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JXL turns Jira into spreadsheets
Atlassian’s Jira is an extremely powerful issue tracking and project management tool, but it’s not the world’s most intuitive piece of software. Spreadsheets, on the other hand, are pretty much the de facto standard for managing virtually anything in a business. It’s maybe no surprise then that there are already a couple of tools on the market that bring a spreadsheet-like view of your projects to Jira or connect it to services like Google Sheets.
The latest entrant in this field is JXL Spreadsheets for Jira (and specifically Jira Cloud), which was founded by two ex-Atlassian employees, Daniel Franz and Hannes Obweger. And in what has become a bit of a trend, Atlassian Ventures invested in JXL earlier this year.
Franz built the Good News news reader before joining Atlassian, while his co-founder previously founded Radiant Minds Software, the makers of Portfolio for Jira, which was acquired by Atlassian.
Image Credits: JXL
“Jira is so successful because it is awesome,” Franz told me. “It is so versatile. It’s highly customizable. I’ve seen people in my time who are doing anything and everything with it. Working with customers [at Atlassian] — at some point, you didn’t get surprised anymore, but what the people can do and track with Jira is amazing. But no one would rock up and say, ‘hey, Jira is very pleasant and easy to use.’ ”
As Franz noted, by default, Jira takes a very opinionated view of how people should use it. But that also means that users often end up exporting their issues to create reports and visualizations, for example. But if they make any changes to this data, it never flows back into Jira. No matter how you feel about spreadsheets, they do work for many people and are highly flexible. Even Atlassian would likely agree because the new Jira Work Management, which is currently in beta, comes with a spreadsheet-like view and Trello, too, recently went this way when it launched a major update earlier this year.
Image Credits: JXL
Over the course of its three-month beta, the JXL team saw how its users ended up building everything from cross-project portfolio management to sprint planning, backlog maintenance, timesheets and inventory management on top of its service. Indeed, Franz tells me that the team already has some large customers, with one of them having a 7,000-seat license.
Pricing for JXL seems quite reasonable, starting at $1 flat for teams with up to 10 users. Larger teams pay per user/month, with prices that go down to $0.45/user/month for licenses with over 5,000 seats. There is also a free trial.
One of the reasons the company can offer this kind of pricing is because it only needs a very simple backend. None of a customer’s data sits on JXL’s servers. Instead, it sits right on top of Jira’s APIs, which in turn also means that changes are synced back and forth in real time.
JXL is now available in the Atlassian Marketplace and the team is actively hiring as it looks to build out its product (and put its new funding to work).
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1Password acquires SecretHub and launches new enterprise secrets management tool
1Password, the password management service that competes with the likes of LastPass and BitWarden, today announced a major push beyond the basics of password management and into the infrastructure secrets management space. To do so, the company has acquired secrets management service SecretHub and is now launching its new 1Password Secrets Automation service.
1Password did not disclose the price of the acquisition. According to CrunchBase, Netherlands-based SecretHub never raised any institutional funding ahead of today’s announcement.
For companies like 1Password, moving into the enterprise space — and managing corporate credentials, API tokens, keys and certificates for individual users and their increasingly complex infrastructure services — seems like a natural move. And with the combination of 1Password and its new Secrets Automation service, businesses can use a single tool that covers them, from managing their employee’s passwords to handling infrastructure secrets. 1Password is currently in use by more then 80,000 businesses worldwide, and a lot of these are surely potential users of its Secrets Automation service, too.
“Companies need to protect their infrastructure secrets as much if not more than their employees’ passwords,” said Jeff Shiner, CEO of 1Password. “With 1Password and Secrets Automation, there is a single source of truth to secure, manage and orchestrate all of your business secrets. We are the first company to bring both human and machine secrets together in a significant and easy-to-use way.”
In addition to the acquisition and new service, 1Password also today announced a new partnership with GitHub. “We’re partnering with 1Password because their cross-platform solution will make life easier for developers and security teams alike,” said Dana Lawson, VP of partner engineering and development at GitHub, the largest and most advanced development platform in the world. “With the upcoming GitHub and 1Password Secrets Automation integration, teams will be able to fully automate all of their infrastructure secrets, with full peace of mind that they are safe and secure.”
