Archives

Bright Health: $500 Million In Series E Funding And $1.2 Billion In Net Revenue

By Amit Chowdhry ● Sep 24, 2020

Bright Health — a company that is defining the future of healthcare by integrating financing, care delivery, and technology — announced it has raised $500 million in Series E funding and the company is now hitting $1.2 billion in net revenue.

The Chainsmokers Launch A VC Firm Called Mantis With $35 Million In Commitments

By Amit Chowdhry ● Sep 24, 2020

The Chainsmokers have launched a new venture capital firm called Mantis, which has $35 million in commitments from investors like Mark Cuban, Keith Rabois, Jim Coulter, and Ron Conway.

Amazon (AMZN): New Hardware And Luna Cloud Gaming Service Announced

By Amit Chowdhry ● Sep 24, 2020

Amazon.com, Inc. (NASDAQ: AMZN) announced new Echos, Fire TV sticks, Ring devices, and eero 6 mesh routers along with the Luna cloud gaming service.

KKR Acquires 1-800 Contacts From AEA In A Deal Reported At Over $3.1 Billion

By Amit Chowdhry ● Sep 24, 2020

Private equity company KKR & Co Inc (NYSE: KKR) announced it is buying contact lens company 1-800 Contacts from AEA Investors.

On-Demand Assistance And Companionship Service Papa Raises $18 Million

By Dan Anderson ● Sep 23, 2020

Papa — a nationwide provider that pairs older adults and families for companionship and assistance with everyday tasks — announced it has raised $18 million.

No-Code AI-Powered Platform EasySend Raises $16 Million

By Annie Baker ● Sep 23, 2020

No-code AI-powered platform EasySend announced it has raised $16 million in Series A funding led by Hanaco.

Intel (INTC) Names Saf Yeboah-Amankwah As SVP And Chief Strategy Officer

By Amit Chowdhry ● Sep 23, 2020

Intel Corporation (NASDAQ: INTC) recently announced it has appointed Safroadu (Saf) Yeboah-Amankwah as SVP and chief strategy officer.

Tesla (TSLA) Is Suing The U.S. Government To Overturn Trump’s Tariffs On China

By Amit Chowdhry ● Sep 23, 2020

Tesla Inc (NASDAQ: TSLA) is suing the U.S. government and U.S. Trade Representative Robert Lighthizer for the Trump administration’s tariffs on products that Tesla imports from China.

Tree-Free Paper Product Company Cloud Paper Raises $3 Million

By Amit Chowdhry ● Sep 23, 2020

Cloud Paper — a tree-free paper product company that is on a mission to end deforestation from paper products — announced that it has raised $3 million in a seed funding round.

Mirakl: $300 Million And $1.5 Billion Valuation

By Amit Chowdhry ● Sep 23, 2020

Mirakl — a marketplace SaaS platform that empowers both B2B and B2C organizations to launch and grow an enterprise marketplace at scale — announced that it has raised $300 million in funding.

Social Calendar App Company IRL Raises $16 Million

By Amit Chowdhry ● Sep 23, 2020

IRL (In Real Life) — the leading social calendar and event discovery platform that brings people together over shared experiences — announced that it has raised $16 million in funding.

Enterprise-Grade AI Technology Company Beyond Limits Raises $133 Million

By Annie Baker ● Sep 23, 2020

Beyond Limits — an industrial and enterprise-grade AI technology company built for the most demanding sectors — announced it raised a $113 million Series C funding round and another $20 million committed.

Femtech Company Willow Closes $55 Million In Funding

By Annie Baker ● Sep 23, 2020

Willow — a femtech leader that changed the way women pump with the first quiet all-in-one in-bra wearable breast pump — announced that it raised $55 million in funding.

Citigroup (C): Over $1 Billion In Strategic Initiatives To Close Racial Wealth Gaps

By Dan Anderson ● Sep 23, 2020

Citigroup Inc (NYSE: C) and the Citi Foundation today announced over $1 billion in strategic initiatives to help close the racial wealth gap.

Tesla (TSLA) Battery Day And 2020 Annual Shareholder Meeting Announcements

By Amit Chowdhry ● Sep 22, 2020

Today Tesla Inc (NASDAQ: TSLA) held its 2020 annual shareholder meeting and Battery Day event. These are some of the major announcements from the event.

