Mechanical Orchard, led by ex-Pivotal CEO, scores $50 million round led by Alphabet's GV | TechCrunch
Briefly

While 89% of large companies have digital transformation efforts underway, they've only captured 31% of expected revenue uplift and 25% of anticipated cost savings from these initiatives (as of 2023).
Rob Mee, founder of Mechanical Orchard, emphasizes the importance of modernizing legacy systems despite the associated risks, stating that aging software is increasingly becoming an existential threat to businesses.
Read at TechCrunch
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