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Datastax acquires Kesque as it gets into data streaming

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Datastax, the company best known for commercializing the open-source Apache Cassandra database, is moving beyond databases. As the company announced today, it has acquired Kesque, a cloud messaging service.

The Kesque team built its service on top of the Apache Pulsar messaging and streaming project. Datastax has now taken that team’s knowledge in this area and, combined with its own expertise, is launching its own Pulsar-based streaming platform by the name of Datastax Luna Streaming, which is now generally available.

This move comes right as Datastax is also now, for the first time, announcing that it is cash-flow positive and profitable, as the company’s chief product officer, Ed Anuff, told me. “We are at over $150 million in [annual recurring revenue]. We are cash-flow positive and we are profitable,” he told me. This marks the first time the company is publically announcing this data. In addition, the company also today revealed that about 20 percent of its annual contract value is now for DataStax Astra, its managed multi-cloud Cassandra service and that the number of self-service Asta subscribers has more than doubled from Q3 to Q4.

The launch of Luna Streaming now gives the 10-year-old company a new area to expand into — and one that has some obvious adjacencies with its existing product portfolio.

“We looked at how a lot of developers are building on top of Cassandra,” Anuff, who joined Datastax after leaving Google Cloud last year, said. “What they’re doing is, they’re addressing what people call ‘data-in-motion’ use cases. They have huge amounts of data that are coming in, huge amounts of data that are going out — and they’re typically looking at doing something with streaming in conjunction with that. As we’ve gone in and asked, “What’s next for Datastax?,’ streaming is going to be a big part of that.”

Given Datastax’s open-source roots, it’s no surprise the team decided to build its service on another open-source project and acquire an open-source company to help it do so. Anuff noted that while there has been a lot of hype around streaming and Apache Kafka, a cloud-native solution like Pulsar seemed like the better solution for the company. Pulsar was originally developed at Yahoo! (which, full disclosure, belongs to the same Verizon Media Group family as TechCrunch) and even before acquiring Kesque, Datastax already used Pulsar to build its Astra platform. Other Pulsar users include Yahoo, Tencent, Nutanix and Splunk.

“What we saw was that when you go and look at doing streaming in a scale-out way, that Kafka isn’t the only approach. We looked at it, and we liked the Pulsar architecture, we like what’s going on, we like the community — and remember, we’re a company that grew up in the Apache open-source community — we said, ‘okay, we think that it’s got all the right underpinnings, let’s go and get involved in that,” Anuff said. And in the process of doing so, the team came across Kesque founder Chris Bartholomew and eventually decided to acquire his company.

The new Luna Streaming offering will be what Datastax calls a “subscription to success with Apache Pulsar.’ It will include a free, production-ready distribution of Pulsar and an optional, SLA-backed subscription tier with enterprise support.

Unsurprisingly, Datastax also plans to remain active in the Pulsar community. The team is already making code contributions, but Anuff also stressed that Datastax is helping out with scalability testing. “This is one of the things that we learned in our participation in the Apache Cassandra project,” Anuff said. “A lot of what these projects need is folks coming in doing testing, helping with deployments, supporting users. Our goal is to be a great participant in the community.”

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Flourish, a startup that aims to help banks engage and retain customers, raises $1.5M

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It’s not uncommon these days to hear of U.S.-based investors backing Latin American startups.

But it’s not every day that we hear of Latin American VCs investing in U.S.-based startups.

Berkeley-based fintech Flourish has raised $1.5 million in a funding round led by Brazilian venture capital firm Canary. Founded by Pedro Moura and Jessica Eting, the startup offers an “engagement and financial wellness” solution for banks, fintechs and credit unions with the goal of helping them engage and retain clients.

Also participating in the round were Xochi Ventures, First Check Ventures, Magma Capital and GV Angels as well as strategic angels including Rodrigo Xavier (former Bank of America CEO in Brazil), Beth Stelluto (formerly of Schwab),  Gustavo Lasala (president and CEO of The People Fund) and Brian Requarth (Founder of Viva Real). 

With clients in the U.S., Bolivia and Brazil, Flourish has developed a solution that features three main modules: 

  • A rewards engine designed to incentivize users to save or invest money
  • An intelligent and automated micro-savings feature where users can create personalized rules (such as transferring $15 into a rainy day fund every time their favorite sports team wins)
  • A financial knowledge module, where personal financial transactions and spending patterns are turned into a question and answer game. 

In the U.S., Flourish began by testing end-user mechanics with organizations such as CommonWealth and OpportunityFund. In 2019, it released a B2C version of the Flourish app (called the Flourish Savings App)  as a pilot for its banking platform, which can integrate with banks through a SDK or an API.  It is also now licensing its engagement technology to banks, retailers and fintechs across the Americas. Flourish has piloted or licensed its solution to US-based credit unions, Sicoob (Brazil’s largest credit union) and BancoSol in Bolivia. 

The startup makes money through a partnership model that focuses on user activation and engagement. 

