Seismic, the industry-leading sales enablement and marketing orchestration platform provider, announced it has raised $92 million in Series F round of funding led by a company backed by the Permira funds. Additional new strategic investors include Ameriprise Financial and EDBI. Existing investors participating in the round include Jackson Square Ventures, Lightspeed Venture Partners, and T.…
Rivian, an automotive technology startup that develops products and services to advance the shift to sustainable mobility, announced that it has raised an additional $2.5 billion in funding from accounts advised by investment firm T Rowe Price. Other investors that took part in the current investment include Soros Fund Management, Coatue, Fidelity Management and Research,…
The death of an unarmed black man George Floyd in police custody in Minneapolis, U.S last month has once again sparked a debate on how racial discrimination still prevails in our society. The death of Floyd has started a row of protests across the United States and people have now taken to the streets demanding…
Investment management company T. Rowe Price and its Foundation recently announced a $2mn commitment to organizations working to fight racial injustice. The donation is a continuation of the firm’s commitment to racial equity, which became a stronger focus following the 2015 Baltimore unrest resulting from the death of Freddie Gray, said the company The Foundation…
Vijay Shekhar Sharma, Founder, and CEO of Indian digital payment giant PayTM recently announced that his company expects to turn profitable after two years as it is monetizing the existing customer base and eyes financial services as its next major frontier for growth. As per an interview with The Press Trust of India, Sharma said…
Rivian, an American automaker, and automotive technology company has closed an investment round of $1.3 billion. The financing was led by funds and accounts advised by T. Rowe Price Associates Inc., Amazon, Ford Motor Company and funds managed by BlackRock also participated in the round. The company was founded by Robert “RJ” Scaringe in 2009.…
One97 Communications Limited (OCL), parent company of Paytm, has secured latest funding of nearly 660 Million from its existing investors T Rowe Price, Alipay, SoftBank and others. Earlier in November, Paytm had raised fresh equity funds amounting to $1 billion led by T Rowe Price, with participation from existing investors – Ant Financial and SoftBank…