Vendr | August 10, 2022
Vendr, the world’s first SaaS buying platform, today announced the launch of Vendr 2.0, the most complete SaaS buying platform on the market. SaaS is a top-three line item expense, but most companies aren’t getting the appropriate return on their software investment. Vendr 2.0 harnesses Vendr’s SaaS purchasing and SaaS management products, combining the power of seasoned negotiators armed with insights from over 13,000 deals alongside robust software featuring an integrated system of record.
Now, enterprise customers will be equipped with an unprecedented level of visibility into which software their teams are buying and using — in one central location. This enables leaders to reduce overspend and eliminate duplicative products. Most importantly, it unlocks insights that lead to better software choices and faster procurement at lower prices.
The launch comes on the heels of the company’s recent $150MM Series B, co-led by return investor Craft Ventures and new investor SoftBank Vision Fund 2––which brought the company into Unicorn status––and its acquisition of SaaS management company Blissfully earlier this year.
“The software purchasing process is broken and becoming all the more cumbersome as companies everywhere work to cut costs, as they seek to do more with less. “The introduction of Vendr 2.0 enables organizations to manage their second-highest expense––software––more effectively than ever before, while reducing the difficulties surrounding the process. Vendr 2.0 aims to be the most complete, no-brainer, SaaS buying platform on the market –– and one that pays for itself.”
Ryan Neu, Vendr CEO and co-founder
The standard buying process historically wastes time and resources for both software vendors and customers. Vendr enables businesses to maximize the return on their SaaS investments through cost savings and more efficient spend, improving stack visibility across the organization. Composed of the best industry data of more than 2,000 SaaS suppliers, Vendr 2.0 is facilitating critical transformation in how organizations purchase and manage software.
Tapping Into Transparency
Software buying is a perpetual process and it no longer makes sense to have buying and supplier lifecycle management exist in disparate places. By bringing everything into one place, companies layer the benefits of an expert service team and deep SaaS insights into an integrated system of record that offers unparalleled visibility into their stack. Using Vendr, customers can take a proactive approach to their SaaS spend, equipping their teams with the best software while saving money.
Buyer <-> supplier: Vendr offers insights and negotiation support to help buyers and sellers quickly evaluate whether a deal is fair for both sides, ensuring that the process continues moving along internally once it comes time to buy.
Buyer <-> procurement function: Vendr provides visibility into internal approval workflows and offers fast-tracked ways to request purchases, leading to smoother relationships between buyers and their company procurement functions.
Finance/procurement <-> department heads: With better visibility and faster purchase cycles, stakeholders can easily see the value-add of finance and procurement, ensuring compliance and keeping a handle on costs, leading to better business outcomes for all.
This new platform builds upon the competitive advantages that Vendr has in the market as the category creator with the deepest source of supplier insight––based on thousands of deals––as well as the most seasoned negotiators in the industry. Vendr has processed over $1.5B in customer software spend and delivered over $240M in software savings to its customers. To see how much you could be saving on your annual software expense, get in touch here.
Vendr is changing how companies find, buy and manage SaaS. The first of its kind, Vendr's SaaS buying platform offers both a product and people-powered service to enable the world's fastest-growing companies to purchase software quickly and with guaranteed savings. Today, Vendr has facilitated over $1.5B+ in SaaS purchases across 2,500+ suppliers for Finance and Procurement teams at HubSpot, Brex, Canva, Reddit, Toast, and more. Headquartered in Boston with a second location in Charleston, Vendr was founded in 2019 by Ryan Neu and co-founders Ariel Diaz and Aaron White, who joined the team through the acquisition of Blissfully in 2022. The company has over 250 employees globally
UiPath | August 02, 2022
Leading enterprise automation software company, UiPath , today announced it has acquired Re:infer, a London-based natural language processing (NLP) company for unstructured documents and communications. Founded in 2015 by Ph.D. scientists from the AI research lab at University College London, Re:infer uses machine learning (ML) technology to mine context from communication messages and transform them into actionable data with speed and accuracy.
“Automation and AI are a powerful and natural pair that together empower the vision of the fully automated enterprise™. “Our customers are awash in documents, communications, and data that they need to understand the meaning of and process efficiently. Combining Re:infer’s NLP technology with our Document Understanding and AI products expands the breadth of our current AI-powered automation capabilities and unlocks new automation opportunities for our customers.”
