This week in Software: Cloud solutions continue to dictate market investments as more use cases move from R&D to consumers

Latest Industry Insights from Draup Braindesk

Google’s R&D expenditure in 2020 was USD 28 Bn, around 6% higher than the previous year. 

  • Smart Rendering: Google’s DeepMind has developed an artificial intelligence (AI) system that can create scenes in 3D after having observed them in the form of 2D images.
  • Chatbots: Google has launched its new chatbot called Meena that can talk to everyone about everything on earth just like any person. 
  • Document Processing: Google Cloud introduced Document Understanding AI, which can automatically classify, extract, and structure data within scanned documents and automate document processing.
  • Digital Wallet: Google introduced Google Wallet as a mobile payment system that acts as a virtual wallet, allowing users to make payments directly from phones and transfer money.
  • Intelligent Call Routing: Google introduced Intelligent call routing with a voice characteristics extractor, which extracts customer voice characteristics such as language/dialect/accent, age group, gender, and edge dimension coordinates.
  • Game Streaming: Google introduced a game streaming service called Stadia. It allows users to play all sorts of computer games downloaded from Google’s data centers to their respective Chrome browsers. 
Microsoft is primarily engaged in building cloud-based services to help enterprise and midmarket customers enhance productivity and digitize business operations.
  • End-to-End Digitization: Microsoft and Telstra have partnered to enhance the advancement of cloud-based remedies across numerous industries that drive performance, amplify decision-making capabilities, and improve client experience.
  • Digital Transactions: Finastra and Microsoft have partnered to transform the future of financial services by accelerating its move to the cloud to deliver operational efficiencies and reduce risk. 
  • Omnichannel support: Microsoft partnered with GameStop to deliver enhanced gaming solutions, extending the omnichannel digital environment to provide customers with an exceptional cross-channel experience in video gaming.
  • AI-powered CRM Solution: Microsoft Adobe and have joined forces to launch C3 AI CRM to offer an integrated suite of industry-specific AI-enabled CRM solutions to help organizations digitize their operations and unlock real-time insights across their business.
  • Mobile Edge Computing: Microsoft partnered with Verizon to leverage a 5G network integrated with its cloud and edge capabilities, designed to enable developers to build applications for mobile end-users and wireless edge devices with ultra-low latency.
  • Game Library Expansion: Microsoft acquired ZeniMax Media and Bethesda Softworks to strengthen Xbox with an impressive portfolio of games, technology, talent, and a track record of blockbuster commercial success.

Latest Reports Published in Draup

Oracle Account Intelligence Report: Major telecommunication companies, businesses, and Australian Data Centres chose Oracle Dedicated Region Cloud@Customer to provide cloud computing power since it provides all the services and advantages of Oracle Cloud. Read More>>
Hewlett Packard Enterprise Account Intelligence Report: Hewlett Packard Enterprise focuses on developing automated cloud solutions, 5G networking solutions, and real-time tracking solutions to accelerate its digital journey. Read More>>

Key Funding Alert

Cybersecurity firm Immersive Labs secures USD 75 Mn Series C investment.
Immersive Labs is an on-demand cyber skills platform that rewards critical thinking, problem-solving, and curiosity.
The funding will be used to develop the company’s innovative technology and expand the team. Read More>>

Startup Spotlight

Company – Paired
HQ Location – London, United Kingdom
Total Funding – USD 4.6 Mn
Year of Establishment – 2019
About: Paired is an app that aims to make couple relationships happier and healthier. 
Read More>>

Key Signals in Enterprise Software

Veeam is coming to Ingram Micro Cloud in key Southeast Asian markets
The move, which will follow the launch of Veeam on Ingram Micro’s cloud marketplace in Australia and New Zealand on June 16, will roll procurement, provisioning, billing, maintenance, and support for Veeam products into a single panel available on the platform. Read More>>
Wipro and Oracle collaborate to help organizations migrate to the cloud
With Wipro’s Zero Cost Transformation, companies can migrate their workloads to Oracle Cloud Infrastructure (OCI) with lower cost, shift from a Capital Expenditure (CapEx) to Operating Expenses (OpEx) model, and benefit from application and infrastructure support provided under a managed-services framework. Read More>>
WELLE kicks off a full-scale digital transformation journey with Infor
Infor will help develop an ERP-based information management system leveraging Infor LN in an effort to reduce production and maintenance costs, boost profits and enhance competitiveness. Read More>>
Cleveland Clinic, IBM, Aetna, and Anthem partner to form blockchain firm Avaneer Health
The firm will boast a technological backbone that’s designed to support an array of platforms that reduce costs and accelerate care. Read More>>