Both immigrants, Moura and Eting met while in the MBA program at the Haas School of Business at UC Berkeley. Moura emigrated to the U.S. from Brazil as a teen while Eting is the daughter of a Filiponio father and mother of Mexican descent.

The pair bonded on their joint mission of building a business that empowered people to create positive money habits and understand their finances.

Currently, the 11- person team works out of the U.S., Mexico and Brazil. It plans to use its new capital to increase its number of customers in LatAm, do more hiring and develop new functionalities for the Flourish platform. 

In particular, it plans to next focus on the Brazilian market, and will scale in a few select countries in the Americas. 

“There are three things that make Latin America, and more specifically Brazil, attractive to us at this moment,” Moura said. “Currently, the B2B financial technology market is still in its nascency. This combined with open banking regulation and the need for more responsible products provides Flourish a unique opportunity in Brazil.”

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Inside Workvivo’s plans to take on Microsoft in the employee experience space

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Maintaining company culture when the majority of staff is working remotely is a challenge for every organization — big and small.

This was an issue, even before COVID. But it’s become an even bigger problem with so many employees working from home. Employers have to be careful that workers don’t feel disconnected and isolated from the rest of the company and that morale stays high.

Enter Workvivo, a Cork, Ireland-based employee experience startup that is backed by Zoom founder Eric Yuan and Tiger Global that has steadily grown over 200% over the past year.

The company works with organizations ranging in size from 100 employees to over 100,000 and boasts more than 500,000 users. According to CEO and co-founder John Goulding, it’s had 100% retention since it launched. Customers include Telus International, Kentech, A+E Networks and Seneca Gaming Corp., among others.

Founded by Goulding and Joe Lennon in 2017, Workvivo launched its employee communication platform in mid-2018 with the goal of helping companies create “an engaging virtual workplace” and replace the outdated intranet.

“We’re not about real time, we’re more asynchronous communication,” Goulding explained. “We have a lot of transactional tools, and typically carry the bigger message about what’s going on in a company and what positive things are happening. We’re more focused on human connection.”

Using Workvivo, companies can provide information like CEO updates, recognition for employees via a social style — “more things that shape the culture so workers can get a real sense of what’s happening in an organization.” It launched podcasts in the second quarter and livestreaming in Q4.

In 2019, Workvivo showed its product to Zoom’s Yuan, who ended up becoming one of the company’s first investors. Then in May of 2020, the company raised $16 million in a Series A funding led by Tiger Global, which is best known for large growth-oriented rounds.

Workvivo, which was built out long before the COVID-19 pandemic, found itself in an opportune place last year. And demand for its offering has reflected that. 

“Since COVID hit, growth has accelerated,” Goulding told TechCrunch. “We grew three times in size over where we were before the pandemic started, in terms of revenue, users, customers and employees.”

The SaaS operator’s deals range from $50,000 to close to $1 million a year, he said. Workvivo is Europe-based and operates in 82 countries. But the majority of its customers are located in the U.S. with 80% of its growth coming from the country.

The startup opened an office in San Francisco in early 2020, which it is expanding. Thirty percent of its 65-person team is currently U.S.-based, with some working remotely from other states.

While Workvivo would not reveal hard revenue figures, Goulding only said it’s not seeking additional funding anytime soon considering the company is “in a very strong capital position.”

To tackle the same problem, Microsoft last month launched Viva, its new “employee experience platform,” or, in non-marketing terms, its new take on the intranet sites most large companies tend to offer their employees. With the move, Microsoft is taking on the likes of Facebook’s Workplace platform and Jive in addition to Workvivo.

Despite the increasingly crowded space, Workvivo believes it has an advantage over competitors in that it integrates well with Slack and Zoom.

“We’re sitting alongside Slack and Zoom in the ecosystem,” Goulding said. “There’s Zoom, Slack and us.”

Slack is real-time messaging and what’s happening in the immediate future, and Zoom is real-time video and “about the moment,” he said.

To Goulding, Microsoft’s new offering is unproven yet and a reactionary move.

“It’s obvious there’s a battle to be won for the center of the digital workplace,” he said. “We’re here to capture the heartbeat of an organization, not pulses.”

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Bitflips when PCs try to reach windows.com: What could possibly go wrong?

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Stock photo of ones and zeros displayed across a computer screen.

Enlarge (credit: Getty Images)

Bitflips are events that cause individual bits stored in an electronic device to flip, turning a 0 to a 1 or vice versa. Cosmic radiation and fluctuations in power or temperature are the most common naturally occurring causes. Research from 2010 estimated that a computer with 4GB of commodity RAM has a 96 percent chance of experiencing a bitflip within three days.

An independent researcher recently demonstrated how bitflips can come back to bite Windows users when their PCs reach out to Microsoft’s windows.com domain. Windows devices do this regularly to perform actions like making sure the time shown in the computer clock is accurate, connecting to Microsoft’s cloud-based services, and recovering from crashes.

Remy, as the researcher asked to be referred to, mapped the 32 valid domain names that were one bitflip away from windows.com. He provided the following to help readers understand how these flips can cause the domain to change to whndows.com:

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