Page 2 - Drivenets Ltd News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sundheim’s D1 Shakes Off Its $4 Billion Reddit-Fueled Fiasco Bloomberg 1 hr ago Hema Parmar and Katherine Burton (Bloomberg) -- It was the kind of moment that would normally sink a hedge fund: Dan Sundheim was on Zoom, apologizing to clients for losing $4 billion in a single month. He ticked off strategy changes, noted he wasn’t going to dock his team’s pay and then headed back to work. Popular Searches Now, mere weeks later, the episode is behind him. Sundheim has recouped about 90% of what he lost in January when retail investors attacked his short bets on the likes ...

SHARE DriveNets Ltd., a startup developing a software container-based networking platform for carriers, today announced that it has raised $208 million in funding at a valuation exceeding $1 billion.  D1 Capital Partners led the round with participation from Atreides Management as well as returning DriveNets backers Bessemer and Pitango. The last two firms have made “significant follow-on investments,” according to the startup. Bessemer and Pitango previously jointly led a $110 million funding round for DriveNets in early 2019. Israel-based DriveNets provides a software platform that car...