Box acquires Progressly to expand workflow options

Box announced today that it has purchased Progressly, a Redwood City startup that focuses on workflow. All 12 Progressly employees will be joining Box immediately. They did not disclose the purchase price.

If you follow Box, you probably know the company announced a workflow tool in 2016 called Box Relay along with a partnership with IBM to sell it inside large enterprises. Jeetu Patel, chief product officer at Box says Relay is great for well defined processes inside a company like contract management or employee on-boarding, but Box wanted to expand on that initial vision to build more complex workflows. The Progressly team will help them do that.

Patel said that the company has heard from customers, especially in larger, more complex organizations, that they need a similar level of innovation on the automation side that they&ve been getting on the content side from Box.

&One of the things that we&ve done is to continue investing in partnerships around workflow with third parties. We have actually gone out and built a product with Relay. But we wanted to continue to make sure that we have an enhancement to our internal automation engine within Box itself. And so we just made an acquisition of a company called Progressly,& Patel told TechCrunch.

That should allow Box to build workflows that not only run within Box, but ones that can integrate and intersect with external workflow engines like Pega and Nintex to build more complex automation in conjunction with the Box set of tools and services. This could involve both internal employees and external organizations and moving content through a much more sophisticated workflow than Box Relay provides.

&What we wanted to do is just make sure that we double down in the investment in workflow, given the level of appetite we&ve seen from the market for someone like Box providing a solution like this,& Patel explained.

By buying Progressly, they were able to acquihire a set of employees who have a focussed understanding of workflow and can help continue to build out that automation engine and incorporate it into the Box platform. Patel says how they could monetize all of this is still open to discussion. For now, the Progressly team is already in the fold and product announcements based on this acquisition could be coming out later this year.

Progressly was founded in 2014 and was headquarted right down the street from Box in Redwood City. The company has raised $6 million, according to data on Crunchbase.

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In a delightful bit of irony BitBay, a Central European exchange, has shut down operations in Poland even as it received an invitation by the Polish government to participate in a national blockchain working group. The news, which appeared in a Tweet, states that the group will assess regulations for cryptocurrencies, blockchain, and ICOs.

&Our exchange has received an invitation from the PFSA to participate in the Blockchain Working Group. 💪 As we have recently said, we do not want to abandon crypto activity in the Polish community,& wrote BitBay.

Poland has had an odd relationship with Bitcoin. First, some of the central banks funded a YouTube propaganda video that showed a person losing plenty of cash in crypto. Further, the community is fighting back but releasing counter-propaganda to the central bankpolicies.

After being shut out by Polish banks, BitBay moved its headquarters to Malta and stopped serving Polish customers.

Photo by freestocks.org on Unsplash

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Bees need all the help they can get. Thus programmer Mat Kelsey created a bee counter to see just how many of his winged honeymakers are hanging out in his hives. His system, which uses a Raspberry Pi and a machine learning algorithm that recognizes the number of individual bees entering a hive, is used to see bee trends over time and see just how the bees are faring.

Count your bees with this Raspberry Pi project

&The first thing I thought when we setup our beehive was ‘I wonder how you could count the number of bees coming and going'& wrote Kelsey. &After a little research I discovered it seems no one has a good, non-intrusive system for doing it yet. It can apparently be useful for all sorts of hive health checking.&

The system looks at sets of pictures of the hive door taken every 10 seconds. It then extrapolates out the background, assesses the objects that have moved in the frame, and then counts the things that are likely to be bees. Ita fascinating problem to solve since the bees are constantly moving and because it can also ignore bees that are coming out of the hive.

You can download the source on Github and check out his detailed blog post here. Given the need for bee protection as we enter an era of colony collapses, tools like this one are wildly important. Plus itcool to see a Raspberry Pi do something so complex.

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SV Angel, the seed-stage investment firm, announced today that itgetting out of the traditional venture business. At least, said the firm, going forward, its founders, meaning famous angel investor Ron Conway and his son Topher, will be investing their own money in startups.

In a follow-up email exchange with TechCrunch, Topher Conway explained that several of the firmmost recent checks, including to the chatbot startup Hugging Face, the hormone-testing company Modern Fertility, and to the electric skateboard company Boosted Boards, came from SV Angelexisting, outside-investor-backed funds. He added that those existing funds will now no longer make new investments, but that SV Angel will continue to invest in follow-on rounds in its existing portfolio companies.

The outfit had closed its last fund with $53 million in late 2016. It will now part ways with partnersBrian Pokorny, Kevin Carter and Robert Pollak, who it says will remain advisors to SV Angel.

Meanwhile, Ron and Topher Conway will be writing smaller initial checks than they have in recent years — $25,000 to $100,000, says their post — to &align& themselves better with the &thousands of firms and individuals& who are now investing in seed rounds.

As SV Angel hints at in its new post (and hascome up increasingly in our discussions with seed-stage investors), it has grown challenging for any one outfit to write big checks to the most promising seed-stage companies. Theresimply too much money sloshing around.

SV and its outside investors may also have simply grown wary, with the small outfit going through several iterations over time, some of them more challenging than others.

To wit, when SV Angel was established nine years ago, Conway teamed up with former Googler David Lee, who&d helped lead certain aspects of the search giantbusiness development and seemingly took over management of SV Angel with Conwayblessing.

Soon, it was Conway; Lee; Brian Pokorny, himself a former Googler who&d also worked with Lee at Baseline Ventures for a spell; and one of Conwaysons, Topher.

Pokorny left SV Angel in 2010 to head up a startup, returningin 2013. In the meantime, despite a growing collection of enviable stakes — including Airbnb, Snap, and Pinterest — not all was well inside SV Angel. Lee and Conway were instead moving toward anacrimonious split that eventually led to a breach-of-contract lawsuitthat was filed last seven months ago in which Lee alleged that Conway was withholding millions of dollars from him.

Conway denied the allegations and said he would &vigorously defend& against Lee&meritless claims.& No court filings have appeared since, but one can imagine the whole thing leaving a bad taste with the Conways, not to mention outside investors, eager as they may to continue funding tech startups.

Lee, in fact, today runs an L.A.-based seed-stage outfit called Refactor Capital that closed its debut fund with $50 million last year.

Either way, SV Angelnewest move is, in large part, a return to Conwayroots. Dating back to 1998, Ron Conway used to write checks, largely on his own behalf, including making early investments in Google and PayPal that established his early reputation as an investor with all the right connections.

Therea sort of symmetry in the firmreturn to a family business now.

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Best shows on Netflix (June 2018): 60+ fantastic Netflix series

Welcome to your weekly Netflix TV guide. As the streaming service continues to add more and more great TV to its line-up, for many of us Netflix is still the number one choice when it comes to streaming the best of the best TV series. 

The next few months are really exciting for exclusives, originals and brand new series. From Season 5 of Arrested

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Best iPad apps 2018: download these now

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