Thursday, April 11, 2024
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BlackLine Joins AI Bandwagon
Los Angeles-based accounting software developer BlackLine announced a new, AI-powered feature, joining the trend of companies adopting AI in their software. According to BlackLine, its new product, Journals Risk Analyser, uses generative AI to "provide key trends, insights, and anomaly detection associated with journal entries". The company said the feature is part of a strategy to "embed AI across its entire platform of financial close, intercompany accounting, invoice-to-cash, and consolidatio (More info...)
posted on Thursday, April 11, 2024(Full story)
Wave Energy Company Plans Project At Port of Los Angeles
A European developer of a system for generating power from waves, Eco Wave Power Global AB, says it has signed a contract to demonstrate its wave energy systems at the Port of Los Angeles. The company said the demonstration project--run with a "major energy company"--will be its first project in the United States. The company said its efforts in LA as a result of California's Senate Bill 605, a law which directs the state's Energy Commission to study wave and tidal energy along the California co (More info...)
posted on Thursday, April 11, 2024(Full story)
FloQast Gets $100M, Valued At $1.6 Billion
Los Angeles-based finance and accounting software developer FloQast said on Wednesday that it has raised $100M in a Series E funding round, which valued the company at $1.6 billion. The funding was led by ICONIQ Growth, and also included BDT & MSD Partners, WiL (World Innovation Lab), along with Meritech Capital and Sapphire Ventures. ICONIQ Growth's Roy Luo joins the company's board of directors as part of the funding. White Whitmire is CEO and co-founder of FloQast.
posted on Thursday, April 11, 2024(Full story)
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