first partner. The cosmetics giant will be using Mantle’s printers to create precision molds for products and packaging.

Tony Fadell, of Future Shape Mantle, added in a comment offered to TechCunch, “Mantle gives you the superpowers to make Apple-quality mechanical parts in days not months and lowers your cost by orders of magnitude. That speed and affordability lets you iterate to get your parts to perfection and still lets you launch much earlier.”

#11-2-capital, #3d-printing, #corazon-capital, #foundation-capital, #funding, #future-shape, #hardware, #hypertherm-ventures, #mantle, #metal-printing, #plug-and-play-ventures, #recent-funding, #startups

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Mexican online grocer Jüsto raises $65M in General Atlantic-led Series A

Jüsto, an online supermarket based in Mexico City, announced Tuesday it has raised $65 million in Series A round led by General Atlantic.

The amount is sizable for a Series A in general, but supersized for a LatAm startup. In fact, according to Pitchbook data cited by General Atlantic, the round represents the largest Series A raised in Latin America in the past decade.

Existing backers also participated in the round including Foundation Capital and Mountain Nazca.

Ricardo Weder, former president of Cabify (a large ride-sharing company operating in Latin America, Spain, and Portugal) founded Jüsto in 2019 with a mission to “disrupt the Latin American grocery industry.” It claims to be the first supermarket in Mexico with no physical store. Customers can buy their groceries directly from the website or via the app and Jüsto delivers the order to the customer’s location of choice.

The concept is clearly resonating with consumers as Jüsto saw impressive growth in 2020 with a 16-fold increase in revenue. 

Jüsto prides itself on working directly with fresh produce suppliers so that it can offer “the freshest” fruits, vegetables, meats and fish in the market. It also offers a variety of products such as pantry staples, personal hygiene and beauty, home and cleaning, drinks and pet-related items.

The startup only sells items from local suppliers, with whom it prides itself on developing fair trade agreements. (“Jüsto” means fair in Spanish) It also uses artificial intelligence to forecast demand and to try and reduce food waste at its micro-fulfillment centers. The company’s approach results in “competitive prices, lower transaction costs, and improved convenience to consumers by eliminating intermediaries in the supply chain,” according to the company.

Looking ahead, Jüsto plans to use its new capital on expanding across Mexico and Latin America as a whole, enhancing its last-mile logistics infrastructure and marketing initiatives.

Luis Cervantes, managing director and head of Mexico City for General Atlantic, believes Mexico is at an inflection point in its transition to a digital economy.

“We see Jüsto as leading the way in the high-growth online grocery space with its technology-centric, mission-driven approach,” he said in a written statement. “Under Ricardo’s leadership, we believe Jüsto is positioned for significant expansion as it disrupts and transforms the legacy grocery value chain.”

 Jüsto marks General Atlantic’s fifth investment in Mexico since 2014. Since then, General Atlantic has invested nearly USD $1 billion in what it describes as “high-growth” Mexican companies. 

The financing brings Jüsto’s total raised to over $100 million. Other investors include FEMSA Ventures, S7V, Elevar Equity, Bimbo Ventures, Quiet Capital, Sweet Capital, H2O Capital  and SV LatAm Capital, among others.

#artificial-intelligence, #ecommerce, #foundation-capital, #funding, #general-atlantic, #grocery-store, #justo, #latin-america, #mexico, #mexico-city, #recent-funding, #startups, #tc

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Joanne Chen just became the first woman GP at Foundation Capital since founder Kathryn Gould

Joanne Chen just became the second general partner in the history of the now 26-year-old, Silicon Valley venture firm, Foundation Capital.

Were she still alive, Foundation’s founder, Kathyrn Gould, would undoubtedly cheer the development.

Known for her big personality, Gould first met Chen when Chen was an MBA student at the University of Chicago. Gould was recovering from a bout with cancer at the time, and after being introduced to Chen through one of Chen’s professors, she initially advised Chen not to go into venture. As Gould herself discovered early on, doors open more easily to men in the venture world, which is why she’d started her own firm in the first place.

