Battery Ventures

The 2024 State of the OpenCloud report is live! ?? Authors Dharmesh Thakker, Danel Dayan, Jason Mendel, Sudhee Chilappagari, Patrick Hsu and Payal Modi analyze the cloud industry’s slow but steady #AI adoption curve and highlight emerging operational best practices for founders and CEOs. Check out the full blog and report here ?? https://bit.ly/3CiexmA We’re excited to discuss the report and more at our annual #OpenCloud summit today in San Francisco! Special thanks to this year’s speakers: ClickHouse CEO Aaron Katz, Databricks CRO Ron Gabrisko, Fidelity Investments Head of Digital Products Adam Ely, GitHub CTO Michael Hanley, Glean CEO Arvind Jain, Harness CEO Jyoti Bansal, Memorial Hermann Health System SVP and Chief Digital Officer Eric Smith, Netskope CEO Sanjay Beri, Sigma Computing CEO Mike Palmer, Vanta CEO Christina Cacioppo and Workato CEO Vijay Tella.

We are pleased to announce the sale of PST Process Sensing Technologies. Throughout our partnership, AEA has worked closely with the PST team to successfully grow the company into a global, scaled market leader in the advanced measurement and monitoring solutions space – providing a strong foundation for the future. Read more on our announcement with co-investor Battery Ventures: https://lnkd.in/efzYbiN6

Get the #OpenCloud 2024 inside scoop from our Marketing Partner Rebecca Buckman! ????

What does it take to design products that not only deliver value but shape the future of work? CEO Vijay Tella joined Mike Palmer, CEO of Sigma Computing, on stage at Battery Ventures OpenCloud Summit to share insights into the principles that guide best-in-class product design. The event, exclusively for founders and CEOs, brought together some of the fastest-growing and most promising cloud-software companies across sectors like GenAI apps, data infrastructure, and developer tools. It was an exciting opportunity to exchange ideas on how innovation and thoughtful design drive transformative solutions. #ProductDesign #FutureOfWork #WorkatoCommunity #OpenCloudSummit

Are today's massive #AI funding rounds hindering efficiency rather than fueling innovation? ?? Check out the latest post on our Condensing the Cloud Substack, in which Dharmesh Thakker breaks down how AI giants like OpenAI are raising unprecedented sums and questions the sustainability of such strategies. Should AI companies rethink their funding strategies to prioritize profitability over spending? Read more and subscribe to Condensing the Cloud here: https://bit.ly/4fQTp5i

We are proud to announce that our principal, Collier Searle, was named to The Wall Street Journal PE Pro’s list of Women to Watch Rising Stars! ?? “Since joining Battery Ventures four years ago, Collier Searle has led sourcing and due-diligence efforts on numerous potential transactions. She was promoted to principal earlier this year. Investments she has worked on include employee moving services provider Shiftmove, which involved acquiring and combining two companies simultaneously, and Dutch software maker ORTEC. Both deals entailed significant complexity.” Well-deserved, Collier! ??

Taster keeps writing the next chapter on food. We just opened a brand new physical store in Orléans Métropole, France. This marks a significant milestone in redefining quick-service food for the 21st century. From digital-first brands to bustling city locations, we're bridging the gap between online and offline experiences. Our new store is the go-to for the Gen Z generation. It offers click-and-collect and delivery options, showcasing our most popular brands, Pepe Chicken, Out Fry, Starsmash, Kiss My Burger and KO Tacos. This is just the beginning. We aim to expand to 1,500 locations worldwide by 2030, creating over 10,000 jobs and empowering local entrepreneurs through our next-gen franchise network. Taster is already the 3rd largest player in France's delivery market, challenging established giants. With this move into physical stores, we're positioned to become a major force in the global quick-service restaurant industry. I am proud of our team and excited for what's next. Stay tuned! Cc. Les Echos Bertrand Peyrat Andreas H. and team ?? https://lnkd.in/eJiPyX8x

?? A big thank you to everyone who made last week’s OpenCloud 2024 such a success! From the insightful discussions to our incredible speakers, it was a day to remember. Special thanks to our speakers and moderators for their thought-provoking panels, and to our team for all their hard work compiling the latest Cloud and AI market insights and operational best practices for our annual State of the OpenCloud report:? Dharmesh Thakker, Danel Dayan, Jason Mendel, Sudhee Chilappagari, Payal Modi and Patrick Hsu. Want to learn more about the state of #OpenCloud? Check out the full report now: https://bit.ly/3CiexmA

Tech leaders, CTOs and a whole lot of great conversations at last week's breakfast and cocktails event! Thank you to everyone who joined us and shout-out to our amazing speakers: Aviram Roisman, co-founder and CTO of Quack AI; Demi Ben-Ari, co-founder and CTO of Panorays; Guy Zipori, VP of research and development at Melio; Inna Weiner, data and engineering leader at Google; Maayan Lahav, co-founder and CTO of Efficio; and Or Hiltch, VP of engineering, chief data & AI architect at JLL. Special thanks to our Partner Barak Schoster Goihman and to our wonderful co-hosts at Fusion VC. We can't wait for the next one!???

Congratulations to the Forterro team! ??