Instabase announced completion of a Series C round for $45 million. This values the company at $2 billion, double the valuation from its Series B round of 2019. Instabase is now the most valuable software company whose main business is to provide solutions for unstructured document or data processing. How did they get here?
Foundational Large Language Models (LLMs) are now widely available to developers and – just as importantly – are now economically feasible for business applications. This marks the beginning of the 4th Wave of IDP.
Information Management is facing an existential crisis. In this first of three posts we consider what Information Management is….
Today, Hyland laid off around 1,000 members of its staff, about 20% of the company. That’s awful news for all those impacted, the staff members, their families, and their extended communities. Was it a surprise? Well, yes and no. It wasn’t a surprise that layoffs were coming; the scale of the layoffs was.
At Deep Analysis, we keep up with the pace of knowledge management innovation, so you don’t have to. To the IT mainstream, KM has long been an esoteric corner where it’s difficult to pin down the actual business value – and that has held back enterprise adoption. That’s about to change with the rise of the LLM.
In the red corner were those that stated that if you are a well-established customer of Box, there was no logic in migrating to Microsoft. In the blue corner were those who boldly said there was no logic for anyone staying on Box.
Intelligent document processing (IDP) software is an essential component of digital transformation projects. Our report gives a comprehensive overview of market size, forecasts, vendors and buying tips.
Was the recent Syntex announcement at Ignite 2022 the most significant Microsoft news drop since the launch of SharePoint in 2001?
The goal is to release updates to Titanium every three months for the next year and a half, so that’s something we will watch closely to monitor the progress.
Unlike the past two years’ flurry of game-changing product announcements such as Box Sign, Box Shield, Box Governance, and Box Shuttle, Box Works 2022 was short on “new” and long on “we’re now in GA with all the stuff we said we would do”. This will be good news for Box’s enterprise license customers who seem eager to deploy the new tools.
Hyland took the plunge this year to return to an in-person (Nashville, TN) customer event. That decision was not an easy one to make. Many other tech firms have been struggling with the same decision-making process in the wake of the pandemic. But thankfully, it worked out well, and Community Live was well attended. So …
How can a mature, mid-size IDP classic player compete with the shiny new AI-first stories? Their AI pitches are threatened with oblivion, overwhelmed by the capital-infused buzz created by the flashy start-ups with those huge sales and marketing budgets.
It’s hard to believe that I founded Deep Analysis five years ago (almost to the day). It’s hard to believe we made it this far and that we are looking forward to the next five. But maybe what is hardest to grasp is just how much our industry has changed over these past few years. …
At Deep Analysis, we undertake technical and market due diligence for Private Equity, Investment Banks, and Vendors looking to acquire. Hence we keep a close eye on what is happening in the broader Information Management and Enterprise Automation market. May, except for the massive Kofax deal (our analysis here), has been relatively quiet, but a few deals this month did catch our attention….
Gartner has dropped its Magic Quadrant (MQ) for Content Services; it’s a big event in a relatively small world.
Every month or two, we do a quick round-up of the deals in the Information Management and Automation sector that caught our eyes. So much activity is a sign of health and strength in the industry.
IDP (AI-powered document capture/OCR) is about to cross the venerable chasm and enter the main street of B2B purchasing. And the charge is being led not by the legacy IDP vendors, but by the upstarts.
Before the pandemic, buyers were assailed by market and sales efforts from RPA and AI document automation vendors alike, which naturally spiked some interest. But the pandemic has driven a more rational reason growth of interest.
Every technology vendor and enterprise that recognizes that humans are the essential ingredient rather than the technology itself, that more data or information is not always better, and that unraveling decades of technology and culture takes time and often a brave leap of faith will be agents of positive change. They will leave behind the hoarders, the tech-obsessed, and the unrealistic in their wake.
OCR and RPA are becoming commodities, but that does not mean the end of capture and process management vendors. Instead, it means it’s time for them to consolidate, hunker down or pivot to new markets.