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Twitter said to have held acquisition talks with Clubhouse on potential $4B deal
Twitter held talks with Clubhouse around a potential acquisition of the live drop-in audio networking platform, with a deal value somewhere around $4 billion, according to a report from Bloomberg. TechCrunch has also confirmed the discussions took place from a source familiar with the conversations.
While the talks occurred over the past several months, they’re no longer taking place, though the reason they ended isn’t known according to the report. It’s also worth noting that just a few days ago, Bloomberg reported that Clubhouse was seeking to raise a new round of funding at a valuation of around $4 billion, but the report detailing the potential acquisition talks indicate that the discussions with Twitter collapsed first, leading to a change in strategy to pursue securing additional capital in exchange for equity investment.
Twitter has its own product very similar to Clubhouse — Spaces, a drop-in audio chatroom feature that it has been rolling out gradually to its user base over the past few months. Clubhouse, meanwhile, just launched the first of its monetization efforts, Clubhouse Payments, which lets users send direct payments to other creators on the platform, provided that person has enabled receipt of said payments.
Interestingly, the monetization effort from Clubhouse actually doesn’t provide them with any money; instead, it’s monetization for recipient users who get 100% of the funds directed their way, minus a small cut for processing that goes directly to Stripe, the payment provider Clubhouse is using to enable the virtual tips.
While we aren’t privy to the specifics of these talks between Twitter and Clubhouse, it does seem like an awfully high price tag for the social network to pay for the audio app, especially given its own progress with Spaces. Clubhouse’s early traction has been undeniable, but there are a lot of questions still remaining about its longevity, and it’s also being cloned left and right by other platforms, begging the age-old startup question of whether it’s a feature or a product on its own.
Whatever went down, the timing of this revelation seems likely to prime the pump for Clubhouse’s conversation with potential investors at its target valuation for the round it’s looking to raise. Regardless, it’s exciting to have this kind of activity, buzz and attention paid to a consumer software play after many years of what one could argue has been a relatively lackluster period for the category.
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CaptivateIQ raises $46M for its no-code sales commissions platform
CaptivateIQ, which has developed a no-code platform to help companies design customized sales commission plans, has raised $46 million in a Series B round led by Accel.
Existing backers Amity, S28 Capital, Sequoia and Y Combinator also participated in the financing, which brings the San Francisco-based company’s total raised to $63 million since its 2017 inception.
CaptivateIQ must be doing something right. While it is not yet profitable, the startup’s revenue has grown 600% year-over-year. To date, it has processed more than $2 billion in commissions on its platform across hundreds of enterprise customers, including Affirm, TripActions, Udemy, Intercom, Newfront Insurance and JMAC Lending.
“A big part of our growth is that we can help any company that offers a performance-based compensation plan, so we don’t have any restrictions with the types of businesses we work with,” said co-CEO Mark Schopmeyer. “We typically see conversations start with teams that have a minimum of 25 sales people, though we easily serve enterprises and public companies as well.”
The number of payees — defined as someone receiving a payout in CapitvateIQ’s system — was up four times in December 2020 from the year prior. Plus, the company had “back-to-back record months” from September through the end of the year in 2020, according to Schopmeyer.
He, co-CEO Conway Teng and CTO Hubert Wong founded CaptivateIQ after coming out of Y Combinator’s Winter 2017 cohort.
Left to right: CaptivateIQ co-founders Hubert Wong, Mark Schopmeyer and Conway Teng. Image Credits: CaptivateIQ
The company touts its SaaS platform as a combination of the familiarity of spreadsheets with the scalability and performance of software, so that users can configure any commission plan “entirely on their own,” according to Teng.
“Calculating commissions is really complicated and mission-critical — think of it like a very complicated form of payroll — each company has a unique commission plan that involves a lot more calculations and data than your typical salary payroll math,” Teng said. “Also, in recent years, companies have access to more data than ever, giving them room to incentive employees on more performance metrics.”
Today, CaptivateIQ has 90 employees, more than triple what it did one year ago.
In 2020, the startup saw a bump in the number of non-high-technology companies buying its software, and as a result, CaptivateIQ is going to increase its efforts into those other verticals, according to Teng. So far, it has found success in particular in financial services, manufacturing and business services, among other sectors.
