(Reuters) – Car-sharing company Getaround Inc on Wednesday said it has raised $140 million in additional venture capital funding at a time when its business is seeing growing demand and recovering from a collapse during the early days of the coronavirus pandemic.
The San Francisco-based company, backed by Japan’s SoftBank Group Corp <9984.T>, has raised a total of nearly $600 million since it was founded more than ten years ago and in previous rounds was valued at more than $1.5 billion.
The company allows private vehicle owners to rent out their cars through Getaround’s platform on an hourly or daily basis and operates in over 100 U.S. cities and more than 170 European locations after the company acquired a local competitor in 2019.
Getaround’s business suffered during the initial outbreak of the novel coronavirus in March and April, when demand dropped 75% and the company sought financial support from a
Datto Holding, which sells a hybrid IT infrastructure platform to managed service providers, announced terms for its IPO on Wednesday.
The Norwalk, CT-based company plans to raise $561 million by offering 22 million shares at a price range of $24 to $27. New investors Investment Group of Santa Barbara and Dragoneer Investment Group intend to purchase $112 million worth of shares in the offering. At the midpoint of the proposed range, Datto Holding would command a fully diluted market value of $4.2 billion.
Datto is the leading provider of cloud-based software and technology solutions purpose-built for delivery through the managed service provider (MSP) channel to small and medium businesses. The company’s cloud-based platform offerings include Unified Continuity, Networking, and Business Management software solutions and it currently serves 17,000 MSP partners.
Datto Holding was founded in 2007 and booked $493 million in revenue for the 12 months ended June 30,
Mastercard has announced its STEM program, Girls4Tech has reached its initial milestone goal of educating one million girls. The program has a new goal to reach five million girls by 2025.
The program, which launched in 2014, offers activities and curriculum built on global science and math standards. It incorporates the firm’s expertise in technology and innovation to enable children to discover a range of STEM careers, such as fraud detective, data scientist and software engineer.
The Girls4Tech workshops hosted across Kenya and Nigeria, have enabled numerous young girls to build the skills they need for STEM careers.
Cybersecurity and Artificial Intelligence (AI) are two of the hottest technology fields today, with job opportunities continuing to grow across both.
However, worldwide, women make up less than 15 per cent of the professionals in
Automotive manufacturers Toyota and Mazda leverage connected car capabilities for improved customer experience
A seamless connected car platform covers 63 European countries/territories
KDDI, a Japanese telecommunications service provider, has selected Orange Business Services to provide a customized IoT platform for Japanese automotive manufacturers Toyota and Mazda. The platform will allow them to offer connected car capabilities in their vehicles sold across Europe.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201014005358/en/
The Orange solution will initially enable the Japanese automotive manufacturers to offer connected services across 63 European countries/territories, via Orange cellular connectivity.
The Orange Business Services connectivity management solution integrates directly into KDDI’s own platform and provides secure, reliable IoT connectivity for Toyota and Mazda to enhance the driver experience through advanced services. Cloud connections are made using Orange backbone networks, offering high-performance and secured interconnections between the parties’ platforms.
Enhancing the European driving experience “Connected IoT
LONDON, Oct. 14, 2020 /PRNewswire/ — The adoption of digital tools including Augmented Reality (AR) and Virtual Reality (VR) in Human Resource (HR) departments can accelerate the HR digital transformation journey and add value to existing HR activities – especially in the wake of COVID-19. According to a new report from global tech market advisory firm ABI Research, by 2025, there will be close to 60 million active users of AR for expertise and training applications across various verticals, such as healthcare, logistics, Architecture, Engineering, and Construction (AEC), and manufacturing.
“Both AR and VR solutions can allow HR departments to reach potential talent more creatively, assess workers in novel ways, and support workers with improved and remote-enabled training and employee collaboration. This can save time and costs (AR/VR training can save between US$2,000–US$2,500 per employee in comparison with traditional training) and enhance the candidate/employee experience and build
WASHINGTON, Oct. 13, 2020 /PRNewswire/ — The U.S. Navy has awarded Alion Science and Technology a $73 million task order with a 60-month period of performance to provide Joint Training Synthetic Environment (JTSE) Research and Development (R&D) for Joint Staff J7, Deputy Director Joint Training (JS J7 DDJT) Environment Architecture Division (EAD). Alion was awarded this contract under the Department of Defense Information Analysis Center’s (DoD IAC) multiple-award contract (MAC) vehicle. These DoD IAC MAC task orders (TOs) are awarded by the U.S. Air Force’s 774th Enterprise Sourcing Squadron to develop and create new knowledge for the enhancement of the DTIC repository and the R&D and S&T community.
“We are dedicated to our continued customer partnership to develop joint virtual environments to prepare for Joint All Domain Command and Control (JADC2),” said Katie Selbe, Senior Vice President and General Manager of Alion’s Cyber Network Solutions Group. “Alion has
Profitboss is a startup offering a free online ordering system for restaurants.
The company recently pulled in $3.5 million in seed funding in a round led by Redpoint Ventures and joined by Kimbal Musk, Figma CEO Dylan Field, AngelList cofounder Naval Ravikant, The Chainsmokers, Raise founder George Bousis, Tinder founder Sean Rad, and others.
Profitboss tracks user data in order to create customized ads designed to bring customers back to the restaurants it services.
The service is free for restaurant owners. It charges restaurant customers a $1.50 fee instead of taking a cut of financial transactions like other third-party delivery companies.
CEO Adam Guild, 21, started the business when he was 18 years old after creating its core software to help his mother’s struggling dog grooming business.
“Everyone in this life faces different sorts of challenges,” Redpoint partner Alex Bard told Business Insider, “and some people succumb to those challenges.
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The public benefit corporation that runs Nassau University Medical Center could run a deficit of up to $197 million next year without significant outside subsidies, and must change the way it does business in order to survive, a consultant for the hospital’s financial control board has found.
NuHealth, which runs Nassau University Medical Center in East Meadow, faces large annual deficits for the foreseeable future, and “cannot continue operating as it currently does and expect to grow its way out of its financial problems,” consultant Alvarez & Marsal, of Manhattan, said in a 38-page report.
The report, commissioned by the Nassau Interim Finance Authority, a state board that controls NuHealth’s finances, said NuHealth faces an operating loss of $112 million to $197 million in 2021.
“Sometimes you find a place that has been so undermanaged, that when you do a productivity report, you are able to close the gap. In