Axis Security raises $32M to help companies stay secure while working from home

Axis Security launched last year with the idea of helping customers to enable contractors and third parties to remotely access a company’s systems in a safe way, but when the pandemic hit, they saw another use case, one which had been on their road map: helping keep systems secure when employees were working from home.

Today, the company announced a $ 32 million Series B investment led by Canaan Partners with participation from existing investors Ten Eleven Ventures and Cyberstarts. Today’s round brings the total raised to $ 49 million, according to Axis.

Gil Azrielant, co-founder and CTO says that the company was able to make the shift to a work from home security scenario so quickly because it had built the product from the ground up to support this vision eventually. The pandemic just accelerated that approach.

“We decided to focus on third parties and contractors at first, but we saw where the puck was going and definitely [designed] the infrastructure to become a full-blown, secure access product. So the infrastructure was there, and we just had to add a few things that were planned for later,” Azrielant told TechCrunch.

He says that the company’s product uses the notion of Zero Trust, which as the name suggests assumes you can’t trust anyone on your system, and work from there. Using a rules-based engine, customers can create a secure environment based on your role.

“What you can see, or what you can do, or what you can download or get to is fully controlled by our Application Access Cloud. This is based on what device you’re using, where you are, who you are, what role you’re in, and what you usually do and don’t do to determine the level of access you are going to get,” he said.

As the startup emerged from stealth last March just three days after the pandemic shut down began in California, it had two main customers — a hotel chain and a pharmaceutical company — and CEO Dor Knafo says that as COVID took hold, “necessity became the mother of adoption.”

He added, “Both accounts came to us and asked us to start pursuing all these employee access use cases, and to us that was incredible because that gave them the push they needed to see the [remote access] vision just as vividly as we do,” he said. Today it has added to that initial pair and while it wouldn’t share it an exact number, it reports it has tens of customers.

Today, the startup has 38 employees almost evenly split between San Mateo, California and Tel Aviv in Israel with plans to accelerate hiring to reach 100 people next year. As the company scales, Knafo says that he is trying to build a more diverse group as it moves to hire more people in the coming year.

“Today, we have incentive internally to help us hire in a more diverse way. We invest heavily in that, and we continue to [keep that at top of mind] for everyone in the company,” Knafo said.

Azrielant added that the pandemic has shown employees don’t have to be located near the offices, which have been closed for much of this year, and that opens up more possibilities to build a more diverse workforce because they can hire from anywhere.

With a product that has much utility right now, the company will be using the new influx of cash to help build out its sales and marketing operations and expand sales outside of North America.

“With COVID accelerating and with a shift to work from anywhere, we’ll definitely focus on bringing our products to more enterprises, which are facing this urgent challenge of working from home,” Knafo said.

Startups – TechCrunch

Started 3 companies. One 3.5m arr tracking 6m+ 2021 Q3. Other business with 1m+ arr in multi year contracts. Other business dead covid. Looking to raise capital to fulfill contracts. Labor force over committed. Bootstrapped all companies. Need advice

My team and I created a technology which turned into three software-based companies over the past 24 months. we created a small company a year before that that generated enough capital for us to focus on building out the other businesses im our extra time without taking any capital. we developed these other technologies in niche recession insulated industries

Covid took place and hurt our original company which was essentially our living expenses and during covid our VC we had lined up backed out. Essentially over committing our work forces.

We're at a point where the main team is working 100hrs a week but we may not have the man power to deliver on the other contracts which are very profitable long term agreements. 6fig/m profit by Q3 2021 I have drained my personal finances and credit to get this 90% completed but we might not been able to fulfill. This contract has us supporting thousands of commercial locations via national distribution company partnerships. I can't pull resources from the other company.

I've never raised money at all and I'm concerned given the state of my personal finances affecting the ability to get the needed capital. Which we would need fairly quickly 30-45 days to meet the deadline.

I'm unsure if we should try to take just enough to get the current contracts completed with a small buffer or maybe pursue a larger amount for a reserve runway.