The pandemic served as a tailwind to its business. Sales teams generally rely on in-person interactions to stay productive, Schopmeyer points out. Without those activities over the past year, “having the right incentives in place became ever more critical as companies required new ways to motivate teams during the shift to remote work.”
“We saw our product usage skyrocket at the beginning of the pandemic as businesses quickly adjusted incentives, team quotas, SPIFs and other components of their comp plans to stay competitive,” he said.
The company plans to use its new capital to improve upon the user experience. Specifically, Teng said, it plans to introduce “more powerful data transformations, a richer set of formulas and off-the-shelf templates.”
Another goal is to automate and streamline the commissions process from beginning to end, he added. The startup is expanding its data integrations to support “all major data systems” and introducing new dashboarding capabilities. It’s also enhancing existing collaboration workflows around approvals, inquiries and contracts.
Looking ahead, CaptivateIQ is exploring the potential of applying its technology to solve for use cases outside the world of commissions — something that it says its customers are already doing.
“It’s exciting to see what people have been building, and we’re looking forward to enabling new solutions as we continue to release more of our core technology platform,” Teng said.
Accel Partner Ben Fletcher said the pain point of calculating and reporting sales commissions kept coming up among portfolio companies, with CaptivateIQ frequently referenced. Those companies, he said, tried more enterprise-grade solutions — “spending hundreds of thousands on implementation to ultimately find that their products did not work.” They also tried other newer tools that also just didn’t work well.
“As we dug in and talked with more and more customers, it was abundantly clear — CaptivateIQ was the best product in the space,” Fletcher said.
Besides ease of use, the fact that CaptivateIQ is a no-code tool, is a big deal to Accel.
“Similar to UIPath, Webflow, and Ada, CaptivateIQ is able to bring the power of customer development and automation to an easy to use, drag-and-drop product,” Fletcher said.
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Esri brings its flagship ArcGIS platform to Kubernetes
Esri, the geographic information system (GIS), mapping and spatial analytics company, is hosting its (virtual) developer summit today. Unsurprisingly, it is making a couple of major announcements at the event that range from a new design system and improved JavaScript APIs to support for running ArcGIS Enterprise in containers on Kubernetes.
The Kubernetes project was a major undertaking for the company, Esri Product Managers Trevor Seaton and Philip Heede told me. Traditionally, like so many similar products, ArcGIS was architected to be installed on physical boxes, virtual machines or cloud-hosted VMs. And while it doesn’t really matter to end-users where the software runs, containerizing the application means that it is far easier for businesses to scale their systems up or down as needed.
Esri ArcGIS Enterprise on Kubernetes deployment. Image Credits: Esri
“We have a lot of customers — especially some of the larger customers — that run very complex questions,” Seaton explained. “And sometimes it’s unpredictable. They might be responding to seasonal events or business events or economic events, and they need to understand not only what’s going on in the world, but also respond to their many users from outside the organization coming in and asking questions of the systems that they put in place using ArcGIS. And that unpredictable demand is one of the key benefits of Kubernetes.”
Deploying Esri ArcGIS Enterprise on Kubernetes. Image Credits: Esri
The team could have chosen to go the easy route and put a wrapper around its existing tools to containerize them and call it a day, but as Seaton noted, Esri used this opportunity to re-architect its tools and break it down into microservices.
“It’s taken us a while because we took three or four big applications that together make up [ArcGIS] Enterprise,” he said. “And we broke those apart into a much larger set of microservices. That allows us to containerize specific services and add a lot of high availability and resilience to the system without adding a lot of complexity for the administrators — in fact, we’re reducing the complexity as we do that and all of that gets installed in one single deployment script.”
While Kubernetes simplifies a lot of the management experience, a lot of companies that use ArcGIS aren’t yet familiar with it. And as Seaton and Heede noted, the company isn’t forcing anyone onto this platform. It will continue to support Windows and Linux just like before. Heede also stressed that it’s still unusual — especially in this industry — to see a complex, fully integrated system like ArcGIS being delivered in the form of microservices and multiple containers that its customers then run on their own infrastructure.
Image Credits: Esri
In addition to the Kubernetes announcement, Esri also today announced new JavaScript APIs that make it easier for developers to create applications that bring together Esri’s server-side technology and the scalability of doing much of the analysis on the client-side. Back in the day, Esri would support tools like Microsoft’s Silverlight and Adobe/Apache Flex for building rich web-based applications. “Now, we’re really focusing on a single web development technology and the toolset around that,” Esri product manager Julie Powell told me.
