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Former Concur, Expedia execs back Spotnana, a startup aiming to rethink business travel software
geekwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from geekwire.com Daily Mail and Mail on Sunday newspapers.
From hackathon to IPO: Pet sitting marketplace Rover is Seattle s newest public company
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Modulus, a cell therapy biotech incubated at the Allen Institute for AI, raises $3 5M
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Scooter-sharing startup rides out pandemic with a successful pivot to consumer sales
February 15, 2021 at 8:36 am
The electric scooter from Zoomers. (Zoomers Photo)
With a plan to move faster and with more innovation than traditional e-scooter rental companies, Shared hit the streets in 2019. When COVID-19 hit a year later, the Seattle-based company nearly crashed.
Now Shared is Zoomers, riding a pivot in Portland that started last May and turned the scooter-sharing startup into a direct-to-consumer and logistics hardware business. The company, which was down to less than $30,000 in the bank at its lowest point, is now cashflow positive and on track to do around $4 million in revenue in 2021 a nearly 500% increase from 2020.
Robotic process automation tech startup UiPath raises $750M at $35B valuation
February 1, 2021 at 10:56 am News Brief
UiPath CEO Daniel Dines (UiPath Photo)
UiPath is raising more cash. The New York-based company just announced a $750 million Series F round that pushes its valuation to $35 billion.
This follows a $225 million Series E round raised in July at a $10.2 billion valuation. Total funding to date is nearly $2 billion.
Founded in 2005, UiPath builds technology called Robotic Process Automation, or RPA. It involves systems that use AI to learn and then take over routine and mundane software processes and business workflows from human workers. The company reported more than $400 million in annual recurring revenue in July.