Executive Movement
CrunchTime! Information Systems, Inc., announce the promotion of Rob Mueller to Chief Financial Officer
Mueller, who joined the organization in May of 2018 as Vice President of Finance, has built a best-in-class finance function during a period of record growth. Read More>>
ForgeRock, announces the appointment of David Burden as the company’s Chief Information Officer (CIO)
Burden will oversee IT operations, provide strategic direction for the company’s enterprise systems and deliver technology solutions to drive innovation and operational excellence to support its rapidly scaling business, while also improving employee productivity and customer experience. Read More>>
Workday Vice Chairman, Tom Bogan, joins the Reltio Board of Directors
Bogan was a partner at Greylock Partners and a board member at leading enterprise software and cloud companies. These include Chairman positions with Citrix Systems and Apptio, and board member roles with PTC, Rally Software, Acquia, and many other SaaS software companies. Read More>>
Mergers and Acquisitions
Incoming Qualcomm CEO says he may have a better idea about Nvidia’s proposed acquisition of Arm 
Instead of proceeding with the potential Nvidia acquisition, Cristiano Amon, who is scheduled to take over as Qualcomm’s CEO on June 30, says that a better plan for Arm would be for Arm owner SoftBank to “float” the company and seek investments from a consortium of companies, including Qualcomm, that are interested in its success. Read More>>
Xebia acquires coMakeIT to boost innovation
CoMakeIT, founded in The Netherlands in 2006, helps product and software companies thrive by providing software product expertise, people, and tools needed to meet ambitious objectives.
Read More>>

BlackRock signs fund tech deal with iCapital Network
BlackRock has expanded its partnership with fintech iCapital Network in a bid to increase wealth managers’ accessibility to private market investments internationally. The companies say the combination of BlackRock’s investment products and iCapital’s technology will “streamline operational and administrative complexities.” Read More>>

Key Signals in Consumer Software

Executive Movement
Global Fashion Group appoints Andre Farber as Dafiti’s new CEO
The company said, with more than 20 years of experience, Farber will join Dafiti from Boticario Group, where he served most recently as the company’s vice president, responsible for retail operations, brand and product development, channel strategy and commercial relationships. Read More>>
Twitter appoints interim Chief Compliance Officer for India, to share details with IT ministry soon
The move by Twitter assumes significance as the microblogging platform has been facing heat over delay in complying with the IT rules that mandate large digital platforms to undertake greater due diligence and make them more accountable and responsible for the content that is hosted. Read More>>
Snapdeal appoints Girish Koppad as VP, Head of Technology
Koppad has worked in large and entrepreneurial setups across the US, India, Russia, and Africa, helping build innovative products to serve internet users in markets around the world. At Snapdeal, he will lead Technology Engineering and will spearhead development and services for technology infrastructure and data centers. Read More>>

SGX, Nasdaq partner to enhance ESG visibility of APAC issuers
The addition of SGX data to Nasdaq’s sustainable bond network will enhance the transparency of green, social, and sustainability bonds in the Asia Pacific. Read More>>
Google and Facebook sign an expanded partnership with Shopify
Shoppers connecting with retailers via Facebook or Google-owned businesses like Instagram, YouTube, or Google Maps, will be able to pay for their purchase with Shop Pay, starting in July for Facebook and later this year for Alphabet Inc.’s Google. Read More>>
Centre setup and Expansion
E-commerce retailer Zalando signs Ingram Micro to operate a new fulfillment center
Zalando started the construction of what is its first Dutch fulfillment center in 2019. It says the distribution facility will have the highest level of automation within its logistics network, such as goods-to-person shuttle technology. Read More>>
Mergers and Acquisitions
NVIDIA to acquire DeepMap
DeepMap was founded five years ago by James Wu and Mark Wheeler, veterans of Google, Apple, and Baidu. The US-based company has developed a high-definition mapping solution that meets these requirements and has already been validated by the AV industry with a wide array of potential customers worldwide. Read More>>
Hy-Vee links with Google on digital services
The services powered by Google Cloud will make Hy-Vee’s Aisles Online shopping platform easier for customers to use, integrate the grocer’s virtual dietitian services and help shoppers schedule vaccine appointments online. Read More>>
U.S. food delivery giant DoorDash enters Japan
DoorDash’s services were launched in Sendai, a major city in Japan’s northeast, where users can order food from top chains and local restaurants serving sushi and beef tongue, a specialty in the area.
Read More>>
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