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Tesla’s furlough calls start with delivery and sales taking a hit

Tesla began on Friday to furlough its sales and delivery workforce — with the least qualified workers bearing the brunt of the action — days later a companywide email stated salary...

Insight secures $9.5B fund to support portfolio businesses through the pandemic further

We are now many weeks into what has grown a very huge dip for the global market due to the coronavirus pandemic.  Still, among that, we are viewing are some great pockets...

Stocks Fall As Unemployment Spikes in America 

Stocks dropped in daily trading on Friday, as all significant American indices dropped in the viewing of a broadly negative jobs report.  More than 700,000 jobs were lost in the March reports,...

Clearstep’s COVID-19 chat-based scanner goes in-depth to protect healthcare supplies

There is an increasing number of symptom inspector and screening devices that you can utilise at home if you assume you might have caught the new coronavirus that is creating the...

Instacart shoppers had organised a nationwide strike to demand greater security protections and pay...

Instacart shoppers, accompanied by the folks over at Gig Workers Collective, had organised a nationwide strike in objection of the company’s methods among the COVID-19 pandemic. The Demands  Shoppers, who are liable for...

Tesla to lessen on-site workers at Nevada gigafactory by 75%

Tesla is lessening the amount of on-site workers at its Nevada gigafactory by 75% in reply to the increasing spread of COVID-19, according to a research from Storey County, where the...

It seems like Brandon Middaugh is going up the $1B Microsoft climate fund

Beginning of this year, Microsoft made ripples in the corporate society by reaching out with one of the most enthusiastic and wide-ranging strategies to decrease carbon radiations from the company’s services. An...

Google puts aside $800M in ads and loans to assist in COVID-19 fight

Google CEO Sundar Pichai declared on Friday that his firm would be providing more than $800 million in ad credits and loans to support government orgs and small companies react to...

Box’s Aaron Levie announces that it will take creativity and focus on getting over...

The COVID-19 virus is affecting every phase of our lives and becoming a profound influence on individuals, companies and community at large.  Box’s Aaron Levie Makes A Statement Box’s Aaron Levie has created...

Ford, GM, Tesla granted the ‘go-ahead’ to provide ventilators, Trump announces

Ford, GM and Tesla have been granted the “go ahead” to create ventilators to assist ease a shortage among the COVID-19 pandemic, President Donald Trump stated in a tweet Sunday that...

Lyft to give medical supply and meal distribution to combat the coronavirus pandemic

Lyft is increasing the kinds of help it gives through its on-demand transport network in an attempt to promote efforts to deal with the continuing COVID-19 pandemic.  Lyft’s Attempt To Battle The...

American Airlines cancels worldwide long-haul flights by 75%

American Airlines announced that it would waive 75% of its worldwide long-haul flights from the U.S., starting March 16 in acknowledgement to reduced demand and government travel constraints put in the...

Handle.com supports autonomous construction operators get paid on time

From extended payment cycles to out-of-date methods on how to bill operators, the massive incompetence of the construction enterprise is long overdue for modification. Enter startups like the big venture-backed Katerra and...

Delta Air Lines decreases capacity by 40%

Businesses across the spectrum are striving to face the challenges that the current coronavirus disruption presents. Few areas are directly affected as the airlines, which has resulted in an instant and severe...

Stocks head as President Trump announces national emergency

President Donald Trump’s national emergency announcement, which occurred only a half-hour before the market shut, drove stocks higher Friday, giving at least momentary relaxation to shares that have been stifled this...

Senator requests Uber, Lyft, Instacart and others to provide gig operators financial safety in...

While a few gig economy firms have already practised steps to attempt to stop the expanse of COVID-19 amongst its workers, Sen. Mark Warner (VA) is urging them to go ahead...

India’s Yes Bank disruption obstructs Walmart’s PhonePe amongst a dozen additional services

Hundreds of millions of traders and users in India are striving to do online transactions and utilise many popular services after the nation’s central Bank took charge of Yes Bank, the...

