Dropbox launched Spaces 2.0, a newer version of the beta product launched last year. Dropbox Spaces will function as a combination of a place to host files, including Google Docs, and a collaboration platform that offers integration with programs like Google Calendar, Slack, and Zoom.

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• The product also enables assigning/monitoring tasks, attaching relevant files, and a feed to monitor activities.
• In addition to setting up meetings, 30 apps (including Canva, Microsoft Office) are integrated. 
• For Q3 2020, Dropbox reported revenue of $487m, up 14% YoY. The company's ARR stood at $1.98b, up 12% YoY. Dropbox's losses increased from $17m in Q3 2019 to $32m in Q3 2020. Its market cap stands at $7.7b, down 15% from its IPO price.

Enterprise AI software maker C3.ai, founded by former Oracle executive Tom Siebel, has filed for an IPO. The firm, which counts Bank of America and AstraZeneca among its customers, plans to raise up to $100m.

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• C3.ai developed software that can sift through large amounts of data and tell companies and organizations "if something is about to break down or the most efficient ways to use sensor data in their supply chain management." It bills itself as having the "world's largest enterprise AI production footprint."
• The California-based company, most recently valued at $3.3b, plans to list its shares on the NYSE under the symbol AI. It has raised a total of $387m from investors.
• Siebel founded Siebel Systems in 1993 and sold the customer relationship management software firm to Oracle in 2006 for nearly $6b. Siebel and private equity firm TPG are the largest owners of C3.ai.
• Last month, Microsoft announced a CRM in partnership with C3.ai and Adobe – called C3 AI CRM – that leverages Microsoft's Dynamics 365. The AI-driven CRM tool helps companies gather and analyze unstructured data and predict future product needs and sales.

A version of this story first appeared in Inside AI. You can read the full issue here. 

Marketing automation platform Klaviyo raised $200m at a valuation of $4.15b. It raised $158m before this funding round, including a $150m round in 2019.

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• Klaviyo was founded in 2012 and had raised only $8.5m until 2017. In 2016, it was valued at $85m.
• The company has around 50,000 customers across 125 countries, up from 12,000 customers in April last year.
• Klaviyo became a partner of Shopify in 2017. Today, it also announced a strategic partnership with content generation platform Cohley to create better emails for cart abandonment flows. Klaviyo noted that its customers see a 10% increase in revenue from flows related to cart abandonment.

Amazon Web Services (AWS) released a new no-code visual data preparation tool, AWS Glue DataBrew, which makes it possible for no-coders to retrieve, transmit, and load data for analysis. The tool reduces the time it typically takes to prepare data for analytics and machine learning by up to 80%.

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• In the U.S., the new tool is currently available in Northern Virginia, Ohio, and Oregon, as well as select areas in Europe, and Asia. AWS will expand the service elsewhere in the future.
• DataBrew features over 250 prebuilt transformations no-coders can use to automate data preparation tasks, which includes filtering anomalies. After preparing the data, AWS customers can then use whatever analytics and machine learning platforms they wish to query the data and train machine learning models.
• The new tool is the no-code version of 2016's AWS Glue, which data engineers could also use to extract, transmit and load data for analysis, but required users to write code.
• What People Are Saying: "They're filling a huge need for everyone who's just starting out working with data [storage] and trying to get data into the cloud real quick," said Rick Sherman, founder and managing partner of Athena IT Solutions

A version of this story appeared in Inside NoCode. You can read the full issue here.

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