Yet, like Gould, being dissuaded only motivated Chen more. While she began her career as an engineer at Cisco, she was long interested in finance, jumping into a banking analyst role with Jeffries, then working as an associate with the capital advisory firm Probitas before cofounding a mobile gaming company she would later wind down.

Indeed, grad school in Chicago — and meeting Gould — only reinforced for Chen how much she wanted to become a VC, and following stints at Formation 8 and Hyde Park Angels, she landed at Foundation in 2014. (Sadly, Gould passed away in 2015.)

Certainly, Chen has brought a fresh perspective to a firm that features 10 investors altogether, the rest men.

Aside from being the only woman in the group, Chen has a strong point of view, for example, on the entrepreneurial potential of students from U.C. Berkeley, where she studied as an undergraduate. While the university is not nearly so organized as Stanford when it comes to minting founders, in her view it has just as much talent and, as a result, it’s a network into which she invests a lot of time and energy as an investor.

Chen, who was born in China and great up in Montreal, also spends a lot of time thinking about AI, both as an investor and also simply a person in the world. Her father, who received his PhD from the University of Montreal, went on to work at Bell Labs as a researcher, and her mother is a computer programmer and “DevOps person” who Chen routinely talks with about software tools. But their background isn’t so simple.

Like many immigrants, her parents fled China during the Cultural Revolution. Because her grandfather helped architect a major telecom company in China, he was persecuted by the Communist Party, stripped of all his responsibilities and titles and, as an “intellectual,” says Chen, thrown in jail. Meanwhile, his son (her father) wasn’t allowed to start college until he was 21, and it was only because he was a good student that was he invited abroad to obtain his master’s degree.

Today, her family’s experience combined with China’s use of artificial intelligence — including to track its Muslim minority — is top of mind for Chen in ways it may not be for someone with a lesser grasp of the lengths to which authoritarian regimes will go, and how quickly they can act.

It’s why most of Chen’s work centers on understanding how AI, from how machines evolve from organizing activity to replacing humans (which will definitely happen, says Chen); to how to recognize and counter malicious applications of AI with AI (such as through recruiting software that screens out names and gender to eliminate human bias); and how to otherwise make sure that AI is used to improve human life, she suggests.

Of course, Chen isn’t exactly alone in her interest in AI. Nearly every startup today incorporates — or says it does — AI into its offerings, from lending companies to startups that help remote teams work more effectively. And investors, including at Foundation, have funded many of them.

Asked how she deals with competition for many of these deals, Chen says she moves as fast when there’s a decision to be made. She engages with VPs of engineering and technical founders who share ideas through Slack communities and elsewhere. She also notes that Foundation provides capital to roughly 30 operators who write angel checks and help steer the firm’s attention to interesting deals.

Mostly, suggests Chen, she focuses on whatever is not landing in her inbox — a lesson learned in part from Gould years ago.

It’s easy to believe. As Gould once told this editor of the advice she gives to other VCs: “It not the calls you take. It’s the calls you make. Everyone is calling you with dumb startup ideas, and you can stay hugely busy sorting through that crap. My advice instead is to figure out who are the 10 to 20 smartest people you know and call them. One of them is always starting a company.”

#brightback, #foundation-capital, #kathryn-gould, #oasis-labs, #tc, #venture-capital, #watchful

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Stacklet raises $18M for its cloud governance platform

Stacklet, a startup that is commercializing the Cloud Custodian open-source cloud governance project, today announced that it has raised an $18 million Series A funding round. The round was led by Addition, with participation from Foundation Capital and new individual investor Liam Randall, who is joining the company as VP of business development. Addition and Foundation Capital also invested in Stacklet’s seed round, which the company announced last August. This new round brings the company’s total funding to $22 million.

Stacklet helps enterprises manage their data governance stance across different clouds, accounts, policies and regions, with a focus on security, cost optimization and regulatory compliance. The service offers its users a set of pre-defined policy packs that encode best practices for access to cloud resources, though users can obviously also specify their own rules. In addition, Stacklet offers a number of analytics functions around policy health and resource auditing, as well as a real-time inventory and change management logs for a company’s cloud assets.