A bit later this month, Esri also plans to launch its new design system to make it easier and faster for developers to create clean and consistent user interfaces. This design system will launch April 22, but the company already provided a bit of a teaser today. As Powell noted, the challenge for Esri is that its design system has to help the company’s partners put their own style and branding on top of the maps and data they get from the ArcGIS ecosystem.
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Coinbase to direct list on April 14th, provide financial update on April 6th
Today Coinbase, an American cryptocurrency trading platform and software company, said that it will begin to trade via a direct listing on April 14th. In a separate release the company also said that it will provide a financial update on April 6th, after the close of trading.
Coinbase’s impending public debut comes at an interesting market moment. As some tech companies delay their offerings over demand concerns, Coinbase is pushing ahead with its flotation perhaps in part because it will not price its debut in the traditional sense; direct listings forgo raising capital at a specific price point, and instead merely begin to trade, albeit with a reference price attached.
That Coinbase will release new numbers before beginning to trade is at once interesting and pedestrian. It’s interesting as TechCrunch cannot recall a private company looking to go public holding a similar event. And, Coinbase deciding to share “first quarter 2021 estimated results” and “provide a financial outlook for 2021” is also in part a common move, as many companies provide updated financials in their S-1 documents if time passes from when they first file to when they actually trade.
We’ll be tuned into that call, as the numbers shared will impact not only how Coinbase trades when it does float, but will also provide insight into how active consumer trading is writ large, and particularly in the cryptocurrency space; more than one startup in the market today depends on trading incomes to generate top-line, so seeing new numbers from Coinbase will be welcome.
The company will trade under the ticker symbol “COIN.”
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PingPong is a video chat app for product teams working across multiple time zones
From the earliest days of the pandemic, it was no secret that video chat was about to become a very hot space.
Over the past several months investors have bankrolled a handful of video startups with specific niches, ranging from always-on office surveillance to platforms that encouraged plenty of mini calls to avoid the need for more lengthy team-wide meetings. As the pandemic wanes and plenty of startups begin to look toward hybrid office models, there are others who have decided to lean into embracing a fully remote workforce, a strategy that may require new tools.
PingPong, a recent launch from Y Combinator’s latest batch, is building an asynchronous video chat app for the workplace. We selected PingPong as one of our favorite startups that debuted last week.
The company’s central sell is that for remote teams, there needs to be a better alternative to Slack or email for catching up with co-workers across time zones. While Zoom calls might be able to convey a company’s culture better than a post in a company-wide Slack channel, for fully remote teams operating on different continents, scheduling a company-wide meeting is often a nonstarter.
PingPong is selling its service as an addendum to Slack that helps remote product teams collaborate and convey what they’re working on. Users can capture a short video of themselves and share their screen in lieu of a standup presentation and then they can get caught up on each other’s progress on their own time. PingPong’s hope is that users find more value in brainstorming, conducting design reviews, reporting bugs and more inside while using asynchronous video than they would with text.
“We have a lot to do before we can replace Slack, so right now we kind of emphasize playing nice with Slack,” PingPong CEO Jeff Whitlock tells TechCrunch. “Our longer-term vision is that what young people are doing in their consumer lives, they bring into the enterprise when they graduate into the workforce. You and I were using Instant Messenger all the time in the early 2000s and then we got to the workplace, that was the opportunity for Slack… We believe in the next five or so years, something that’s a richer, more asynchronous video-based Slack alternative will have a lot more interest.”
Building a chat app specifically designed for remote product teams operating in multiple time zones is a tight niche for now, but Whitlock believes that this will become a more common problem as companies embrace the benefits of remote teams post-pandemic. PingPong costs $100 per user per year.
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Weather platform ClimaCell is now Tomorrow.io and raises $77M
Weather intelligence platform ClimaCell today announced that it has raised a $77 million Series D funding round led by private equity firm Stonecourt Capital, with participation by Highline Capital. This brings the company’s total funding to about $185 million. In addition to the new funding, ClimaCell announced that it has changed its name to Tomorrow.io, with “The Tomorrow Companies Inc.” as its new legal name.
