Tag Archives: Eric Blattberg

Never lose a file again: Docurated nabs its first major funding round

Never lose a file again: Docurated nabs its first major funding round

New York City’s Chelsea Piers, home to the Docurated office.

Nowadays, people use a bevy cloud storage services for work — Dropbox, Box, Google Drive, Egnyte, and Hightail just barely scratch the surface.

Now, where the hell did you put that file?

That’s the problem New York City-based Docurated has set out to solve. The startup, which today announced $3.75 million in new funding, offers companies the capability to index and search for all their files, whether they’re on local servers or cloud-storage services.

Docurated CEO Alex Gorbansky

Docurated CEO Alex Gorbansky

“You can think of Docurated as Google for your documents,” said Alex Gorbansky, the company’s CEO and founder, in an interview with VentureBeat. “While the cost of cloud storage us decreasing, the actual cost of retrieving information from all of these different storage repositories has become exceptionally more expensive.”

The company focuses on the enterprise market, as its solution is more useful when dealing with large volumes of content. (Plus, large enterprises are more likely to have money to spend on this kind of functionality than a burgeoning startup.)

Docurated automatically preserves existing authorization and permissions structures so that people can only see content that they were previously able to access. They can also create a new document and push it back into other systems through Docurated.

“It’s the smarts and intelligence of Google with the beauty and visual intelligence of something like an Instagram or a Pinterest,” said Gorbansky.

Since the company’s early 2012 launch, it’s racked up customers like Netflix, IFC, and Cox Media. Gorbansky said 2013 revenues were 2,000 percent higher than 2012′s, and that Docurated is already seeing “significant momentum” in 2014.

Rogers Venture Partners led the $3.75 million funding round in Docurated, bringing the company’s total financing to $5.35 million. (It raised a $1.6 million seed round in summer 2012.)

Docurated currently has 24 employees. With more cash on-hand, it plans to ramp up its sales and marketing team as well as its engineering efforts.

“We haven’t done much marketing yet, but we’re going to be doing more,” said Gorbansky. “We have a singular focus of making information much more discoverable, usable, and valuable.”


Venture-backed IPOs surge to highest level since the Great Recession

Venture-backed IPOs surge to highest level since the Great Recession
Eric Blattberg / VentureBeat

The floor of the New York Stock Exchange during Twitter’s IPO on Nov. 7, 2013.

2013 was a good year to be a venture capitalist.

In the fourth quarter of 2013, 24 venture-backed companies made their initial public offerings, collectively raising $5.3 billion. It was the third consecutive quarter with more than 20 VC-backed IPOs, making 2013 the best year for new listings since 2007, the year before the Great Recession, according to data collected by Thomson Reuters and the National Venture Capital Association (NVCA).

Overall, 82 venture-backed companies offered their initial public shares in 2013, raising more than $11.2 billion. 2012′s dollar total was higher, at nearly $21.5 billion, but that’s largely attributable to Facebook’s $16 billion IPO; 48 other companies account for the remaining $5.5 billion. Excluding Facebook’s blockbuster IPO, this past quarter marks the highest dollar total raised by venture-backed companies since the second quarter of 2011.

Twitter had the most widely discussed IPO of the year, generating a record $1.8 billion for the company (and another $300 million in the following days, when Twitter’s underwriting banks exercised their option to sell an additional 10.5 million shares). But the biotech sector was the year’s quiet winner, accounting for more than half the IPOs in 2013.

The strength of the overall IPO market in 2013 — especially in biotech – is thanks to the JOBS Act’s onramp provision, said NVCA’s research chief in a statement. The JOBS Act eases the process of going public for “emerging growth companies,” or businesses with less than $1 billion in annual revenues, enabling them to submit registration statements to the SEC on a confidential basis.

Because of the SEC doesn’t publish statistics on the number of confidential IPO registrations it receives, the IPO pipeline has become cloudier, but that doesn’t appear to have hindered the success of IPOs. Of the 24 companies that went public in the fourth quarter, 22 are trading at or above their offering price.

Merger-and-acquisition deals didn’t fare as well in 2013, however. With 377 acquisitions of venture-backed companies this year, 2013 was the slowest year for M&A deals since 2009.

For more details on the IPOs and M&A deals of 2013, check out the chart below.

IPO and M&A chart (2013)


Microsoft reportedly developing a programming language called M# — and it may be open-sourced

Microsoft reportedly developing a programming language called M# — and it may be open-sourced
Photo Illustration: Eric Blattberg

Microsoft is apparently creating a brand new programming language to build a non-Windows operating system.

The new language came to light on Friday when Microsoft researcher Jim Duffy blogged about it. A ZDNet report says the language is codenamed M# (“M Sharp”), though Duffy doesn’t refer to that name in his post.

M# graphDuffy describes the language as a set of “systems programming” extensions to C# that offers a better balance between “performance” and “safety & productivity” than other popular languages. His team has been working on it for four years, he said, and his “goal is to eventually open source this thing” — potentially in 2014.

In a Reddit thread discussing Duffy’s post, a self-identified former Microsoft employee said the language “grew out of Sing#, the system language of Microsoft Research’s Singularity OS.”

Microsoft Research developed the microkernal-based Singularity OS between 2003 and 2010. That project reportedly gave rise to the Midori team, which was tasked with building a fast, lightweight OS that didn’t have to run Windows apps as an experiment.

But now it seems that Midori is more than a research project: it’s been moved to Microsoft’s Unified Operating System group, according to ZDNet. Midori is unlikely to see a standalone release, but pieces of it may emerge in future Microsoft operating systems.

Meanwhile, M# is being developed alongside (and utilized for) Midori. It could be used to build all sorts of applications, but may be especially useful for cloud computing apps.