The company was co-founded by Travis Stanfield (CEO) and Kapil Thangavelu (CTO). Both bring a lot of industry expertise to the table. Stanfield spent time as an engineer at Microsoft and leading DealerTrack Technologies, while Thangavelu worked at Canonical and most recently in Amazon’s AWSOpen team. Thangavelu is also one of the co-creators of the Cloud Custodian project, which was first incubated at Capital One, where the two co-founders met during their time there, and is now a sandbox project under the Cloud Native Computing Foundation’s umbrella.

“When I joined Capital One, they had made the executive decision to go all-in on cloud and close their data centers,” Thangavelu told me. “I got to join on the ground floor of that movement and Custodian was born as a side project, looking at some of the governance and security needs that large regulated enterprises have as they move into the cloud.”

As companies have sped up their move to the cloud during the pandemic, the need for products like Stacklets has also increased. The company isn’t naming most of its customers, but one of them is FICO, among a number of other larger enterprises. Stacklet isn’t purely focused on the enterprise, though. “Once the cloud infrastructure becomes — for a particular organization — large enough that it’s not knowable in a single person’s head, we can deliver value for you at that time and certainly, whether it’s through the open source or through Stacklet, we will have a story there.” The Cloud Custodian open-source project is already seeing serious use among large enterprises, though, and Stacklet obviously benefits from that as well.

“In just 8 months, Travis and Kapil have gone from an idea to a functioning team with 15 employees, signed early Fortune 2000 design partners and are well on their way to building the Stacklet commercial platform,” Foundation Capital’s Sid Trivedi said. “They’ve done all this while sheltered in place at home during a once-in-a-lifetime global pandemic. This is the type of velocity that investors look for from an early-stage company.”

Looking ahead, the team plans to use the new funding to continue to developed the product, which should be generally available later this year, expand both its engineering and its go-to-market teams and continue to grow the open-source community around Cloud Custodian.

#cloud, #cloud-computing, #cloud-custodian, #cloud-infrastructure, #cloud-native-computing-foundation, #computing, #engineer, #enterprise, #foundation-capital, #kapil-thangavelu, #microsoft, #recent-funding, #stacklet, #startups, #tc

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Parrot Software has $1.2 million to grow its restaurant point-of-sale and management service in Mexico

The two founders of Parrot Software, Roberto Cebrián and David Villarreal, first met in high school in Monterrey, Mexico. In the eleven years since , both have pursued successful careers in the tech industry and became family (they’re brothers-in-law).

Now, they’re starting a new business together leveraging Cebrián’s experience running a point-of-sale company and Villarreal’s time working first at Uber and then at the high-growth, scooter and bike rental startup, Grin.

Cebrían’s experience founding the point-of-sale company S3 Software laid the foundation for Parrot Software, and its point of sale service to manage restaurant operations. 

Roberto has been in the industry for the past six or seven years,” said Villarreal. “And he was telling me that no one has been serving [restaurants] properly… Roberto pitched me the idea and I got super involved and decided to start the company.”

Parrot Software co-founders Roberto Cebrían and David Villarreal. Image Credit: Parrot Software

Like Toast in the U.S., Parrot  manages payments including online and payments and real-time ordering, along with integrations into services that can manage the back-end operations of a restaurant too, according to Villarreal. Those services include things like delivery software, accounting and loyalty systems.  

The company is already live in over 500 restaurants in Mexico and is used by chains including Cinnabon, Dairy Queen, Grupo Costeño, and Grupo Pangea.

Based in Monterrey, Mexico, the company has managed to attract a slew of high profile North American investors including Joe Montana’s Liquid2 Ventures, Foundation Capital, Superhuman angel fund, Toby Spinoza, the vice president of DoorDash, and Ed Baker, a product lead at Uber.

Since its launch, the company has managed to land contracts in 10 cities, with the largest presence in Northeastern Mexico, around Monterrey, said Villarreal.

The market for restaurant management software is large and growing. It’s a big category that’s expected to reach $6.94 billion in sales worldwide by 2025, according to a reporter from Grand View Research.

