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Celonis secures another $1B to find and fix process problems in enterprise systems

TechCrunch

Alex Rinke, Bastian Nominacher and Martin Klenk launched the company as a spin-off from the Technical University of Munich, and in 2012, Celonis joined the SAP Startup Focus program, an accelerator for analytics startups building new applications on the SAP HANA platform. Major RPA vendors have invested in building out process mining.

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Soci raises $120M in debt and equity to grow its marketing management platform

TechCrunch

” Launched in 2012 by Khoury, Alo Sarv and Tony Rindsberg, Soci’s platform is designed for organizations that have hundreds — or even thousands — of people managing their marketing across various channels. . ” Khoury has a colorful background. . ” There’s probably some truth to that. .”

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Even well-funded fintech companies are laying off workers

TechCrunch

Schulman added: “Over the past year, we made significant progress in strengthening and reshaping our company to address the challenging macro-economic environment…While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do.

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Cyber firm Arctic Wolf raises $401M in debt, eyeing a potential IPO

TechCrunch

“In a turbulent economic environment, security will remain a top priority for companies. Brian NeSmith and Kim Tremblay co-founded Arctic Wolf in 2012, spurred on by the belief that cybersecurity had an “effectiveness problem.”