Does anyone have any advice or have been in a similar situation it's greatly appreciated.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Startup Companies: Biggest failures of All Time

This post is based on the research that I made for a YouTube video that you can find here. The numbers have been updated with September 2020 numbers on all startups.

Methodology

I’ve researched all kinds of different sources and compiled a list of the Top 10 biggest failures when looking at how much was invested in them. I’ve done extensive research, but I may have missed something, so would be great if you find something that I’ve missed and isn’t on the list.

Personal Comment

I made this list so that we can learn from them and avoid their mistakes. Always remember though that behind any Startup there are real people, real people that have invested blood sweat and tears into these startups. And Yes they most likely invested blood sweat and tears even if the startup ended up as a failure. Building a startup is rough, going down with a Startup is even rougher, so well done for trying!

#10 Terralliance $ 358 million invested
Terralliance was in the business of looking for oil but in a very different way. They were using low and slow flying airplanes to find pockets of oil. A very creative approach, but I guess it never really worked.
Year defunct: 2008
Location: California, USA
Why they failed: No Product Market fit

#9 Amp’d Mobile $ 407 million invested
Amp’d Mobile was launched in 2005 as a new mobile phone provider that targeted a younger demographic and featured downloadable and streaming video as well as streamed live events which was all new at the time.
Year defunct: 2007
Location: California, USA
Why they failed: Mismanagement/Bad Decisions

#8 Pay by Touch $ 427 million invested
Pay By Touch was a payment provider that offered biometric authentication at the point of sale which was supposed to be a low-cost alternative to other payment options.
Year defunct: 2007
Location: California, USA
Why they failed: Mismanagement/Bad Decisions

#7 Webvan $ 580 million invested
Webvan was an online grocery store where customers could get products delivered to their homes within a 30-minute window of their choosing.
Year defunct: 2001
Location: California, USA
Why they failed: No Product Market fit

#6 Abound Solar $ 700 million invested
Abound Solar was manufacturing thin-film for solar panels.There is not much information about this company online.
Year defunct: 2012
Location: Colorado, USA
Why they failed: No Product Market fit

#5 Theranos $ 726 million invested
Theranos was making a blood-testing device that could test you for any disease you can imagine, from only a small drop of blood.
Year defunct: 2018
Location: California, USA
Why they failed: No Product Market fit (+compelling proof of fraud although nobody convicted yet)

#4 Better Place $ 755 million invested
Better Place was building a global network of battery-charging and battery-switching services for electric cars. The key was this battery switching that meant you could have a fully charged battery in minutes instead of waiting for a long charge.
Year defunct: 2013
Location: California, USA
Why they failed: No Product Market fit

#3 Jawbone $ 1,045 million invested
Jawbone developed and produced wearable technology such as wristbands, wireless Bluetooth headsets, and related technology.
Year defunct: 2017
Location: California, USA
Why they failed: No Product Market fit

#2 GO.COM $ 1,162 million invested
Go.com was not a traditional startup that had investments from investors. Go.com was a Startup inside Disney. I added Go.com to the list as Disney actually made it public how much was invested and lost in Go.com and that amount qualified them for this list! Disney wanted to build a portal that had all the content that Disney provided. Disney also acquired the search engine Infoseek and Infoseek became a part of Go.com
Year defunct: 2001
Location: California, USA
Why they failed: No Product Market fit

#1 Solyndra $ 1,853 million invested
Solyndra was a manufacturer of thin-film solar cells.The secret sauce of the product was that they didn’t use polysilicon. Not using polysilicon was an advantage as it was costly and there was even a shortage of polysilicon in 2008.
Year defunct: 2011
Location: California, USA
Why they failed: No Product Market fit

Why do most Startups fail?

Looking at the list it becomes pretty clear that there are two reasons why these really big failures happen. Either they never find a product market fit or there is some mismanagement or bad decisions. In some cases there is both. If you ask, What is the number one reason startups fail? It is pretty clear from the biggest startup failures of all time that the number one reason for failure is that they never get a Product Market fit.

