Upskilling platform Degreed raises $153 million in Series D Funding
Now Valued at over $1B, Degreed also announces former Box COO Dan Levin to succeed Chris McCarthy as CEO
PLEASANTON, Calif., April 13, 2021 (GLOBE NEWSWIRE) Upskilling platform Degreed has raised $153 million in Series D funding. The investment, which was co-led by Sapphire Ventures and Riverwood Capital, values the company at $1.4 billion. Dan Levin, former COO of Box (NYSE:BOX), will succeed Chris McCarthy as CEO of Degreed. McCarthy will remain in a strategic advisory capacity and sit on Degreed’s Board of Directors.
The funding will be used to accelerate product development, enhance data infrastructure, fuel global expansion, and pursue strategic acquisitions. Technology enhancements will focus on upgrading Degreed’s reporting and analytics, ensuring best in class security, and enhancing integrations that take Degreed deeper into users’ daily workflow.
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LIST: David Blake, managing director of Worcester City Council (left) and Vic Allison, joint chief exec of Wychavon and Malvern Hills District Councils (right) TEN bosses across three councils in Worcestershire have been singled out in a local authority ‘rich list’ for earning six-figure salaries. The staff, which include chief executives, directors and managing directors, at Worcester City Council, Wychavon District Council and Malvern Hills District Council in Worcestershire have been included in the Taxpayers’ Alliance ‘rich list’ for taking home more than £100,000 last year. Four bosses at Worcester City Council were included in the tax campaigners’ list including managing director David Blake, director of resources Shane Flynn, director of place Andrew Round and director of homes and communities Lloyd Griffiths.
By Ross Wilkers
Apr 02, 2021
The five new executives announced Thursday will work with Tyto CEO Chris Meilhammer and Chief Financial Officer Dan Smith to lead the company through its next phase of growth.
Formerly known as AT&T Government Solutions, that business holds positions on several multiple-award contract vehicles for IT solutions and professional services to agencies.
“We are excited to welcome the (Government Solutions) team into Tyto and begin working together to build a world-class organization to support our customers’ rapidly evolving requirements related to mission focused digital transformation,” Meilhammer said in a release.
New members of Tyto’s leadership team include:
| UPDATED: 16:24, Sun, Mar 14, 2021
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Earlier this week, Professor David Blake urged Boris Johnson to hit back against the EU by imposing penalties on its goods of up to £90billion. His comments, made to this website, came after he claimed the euro is “undervalued against sterling on what economists call a purchasing power parity (PPP) basis by up to 20 percent”.
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