Google, Toyota finance in WhereIsMyTransport to plan transportation in developing cities

In developing markets, up to 80% of the people may have to depend on informally-run city transport to get about—actually, privately-run buses and cars. Importance of Journey-Planning Apps However journey-planning apps that serve...

PC shipments anticipated to fall this year due to the coronavirus outburst

The coronavirus disruption could lead to at least a 3.3% fall — and as big as a 9% drop — in the number of PCs that will dispatch globally this year,...

DigitalOcean raises $100M in debt as it mounts toward income of $300M, profitability

DigitalOcean is a cloud infrastructure provider aiming for tinier business and fresher companies. It declared recently that it had obtained $100 million in current debt from a collection of investors, making its...

Volocopter elongates Series C funding to $94M with support from logistics giant DB Schenker...

Self-governing air mobility business Volocopter has attached to the Series C funding round it declared in September 2019. Details About The Investment The German electrical vertical take-off and landing (eVTOL) aircraft producer published...

Nvidia’s Q4 financials resemble brighter skies with steady quarterly income growth

Superior artificial intelligence and graphics chipmaker Nvidia announced its 2020 Q4 financials recently. Specifics About The Investment The company published earnings of $3.11 billion for the quarter, a leap of 41% from the...

Los Angeles-situated ‘deep tech’ finance firm Riot ventures is proposing a $75M fund

Riot Ventures is a Los Angeles-situated, early-stage and broad technology finance firm. Funding Specifications It is spreading out to the market to establish a $75 million secondary fund to fund the growth of...

OptimoRoute allocates $6.5M Series A to support businesses plan better their routes

Route preparation seems like it’s an issue for significant logistics companies like Amazon, FedEx and UPS. Still, in certainty, it’s something all small business with more than a few mobile workers deals...

As its fundraising delays, SoftBank’s second Vision Fund can be near-sighted

SoftBank is the technology conglomerate that changed the investment capital industry and made ripples in the technology world with its $100 billion Vision Fund. However, it may not be ready to...

Indian education company Byju’s allocates $200M from General Atlantic

Indian education company Byju’s announced on Friday that General Atlantic, a current investor in the startup, has pumped extra money to join its latest, ongoing investment round. More About The Investment While the...
Doubtnut company - Indian edtech company | iTMunch

The two-year-old Indian edtech company Doubtnut allocates $15M

Doubtnut, a Gurgaon-based startup that runs an app to assist students in learning and understanding concepts from math and science by using short videos, has allocated $15 million in the latest...

Codility allocates $22M for its tech hiring platform

Codility is a program that assists tech recruiters and hiring supervisors asses applicants through online coding examinations. It has recently announced that it has allocated a $22 million Series A round managed...

Engaging as a traffic cop for drones in towns and cities nets Airspace Link...

As the amount of drones increases in towns and cities across America, government offices are struggling to find ways to handle the oncoming traffic that’s assumed to clog up their airspace. Why...
Tink - European open banking program | iTMunch

Open banking program Tink puts €90M at a post-money cost of €415M

Tink, the European open banking program, is revealing €90 million in new funding, only 11 months after the Sweden-headquartered company declared a €56 million round of funding. Specifications About The Investment  Co-leading this...
Uber Eats sold to Zomato in India | iTMunch

Uber trades food delivery company in India to Zomato

Uber announced on Tuesday that it had sold its food delivery business, Uber Eats, in India to local opposing Zomato as the American ride-hailing giant runs to shed loss-making services to...

Investors such as Sundar Pichai shoved Alphabet into the trillion-dollar club for the first...

Alphabet became the fourth tech giant to enter the highly remarkable trillion-dollar club. One whose primary member, Apple, Alphabet witnessed its market cap rise past $1 trillion for the first time...

As Alphabet crests the $1T point, SaaS stocks touch record-breaking highs of their own

Maintaining the random surveys of the public markets, two situations happened this week that are worth the time.  First, a third national technology company — Alphabet — crossed the $1 trillion market...

Casper files to become public tells you can waste money selling mattresses

E-commerce sensation and D2C bright star Casper has filed to become public. The New York-based firm that put almost $340 million while single, according to Crunchbase data, assumes to trade on the...