Today’s announcement comes only a month after the company announced that it would launch a fleet of small radar-equipped weather satellites to improve its weather monitoring and forecasting capabilities. That’s also, at least in part, where the name change comes from.
Image Credits: ClimaCell/Tomorrow.ai
Originally, ClimaCell/Tomorrow.io built out a novel technology to collect weather data using wireless network infrastructure and IoT devices. That’s where the “cell” in ClimaCell came from. But as the company’s CEO and co-founder Shimon Elkabetz told me, while the company isn’t abandoning this approach, its focus today is much broader.
“The mission is really to help countries, businesses, organizations, to better manage their weather-related challenges,” he said. “And the ambition was always to be that largest weather enterprise in the world, the most disruptive, the most industry-defining. And I think this is the perfect timing for us to come up with a new name, not only because of the funding but because we were able to explain to ourselves that really, we’re helping others take control of tomorrow, today.”
That’s something Stonecourt partner Rick Davis agrees with. “While the company’s growth has been tremendous since launch, there is a larger opportunity at play here,” he said. “What Tomorrow.io is building, corroborated by their recent announcement of launching radar-equipped satellites into space, is only further proof that this company represents the future of weather forecasting for the entire planet. The privatization of the weather industry is now, and that type of vision is what compels the team here at Stonecourt Capital.”
As Elkabetz noted, Tomorrow.io isn’t a typical investment for a private investment firm like Stonecourt. Last year, the firm acquired 365 Data Centers, but it is also backing the Denver-based freight rail company Alpenglow Rail, for example.
And while many of Tomorrow.io’s customers saw their business decline during the pandemic (the company counts Uber and Delta among its users, for example), Elkabetz tells me that its team focused on diversifying its customer base and managed to sign up a number of large logistics companies, including major railways in the U.S. and Mexico, but also smaller companies in the drone, autonomous driving and electric vehicle space. In total, the company says, it saw a 200% net revenue retention rate and its annual contract value grew 850% during the past two years.
The company plans to use the new funding to launch more satellites, but also to improve its overall product and accelerate its go-to-market activities.
“We’re an interesting company because we’re a SaaS company that is now going to space,” Elkabetz said. “A lot of the Earth observations companies are now scratching their heads and saying, ‘Oh, we can’t just sell observations, it’s not monetizable or becoming a commodity. We now need to become a software company and build the platform and do the analytics.’ Good luck.”
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Slapdash raises $3.7M seed to ship a workplace apps command bar
The explosion in productivity software amid a broader remote work boom has been one of the pandemic’s clearest tech impacts. But learning to use a dozen new programs while having to decipher which data is hosted where can sometimes seem to have an adverse effect on worker productivity. It’s all time that users can take for granted, even when carrying out common tasks like navigating to the calendar to view more info to click a link to open the browser to redirect to the native app to open a Zoom call.
Slapdash is aiming to carve a new niche out for itself among workplace software tools, pushing a desire for peak performance to the forefront with a product that shaves seconds off each instance where a user needs to find data hosted in a cloud app or carry out an action. While most of the integration-heavy software suites to emerge during the remote work boom have focused on promoting visibility or re-skinning workflows across the tangled weave of SaaS apps, Slapdash founder Ivan Kanevski hopes that the company’s efforts to engineer a quicker path to information will push tech workers to integrate another tool into their workflow.
The team tells TechCrunch that they’ve raised $3.7 million in seed funding from investors that include S28 Capital, Quiet Capital, Quarry Ventures, UP2398 and Twenty Two Ventures. Angels participating in the round include co-founders at companies like Patreon, Docker and Zynga.
Image Credits: Slapdash
Kanevski says the team sought to emulate the success of popular apps like Superhuman, which have pushed low-latency command line interface navigation while emulating some of the sleek internal tools used at companies like Facebook, where he spent nearly six years as a software engineer.
Slapdash’s command line widget can be pulled up anywhere, once installed, with a quick keyboard shortcut. From there, users can search through a laundry list of indexable apps including Slack, Zoom, Jira and about 20 others. Beyond command line access, users can create folders of files and actions inside the full desktop app or create their own keyboard shortcuts to quickly hammer out a task. The app is available on Mac, Windows, Linux and the web.
