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Afternoon Coffee: TripActions investment; Public-private partner; PRO - Vimarsana News

Afternoon Coffee: TripActions investment; Public-private partner; PRO

Africa Studio/Adobe Stock TripActions, an artificial intelligence-enabled booking and management platform, announced it raised $155 million in an investment led by Andreessen Horowitz, according to VentureBeat. This latest investment brought TripActions’ valuation to $5 billion. The TripActions platform is made specifically to offer enterprises real-time data, automated reporting and insights into business travel and expenses. This investment comes at a time when businesses across the spectrum embrace new ways of functioning, with things like remote work taking center stage. Corpo...

Struggling Local Governments May Get Help From the Private Sector - Vimarsana News

Struggling Local Governments May Get Help From the Private Sector

Struggling Local Governments May Get Help From the Private Sector As their fiscal woes become worse, some government officials are looking more closely at public-private partnerships as a way to jump-start their economies. One Chestnut Place, left, and a parking garage, right, are part of a public-private partnership in Quincy, Mass.Credit...M. Scott Brauer for The New York Times By Miranda S. Spivack Jan. 19, 2021 For state and local governments, the pandemic has brought financial gloom: Tax collections are down, public health expenses are up, and their infrastructure backlog is growing. Hop...