Hendri Wigunah

Hendri Wigunah

Startup Founder & Millenial Entrepreneur

LumApps raises $70M Series C led by Goldman Sachs – TechCrunch

LumApps, the cloud-based social intranet for the enterprise, has closed $70 million in Series C funding. Leading the round is Goldman Sachs Growth, with participation from Bpifrance via its Growth Fund Large Venture. Others participating include Idinvest Partners, Iris Capital, and Famille C (the family office of Courtin-Clarins). The round brings the total raised by… Continue reading

DigitalOcean is laying off staff, sources say 30-50 affected – TechCrunch

After appointing a new CEO and CFO last summer, cloud infrastructure provider DigitalOcean is embarking on a wider reorganisation: the startup has announced a round of layoffs, with potentially between 30 and 50 people affected. DigitalOcean has confirmed the news with the following statement: “DigitalOcean recently announced a restructuring to better align its teams to its… Continue reading

Atrium lays off lawyers, explains pivot to legal tech – TechCrunch

Seventy-five-million-dollar-funded legal services startup Atrium doesn’t want to be the next company to implode as the tech industry tightens its belt and businesses chase margins instead of growth via unsustainable economics. That’s why Atrium is laying off most of its in-house lawyers. Now, Atrium will focus on its software for startups navigating fundraising, hiring and… Continue reading

Adobe turns it up to 11, surpassing $11B in revenue – TechCrunch

Yesterday, Adobe submitted its quarterly earnings report — and the results were quite good. The company generated a tad under $3 billion for the quarter, at $2.99 billion, and reported that revenue exceeded $11 billion for FY 2019, its highest-ever mark. “Fiscal 2019 was a phenomenal year for Adobe as we exceeded $11 billion in… Continue reading