Tag Archives: Companies

17May/22

Optibus becomes the first public transportation unicorn with Series D closing

Optibus, the end-to-end software platform for public transportation planning and operations, announced today that it has closed $100 million in Series D funding, with investments from new and existing investors Insight Partners, Bessemer Venture Partners, Verizon Ventures, Pitango First & Pitango Growth, Tencent, SOMV Momentum, and others. This latest round of financing brings Optibus’ total funding to $260 million and its valuation to $1.3 billion, making Optibus the first unicorn dedicated to the public transportation sector. Continue reading

16May/22

Peloton and iFIT Announce Settlement of All Pending Litigation

Peloton (NASDAQ: PTON) and iFIT announce today the settlement of all pending litigation between them. All pending actions between the companies will be dismissed. As a result of this comprehensive settlement, iFIT has agreed to remove certain on-demand leaderboard technology from its products, and Peloton has agreed to license certain iFIT patents relating to remote control technology. The parties are pleased to put the litigations behind them and will have no further comment. Continue reading

29Apr/22

More than 9,400 Miles Traveled with Love: Americold, Kraft Heinz and Feed the Children Partner to Feed Struggling Families

With a shared heart for serving, Americold, Kraft Heinz and Feed the Children have been working together to deliver nine semi-truck loads of Ore-Ida Frozen Potatoes to families across the nation living below the poverty line. In total, more than 9,400 miles were traveled to bring 125 tons of frozen potatoes to Calif., Washington, Okla., Illinois and surrounding areas. Continue reading

18Apr/22

Deloitte: Business Travel Steers Toward Slow, Yet Steady Ascent

Even as COVID-19 health concerns and travel restrictions subside, corporate travel faces a complex prognosis. Many companies are now implementing the return to office plans they delayed last fall, and an increase in corporate travel is likely to accompany this shift. However, according to Deloitte’s new report, “Reshaping the Landscape: Corporate Travel in 2022 and Beyond,” a recovery to 2019 spending levels is not expected this year or next. While uncertainty around international relations and additional COVID-19 variants will continue to affect corporate travel, the scope of why and when employees are expected to travel for business is becoming clearer.

The study is based on a survey of 150 U.S.-based executives with travel budget oversight, fielded between Feb. 10 and Feb. 18, 2022. Continue reading

09Apr/22

HAVAS LAUNCHES ‘STAYBL’ APP TO IMPROVE DIGITAL EXPERIENCE FOR PEOPLE WITH PARKINSON’S DISEASE

Havas Creative announced today the launch of Staybl, the first web browser technology designed to compensate for hand tremors and improve access to digital experiences for those living with Parkinson’s Disease and other essential tremor conditions. Continue reading

05Apr/22

Equinix Enters Africa, Closing the US$320 Million Acquisition of MainOne

Equinix, Inc. (Nasdaq: EQIX), the world’s digital infrastructure company™, today announced it has completed its deal to acquire West African data center and connectivity solutions provider MainOne for an enterprise value of US$320M, marking the beginning of its expansion into the African continent. Continue reading

23Mar/22

JEEVES (YC S20) RAISES $180 MILLION SERIES C AT $2.1 BILLION VALUATION WITHIN ONE YEAR OF PUBLIC LAUNCH

Jeeves, the all-in-one corporate card and expense management platform for global startups, announced today that it has raised a $180 million Series C at a valuation of $2.1 billion. The Series C round, which closed in March 2022, comes just seven months after the company’s Series B round. Continue reading