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The Digital Enterprise Workplace

The Digital Enterprise Workplace
January 14, 2021

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As COVID-19 forced people to stay at home in 2020, the year also forced enterprises to quickly adapt to fully remote workforces and shift to a digital workplace. This shift has led to immense growth in the digital workplace and tools to support remote working. 


Source: tirachardz

A digital workplace refers to various digital tools that enable employees to better perform at their job, especially in a digital setting, and can help with human resources, customer service, collaboration amongst different teams, and more. Although we continue to hear about zoom calls (or rather zoom fatigue), many startup enterprise tools have been able to carve out their niche markets in helping businesses work smarter. 

  • ActivTrak is a cloud productivity monitoring software company founded in 2012 in Austin, Texas. The company had record growth in 2020, growing 140% YOY. It also raised a Series B funding that tripled its valuation last year. 
  • Monday.com is a project and workflow management tool that helps 100,000 organizations to manage tasks and projects to encourage collaboration and teamwork. Headquartered in Tel Aviv, Israel, the company raised an undisclosed round of funding in 2020 and has been a member of the unicorn club since 2019 when it raised a Round D funding of $150MM co-led by Sapphire Ventures and Hamilton Lane Advisors. 
  • Verbit.ai is a startup that provides an AI-assisted transcription and captioning service. As more and more meetings are being conducted virtually, Verbit’s integration to web conferencing and file-sharing platforms is becoming a hot service. The company raised two rounds of funding in 2020 to grow its valuation by four-fold. 
  • Fuze is a cloud communication and collaboration software platform that combines voice, videoconferencing, text, instant message, content sharing, and collaboration apps under a single cloud service. Headquartered in Cambridge, Massachusetts, the company’s last Round F funding was raised in 2018 led by Summit Partners. 
  • BambooHR is a human resources management software-as-a-service company headquartered in Lindon, Utah. The company helps ensure that hiring, onboarding, compensation, onboarding, and more HR processes run as smoothly as possible. 
  • Lattice is an employee engagement platform that assists enterprises with performance management and helps improve employee satisfaction. The San Francisco-based company raised a Round D funding, led by second-time investor Tiger Global Management and doubled its valuation.
EV SPAC boom expected to continue
 The transition towards 100% electrification could require over $2.5TN of investment around the globe over the next decade.
[BusinessInsider]
Robotic exoskeletons at CES
New exoskeleton models showcased in this year’s virtual Consumer Electronics Show promise increased mobility and job assistance. (Credit: Archelis)
[TechCrunch]
Since last week, PrivCo has added:
662 Companies | 162 Funding Activities | 165 M&A Deals

Funding & Deal Highlights:

Quantum Metric raises $200MM led by Insight Partners 
Analytics Software & Internet Services • Round B • Monument, CO

Workato raises $110MM co-led by Insight Partners & Altimeter Capital
Automation Software & Internet Services • Round D • Cupertino, CA

Scorpion Therapeutics raises $162MM 
Biotechnology • Round B • Boston, MA

Thistle Health raises $10.3MM
Food & Beverage Producers • Round B • Berkeley, CA

DiCE Molecules raises $80MM 
Biotechnology • Round C • South San Francisco, CA

Silviaterra raises $4.4MM
Analytics Software & Internet Services • Seed • Standfor, CA

Voxie raises $6.7MM
Marketing Software & Internet Services • Equity • Alpharetta, CA

Carrum Health raises $40MM led by Tiger Global Management 
Technology Services • Equity • San Mateo, CA

Mirion Technologies acquires Sun Nuclear Corporation 
Health Care Equipment • Acquisition • Melbourne, FL

NCR Corporation acquires Cardtronics for $1.7BN
Consumer Finance • Acquisition • Houston, TX

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