Freshworks Inc., a software company, has announced the appointment of diversity advocate Randi Bryant as the company’s first Chief Diversity and Inclusion Officer. Bryant brings more than 20 years of experience to Freshworks, having helped organizations like Comcast, McDonald’s, the New York Transit Authority, and the U.S. Department of State, to equip employees with the…
Full-stack fleet software company LocoNav Inc has announced that it has raised $37 million in its Series B funding round. The latest funding round saw participation from Anthemis Group, Quiet Capital, Sequoia Capital India, Foundamental, Uncorrelated Ventures, RIT Capital Partners, Village Global, among other investors. Speaking on the announcement, David Greenbaum, Partner at Quiet Capital, said, “LocoNav has built an end-to-end…
Canva, a visual communications platform, has announced an updated valuation of USD 15 billion following a USD 71 million investment. “This latest valuation affirms Canva as one of the fastest-growing software companies in history, surpassing $500 million annualized revenue this year. The company also formally announced a suite of new features for its flagship workplace…
AutoStore, a robotics and software company, has announced that SoftBank has entered into a definitive agreement to acquire 40% of AutoStore from funds affiliated with Thomas H. Lee Partners, L.P. and EQT Private Equity, among other shareholders. THL will continue to be AutoStore’s majority shareholder and THL, SoftBank and EQT will each have representatives on…
Vuram, a Software company, is looking to add 400 people across profiles. The company is aiming to become an organization of 1000-member by the end of the year. As per a statement, “Hiring has started in full swing from entry-level to senior positions in India, the US, and Mexico, at the company which currently comprises more than 600 employees…
Pendo, a platform that accelerates product adoption, has announced highlights from its fiscal year, which ended January 31, 2021. “Notable milestones include substantial growth in bookings from new and existing customers, the launch of its Pendo Free product, and global expansion into the Asia-Pacific region. Demand for Pendo increased as companies plan for long-term remote…
Zensar Technologies has announced its audited consolidated financial results for its third Quarter ending December 31, 2020 of the fiscal year 2020-2021. The company reported revenue at $122.8 Mn, a decline of 2.4% QoQ in USD terms. Africa and Europe regions reported a growth of 11.6% QoQ and 6.3% QoQ respectively Ajay S. Bhutoria, Chief…
Robotic Process Automation (RPA) company, UiPath, recently announced it has closed its Series E investment round, raising $225mn at a post-money valuation of $10.2bn. The round was led by Alkeon Capital Management. Others participating include Accel, Coatue, Dragoneer, IVP, Madrona Venture Group, Sequoia Capital, Tencent, Tiger Global, Wellington, and funds and accounts advised by T.…