Innovation Archives

Globant (GLOB) Launches Continuity Studio

By Annie Baker ● Jul 31, 2020

Technology services company Globant SA (NYSE: GLOB) has announced the launch of the Continuity Studio product in order to help businesses face new challenges caused by the pandemic.

Why Atlassian (TEAM) Is Buying Mindville

By Amit Chowdhry ● Jul 31, 2020

Atlassian Corporation (NASDAQ: TEAM) has announced that it is buying Mindville — which is a Jira-focused enterprise asset management company.

Rakuten (RKUNY): Cash Back Rewards To Continue, But U.S. Online Retail Store (Previously Buy.com) Shutting Down

By Dan Anderson ● Jul 31, 2020

Japanese e-commerce company Rakuten Inc (OTCMKTS: RKUNY) has decided to shut down its U.S. online retail store operations (previously known as Buy.com).

Paypal Holdings (PYPL) And CVS Health Sign Major Partnership

By Amit Chowdhry ● Jul 31, 2020

Paypal Holdings Inc (NASDAQ: PYPL) And CVS Health Corp (NYSE: CVS) have announced that CVS Pharmacy will be the first national retailer to integrate PayPal and Venmo QR code technology within its checkout experience.

UPS Stock Surges Due To Strong Consumer Demand

By Amit Chowdhry ● Jul 31, 2020

The shares of United Parcel Service, Inc. (NYSE: UPS) surged over 14% on Thursday following better-than-expected second quarter results.

Nuance (NUAN) And Cerner (CERN) Sign High-Tech Strategic Voice AI Collaboration Deal

By Dan Anderson ● Jul 31, 2020

Nuance Communications Inc. (NASDAQ: NUAN) and Cerner Corporation (NASDAQ: CERN) announced that they have expanded on their long-standing AI collaboration.

Alan Patricof And Abby Levy Launch Primetime Partners

By Amit Chowdhry ● Jul 30, 2020

Wellness executive and founder Abby Levy and iconic investor and Alan Patricof have announced the launch of Primetime Partners.

Wyze Labs Secures $15 Million

By Amit Chowdhry ● Jul 30, 2020

Wyze Labs, Inc. announced it has closed $15 million in financing led by Norwest Venture Partners.

Sema4: $121 Million Funding And Valuation Of Over $1 Billion

By Noah Long ● Jul 30, 2020

Sema4 — a patient-centered health intelligence company — announced that funds managed by BlackRock led its oversubscribed Series C financing of $121 million.

TransferWise Completes $319 Million Secondary Share At $5 Billion Valuation

By Amit Chowdhry ● Jul 30, 2020

TransferWise — a London-based money transfer company — announced that it has raised $319 million in secondary share at a valuation of $5 billion

Home Fitness System Company Tempo Raises $60 Million

By Amit Chowdhry ● Jul 30, 2020

Tempo — a home fitness system that uses 3D sensors and artificial intelligence to analyze your motion — announced it has raised $60 million in new funding.

Remitly: $85 Million Funding And $1.5 Billion Valuation

By Amit Chowdhry ● Jul 30, 2020

Remitly — a mobile-first provider of remittances and financial services for immigrants — announced an $85 million funding round.

Cloud Access Risk Security Company Ermetic Raises $17 Million

By Dan Anderson ● Jul 29, 2020

Ermetic — a cloud access risk security company — announced that it has raised a $17.25 million Series A round of financing led by Accel.

Field Service Management Company KloudGin Secures $8.2 Million

By Annie Baker ● Jul 29, 2020

KloudGin — the leading provider of AI cloud-based field service and asset management solutions — announced that it has raised $8.2 million in Series A funding.

Vendor Security Platform Whistic Closes $12 Million

By Noah Long ● Jul 29, 2020

Whistic — a proactive vendor security platform for both buyers and sellers — announced that it has raised $12 million in Series A funding led by Emergence.

Eargo Raises $71 Million To Help People With Hearing Loss

By Dan Anderson ● Jul 29, 2020

Eargo — a medical device company that is on a mission to improve the quality of life of people with hearing loss — announced it raised $71 million in equity financing.