Investors in the U.S. market certainly believe in the potential opportunity for a business like Toast. That company has raised nearly $1 billion in funding from firms like Bessemer Venture Partners, the private equity firm TPG, and Tiger Global Management.

#bessemer-venture-partners, #doordash, #foundation-capital, #free-software, #grin, #mexico, #point-of-sale, #reporter, #software, #tc, #tiger-global-management, #trade, #uber, #united-states

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Stacklet launches cloud governance platform with $4.4M seed investment

Stacklet co-founders Travis Stanfield and Kapil Thangavelu met while both were working at Capital One several years ago. Thangavelu helped create the Cloud Custodian open source cloud governance project. The two eventually got together and decided to build a startup based on that project and today the company launched out of stealth with a $4.4 million seed investment from Foundation Capital and Addition Ventures.

Stanfield, who is CEO at the young startup, says that Cloud Custodian came about as Capital One was moving to a fully cloud approach in around 2013. As the company looked for ways to deal with compliance and governance, it found that organizations like theirs were forced to do one-off scripts and they were looking for a way that could be repeatable and scale.

“Cloud Custodian was developed as a way of understanding what all those one-off scripts were doing, looking at the cloud control plane, finding the interesting set of resources, and then taking sensitive actions on them,” he explained.

After leaving Capital One, and going off in different directions for a time, the two came together this year to start Stacklet as a way to nurture the underlying open source project Thangavelu helped build, and build a commercial company to add some functionality to make it easier for enterprises to implement and understand.

While cloud administrators can download and figure out how to use the raw open source, Stacklet is attempting to make that easier by providing an administrative layer to manage usage across thousands of cloud accounts along with pre-packaged sets of common kinds of compliance requirements out of the box, analytics to understand how the tool is doing and what it’s finding in terms of issues, and finally a resources database to understand all of the cloud resources under management.

The company has 8 employees including the two founders and hopes to add a few more in the coming months. The open source project has 270 contributors from around the world. The startup is looking to build diversity through being fully remote. Not being limited by geography means that they can hire from anywhere, and that can help lead to a more diverse group of employees.

The founders admit that it’s a tough time to start a company and to be fundraising, but on the bright side didn’t have to be on a plane to San Francisco every week during the process.

In fact, Sid Trivedi, partner at Foundation Capital said that this was his first investment where he never met the founders in person, but he said through long discussions he learned “their passion for the opportunity at hand, experience of the market dynamics and vision for how they would solve the problem of meeting the needs of both IT/security admins and developers.”

#capital-one, #cloud, #cloud-governance, #enterprise, #foundation-capital, #funding, #open-source, #recent-funding, #stacklet, #startups

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Shelf Engine has a plan to reduce food waste at grocery stores, and $12 million in new cash to see i

For the first few months it was operating, Shelf Engine, the Seattle-based company that optimizes the process of stocking store shelves for supermarkets and groceries, didn’t have a name.

Co-founders Stefan Kalb and Bede Jordan were on a ski trip outside of Salt Lake City about four years ago when they began discussing what, exactly, could be done about the problem of food waste in the US.

Kalb is a serial entrepreneur whose first business was a food distribution company called Molly’s, which was sold to a company called HomeGrown back in 2019.

A graduate of Western Washington University with a degree in actuarial science, Kalb says he started his food company to make a difference in the world. While Molly’s did, indeed, promote healthy eating, the problem that Kalb and Bede, a former Microsoft engineer, are tackling at Shelf Engine may have even more of an impact.

Food waste isn’t just bad for its inefficiency in the face of a massive problem in the US with food insecurity for citizens, it’s also bad for the environment.

Shelf Engine proposes to tackle the problem by providing demand forecasting for perishable food items. The idea is to wring inefficiencies out of the ordering system. Typically about a third of food gets thrown out of the bakery section and other highly perishable goods stocked on store shelves. Shelf Engine guarantees use for the store and any items that remain unsold the company will pay for.

Image: OstapenkoOlena/iStock

Shelf Engine gets information about how much sales a store typically sees for particular items and can then predict how much demand for a particular product there will be. The company makes money off of the arbitrage between how much it pays for goods from vendors and how much it sells to grocers.

