Digital transformation — upgrading a company’s legacy apps and processes with new tech — has long been a buzzy and lucrative business. But the pandemic supercharged the market. Covid pandemic lockdowns and the widespread move to work-from-home spurred brands relying on old technology to modernize their organizations. According to Statista, worldwide spending on digital transformation […]
Boeing bleeds another $125M on Starliner program, bringing total losses to $1.6B
Boeing has lost another $ 125 million on its Starliner astronaut capsule program due to delays in its first crewed flight test, which was supposed to last just eight days — and has now been on orbit for almost two months. The aerospace giant has lost $ 1.6 billion on Starliner, including the $ 125 […]
Semperis, a specialist in Active Directory security now worth more than $1B, raises $125M
Active Directory – the Microsoft directory service for connecting users with network resources – is used by more than 90% of all Fortune 1000 companies and many more besides. So it’s no surprise that it’s a giant target for malicious hackers. That also means a lot of attention for security companies that are building tools […]
After hits like Reddit and Scopley, Collaborative Fund easily raised a $125M fund to tackle climate, health and food
The folks at Collaborative Fund certainly like a challenge. They don’t specialize in venture capital’s favorite business model, SaaS, preferring instead to invest in sectors like climate, health and food. What’s more, they like companies that focus on consumers, whose fickle attitudes can add another layer of complexity to any business plan. Oh, and they […]