Tapestry VC, an investor in Irish unicorn Fin, has launched its third, $80m fund to back repeat founders. Co-founder Patrick Murphy explains why opportunities in Europe have “never been clearer” and when progress needs the state to step in.
Intercom’s $3.6 billion sale to Salesforce is not just a huge sum of money. It is also an incredible story of restarting a start-up that had plateaued by reinventing it for the AI-age.
As a journalist, colleague and long-time observer, I saw how Eoghan McCabe and his co-founders built one of Ireland's most influential technology companies, culminating in its recent $3.6 billion sale to Salesforce.
Eoghan McCabe bet his plateauing Intercom business on creating a groundbreaking AI agent called Fin. In March, Fin hit $100 million in sales, causing Salesforce to swoop in. Now those who built it stand to reap big rewards from the deal.
11x has just raised over $70m in the space of two months with investments coming from iconic VC firms. The start-up also boasts Irish staffers and investors on its cap table.
The hype surrounding AI makes it difficult for business leaders to make a decision on how to implement it. But doing nothing also brings real risk with it – even if it only feels like buying time.
The Irish customer service software unicorn's chief product officer tells The Currency about its $94 million bet on the breakthrough technology.
Intercom's Eoghan McCabe is just one of the more high profile, and arguably more effective, tech leaders who are eschewing mainstream media and talking directly to their audience using social media and their own websites.
Equals, which is aiming to rebuild and modernise spreadsheets, has raised $16 million in a Series A investment round led by Andreessen Horowitz. Its founders are part of Intercom's ever-growing coterie of employees turned entrepreneurs.
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