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Employee engagement platform Culture Amp raises $100M at a $1.5B valuation

5 years 2 months ago
Culture Amp was founded in 2009 to let companies conduct anonymous employee surveys, but since then, its focus has expanded to helping employers turn the data they collect into action. The company announced today it has raised $100 million in Series F funding, led by returning investors Sequoia Capital India and TDM Growth Partners. The […]
Catherine Shu

Connected car insurance startup Flock raises $17M Series A led by Chamath Palihapitiya

5 years 2 months ago
Cast your mind back to that scene in Minority Report where all those autonomous cars are whizzing through the city. The more practically-minded of you may well have gone: “Yeah, but what about the insurance…?”. Among the startups building the on-demand, connected insurance world for the vehicles of tomorrow right now are UK-based Zego which […]
Mike Butcher

Japanese sneaker platform SODA raises $56.4M, accquires rival Monokabu

5 years 2 months ago
Just half a year after leading SODA’s Series B, SoftBank Ventures Asia is raising its bet on the Tokyo-based sneaker resell platform. The early-stage venture capital arm of SoftBank Group announced today it has returned to lead SODA’s Series C, which currently totals $56.4 million. Other investors include South Korean sneaker reselling platform KREAM (another […]
Catherine Shu

Twitter shuttering NY, SF offices in response to new CDC guidelines

5 years 2 months ago
Just two weeks after reopening its New York and San Francisco offices, social media giant Twitter said Wednesday that it will be closing those offices “immediately.” The decision came “after careful consideration of the CDC’s updated guidelines, and in light of current conditions,” a spokesperson said. “Twitter has made the decision to close our opened […]
Mary Ann Azevedo

Zuckerberg is turning trillion-dollar Facebook into a ‘metaverse’ company, he tells investors

5 years 2 months ago
Following the quarterly release of Facebook’s earnings numbers where the company’s CFO takes time to walk analysts through the nitty gritty of the company’s financials, CEO Mark Zuckerberg took a moment to zoom out and wax on the company’s future goals, specifically calling out his ambitions to turn Facebook into “a metaverse company.” “I wanted […]
Lucas Matney

INKR draws in $3.1M to make more comics accessible to worldwide audiences

5 years 2 months ago
INKR is a digital comics platform that crosses cultural and language divides, enabling creators to reach global audiences with its proprietary localization technology. Previously bootstrapped, the company announced today that it has raised $3.1 million in pre-Series A funding led by Monk’s Hill Ventures, with participation from manga distributor TokyoPop founder and chief executive Stu […]
Catherine Shu

Ford expects semiconductor rebound, new vehicle demand to increase 2021 profits

5 years 2 months ago
Despite semiconductor shortages peaking during the second quarter of 2021, Ford says it delivered better-than-expected operating results by leveraging strong demand for new vehicles, like its Bronco SUV, according to its most recent earnings report. In April, Ford had expected to lose about 50% of its planned Q2 production, resulting in a profit loss for […]
Rebecca Bellan

Ford F-150 Lightning electric pickup reservations surpass 120,000

5 years 2 months ago
Ford and its F-150 pickup, the automaker’s best-selling vehicle, have consistently inspired brand loyalty from pickup truck owners. According to the J.D. Power 2020 U.S. Automotive Brand Loyalty Study, Ford has a 54.3% loyalty rate. Now as the automaker moves to electrify its fleet, it seems to be bringing in fresh buyers. Ford released Wednesday […]
Rebecca Bellan

Facebook will require employees to be vaccinated before returning to campus

5 years 2 months ago
Earlier today, Google CEO Sundar Pichai announced that the company will require employees to be vaccinated before returning to work on-site. It was part of a larger letter sent to Google/Alphabet staff that also noted the company will be extending its work-from-home policy through October 18, as the COVID-19 delta variant continues to sweep through […]
Brian Heater

Facebook warns of ‘headwinds’ to its ad business from regulators and Apple

5 years 2 months ago
Facebook posted its second quarter earnings Wednesday, beating expectations with $29 billion in revenue. The world’s biggest social media company was expected to report $27.8 billion in revenue for the quarter, a 50% increase from the same period in 2020. Facebook reported earnings per share of $3.61, which also bested expectations. The company’s revenue was […]
Taylor Hatmaker
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