Online property rental platform Airbnb has said it expects there to be a significant travel rebound this year after it recorded a $4.6billion loss in 2020.
Chief executive Brian Chesky stated the firm is laser-focused on preparing for the revival in travel, though his company admitted it was too early to forecast how the holiday industry will recover.
The Silicon Valley-based group s business has been deeply harmed in the last year by the coronavirus pandemic, quarantine restrictions, and a collapse in international flights.
Airbnb chief executive Brian Chesky (pictured) said the firm is laser-focused on preparing for the revival in travel, which has been decimated in the last year by the coronavirus pandemic
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Samsung s Harman buys assets of automotive tech firm Savari Friday 26 February 2021 | 16:03 CET | News Harman International, part of Samsung, said it has bought most of the assets of Savari, a Silicon Valley-based automotive technology company developing vehicle-to-everything communications (V2X) technology in 5G Edge and automotive devices. Harman said Savari s software and hardware technology will enhance its automotive telematics and advanced driving assistance systems (ADAS) capabilities, and strengthen its capabilities in 5G Edge, multi-access edge computing (MEC) and smart infrastructure services.
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Innovaccer Reaches $1.3B Valuation, Launches Health Cloud Platform
What You Should Know:
– Innovaccer closes Series D round of growth capital bringing Innovaccer at a total valuation of $1.3 billion.
– In addition, the company has launched the Innovaccer Health Cloud, a platform as a service that combines the company’s Data Activation Platform and application suite with an extensive set of platform services and tools that allow customers and partners to easily develop interoperable applications that improve patient outcomes and lower costs.
Innovaccer Inc., a Silicon Valley-based healthcare data platform company, announced today it has closed a new round of growth funding at a $1.3 billion post-money valuation. The latest round of funding was led by Tiger Global Management. Existing investors Steadview Capital, Dragoneer, B-Capital, Mubadala and M12 (Microsoft’s Venture Fund) participated in the round as well as new investor OMERS Growth Equity.
Hair Color Innovator Madison Reed Raises Over $50 Million to Continue Omnichannel Expansion
Brand prepares to seize here-to-stay post-pandemic consumer behavior shifts
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SAN FRANCISCO, Feb. 24, 2021 /PRNewswire/ Madison Reed announced a $52 million financing round to continue to fuel its omnichannel expansion and build upon the 130 percent growth it saw during 2020. The round was led by True Ventures, an investor in Peloton, Ring and Blue Bottle Coffee. The round includes participation from Norwest Venture Partners, Comcast Ventures and Shea Ventures all of which have invested in earlier rounds. New investors include Goldman Sachs, Motley Fool Ventures, Portfolia Rising America Fund and Portfolia FirstStep Fund.
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