Top 10 Headlines You NEED to Know About Startups This Week

  1. Octopus Deploy, a company developing automatic enterprise software deployment tools, has received its first outside investment of $172.5M from Insight Partners after a decade of bootstrapping
  • Continuous delivery software is a extremely competitive field, with similar products launching from Jenkins, CircleCI, and GitLab
  • With the pandemic, remote hiring has been extremely tough for some companies, so companies like Deel are on the rise and are expected to prosper throughout and beyond the pandemic
  • Giants like Apple Pay, PayPal, and Venmo dominate the field, but PicPay has special social networking features that differentiate the product
  • Competitors include OneTrust, who in 2020 reached a $5.1B valuation, Egnyte, and TrustArc
  • During the pandemic, cybersecurity experts are seeing a 400% increase in online scams, which increases the demand for services like Sift, protecting consumers and their valuables
  • MANTL directly competes with TurnKey Lender, nCino Bank Operating System, and Numerated, but MANTL is the only one who focuses on community banks and empowering locals
  • Currently, this space with focus on connecting immigrants through data and technology is not very crowded, so Welcome Tech has the capacity to gain more market share, potentially reaching over 9M new immigrants every year
  • Received the award for TIME Best Inventions of 2020 and was founded by the Co-Founder of MasterClass
  • Global warming has accelerated the creation of hydrogen-powered planes, including Airbus which promises to have a model prepared for service by 2035
  • Medchart is updating an outdated system which Availity, TriZetto, and MedTrainer are aiming to do as well

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