It allows groceries to lower the food waste and have a broader variety of products on shelves for customers.

Shelf Engine initially went to market with a product that it was hoping to sell to groceries, but found more traction by becoming a marketplace and perfecting its models on how much of a particular item needs to go on store shelves.

The next item on the agenda for Bede and Kalb is to get insights into secondary sources like imperfect produce resellers or other grocery stores that work as an outlet.

The business model is already showing results at around 400 stores in the Northwest, according to Kalb and it now has another $12 million in financing to go to market.

The funds came from Garry Tan’s Initialized and GGV (and GGV managing director Hans Tung has a seat on the company’s board). Other investors in the company include Foundation Capital, Bain Capital, 1984 and Correlation Ventures .

Kalb said the money from the round will be used to scale up the engineering team and its sales and acquisition process.

The investment in Shelf Engine is part of a wave of new technology applications coming to the grocery store, as Sunny Dhillon, a partner at Signia Ventures, wrote in a piece for TechCrunch’s Extra Crunch.

“Grocery margins will always be razor thin, and the difference between a profitable and unprofitable grocer is often just cents on the dollar,” Dhillon wrote. “Thus, as the adoption of e-grocery becomes more commonplace, retailers must not only optimize their fulfillment operations (e.g, MFCs), but also the logistics of delivery to a customer’s doorstep to ensure speed and quality (e.g., darkstores).”

Beyond Dhillon’s version of a delivery only grocery network with mobile fulfillment centers and dark stores, there’s a lot of room for chains with existing real estate and bespoke shopping options to increase their margins on perishable goods as well.

 

#bain-capital, #correlation-ventures, #e-grocery, #engineer, #food, #food-waste, #foundation-capital, #ggv, #grocery-store, #hans-tung, #marketing, #microsoft, #molly, #packaging, #partner, #real-estate, #retail, #retailers, #salt-lake-city, #seattle, #serial-entrepreneur, #shelf-engine, #signia-ventures, #sunny-dhillon, #tc, #united-states

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Medley, a life and career coaching community for everyone, launches today

As we speak, there are professional networks for women executives, mothers, owners of small and medium-sized businesses, and many more.

Medley, a new membership-based community that launches today, is looking to do things a little bit different. Instead of bringing together a specific category of people, the goal of Medley is to connect users with people who aren’t just like them.

Founded by mom and daughter duo Edith Cooper and Jordan Taylor, Medley is backed by a variety of angel investors including Jen Rubio, Tim Armstrong, Damien Dwin, as well as Foundation Capital. The company declined to disclose the amount raised.

Cooper and Taylor told TechCrunch that one of the biggest challenges with the product is defining what it is. Unlike some other professional membership communities, Medley isn’t solely focused on career growth, but rather incorporates personal growth into the framework.

“Medley is really about the connection between your career, your personal growth and your philosophy in life,” said Edith Cooper. “What I experienced is that people no longer want there to be strict barriers between those aspects of their lives.”

Folks who join Medley spend about 15 minutes on the application process, answering a wide range of questions that take a look at personal and professional information, but also at their general psychology and personality type.

From there, Medley matches users into a group of eight with the precise goal of ensuring that there is diversity among that small group. Some may be older, while others are younger. They may come from different racial backgrounds or different industries. Men and women alike will meet together in their groups.

An expert executive coach is also in on these monthly group meetings (which are currently being held virtually due to the coronavirus pandemic), and guides the group as they share about themselves and learn about their groupmates, all the while focusing on communication.

Prior to Medley, Cooper was a partner at Goldman Sachs for twenty years, and spent the last decade of her tenure as Global Head of Human Capital Management. Taylor was Chief of Staff at Mic, and was also a consultant at Boston Consulting Group and a Baker Scholar from Harvard Business School.

“There is one main theme for my investment thesis, which is the change to direct empowerment and direct ownership of relationships between people and everything else,” said Tim Armstrong . “Just like you may have a direct relationship with your gym or personal trainer — which a lot of people do and it’s an industry that’s growing tremendously — most people have not taken direct ownership of their careers. They end up outsourcing to the companies they work for that don’t have the resources to do development.”

