As large organizations grapple with adopting modern work practices without throwing out all of their legacy software, a company that works with them is making an acquisition that it hopes will help with that process. Citrix today is announcing that it has acquired Sapho, a startup that develops “micro apps” for legacy software so that workers could use them as they would more modern applications: in the cloud, on mobile and more. We understand that the acquisition was for around $200 million in an all-cash deal. It’s a good return: Sapho had raised just under $28 million since 2014 from investors that included AME Cloud Ventures, Louie Alsop,
Citrix acquires Sapho for $200 million to surface actionable insights in the workplace
Citrix Systems today announced it acquired Sapho in an all-cash $200 million deal, a Citrix spokesperson told VentureBeat in an email. Sapho makes micro-apps for team collaboration apps like Slack and Microsoft Teams that call upon more than 50 popular SaaS products like Salesforce, Workday, Concur, ServiceNow, Outlook, and Google Drive. Sapho’s 90 employees at offices in San Bruno, California and the Czech Republic will also join Citrix as part of the deal.
At 24, Two Entrepreneurs Took On Cancer. At 32, They’re Worth Hundreds Of Millions
Initially, Kopelman told them it was an idea he was in no way ready to fund. But they went into a meeting with Andrew Boszhardt, a fund manager who had just made a big profit by funding StubHub. After just a few minutes, Boszhardt asked how much money they needed. The two had not even discussed it between themselves. “$250,000,” Turner blurted out. “Okay,” Boszhardt said. Turner and Weinberg hugged for the first time in the fund’s fancy elevator.
Pot Delivery Startup Eaze Launches CBD Platform in First Expansion Outside California
One of the largest marijuana delivery companies in California is leaning into CBD sales. Digital cannabis marketplace Eaze announced Wednesday that it will launch a separate platform called Eaze Wellness specifically for products containing CBD. Cannabidiol, commonly known as CBD, is a cannabis compound that does not produce a high, but is used for its relaxing effect to treat maladies from anxiety to chronic pain. Eaze has operated in California since 2014, partnering with dispensaries to offer customers legal cannabis products on demand, but the announcement marks the company’s first nationwide expansion.
The Optimized Anti-Style of Allbirds Shoes
The New Yorker - The San Francisco-based brand Allbirds makes shoes so soft and flexible that you can bend them almost a hundred and eighty degrees in your hands. When worn, the lightweight rubber soles flare out at the ball of the foot, creating a slightly geriatric silhouette. The “S-curve tread array” carved into the bottom of the sole is supposed to distribute your weight evenly as you walk; the insoles caress your arches and make walking feel like gliding. The merino-wool fabric, in a variety of neutral and pastel shades, is reminiscent of an expensive Fair Isle sweater, except somehow not at all itchy. It is thin enough that you can see the outline of your toes as you walk. The eight lace holes of the original Allbirds “Runners,” embellished with contrast stitching, have a dad-ish quality to them. The only visible branding is a small tab on the back and a cursive, lowercase “allbirds” carved into the heel. The shoes are, for all my attempts to describe them, excessively nondescript. This is perhaps their biggest innovation. Allbirds are so meticulo
Burgerbot startup Creator hires inventor of Boston Dynamics’ Big Dog
Disney Imagineering animatronics wizard Dr. Martin Buehler is a legend in the robotics world. His work leading development of the galloping Big Dog quadruped at Boston Dynamics both inspired and terrified a new generation of makers. But after playing in the worlds of fantasy and science fiction that consumers can’t buy, Buehler has been poached to work on something much more tangible. In fact, it’s edible. He’s joining burger-making robot startup Creator as VP of engineering. “It was a great experience working on experimental validation [at Boston Dynamics],” Buehler tells me, “But one of the things I really value at Creator is the immediacy of real impact to real people. With burgers being such a big segment of the food market, we have the potential to touch millions of people.”
The Muse, a popular recruitment site for millennial women, has made its second acquisition
The Muse, a New York-based, content-rich recruitment site that matches job seekers and all kinds of information about different career paths, as well as with companies that are hiring, has made it second acquisition, picking up TalentShare, a year-old, HR software-as-a service company. TalentShare has been focused on enabling companies to share high-quality candidates that they didn’t hire but would recommend to other companies that are in the market for talent. Terms aren’t being disclosed, but four of TalentShare’s five-member team are joining The Muse. In fact, those new employees will help The Muse in establishing a second office in San Francisco.
Custom eyewear startup King Children raises $2 million
Eyewear can be a statement-making, attention-grabbing fashion accessory — if done right. King Children, a custom eyewear startup emerging from stealth today, aims to give everyone unique, custom designs made for them, by them. Harnessing the power of 3D scanning and printing technology, in addition to augmented reality, King Children aims to create custom frames that fit your face perfectly. “One of the things we felt strongly about is there are so many consumer brands that don’t treat people of diverse backgrounds equally,” King Children co-founder and CEO Sahir Zaveri told TechCrunch. “They make products designed for these imaginary, average people. They don’t end up fitting diverse people as well. What we started to think about was creating a brand and platform that by definition would treat every single person equally.”
The Warby Parker of Strollers is Here
Ted Lobst had just started his MBA at the University of Pennsylvania’s Wharton School when he got the good news: He and his wife were expecting twins. It was immediately clear to him that his business school experience wouldn’t revolve around the typical networking mixers and jet-setting to visit overseas companies. Nope. Most of his time would be spent changing diapers and cleaning spit-up. By the time year two of the program rolled around, Iobst became the primary caregiver for his two babies, Fritz and Larkin, as his wife went back to her job as a lawyer. While his classmates were at cocktail parties, hobnobbing with captains of industry, Lobst found himself at
The Warby Parker of Strollers is Here
Lobst has a notable list of angel investors including Henry McNamara who invested in Away and Allbirds, David Tisch who invested in Warby Parker and Vine, Brian Spaly cofounder of Bonobos and Trunk Club, and Wharton professor Pete Fader. He’s also worked with Red Antler, the design company behind Allbirds, Glossier, Casper, and Birchbox, on Colugo’s brand aesthetic.
The radical idea behind this kitchen brand? Selling fewer tools
The cookware industry thrives on making you feel like you need hundreds of highly specialized tools to make your dinner. This is perhaps why, in the decade and a half since I graduated from college, I have accumulated heaps of kitchen tools, most of which are poorly made and don’t get much use. I recently took a glance at my utensil drawer and found: 12 different knives, five spatulas (some metal, some silicone), slotted spoons, regular spoons, a pasta spoon, a ladle, a pizza cutter, a garlic smasher, metal tongs, and plastic tongs. As someone who likes clean, minimal spaces, opening this drawer often puts me on the verge of a minor heart attack. Material Kitchen is here to help. This direct-to-consumer startup, which launched earlier this year, creates a grand total of nine tools (plus a base to hold them in).
Knotch launches Blueprint to help marketers find the best publishers of sponsored content
When I last wrote about Knotch, the company had just patented its color-based feedback system that helps advertisers measure the effectiveness of their sponsored content. Since then, it’s added a competitive intelligence product and now Blueprint, a tool for marketers who want to find the best topics, formats and partners to reach their desired audience. Lara Vandenberg, Knotch’s senior vice president of marketing and communications, told me that agencies had been asking the company to recommend which publishers to work with, so Blueprint is meant to meet that need. She described it as both “this ultimate content planning product” and as “a predictive matchmaker for brands as content becomes so much more of a focus.”