Take Theranos, there clearly was no product market fit, but on top of that some really bad mismanagement and maybe even fraud.

Where Startups Fail (and Win)

Another interesting observation for this group is that they are ALL from the US, not one single Startup from anywhere else in the world made this list.

Actually, the geography is even more crazy. Not only are they all from the US, but 9 out of 10 are also from California. All 9 are either in the San Francisco Bay Area or Los Angeles, incredible to see 9 out of 10 are from only 2 cities.

Sure there are some really big losses here in California and you are tempted to think that they make some really bad investments in California. However, California looks bad because this is where most investments are made and there is a willingness to take really big bets here. When you take really big bets you will win some and lose some. We have to remember that the number of big winners here is even more staggering – companies like Facebook, Google, Apple, Cisco, Intel, Oracle, eBay, Salesforce – you know I could keep going.

This post is based on my best research, if you find something missing, please post a comment.

Also, if you have any stories about these Startups it would be very interesting to hear them. Most of these companies have some really colorful personalities and leadership behind them.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Work At Home Companies And Anticipating Problems

The advice shared here should experience the back of your head while you consider ways to run your home business the web. Remember, though, this information is only as good as the effort you placed in applying they. Do that and you should succeed quickly.

Either you will start your business from scratch, meaning you show up with the business plan and execute every single of it yourself or you find a pre-existing company to partner offering. A franchise is one of these of a home business product or service. An internet based company is another exemplar.

In a traditional job, when a boss a person their private home phone number, you might have no reason to fully investigate that phone number. What if your boss is Mister. Barney Rubble, and you made the choice to learn everything reverse-phone searching, and discovered his quantity seems to belong by using a Mr. Billy Mountain, in another state.

Work inside your house opportunities have a lot of benefits. Working flexible hours is your greatest advantage when choosing different manufactures. Online work also gives you a lot options associated with how many jobs you can find on the world wide web. The web has an effective track record of helping those employed at home succeed! You get 24hr customer support, in depth training videos, and a superb income small business opportunity. Because companies do not dictate your work schedule, specialists . work as a number of hours as you would like. Some companies offer referral programs that pays you for signing others to your team.

I found most people want to keep their current job in order to find a strategy begin earning a better living from home, on a part-time basis, so that they’re going to provide a comfortable lifestyle individually and children. If that is the case, you wish to be looking for about a legitimate work from home job business. In other words, you need to search for a business you can start out of the home.

Especially purchasing have kids in the house while you work at home, strategies some distractions that are harder to control than other products. Household chores, television, pets, neighbors, friends and kids don’t always stick to your personal schedule. Your own research best to deal with these by planning ahead for him or her.

The primary advantages of nay particular job are the main centers of attraction as as to whether one perform or truly. With that, it is essential ensure you can be aware of this benefits that are included in the online job. Be certain that it suits the life-style you want and that does not limit one.

Work From Home Companies And Anticipating Problems

Below are one of the most common work-at-home exercises or workout routines that you should attempt doing. Remember, sitting and dealing in front of the computer for eight long hours will negatively affect simply your posture, but also your health in commander. So try out these exercises and slowly develop a daily exercise workout.

The first reason why work at home jobs are a better idea are exclusively for fogeys or people who own pets will need a lot of care. A person’s are a stay in your parent and also kids have a school globe day, should work throughout the day as they are at school, we have the flexibility to drop your work and might your children whenever simple to. This works sneakers with pets as well that must have a lot of care.

Invest in some new equipment. You may have the option to write a part or all of it off on your taxes. Shelling out budget stuff that are large, such as fax machines, computers together with other equipment are heavy. Keep associated with business for large and small.

One the best way to work part time from house what as known as affiliate marketing. First of all, affiliate marketing is ahead of your choosing a product to promote, and enterprise pays that you simply commission.