He added that Medley is a gym for your mind and your career.

Medley’s target demographic is people in their late 20s, early 30s, who are starting to think more long-term about their choices both professionally and personally.

That said, part of what makes Medley special is that it’s open to anyone who’s curious to learn, grow and explore other people. As such, Medley is available on an opportunity-based sliding scale for the annual membership fee to ensure the community remains inclusive. Founding memberships are available now for $150/month or $1,500 annually.

Cooper explained that some of the biggest barriers for Medley are in the midst of being broken down.

“We don’t have to explain anymore that different perspectives are valuable,” said Cooper. “We don’t have to explain anymore why it’s so important to have intentional conversations and dialogue with people, or that we can do that virtually as well as in person. Some of the biggest things that we were focused on communicating about this business and this offering have been broken down as a result of the push and inertia of the other things that are going on in society.”

#edith-cooper, #foundation-capital, #jen-rubio, #jordan-taylor, #medley, #social, #startups, #tc, #tim-armstrong

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Skyflow raises $7.5M to build its privacy API business

Skyflow, a Mountain View-based privacy API company, announced this morning that it has closed a $7.5 million round of capital it describes as a seed investment. Foundation Capital’s Ashu Garg led the round, with the company touting smaller checks from Jeff Immelt (former GE CEO) and Jonathan Bush (former AthenaHealth CEO).

For Skyflow, founded in 2019, the capital raise and its constituent announcement mark an exit from quasi-stealth mode.

TechCrunch knew a little about Skyflow before it announced its seed round because one if its co-founders, Anshu Sharma is a former Salesforce executive and former venture partner at Storm Ventures, a venture capital firm that focuses on enterprise SaaS businesses. That he left the venture world to eventually found something new caught our eye.

Sharma co-founded the company with Prakash Khot, another former Salesforce denizen.

So what is Skyflow? In a sense it’s the nexus between two trends, namely the growing importance of data security (privacy, in other words), and API -based companies. Skyflow’s product is an API that allows its customers — businesses, not individuals — to store sensitive user information, like Social Security numbers, securely.

Chatting with Sharma in advance of the funding, the CEO told TechCrunch that many providers of cybersecurity solutions today sell products that raise a company’s walls a little higher against certain threats. Once breached, however, the data stored inside is loose. Skyflow wants to make sure that its customers cannot lose your personal information.

Sharma likened Skyflow to other API companies that work to take complex services — Twilio’s telephony API, Stripe’s payments API, and so forth — and provide a simple endpoint for companies to hook into, giving them access to something hard with ease.

Comparing his company’s product to privacy-focused solutions like Apple Pay, the CEO said in a release that “Skyflow has taken a similar approach to all the sensitive data so companies can run their workflows, analytics and machine learning to serve the customer, but do so without exposing the data as a result of a potential theft or breach.”

It’s an interesting idea. If the technology works as promised, Skyflow could help a host of companies that either can’t afford, or simply can’t be bothered, to properly protect your data that they have collected.

If you are not still furious with Equifax, a company that decided that it was a fine idea to collect your personal information so it could grade you and then lost “hundreds of millions of customer records,” Skyflow might not excite you. But if the law is willing to let firms leak your data with little punishment, tooling to help companies be a bit less awful concerning data security is welcome.

Skyflow is not the only API-based company that has raised recently. Daily.co picked up funds recently for its video-chatting API, FalconX raised money for its crypto pricing and trading API, and CNBC reported today that another privacy-focused API company called Evervault has also taken on capital.

Skyflow’s model, however, may differ a little from how other API-built companies have priced themselves. Given that the data it will store for customers isn’t accessed as often, say, as a customer might ping Twilio’s API, Skyflow won’t charge usage rates for its product. After discussing the topic with Sharma, our impression is that Skyflow — once it formally launches its service commercially– will look something like a SaaS business.

The cloud isn’t coming, it’s here. And companies are awful at cybersecurity. Skyflow is betting it’s engineering-heavy team can make that better, while making money. Let’s see.

#anshu-sharma, #api, #foundation-capital, #fundings-exits, #privacy, #startups, #tc

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