SoftBank Vision Fund makes a $275M investment in India’s Lenskart

Lenskart, an omnichannel retailer in India that markets eyewear products, stated on Friday that it had allocated $275 million in new funding round from SoftBank Vision Fund as it seems to...

TikTok’s income said to skyrocket above 300% in Q4

According to recently published third-party data, TikTok has the purpose of dancing. The Specifications  The popular short-video application noticed its in-app purchase income rise 310% on year-over-year data, according to Apptopia, a startup...
Tech stock performance in 2019 | iTMunch

Tech’s most prominent businesses are worth ~$5T as 2019’s classic stock market wraps up

Let's take a look at how great tech stocks did last year.  It did bonkers. So let's note the year's outcome with some records for our future selves. Yes, we understand that the Nasdaq...
Electric car by Rivaan | iTMunch

Rivian includes $1.3 billion in financing for its electrical service and adventure vehicles

The American automotive technology startup Rivian has put $1.3 billion in new funding, the company announced.  More About The Latest Funding  The latest investment is the fourth round of capital declared by the...

Coral allocates $4.3M to create an at-home manicure machine

Coral is a company that desires to “simplify the special care space through intelligent automation,” and they have accumulated $4.3 million to get it done.  Their initial goal? An at-home, entirely automated...

American charges have a higher impact on U.S.-based Amazon vendors than their opponents in...

The range of charges imposed by the United States on Chinese goods has affected both U.S. and China-based Amazon vendors. According to data from across the border e-commerce company, SellerMotor says U.S....

Fundbox Raises $176 million Series C to Develop ‘Visa’ for B2B payments

Nowadays, credit cards have become universal for customer transactions, and it is not difficult to see why. By intermediating payments, networks like Visa enable buyers and sellers to trade money for...

Honeycomb.io raises $11.4M to support developers see and debug their apps

As organisations continue to increase the number of cloud-based tools and apps that are used to manage their businesses, DevOps proceeds to develop as a field of IT to help developers...

Huckleberry allocates $18M to set small business insurance online

The insurance business, sluggish and aged, is ready for disruption.  We have noticed companies like Lemonade, Hippo and Rhino take in at that moment.  Now, an insur-tech company centered on small business insurance...

Gatsby raises a $15M Series A for its current web development platform

Gatsby is a platform that uses the latest web technologies like React and GraphQL to support developers to build better sites faster. They have announced that they have raised a $15 million...

LogMeIn accepts to be obtained by Francisco Partners and Evergreen for $4.3B

LogMeIn stated that it has accepted to be auctioned for $4.3 billion to associates of Francisco Partners and Evergreen Coast Capital Corporation, the individual equity subsidiary of Elliott Management Corporation.  The acquisition...

Milieu Insight raises $2.4 million to start in more Southeast Asian countries

Milieu Insight, Singapore-based market analysis and data platform, published that it has allocated $2.4 million in pre-A funding.  The round, managed by MassMutual Ventures Southeast Asia, will be utilized on product growth...

TrueLayer, the open banking API provider, reveals financing and partnership with Visa

TrueLayer is a London based startup that has created a developer API program for fintechs and various nearby firms to use open banking. It has recently agreed on a strategic and economic...

 Gecko Robotics Raises $40 Million in Funding For Increasing Robot Production 

Gecko Robotics has piloted $40 million in funding as it looks to create an additional 40 robots over the next year to reach what the company views as increasing demand for...

75F raises $18 mn in a round led by Bill Gates, Bloomberg, Bezos-backed alliance

75F is a US-India-based company that gives energy-efficient, IoT-powered wireless building automation solutions. The company had announced on Friday that they had raised an $18 million Series A funding round. More About The...

Adobe shifts it up as it exceeds $11B in revenue

Recently, Adobe presented its quarterly earnings report, and the results were pretty good.  The Successful Year of 2019 The company made a tad under $3 billion for the quarter, at $2.99 billion, and...