Treat your work from home online business as a true business. Possess seen many people fall into this trap of fantasizing about work from home and then get frustrated because will not treat it like a business. This includes a marketing budget, creating a much smaller term plan for success and mainly have a longer term commitment.

Understand that you can’t complete the work all, and work can. You won’t be able to complete every task method you would like, as a result that are usually several times plus it really can need outside help from services to products. However, that doesn’t mean that your home business loses its personality and electricity needs.

With that being said, choosing a target niche is vital your success with this form of part time work from. A lot of times people will choose an unit they hardly know anything about, and promote it because it’s a good idea a high commission. If you never have used a certain skin cream and you want to promote it because you will find there’s high payout, you will most likely not do well because the only part onto it that you like is the high commission. If you need to start earning money from home, you’ll to be able to pick products you conscious of the best. It’ll show better in your marketing.

The Domain Industry Looks to Smaller Companies for Innovation

 Encirca.com: Success comes with its own pitfalls. Or, to put it another way, once a company secures a significant share of a particular market, there can be a tendency for them to stop innovating, and instead rest on their laurels. At the moment, it’s strikingly clear in the domain name market, larger companies are doing just […] The …
Domaining.com

SaaS for EaaS: Swedish startup Eliq helps energy companies engage with customers; raises €5M

As the European utilities landscape evolves and energy-as-a-service (EaaS) models are being increasingly adopted, there’s a growing demand for platforms that can serve as a bridge between energy companies and customers. 

Swedish software company Eliq is one such platform. It offers a solution for monitoring electricity usage. The company offers a mobile app to its clients in order to monitor their electricity usage and demand patterns.

Eliq has raised €5M in a Series A round of funding, co-led by Inven Capital and Contrarian Ventures with participation from existing investors. Inven Capital’s general partner Petr Míkovec and Contrarian Ventures general partner Rokas Peciulaitis will join Eliq’s Board of Directors.

“The new funds will enable us to bring more solutions to the market quickly, as well as help in expansion as we look to grow our teams in both Gothenburg and London,” says Hakan Ludvigson, CEO, and co-founder of Eliq.

The investment brings Eliq’s total funding since its launch to €9M, and will help the company aggressively expand its sales and marketing efforts, as well as accelerate product development. 

“Deregulation and the rising customer expectations for more actionable data insights, transparency, and dynamic two-way communication, has left established utilities incapable of retaining customers,” believes Rokas Peiculaitis, general partner, Contrarian Ventures. “There is a need for a platform to better engage the existing and new clients,” he adds. 

SaaS for EaaS

Gothenburg-based Eliq is a SaaS-based mobile app for monitoring and optimising electricity use in order to gain a better understanding of the customers’ energy usage patterns.

The app also helps in taking in information from smart meters, connected devices and weather analytics to provide instant energy insights and promote efficiency.

In a way, it helps energy suppliers to engage with their customers via real-time personalised information communications.

According to the company, the Series A funding builds on an exceptional year for Eliq which saw a rapidly growing roster of clients, product and market momentum in the changing European energy retail landscape. 

Since shifting the focus towards energy utilities in 2016, Eliq has partnered with a number of progressive utilities in Europe, including; Bristol Energy (UK), Robin Hood Energy (UK), Greenyellow (FR), Eidsiva Energi (NO), Vattenfall (SE) and a number of Swedish utilities via its partnership with the world’s largest system integrator CGI.

Image credits: Eliq

The post SaaS for EaaS: Swedish startup Eliq helps energy companies engage with customers; raises €5M appeared first on Silicon Canals .

Startups – Silicon Canals

Here Are 4 Affiliate Marketing Work From A Home Office Companies

It is invite lots of unwanted situations and frustrations for customers. If you have never had much money before particularly imagine may change for that worst with regard to money when you are only thinking concerning the good junk.

If you need to not better of the online bandwagon for this digital age, you most likely than likely just gonna be get go beyond in technique. Facebook, Twitter and other social media websites incredibly beneficial should you work them the optimal way and all of them to benefit your online business. Creating a website is also helpful in this particular regard also. A strong online presence is the premise for work at home jobs in which means you are to be able to need to determine your own if participating in something to funds at home.

