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Algolia gives your app mobile search super powers

Contextual search may not be the most exciting aspect of mobile application development, but it is a highly essential service and extremely difficult to implement.

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Algolia gives your app mobile search super powers

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Insight Venture Partners closes on its largest fund with $6.3 billion

Insight Venture Partners that it has raised $6.3 billion for its latest (and largest ever) fund as technology investors continue to amass increasingly large war chests. In the wake of SoftBank’s massive $100 billion Vision Fund , investors in technology companies have said that capital has become weaponized as a way to create a competitive moat around a startup’s business — ostensibly giving it so much money that investors become de facto kingmakers for the companies they back. rather than simply enablers for success. That redefinition of the investors’ role — in a way trying to circumvent competition in a market by fiat — has led funds to follow Softbank’s lead and try to raise increasingly large funds. That’s why there’s Sequoia juiced its fund to a whopping $8 billion ( and has already closed on $6 billion for it ). However, Deven Parekh says Insight Venture Partners isn’t simply following the herd with its latest raise. The firm is staying true to its mission of investing in companies, and continuing to commit the same amount of capital it always has, Parekh says. “Our fund size has gone up and our portfolio size has gone up,” says Parekh. “The competitive dynamics is not the driver here as much as the types of companies we invest in.” Still, the pace of investment has been pretty blistering. It was only three years ago that the company closed its ninth fund with $5 billion in capital commitments.

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