Flipkart directs $60M financing in logistics startup Shadowfax

Walmart's Flipkart has supported Indian startup Shadowfax in a current $60 million funding round as the retail giant runs to strengthen its logistics network in the country. Information About The Investment Flipkart started...

Apostrophe raises $6 million to allow you to consult a dermatologist from your phone

Ben Holber and Ryan Hambley were raised together.  Hambley, the boy of a dermatologist, always had clean skin.  But Holber strived with acne from the moment he was a teenager.  The two noticed first-hand...

After its first profits miss in two years, Amazon shares get thrashed in after-hours...

Amazon shares dropped by almost 7%, or $118.38, in after-hours trading after the company listed its first profits miss in two years. More Information About Amazon's Finances Financial analysts had foretold that the...

Flow raises $37M to simplify international e-commerce

Flow is a startup that assists brands and retailers in doing cross-border e-commerce business. It has allocated $37 million in Series B funding. What Does Flow Do?  CEO Rob Keve stated that thanks to...

Storm Ventures recently sealed its sixth fund with $130 million

Storm Ventures, a presently 19-year-old, Sand Hill Road venture firm in Menlo Park, Ca., has settled on $130.4 million for its sixth funding, reveals a new SEC filing.  The outfit started its...

India’s financial services firm Paytm raises $1B

Paytm announced on Monday it has raised $1 billion in a new financing round. As the Noida-headquartered firm, which previously ruled the local mobile payments market, strives to fight back giants like...

Rhino seems to replace renters’ security deposits with a small monthly fee

Rhino is the insurtech startup produced by Kairos and co-founded by Kairos CEO Ankur Jain. It has announced the settlement of a $21 million Series A round, which was headed by Kairos...

Fabric’s latest app assists parents with the tough stuff, including wills, life insurance &...

The latest app, called Fabric, strives to make it easier for parents to plan for their family’s long-term economic well-being.  The Purpose of Fabric The aim is to give parents a one-stop-shop that...

Los Angeles-situated BuildOps, subcontracting software for real estate, allocates $5.8 million

Software developing companies tackling services for recess industries, like commercial real estate subcontracting, proceed to find Los Angeles to be fruitful ground for development. BuildOps Gets A New Investment  The newest company to...

GameClub gives mobile gaming’s biggest hits for $5 per month.

Apple Arcade started the concept of all-you-can-eat subscription-based mobile gaming to the mainstream.  Google Play Pass shortly followed as a way to subscribe to a sizable collection of both apps and games...
Tips for revenue based financing | iTMunch

Is Revenue-Based Investing Worth The Effort?

There are new business models coming up in venture capital. This new wave is made up of Revenue-Based Investors. They utilize creative investing structures, over the traditional equity VC. Revenue-Based Investing, also...

Dream Games allocates $7.5M seed to improve ‘high-quality’ puzzle games

Dream Games is a Turkish mobile gaming company established by former Peak Games employees who worked collectively on hit puzzle games Toy Blast and Toon Blast, has raised $7.5 million in...
Todd Olso CEO of Pendo | iTMunch

Pendo acquires $100M Series E funding on $1 billion valuation

Pendo is the late-stage startup that assists companies to know how consumers are interacting with their apps. More About The Latest Funding  It declared a $100 million Series E funding today on a...

Rahko raises £1.3M seed from Balderton toward quantum machine training tech

There continues to be a problem with the race to build a quantum computer, which is why practices in those areas can be remarkably error-prone.  Rahko is the latest U.K. startup that...

Alpaca grabs $6M for stocks API so that anyone can create a Robinhood

Stock trading app Robinhood is estimated at $7.6 billion, but it just works in the U.S.  The Introduction of Alpaca Freshly funded fintech startup Alpaca does the dirty work, so developers worldwide can...

Employee emergency and security service provider, Base Operations raises $1M

In 2017, a devastating earthquake hit Puebla, Mexico, sending shock waves to Mexico City, while damaging buildings in the nation’s megalopolis and its neighboring suburbs. This is when both public and private...
Rapyd accumaltes 100 million for platform development | iTMunch

Rapyd proposes $100M for its ‘fintech as a service’ API

The digital payments market is projected to balloon to $3 trillion by 2023. And today, a startup that allows businesses to achieve not just payments, but also many other related services has...

