Workforce training app developer Poka adds strategic investor Schneider Electric

Poka, a workforce training app and software service for industrial companies, has added SE Ventures, the venture capital arm of the European energy and automation conglomerate Schneider Electric to its roster of backers. The company has raised over $23 million in funding so far for its application and software services package that provides training and […]

Bird shuts down Circ operations in Middle East, scraps as many as 10,000 scooters

Bird has shut down scooter sharing in several cities in the Middle East, an operation that was managed by Circ, the micromobility startup it acquired in January. About 100 Circ employees have been laid off and as many as 10,000 Circ scooters have been sent to a third-party UAE-based company for recycling, according to multiple […]

Venture firms rush to find ways to support Black founders and investors

As protests against police brutality and economic manifestations of systemic racism in the U.S. continue, venture capital firms are joining the chorus of technology industry advocates lending their support to the cause. For the past three days, technology company executives and the investors who backed them have issued statements of support for the protests and […]

Zoom’s paid usage skyrockets as remote work takes over

Amid the COVID-19 pandemic, few companies seemed more poised to receive a usage bump than Zoom and its enterprise-grade video chat platform, but it turns out Zoom’s growth has outpaced those expectations. In the company’s quarterly earnings release, Zoom delivered a beat that represented 169% year-over-year revenue growth, but they did so on the back […]

Remote work helps Zoom grow 169% in one year, posting $328.2M in Q1 revenue

Today after the bell, video-chat service Zoom reported its Q1 earnings. The company disclosed that it generated $328.2 million in revenue, up 169% compared to the year-ago period. The company also reported $0.20 per-share in adjusted profit during the three-month period. Analysts, as averaged by Yahoo Finance, expected Zoom to report $202.48 million in revenue, […]

Peloton’s fitness app finally lands on Apple TV

Since announcing in March that they were extending the free trial of their digital subscription from 30 to 90 days for a short time, Peloton has been rolling out more support for TV screens, adding Android TV back in April and announcing today that they’ve launched an official Apple TV app. Shelter-in-place and the associated […]

Pitch deck teardown: The making of Atlassian’s 2015 roadshow presentation

In 2015, Atlassian was preparing to go public, but it was not your typical company in so many ways. For starters, it was founded in Australia, it had two co-founder co-CEOs, and it offered collaboration tools centered on software development. That meant that the company leaders really needed to work hard to help investors understand […]