Korean e-commerce manager Coupang appoints Alberto Fornaro as its new chief financial officer
Korean e-commerce giant Coupang has a brand-new chief financial officer. The company declared that it had appointed Alberto Fornaro, who earlier served the same position at International Gaming Technology (IGT PLC), the multinational gaming machine firm. Fornaro replaces Richard Song, who entered Coupang in 2011...
Rhino’s Innovative Approach to Replacing Renters’ Security Deposits
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 and Lakestar. Rhino was established in 2017 to put the billions of dollars...
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 seed funding. Information About The Funding Managing the round is Makers Fund, with co-investment...
Base Operations Raises $1M for Employee Emergency Security Services
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 emergency services rose into action. For multinational companies running in the city, it...
Mobile banking app Current 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 it has developed to host more than 500,000 accounts on its service...
Twitch appoints ex Zynga exec Doug Scott as the chief marketing officer
Amazon-owned game streaming service Twitch has announced that it has snagged Zynga’s chief marketing officer, Doug Scott, to join as its CMO. The Story of Doug Scott At Zynga, Scott managed global marketing for merely over three years. Earlier to that, he was CMO at...
Facebook’s Plan for a Post-Web Future: A Strategic Analysis
Let us connect some dots. Five years ago, Facebook obtained VR pioneers Oculus for $2 billion. This week, it caught up neural-interface pioneers CTRL-Labs for about north of $500 million. It also stated that its own massively multiplayer VR shared universe Horizon will start early...
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 from $17.9 billion to approach an estimated $21.9 billion over both the...
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 expertise. The Story of Unbabel The company has sealed a $60 million Series...
Adarga concludes £5M Series A funding for its Palantir-like AI platform.
AI startup Adarga has sealed a £5 million Series A fundraising by Allectus Capital. But this news cloaks the point that it has been developing a source of steam since its founding in 2016. Building up what they say is a £30 million-plus sales pipeline...