Tencent manages $10M A funding round in SenSat which will digitize real-world places

If you can digitize all, real-world locations, you would automatically enhance the plan for big infrastructure projects that need buildings, bridges tunnels and the same.  Around $94 trillion in infrastructure financing is...

Grammarly puts $90M at over $1B+ valuation for its AI-based grammar and writing tools

While the study continues to be focused on the increase and growing sophistication of voice-based interfaces, there is a startup that is applying artificial intelligence to enhance how we interact through...

Nexkey accumulates $6M Series A round to make your company’s doors smarter

Nexkey is a company that produces a mobile access control resolution for commercial buildings and workspaces. NexKey's Latest Round of Investment   It has announced that it has raised a $6 million Series A...
Volocopter flying taxi service raises $55M | iTMunch

Volocopter raises $55M For Flying Taxi Service

The commitment of flying cars has become an idea more compatible with the tech world’s deficiencies than its exciting potential. But now one of the startups that are focused on genuinely attempting...
Renaud Laplanche introduces Upgrade credit card | iTMunch

Upgrade, the latest company by Renaud Laplanche, has a new credit card that it...

Three years before, the founder of LendingClub, Renaud Laplanche, took the covers off his second act; Upgrade A customer lending venture called Upgrade that now hires 350 people. The Story of Upgrade Upgrade has...

Google is obtaining Fitbit for $2.1 billion

Only days after it was reported that Google was close to purchasing Fitbit, Google and Fitbit now verified the purchase. Google will spend $7.35 per share for the wearables business in an...

Welcome to the Jungle allocates $22.3 million to obtain recruitment simpler

French startup Welcome to the Jungle has established a new $22.3 million funding round (€20 million).  The Story of Welcome to the Jungle The startup is both a media firm and a tech...

Current a mobile banking app raises $20M Series B, covers half a million users

Mobile banking app Current, which started as a teen debit card managed by parents has now extended to offer personal checking accounts earlier this year.  A New Round of Investors  The company states...

DoorDash, presently estimated at $12.6B, shoots for the moon

Five years ago, Sequoia partner Alfred Lin called Tony Xu, the originator of a small on-demand delivery startup named DoorDash, said he was moving on the company’s seed round. Of course, this...

Netflix Q3 incomes surpass estimates, despite failing US subscriber growth

Netflix’s Q3 business report has given the company’s stock a lift in after-hours trading, with earnings significantly surpassing analyst expectations. The streaming giant announced profits of $5.24 billion, up 31% year-over-year and...

Netflix to allocate $2 billion in debt to finance more content spending

For the second time this year, Netflix is giving $2 billion in debt to finance its investment in content. This includes new programming, content purchases, investments and more.  The news was published...
Logo Quibi- mobile only streaming service | iTMunch

Streaming service Quibi sold out $150M in the first-year ad inventory

Jeffrey Katzenberg’s mobile-only streaming service Quibi has not even started, yet it has already sold out of its $150 million first-year advertisement inventory.  The service, which debuts in April 2020, combines new...

LA-situated gaming studio Scopely raises $200M at a $1.7B valuation

The Los Angeles-situated mobile game development studio Scopely has enhanced into America’s latest unicorn. This is all thanks to a $200 million investment, which considers the company at a whopping $1.7 billion. Information...

Big 3 cloud infrastructure profits reach nearly $22B this quarter

Amazon, Microsoft, and Google are usually referred to as the Big 3 in the cloud infrastructure market. And, if you had any uncertainty about the potential growth of the cloud, get a...

Japanese instant-credit provider Paidy allocates $143 million from investors including PayPal Ventures

Paidy is a Japanese financial tech startup that gives instant credit to customers in Japan. It has recently announced that it has accumulated a total of $143 million in new financing.  This involves...

