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Two crossed lines that form an X . It indicates a way to close an interaction, or dismiss a notification. Amol Sarva, the cofounder and chief executive of Knotel. Knotel
Free spending and outsized ambitions brought about Knotel s bankruptcy, insiders say.
The flexible-workspace company s mounting bills and vacant spaces posed problems pre-pandemic.
More than a dozen people described how Knotel went from trying to rival WeWork to bankruptcy proceedings.
On Friday, the flexible-workspace company Knotel sent a bluntly worded letter to tenants in its 2 million square feet of New York City offices. Within just a few hours, the letters said, they would have to vacate.
socaltech.com
Lake Forest-based
Higher Ground Education, which operates a network of Montessori schools in the US and China, says it has acquired software developer
Altitude Learning LMS. According to Higher Ground, it has acquired the Altitude Learning LMS technology, along with Altitude s product and engineering teams. Financial terms of the buy were not announced. Higher Ground said the acquisition come after raising $40M in a Series C equity funding, which was led by Venn Growth Partners and also included Learn Capital, Peak State Ventures, Nimble Ventures, and others. Higher Ground said the buy will bring the underlying tools that power its schools in-house.
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PALO ALTO, Calif., Dec. 10, 2020 /PRNewswire/
Turing.com, an automated platform that lets companies hire Silicon Valley caliber remote developers at the touch of a button, announced today a $32-million Series B funding round led by $3.3-billion fund WestBridge Capital. The round includes a number of high-profile investors, such as Foundation Capital, which led Turing s seed round. Altair Capital, Mindset Ventures, Frontier Ventures, and Gaingels also participated in the Series B round, which was heavily oversubscribed.
Driven by the massive global shift to remote work, Turing taps into a global pool of developers to help companies hire in markets such as the San Francisco Bay Area, aka Silicon Valley and New York, where it is difficult and expensive to hire and retain top software engineers. Turing rigorously vets developers for a Silicon Valley bar.
Turing nabs $32M more for an AI-based platform to source and manage engineers remotely
As remote work continues to solidify its place as a critical aspect of how businesses exist these days, a startup that has built a platform to help companies source and bring on one specific category of remote employees engineers is taking on some more funding to meet demand.
Turing which has built an AI-based platform to help evaluate prospective, but far-flung, engineers, bring them together into remote teams, then manage them for the company has picked up $32 million in a Series B round of funding led by WestBridge Capital. Its plan is as ambitious as the world it is addressing is wide: an AI platform to help define the future of how companies source IT talent to grow.