Chinese Electric Vehicle Company WM Motor Raises About $1.5 Billion

By Annie Baker ● Sep 22, 2020

WM Motor — a rapidly growing electric vehicle company in China — announced it raised 10 billion yuan ($1.47 billion) from several state-backed investors.

Clinical-Stage Biotech Company Siolta Therapeutics Raises $30 Million

By Dan Anderson ● Sep 22, 2020

Clinical-stage biotech company Siolta Therapeutics announced it raised $30 million in Series B funding to support the clinical development of its lead product STMC-103H.

Comcast (CMCSA): Trian Fund Management Buys $870 Million Stake

By Dan Anderson ● Sep 22, 2020

Activist investor company Trian Fund Management LP has bought a stake in Comcast (NASDAQ: CMCSA) valued at about $870 million.

Walmart (WMT) And Goldman Sachs (GS) Partner To Offer Capital To Marketplace Sellers

By Amit Chowdhry ● Sep 22, 2020

Walmart Inc (NYSE: WMT) revealed it is partnering with Goldman Sachs Group Inc (NYSE: GS) to offer lines of credit to marketplace sellers.

How Nasdaq (NDAQ) Plans To Advance Inclusive And Diversity Growth

By Amit Chowdhry ● Sep 22, 2020

Nasdaq Inc (NASDAQ: NDAQ) recently announced a new “Purpose Initiative” — which is designed to support women and underrepresented minority communities with the resources needed to grow and sustain their businesses

Equinix (EQIX): Significant Partnership With VMware (VMW) Expanded

By Dan Anderson ● Sep 22, 2020

Global interconnection and data center company Equinix, Inc. (Nasdaq: EQIX) announced that it is expanding on a collaboration with VMware, Inc. (NYSE: VMW).

Why Ericsson Is Buying Cradlepoint For $1.1 Billion

By Annie Baker ● Sep 22, 2020

Ericsson (NASDAQ: ERIC) recently announced it agreed to buy Cradlepoint, which is the US-based market leader in Wireless Edge WAN 4G and 5G Enterprise solutions. These are the details.

Silicon Labs (SLAB) And Amazon (AMZN) Partnering On Shared Network For IoT Devices

By Noah Long ● Sep 22, 2020

Silicon and software solutions company Silicon Labs (NASDAQ: SLAB) announced it is partnering with Amazon.com, Inc. (NASDAQ: AMZN) to support Amazon Sidewalk.

IBM To Bring Risk Analytics To Security Decision Making

By Annie Baker ● Sep 22, 2020

IBM (NYSE: IBM) Security announced a new risk-based service designed to help organizations apply the same analytics used for traditional business decisions to cybersecurity spending priorities.

GE Exiting The New Build Coal Power Market

By Amit Chowdhry ● Sep 22, 2020

GE (NYSE: GE) recently announced that it is intending to exit the new-build coal power market.

Why PagerDuty (PD) Is Buying Rundeck For $100 Million

By Amit Chowdhry ● Sep 22, 2020

PagerDuty, Inc. (NYSE:PD) announced this week that it has entered into a definitive agreement to buy Rundeck for about $100 million. These are the details.

Morgan Stanley (MS) Committing To Net-Zero Financed Emissions By 2050

By Amit Chowdhry ● Sep 22, 2020

Morgan Stanley (NYSE: MS) has announced a new commitment to reach net-zero financed emissions by 2050.

Tesla (TSLA) Close To Hitting Sales Record And Musk Says High Volume Battery Production To Start In 2022

By Amit Chowdhry ● Sep 21, 2020

Tesla is close to hitting a sales record according to an email sent out by CEO Elon Musk. Musk also issued a warning about battery production.

Illumina (ILMN) Buying Grail In A Deal Valued At $8 Billion

By Amit Chowdhry ● Sep 21, 2020

Illumina, Inc. (NASDAQ: ILMN), a company that provides sequencing and array-based solutions for genetic and genomic analysis, announced that it is buying Grail for $8 billion in cash and stock.

Beyond Meat (BYND) Announces Significant Plans To More Than Double Sausage Patty Retail Distribution

By Amit Chowdhry ● Sep 21, 2020

Beyond Meat is planning to more than double its Retail Distribution of Beyond Breakfast Sausage Patties.