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XML pioneer raises $10 million for data startup Docugami

Ina Fried, author of Login

Docugami CEO Jean Paoli (center), with investors Ilya Kirnos of SignalFire (right) and Bob Muglia (left). Photo: Docugami

For two decades, Jean Paoli worked to make Microsoft's products more standards- compliant, and along the way he helped create the XML format, a key standard for organizing data for consumption by many different platforms. Now, Paoli has raised $10 million for Docugami, a startup that aims to allow businesses to use XML to get a handle on their piles of unstructured data.

Why it matters: Only 15% of business data is stored in databases. "The rest is all this mess," Paoli told Axios.

Details: While others focus on so-called big data, Paoli says Docugami aims to let businesses make use of all their "small data." With as few as 30 files to go on, Paoli says, Docugami’s Microsoft Word plug-in can offer workers suggestions to help create new documents based on prior ones.

  • The company is currently in a private beta with a number of companies.
  • Paoli said the new funding, led by SignalFire, will be used to expand the 12-person team with further engineering capabilities, as well as begin sales and marketing efforts in preparation for a broad launch near the end of the year.

Also: Bob Muglia, former CEO of Snowflake and former head of both Microsoft's Office and Azure businesses, is investing and joining the company's board.

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Why it matters: The revelation stunned national security officials and almost blew up the leadership of the world's most powerful spy agency. Only a series of coincidences — and last minute interventions from Vice President Mike Pence and White House counsel Pat Cipollone — stopped it.

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John Weaver aboard John McCain's campaign plane in February 2000. Photo: Robert Schmidt/AFP via Getty Images)

John Weaver, a veteran Republican operative who co-founded the Lincoln Project, declared in a statement to Axios on Friday that he sent “inappropriate,” sexually charged messages to multiple men.

  • “To the men I made uncomfortable through my messages that I viewed as consensual mutual conversations at the time: I am truly sorry. They were inappropriate and it was because of my failings that this discomfort was brought on you,” Weaver said.
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