Canopy Raises $20 Million in Series B Round

LEHI, Utah – Canopy, the practice management platform for tax professionals, announced today that it has closed a $20 million Series B financing led by Pelion Venture Partners, with participation from existing investors New Enterprise Associates (NEA), EPIC Ventures, and Deep Fork Capital. This round brings Canopy’s total funding to $30 million to date. Canopy is a cloud-based platform built to make the notoriously painful tax filing process more efficient and transparent for both tax professionals and their clients.

Clearlake buys a big slice of NetDocuments

Clearlake Capital Group LP (together with its affiliates, “Clearlake”) just announced that it has reached a definitive agreement in partnership with management to acquire NetDocuments (the “Company”), a provider of secure cloud-based document management, email management, and collaboration solutions to law firms and corporate legal and compliance departments. The Company will continue to be led by Matt Duncan, CEO, and Alvin Tedjamulia, CTO, who will both join the Board of Directors alongside Clearlake. Financial terms were not disclosed.

The Best Cloud Computing Companies And CEOs To Work For In 2017 Based On Glassdoor

Employees would most recommend ApprendaDocuSignGoogleHyTrustMendixM-FilesMimecastOutSystemsProsperWorks and Zerto to their friends looking for a cloud computing company to work for in 2017. These and other insights are from an analysis completed today to determine the best cloud computing companies and CEOs to work for this year.

To keep the rankings and analysis completely impartial and fair, the latest Computer Reseller News list, The 100 Coolest Cloud Computing Vendors Of 2017 is the basis of the rankings. Forbes readers often ask for recommendations of the best cloud computing companies to work for, and their requests led to this analysis.  There are hundreds of new positions open across the top companies listed, with many of them competing for new hires with competitive salaries, above-average benefits programs and opportunities for professional growth. Most importantly, many of them are led by CEOs and senior management teams who take a hands-on approach every day to building strong corporate cultures where employees can thrive.

Sixth Largest Public School System in the Country Selects Canvas To Support K-12 Personalized Learning Experiences

SALT LAKE CITYOct. 4, 2016 /PRNewswire/ -- Canvas by Instructure, (NYSE: INST), the open online learning management system (LMS) that makes teaching and learning easier, announced today a five-year contract with Broward County School District in Florida, the sixth largest public school system in the country with 265,000 students.

The collaboration between Canvas and Broward County School District will enable educators, students, and parents to take advantage of learning management system (LMS) technology. Canvas will replace all of Broward's existing LMS platforms and standardize the education technology used in thousands of classrooms throughout the second most populous county in Florida.

Recursion Pharmaceuticals Raises $13M to Discover New Drugs Using Artificial Intelligence

SALT LAKE CITY--(BUSINESS WIRE)--Recursion Pharmaceuticals today announced its $12.9 million Series A round of funding, led by leading deep technology investor Lux Capital, with participation from Obvious VenturesEpic Ventures,Data CollectiveAME Cloud Ventures, Wild Basin Investments, and several prominent angel investors. Recursion has built a proprietary drug discovery platform that combines the best elements of high-throughput biology and automation with the newest advances in Artificial Intelligence (AI). The company has already identified novel uses for known drugs, bioactive compounds, and shelved pharma assets in the space of rare genetic disease. With its Series A funding, Recursion will develop its next-generation “Platform 2.0” – to scale its endeavor from the exploration of dozens of targets and diseases per year to thousands.

Simplus reels in over $7 mln Series A

SALT LAKE CITY, UT—September 30, 2016—Simplus, a Salesforce Consulting Partner and leader in Salesforce Quote-to-Cash implementations, today announced it has raised more than $7M in a Series A funding round led by Epic Ventures with participation from Salesforce Ventures and others. Simplus also today announced its acquisition of BaldPeak Consulting, a provider of quote-to-cash services. The funding and acquisition will help Simplus expand its implementation services to additional Salesforce Quote-to-Cash ISV partners.

Everspin’s Scalable Spin Torque MRAM Technology To Be Deployed in GLOBALFOUNDRIES 22FDX Platform as a Non-Volatile Embedded Memory

-(BUSINESS WIRE)--Everspin Technologies, Inc. has announced that its most advanced ST-MRAM technology will be available as an embedded memory through its relationship with GLOBALFOUNDRIES. With the GLOBALFOUNDRIES announcement of 22FDX eMRAM based on Everspin’s ST-MRAM technology, customers will have access to memory that offers the benefit of working memory (SRAM) combined with code storage (Flash), enabling system designers to take advantage of our latest NVM memory technology.

A high-tech mecca rises to rival Silicon Valley

An investor would be crazy to ignore Utah today, where the Silicon Slopes — a stretch of cities along the Rocky Mountains, from Ogden in the north to Provo in the south and Salt Lake City in between — has emerged this decade as a hotbed of tech entrepreneurship, plucky start-ups and impressive software companies worth at least $1 billion on paper.

Samsung to acquire Joyent

Container pioneer and Sun alumni lair Joyent has been bought by Samsung.

Since the buyer is a world-spanning industrial powerhouse, the acquisition is too small for Samsung to have to talk about the price.

Joyent's probably most famous as the first corporate steward of node.js and one of the language's largest users. It's also got containers-as-a-service under the Triton brand, and the Manta object-storage-as-a-service.

From Joyent's point of view the rationale behind the deal is simple. As CEO Scott Hammond – formerly of Cisco, not Sun – says, it's about scale: Joyent lacks it and Samsung has it in spades.

Samsung is also going to become an “anchor tenant” for Triton and Manta, Hammond writes, before drifting off into the inevitable corporate-speak about a “culture of innovation and technical excellence”.

As reassurance for customers who regularly see products consigned to the bin after acquisition, Hammond promises a strong future for Joyent's technology.