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Alphabet's VC arm backs little-known SAP rival Odoo, boosting valuation to $5.3 billion

Fabien Pinckaers, CEO of Belgian-based enterprise software startup Odoo.OdooOdoo, a startup taking on SAP in the realm of enterprise software, boosted its valuation to 5 billion euros ($5.3 billion) in a secondary share round led by Alphabet's venture fund and Sequoia Capital.The Belgium-based company develops open-source enterprise resource planning software, with over 80 applications available on its platform offering businesses tools for accounting, customer relationship management, human res...

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