Amboss, the learning platform for medical professionals, raises €30M Series B

Amboss, the Berlin-based ‘Medtech’ startup that offered a learning app for students but has turned to a knowledge platform for medical professionals, has raised €30 million in Series B funding. The round...

Duality, a safety startup co-founded by the inventor of homomorphic encryption, raises $16M

The universality of APIs and cloud solutions have started up a world of exciting ways for businesses to build a service without having to create every part of it.  However, they have...

App income scales 23% every year to $21.9B in Q3

Global app income extends to rise, thanks to the increase in mobile gaming and the subscription economy. The Battle Between App Stores During the third quarter of 2019, customer revenue rose 22.9% year-over-year...

Amazon axes $14.99 Amazon Fresh fee, offering grocery delivery free for Prime members to...

Amazon is setting up the heat once again in the business of groceries, and especially, grocery delivery, to make its services more enticing in the aspect of competition from Walmart. Recently, the...

Newly-rebranded Thimble allocates $22M to take flexible insurance to the gig economy

Thimble, which gives flexible, short-term insurance to small businesses and freelancers, is stating that it has raised $22 million in a Series A funding round managed by IAC. Until today, the startup...

Jackson Square Ventures recently closed its third fund with $193 million; here’s how it...

Jackson Square Ventures (JSV), is an eight-year-old, San Francisco-based early-step enterprise firm. It gets its name from the neighbourhood in San Francisco where it is headquartered. It has concluded its third fund with...

Libra states 180 possible replacements for 7 mutineers

Despite high-profile failures from Visa, Stripe, and more, the Facebook-led cryptocurrency Libra Association published that 1,500 organizations have shown interest in joining the Libra project.  One hundred eighty of those fit the...

Algolia acquires $110M for its search-as-a-service, equipped by Slack, Twitch & others

Algolia is one of the group of startups that gives "search" as a service for websites and apps as an alternative to Google and other search engines. It is announcing a big...

Meme editor, Kapwing increases10X, raises $11M

Kapwing is a laymen's Adobe Creative Suite created for what people do on the internet: create memes and remix media. Keep reading to find out what this editor is all about...

Unbabel receives $60M for its blended approach to business translation

Unbabel is a Lisbon-based startup that has developed a platform for translating customer service messages. This is done by blending the speed of machine translation with a local human speaker difference and...

Medal.tv Raises $9 Million To Become The Social Network of the Gaming World

While Medal.tv first launched, the company was an opportunist trying to be the social network for the gaming generation. Since its introduction in February, the clipping and messaging service for gamers has...

Spotawheel Raises €5M For Its Online Used Car Dealership

Spotawheel is a startup working in Greece and Poland with a car dealership model which is pretty similar to Carvana in the U.S. It has raised €5 million in new funding.  Spotawheel's...
Urbvan- Individual, high end transport shuttle | iTMunch

Urbvan, Private Shuttle Service, Raises $9 Million

As we all know that cities with developing markets deal with frequently traffic-clogged and unsafe streets, Urbvan is a startup which provides individual, high-end transportation shuttles in Mexico. Reports suggest that it...

Kaszek Ventures Raises $600 Mn In Two Funds

Kaszek Ventures is an investment firm who has just raised $600 million across two new funds. It has been one of the principal architects of the current boom in startup financing and...

Baze, Startup For Blood Testing At Home, Raises $6 Mn.

As of now, the venture world is cautious of different blood testing startups which offer health data from just a few drops of blood.  However, did Baze get lucky?  Even though there is...

Highly Demanded Parking Startup; SpotHero Raises $50 million

SpotHero, is a company based in Chicago which has created a highly demanded parking app. It has raised around $50 million in a Series D round which was led by Macquarie...

Bear Robotics to raise funds for robots that deliver food to restaurant patrons

We have yet another tech news that makes us feel like there is almost no end to the number of jobs that might be replaced. And, now you will have a...

At $152 Bn, The Gaming Industry Attracts Investors

By the end of the year, the global gaming market is projected to be worth $152 billion. Out this, 45%, approximately $68.5 billion, comes from mobile games.  With this incredible growth, there has been an...

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