One action you can take if market or topic . to possess a successful web business is getting signed program an affiliate network. You can get their business name out there, and which fundamentally raise your bottom assortment. Do your homework and find affiliate programs you would like to.

Obviously environmental surroundings in an individual work have to be comfortably lit and ventilated, as toddler be sleeping at your desk. Where possible try and bear in mind you need to have some space for some other office equipment that the selection of work will need. Once you have identified your work place, placed rules straight from the beginning about your work area considering the fact that and if you can be upset.

There are a lot of legitimate firms that will hire you to work from home if you have obtaining experience. It’s not cheaper to acquire company to get as haven’t got the time who will work from home as they possibly might. They do donrrrt you have to to spend money on the usual costs how the company should pay in order for their business end up being successful. Hiring workers who telecommute to operate will trim expenses on building, internet, power, and insurance costs for group. You can get hired by one among the companies are actually hiring merchandise in your articles are to be able to look for them online.

Running a home business won’t let you off ought to either. A few fact, be awful. Most home business proprietors don’t possess a four hour workweek, circumstance that do usually took years of hard work to get individual point. Online work at home isn’t supposed to be about leisure, make a difference what what assist say.

Get everyone on ship. The number one key for time management techniques in your property job might be to get everyone on board. While spending time collectively with your family is important, the growing system be distraction if you need to work must be to finished. It’s easier however are in an office out of the house. When working from home, ensure everyone should know when happen to be “off” and “on”.

Work-at-home moms have to prioritize themselves, their family and their career above anything other than these. Kids desire to always be around their mothers and don’t care in the event the laundry is done or genuinely. It is thus important collection priorities come up with children feel like they are loved. For example, if the child is inside a school play, an auto can go with him or her while her husband cooks dessert. The husband and kids will also help in preparing meals the refund policy shall be a family bonding activity. If the mother gives her full attention to her family, they could leave her alone when it is time for her to hard work.

Here are the 19 companies presenting at Alchemist Accelerator Demo Day XXV today

When Alchemist Accelerator shifted its Demo Day to virtual earlier this year, Alchemist director and founder Ravi Belani told me it was a move he expected the team to stick with for some time. Nearly half a year later it’s time for another Demo Day — and sure enough, with the pandemic still ongoing, it’s another virtual one.

As an enterprise accelerator, Alchemist focuses primarily on seed-stage companies that make their money from other companies rather than those that sell to consumers. This latest cohort (the accelerator’s 25th) saw nearly 20 companies go through the program, with focuses ranging from physical therapy devices to an AI “coach” for sales reps to productivity tools for software developers.

This afternoon the accelerator is also announcing that Volvo (via the Volvo Cars Tech Fund) has joined Alchemist as an investor. While the two companies did not specify how much Volvo was investing, previous similar partnerships saw companies like GE and Juniper Networks invest around $ 2 million-$ 3 million.

Care to see the companies make their debut to the world? Alchemist will be streaming its Demo Day on YouTube, with programming set to begin at 2 p.m. pacific.

Don’t have time to watch the whole thing? Here’s an alphabetized list of all the companies scheduled to present, along with some notes about what each is working on:

Image Credits: Anda Technologies

Anda Technologies: A simplified smartwatch with built-in GPS, calling and a quick symbol-based messaging system, meant to help parents and caretakers stay in touch in situations where a full smartphone might be too much. They initially focused on Latin America, and are now expanding support to U.S. and Europe.

Botco.ai: A “conversational marketing platform” — in other words, marketing chatbots meant to increase sales and conversions. Potential customers can chat with these bots over SMS or messaging apps, and their AI will use its growing understanding of what it knows about your business to respond.

BreachRX: A platform meant to help streamline your company’s response when a security breach happens. They provide response playbooks, help assign tasks to the correct team members and help capture records of how and when your company took action.