“We’re not trying to displace the applications that you connect to Slapdash,” he says. “You won’t see us, for example, building document editing, you won’t see us building project management, just because our sort of philosophy is that we’re a neutral platform.”
The company offers a free tier for users indexing up to five apps and creating 10 commands and spaces; any more than that and you level up into a $12 per month paid plan. Things look more customized for enterprise-wide pricing. As the team hopes to make the tool essential to startups, Kanevski sees the app’s hefty utility for individual users as a clear asset in scaling up.
“If you anticipate rolling this out to larger organizations, you would want the people that are using the software to have a blast with it,” he says. “We have quite a lot of confidence that even at this sort of individual atomic level, we built something pretty joyful and helpful.”
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Rent the Runway’s first iOS team launches Runway, an easier way to coordinate app releases
A team of mobile app engineers and designers from companies like Rent the Runway, ClassPass, Kickstarter and others, are now launching their own startup, Runway, to address the common pain points they experienced around the mobile app release cycle. With Runway, teams can connect their existing tools to keep track of the progress of an app’s release, automate many of the manual steps along the way and better facilitate communication among all those involved.
“Mobile app releases are exercises in herding cats, we often say. There’s a lot of moving pieces and a lot of fragmentation across tools,” explains Runway co-founder Gabriel Savit, who met his fellow co-founders — Isabel Barrera, David Filion, and Matt Varghese — when they all worked together as the first mobile app team at Rent the Runway.
“The result is a lot of overhead in terms of time spent and wasted, a lot of back and forth on Slack to make sure things are ready to ship,” he says.
Typically, interdisciplinary teams involving engineers, product, marketing, design, QA and more, will keep each other updated on the app’s progress using things like spreadsheets and other shared documents, in addition to Slack.
Meanwhile, the actual work taking place to prepare for the release is being managed with a variety of separate tools, like GitHub, JIRA, Trello, Bitrise, CircleCI and others.
Image Credits: Runway
Runway is designed to work as an integration layer across all the team’s tools. Using a simple OAuth authentication flow, the team connects whichever tools they use with Runway, then configure a few settings that allow Runway to understand their unique workflow — like what their branching strategy is, how they create release branches, how they tag releases and so on.
In other words, teams train Runway to understand how they operate — they don’t have to change their own processes or behavior to accommodate Runway.
Once set up, Runway reads the information from the various integration points, interprets it and takes action. Everyone on the team is able to log into Runway via its web interface and see exactly where they are in the release cycle and what still needs to be done.
“We’re forming this glue, this connective tissue between all of the moving pieces and the tools, and creating a true source of truth that everybody can refer to and sync or gather around. That really facilitates and improves the level of collaboration and getting people on the same page,” Savit says.
Image Credits: Runway
As the work continues, Runway helps to identify problems, like missing JIRA tags, for example. It then automatically backfills those tags. It can also help prevent other mistakes, like when the incorrect build is being selected for submission.
Another automation involves Slack communication. Because Runway understands who’s responsible for what, it can direct Slack notifications and updates to specific members of the team. This reduces the noise in the Slack channel and ensures that everyone knows what they’re meant to be working on.
Currently, Runway is focused on all the parts of the mobile app release cycle from kickoff to submission to the actual app store releases. On its near-term roadmap, it plans to expand its integrations to include connections to things like bug reporting and beta testing platforms. Longer term, the company wants to expand its workflow to include launching apps on other platforms, like desktop.
Image Credits: Runway
The startup is currently in pilot testing with a few early customers, including ClassPass, Kickstarter, Capsule and a few others. These customers, though not all yet paying clients, have already used the system in production for over 40 app release cycles.
The startup’s pricing will begin at $400 per app per month, which allows for unlimited release managers and unlimited apps, access to all integrations, and iOS and Android support, among other things. Custom pricing will be offered to those who want higher levels of customer support and consulting services.
The startup doesn’t have an exact ETA to when it will launch publicly as it’s working to onboard each customer and work closely with them to address their specific integration needs for now. Today, Runway supports integrations with the App Store, Google Play, GitHub, JIRA, Slack, Circle, fastlane, GitLab, Bitrise, Linear, Jenkins and others, but may add more integrations as customers require.
Runway’s team of four is mostly New York-based and is currently participating in Y Combinator’s Winter 2021 virtual program. The company hasn’t yet raised a seed round.
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