Why Enova (ENVA) Is Buying OnDeck (ONDK) For About $90 Million

By Amit Chowdhry ● Jul 29, 2020

Enova International Inc (NYSE: ENVA) announced it is buying On Deck Capital Inc (NYSE: ONDK) in a cash and stock transaction valued at approximately $90 million.

Conversation Intelligence Platform Chorus.ai Closes $45 Million

By Annie Baker ● Jul 29, 2020

Conversation Intelligence Platform Chorus.ai announced that it has raised $45 million in a Series C round of funding led by Georgian Partners.

Why Salesforce (CRM) Is Investing In Hearsay Systems

By Amit Chowdhry ● Jul 29, 2020

Salesforce.com, Inc. (NYSE: CRM) and Hearsay Systems have announced a strategic partnership and investment from Salesforce Ventures. These are the details.

Developer Online Community Stack Overflow Raises $85 Million

By Amit Chowdhry ● Jul 29, 2020

Stack Overflow — one of the most trusted platforms for developers and technologists — announced that it has raised $85 million in Series E funding led by GIC.

Financial Crime Detection Company ComplyAdvantage Secures $50 Million

By Amit Chowdhry ● Jul 29, 2020

ComplyAdvantage — a global technology company that is transforming financial crime detection — announced that it has closed $50 million in Series C funding.

People Counting Solution Density Closes $51 Million In Funding

By Amit Chowdhry ● Jul 29, 2020

Density — the standard platform for counting people — announced that it has closed $51 million in Series C funding.

Microsoft Corporation (MSFT) And Mastercard (MA) Sign Major Digital Commerce Deal

By Amit Chowdhry ● Jul 28, 2020

Microsoft Corporation (NASDAQ: MSFT) and Mastercard Inc (NYSE: MA) have announced that they have signed a deal to accelerate innovation across digital commerce and startup ecosystems.

Zillow Group Unveils New Tools For Safer Home Shopping (Z, ZG)

By Amit Chowdhry ● Jul 28, 2020

Zillow Group Inc (NASDAQ: ZG, NASDAQ:Z) accelerated the development, rollout, and adoption of real estate technology, which makes it easier and safer to shop for a home.

Why Zebra Technologies (ZBRA) Is Buying Reflexis For $575 Million

By Amit Chowdhry ● Jul 28, 2020

Zebra Technologies Corp. (NASDAQ: ZBRA) — a company at the front line of business with solutions and partners that deliver a performance edge — announced it is buying Reflexis Systems for $575 million.

Freight Data And Analytics Company FreightWaves Raises $37 Million

By Amit Chowdhry ● Jul 28, 2020

FreightWaves — the leading provider of freight data and analytics — announced that it has raised $37 million in two rounds of minority investment since April.

How IBM And GIA Are Advancing Diamond Grading Using AI

By Amit Chowdhry ● Jul 28, 2020

The research arm of IBM (NYSE: IBM) and the GIA (Gemological Institute of America) have announced a partnership to develop an advanced artificial intelligence system designed to advance diamond clarity grading.

Enterprise Cybersecurity Company Panaseer Names New Industry Leaders For Advisory Board

By Annie Baker ● Jul 28, 2020

Enterprise cybersecurity company Panaseer announced that it has lined up a group of talented individuals for its Advisory Board — which includes prominent figures in leadership, sustainability, business, and security.

Healthcare Company Transformative Raises $1.7 Million

By Noah Long ● Jul 28, 2020

Transformative — a healthcare company that has developed software that can predict sudden cardiac arrest — announced that it raised $1.7 million in a seed round of funding led by Tera Ventures.

Ro: $200 Million Funding, $250 Million Annual Sales, $1.5 Billion Valuation

By Amit Chowdhry ● Jul 28, 2020

Ro has announced that it has raised $200 million in funding at a $1.5 billion valuation. Plus the company also revealed that it is now generating $250 million in annual revenue without taking insurance.