Shipwell, the software platform for managing trucking logistics, has raised $35 million and is expanding its suite of services to become a full-service hub for logistics management. The new round led by Georgian Partners comes as the company has just expanded its suite of tracking and management tools to …
Read More »Plug and Play launches an accelerator to develop technologies addressing plastic waste
The Plug and Play network of accelerator programs is partnering with the non-profit organization The Alliance to End Plastic Waste to create an accelerator focused on developing technologies to reduce, remove or replace plastics in the industrial ecosystem. Like Techstars, Plug and Play operates a number of industry-focused accelerator programs …
Read More »Report: SoftBank is taking control of WeWork at an ~$8B valuation
WeWork, once valued at $47 billion, will be worth as little as $7.5 billion on paper as SoftBank takes control of the struggling co-working business, CNBC reports. SoftBank, a long-time WeWork investor, plans to invest between $4 billion and $5 billion in exchange for new and existing shares, according to …
Read More »Gojek founder and CEO Nadiem Makarim resigns to join Indonesian cabinet; Soelistyo and Aluwi to be new co-CEOs
Nadiem Makarim, founder and CEO of Gojek, said on Monday he has stepped down from his role at the ride-hailing startup to join Indonesia president Joko Widodo’s cabinet. The announcement, which has taken many by surprise, comes a day after Widodo was sworn in for a second term. Widodo has …
Read More »Airbnb’s WeWork problem
Airbnb may be another overvalued “unicorn,” but it’s no WeWork. The Information this morning reported new Airbnb financials — indicating a massive increase in operating losses — that immediately call Airbnb’s future into question. Precisely, Airbnb lost $306 million on operations on $839 million in revenue, namely as a result …
Read More »Atlassian acquires Code Barrel, makers of Automation for Jira
Atlassian today announced that it has acquired Code Barrel, the makers of Automation for Jira, a low-code tool for easily automating many aspects of Jira that’s also one of the most popular add-ons for Jira Software and Jira Service Desk in Atlassian’s marketplace. The two companies did not disclose the …
Read More »SoftBank reportedly preps a package to take control of WeWork parent company
SoftBank Group, the multi-billion dollar Japanese technology conglomerate and investment firm, has put together a bid that would save WeWork parent company We Co., just weeks before the co-working real estate company’s imminent collapse, The Wall Street Journal reports. With the collapse of the company’s planned initial public offering, We …
Read More »Notarize and Guaranteed Rate partner on new product that allows homebuyers to complete the entire closing process online
Notarize, a startup that enables people to get documents notarized online, announced today that it has partnered with Guaranteed Rate, one of the largest retail mortgage lenders in the U.S. Guaranteed Rate’s new product, called FlashClose, integrates Notarize’s real estate API and allows customers to close real estate transactions and …
Read More »Coding training and outsourcing service Catalyte launches a toolkit for corporate ‘up-skilling’
Catalyte , the Baltimore-based coding training and also positioning solution, has actually introduced a brand-new software program solution made to take its equipment learning-based skills-assessment as well as training program to firms around the nation. With earnings currently coming close to virtually $100 million for its outsourced software …
Read More »ClimateTech is the new hot space for investors in a warming planet
How do you attract the attention of a prince? Aside from being Meghan Markle, of course. One answer came recently in the form of Prince Harry’s backing of a new initiative designed to make offsetting the carbon from your airline flights a properly mainstream idea. For Harry, the initiative had …
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