Adobe

Lessons from cybersecurity exits

Dear F0und3r: What a month this has been for cybersecurity! One unicorn IPO and two nice acquisitions – Zscaler’s great debut on wall street,  a $300 million acquisition of Evident.io by Palo Alto Networks and a $350 million acquisition of Phantom Cyber by Splunk has gotten all of us excited. Word on the street is that in each of those exits, the founders took home ~30% to 40% of the proceeds. Which is not bad for ~ 4 /5 years of work. They can finally afford to buy two bedroom homes in Silicon Valley. Evident.IO Investment Rounds and Return estimates Date Select Investors Round Size Pre Post Dilution Estimated Returns / Multiple of Invested Capital Sep 2013 True Ventures $1.5m $5.25m $6.75 m 22% 44X Nov 2014 Bain Capital $9.8 m $18.1m $28.0 m 35% 10.7X Apr 2016 Venrock $15.7 m $35.0 m $50...

Storify’s standalone service is shutting down next year

Storify’s eventual shuttering has been a long time coming. The social timeline curation service was acquired by commenting platform Livefyre back in 2013, which, in turn, was picked up by Adobe in May of last year. In a pithily worded note on its homepage today, the service announced that it will cease to exist as a standalone offering starting next year. The process of disappearing from it current form will take a few months, but beginning today, users will no longer be able to sign up for new accounts. On May 1 of next year, the company will kill the ability to create new stories. Two weeks after that, at 5PM Pacific Time on May 16, the site will shut down for good. The shuttering of the service applies to all content and accounts hosted by Storify. As such, it’s suggesting that users us...

Adobe Lightroom’s auto setting is now powered by AI

Adobe launched an update to its suite of Lightroom photo management apps today that, among other things, brings a new machine learning-powered auto setting to the service. The new auto setting uses Adobe’s Sensei AI platform to analyze your photo and compare it to the thousands of professionally edited images in its catalog (including, I assume, those in Adobe Stock). Then it uses this information to make your own photos look better. This update is now live in the latest versions of Lightroom CC, Lightroom CC for iOS, Lightroom CC for Android, Lightroom CC on the web, Lightroom Classic, and Adobe Camera Raw (ACR). The addition of this AI-powered tools is very much in line with Adobe’s overall plans for bringing more intelligence to its services. At the company’s MAX conference earlier this...