Ted Kummert, Executive Vice President, Products & Engineering at UiPath
“Automating the interpretation of documents and communications data bridges the gap between humans and information technology systems, and structured and unstructured data to supercharge digital transformation efforts in the enterprise,” said Dr. Ed Challis, CEO and Co-Founder of Re:infer. “We have spent the last seven years building an innovative technology and believe UiPath will take us to another level. We couldn’t be more excited to access UiPath’s power of scale and introduce Re:infer to a new global audience. We’re joining the leader in enterprise automation and it’s an incredible day for us.”
Re:infer allows users to deploy custom machine learning models to analyze documents and communications data generated by a typical business each day – data previously lost or ignored due to processing limitations. Their no-code interface allows business users to train their own AI models for greater specificity and flexibility. The self-learning capability continuously improves model accuracy to assist customers in identifying bottlenecks and inefficiencies. Today, this is helping many of the world’s leading enterprises – including large banking, insurance, and e-commerce organizations – scale their services, enhance customer experience, and drive process improvement. This includes Deutsche Bank, Hiscox Ltd., and Farfetch.
“By using UiPath and Re:infer together, we have driven significant business impact through automation, enabling automated cataloguing, triaging, and responding to tens of thousands of email-based requests per month,” said Marco Rodriguez, Head of Automation at Hiscox Ltd. “With UiPath and Re:infer, our insurance brokers get instant, automated responses to email requests. Our service-level agreements have been reduced from days to just hours, and we have true, organizational visibility into business conducted over email.”
“Businesses are increasingly turning to platforms that combine intelligent automation technologies and solutions to resolve entrenched business problems. Mining for value in the thousands of interactions between a business and its customers each day is an attractive proposition for organizations that want to enrich customer experience, generate new revenue streams, and optimize operational efficiencies,” said Sneha Kapoor, Senior Research Manager, Analyst, and Technology Advisor for IDC Financial Insights.
UiPath has a vision to deliver the Fully Automated Enterprise™, one where companies use automation to unlock their greatest potential. UiPath offers an end-to-end platform for automation, combining the leading Robotic Process Automation (RPA) solution with a full suite of capabilities that enable every organization to rapidly scale digital business operations.
Atos | June 10, 2022
In the field of quantum computing, Atos and OVHcloud, the European leader in cloud computing, have announced cooperation to make Atos' quantum emulator available "as a service" through OVHcloud offerings. This European premiere will increase the accessibility of quantum emulations technologies, hence boosting the quantum technologies ecosystem. Eventually, research labs, universities, startups, and huge corporations will be able to build quantum software and investigate cutting-edge applications well ahead of the market.
Atos and OVHcloud are committed to contribute to the establishment of a coherent ecosystem suited for the advent of quantum computing technologies by fostering the emergence of tomorrow's champions and boosting their international reach. As a result, both public and private players in this burgeoning ecosystem will have access to a quantum development environment regardless of where they are located, allowing them to develop and experiment "as a service" software bricks ahead of the effective release of the first quantum computers, thanks to the two European leaders.
"By announcing this partnership, OVHcloud confirms its ambition to address and make accessible to the greatest number of people the most advanced technologies. The quantum revolution and the deployment of the first use cases cannot be achieved without the Cloud, whose consumption mode and freedom of use are uniquely able to unite expert communities,"
Thierry Souche, CTO, OVHcloud
This product seeks to replicate the many approaches to quantum processing by simulating a real quantum environment. The Atos QLM delivers unrivaled simulation capabilities, including three independent quantum programming modes, by utilizing the unique capability of Atos' SMP BullSequana X800 server (the gate model, the annealing model and the analog model). As a result, users will be able to imitate circuits up to 38 qubits in double precision and solve quantum annealing issues with up to 5,000+ qubits when using OVHcloud.
OVHcloud will be able to offer quantum processing solutions through Jupyter Notebooks, giving developers easy access, thanks to its decision to use Atos technology as a foundation for future improvements. The Notebook, which is built on free and open standards, will provide varying levels of performance based on the infrastructure and will benefit from the work already done by the OVHcloud Artificial Intelligence teams.
"This partnership is a major milestone in preparing the quantum revolution. Thanks to OVHcloud, we can offer an "as a service" cloud version to democratize and share our quantum emulation technologies more widely to prepare for the future. We are convinced that the future of high-performance computing lies in the hybridization of our technologies, between traditional computing and the integration of co-processors, accelerators, quantum and cloud technologies. Already a pioneer in quantum with the launch of our QLM in 2017, which was the first emulator on the market, this strategic partnership with OVHcloud is an additional step forward in our quantum strategy," said Emmanuel Le Roux, SVP, Director of HPC, AI and Quantum, Atos.