Tag: ceo
As COVID-19 pummels global economy, 8 new companies join the $100M ARR club
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. This morning we’re adding a number of companies to the $100 million ARR club, a collection of private companies that have reached material scale. Over time, this series has gone…
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Gousto, a UK meal-kit service, raises another $41M as business booms under lockdown
Food delivery — be it ready-made restaurant meals, groceries, or anything in between — has seen a huge surge of activity in the last few weeks as people have sheltered in place to slow down the spread of the novel coronavirus. Today, one of the startups that’s built a business…
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Potential new treatment for COVID-19 uncovered by BenevolentAI enters trials
BenevolentAI, a startup which has raised $292 million to apply AI to create drugs faster, today says it has uncovered an already approved drug as a potential treatment for COVID-19, after it applied its AI platform and team to the problem. The revelation, which has now appeared in peer-reviewed scientific…
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African genomics startup 54gene raises $15M led by Adjuvant Capital
Greater availability of African genomic data could lead to medical breakthroughs for the continent’s 1.2 billion people. That’s the driving proposition of 54gene — a U.S. and Nigeria based startup — that collects African genetic code for use in health research and drug development. The company has closed a $15…
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Amazon to hire 75,000 more to address increased demand due to coronavirus crisis
Amazon has already hired over 100,000 new employees in the past four weeks as a result of the uptick in demand it’s seeing due to the global coronavirus pandemic, but it’s looking to add 75,000 more workers in the U.S., across both full- and part-time positions. The company revealed the…
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Energica CEO plots her Italian EV company’s reboot from lockdown
There could be more demand for electric vehicles post COVID-19 crisis, believes Energica founder Livia Cevolini. The CEO of the high-performance Italian motorcycle manufacturer offered that point of optimism, as her Modena based EV company remains closed by government decree. The coronavirus pandemic has forced Energica to hit the brakes…
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