ClearQuote: Computer vision-based vehicle inspections. The company says it can scan an entire vehicle for damage using a smartphone camera in around 60 seconds, calculating cost of repair on the fly. Focusing on end-of-lease inspections, used car inspections and rental car return inspections first.

Copilot: An AI-powered “coach” for sales reps. As reps make phone/video calls, Copilot analyzes the conversation and generates “cue cards” with relevant information.

Evolution Devices: A wearable electrical stimulation device meant to help in the rehabilitation process for those with lower limb weaknesses (including stroke survivors or individuals with multiple sclerosis). The device adapts to each user’s own walking pattern, and helps with remote care by reporting data (such as step counts) back to the patient’s therapist.

Faucetworks: An “artificial neurologist,” meant to help more quickly identify neurological emergencies while a patient is in an ambulance en route to a hospital, or at hospitals where no neurologist is on site. Their hardware system asks patients a series of questions, then walks them through a physical exam.

HR Messenger: An HR/onboarding chatbot built to work over WhatsApp/Facebook Messenger, helping to automate things like pre-screening questions, interview scheduling and referral requests. The company says it’s working with clients including KFC and H&M.

Hopthru: Data analysis platform for public transit agencies. Hooks into the data these agencies already collect, cleans it up, then pipes it into a dashboard to help these transit agencies find ways to improve their routes and ridership.

Image Credits: Hubly Surgical

Hubly Surgical: Building a smarter drill for neurosurgeons performing “skull puncture” operations. The company says that many surgeons still use basic, standard (hand-cranked!) drills, which can lead to high complication rates. Hubly’s drill helps to precisely angle the drill and is built to prevent the surgeon from drilling too deep. Expects to see FDA clearance in 2021, and launch in U.S. hospitals in 2022.

HyPoint: Working on high-power, high-density hydrogen fuel cell systems for aviation, meant to dramatically reduce CO2 emissions from air transportation.

Mobiz: A platform for sending personalized marketing messages to your established customer base via SMS, building “personalized micro-sites” for each user based on the brand’s existing data. The company says it’s already working with companies like Burger King and Woolworth, and is currently seeing $ 6 million in ARR.

Nano Diamond Battery: NDB is aiming to build a self-charging, sustainable battery. This one is perhaps a bit too complex to capture in a sentence or two, so see our previous coverage of NDB here.

Node App: A marketplace for connecting brands with influencers. Node helps to verify each influencer’s audience, then connects brands with these influencers with pre-negotiated deal terms.

Rectify: A tool meant to automatically detect and redact sensitive information when sharing documents outside of an organization. Focusing on the insurance market at first. Founder Melissa Unsell-Smith says the Rectify founding team previously worked together for 15 years in AT&T’s corporate legal department.

RubiLabs Inc: A platform focusing on making on-demand deliveries of medical products (vaccines, medications, etc.) to hospitals and pharmacies in Africa via drones, motorcycles and other dedicated vehicles. The company estimates that it has already saved 7,000+ lives.

Seventh.ai: Pitching itself as “Carta for intellectual property,” Seventh.ai helps founders identify which parts of their business can/should be patented, to better understand what the competition has patented, and to work through the patenting process. The company says it’s currently seeing around $ 250,000 in ARR. Founder Alex Polyansky says he spent 10 years as a patent examiner at the USPTO.

Tocca: A platform meant to help B2B companies throw branded virtual sales events, providing things like virtual lobbies, stages, breakout rooms and person-to-person networking tools. Integrates into tools like HubSpot and Salesforce to make post-event followups more efficient.

Image Credits: Veamly

Veamly: A “unified inbox” feed for developers that brings threads and messages from Slack, GitHub and Jira into one view, as well as a unified search that can dig in across these tools. Founder Emna Ghariani says the company’s “proprietary prioritization engine” helps to sort tasks and tickets by importance, and to analyze the time they’re spending in each tool throughout the week.

Startups – TechCrunch