VIDEO - George Arison, Shift co-CEO, joins “Closing Bell” to talk about the increase in demand for his business, which allows consumers to buy and sell cars online.
Nylas Closes $25M Series B To Drive Global Expansion Of Communication Platform
Retailers are constantly in search of new and meaningful ways to connect and engage with customers, and Nylas aims to innovate the way they do that. The San Francisco-based company helps developers build features that connect to any email, calendar and contacts provider, turning that data into a knowledge tree of who knows who, whom customers have spoken with and, based on their need, whom they should speak with next. Rather than using a system that sends out customer emails from a proxy server, where they often get caught in spam filters, emails from Nylas come directly from the mailbox of the user.
Allbirds Just Launched Cooling Underwear and Comfy Bralettes (and They’re Already Selling Out)
PEOPLE Magazine - When Allbirds entered the footwear landscape in 2014, its comfortable, eco-friendly sneakers became an instant hit (especially among Hollywood moms). While the company is best known for its shoes, Allbirds continues to push boundaries by crafting other kinds of sustainable products. Enter: The Trino Undies collection, the newest addition. It features a bralette, thong, shortie, and brief for women along with a boxer brief for men, all made from the brand’s signature Trino material. In case you’re not familiar, the fabric combines cooling, breathable eucalyptus tree fibers with soft merino wool. Allbirds introduced the material last year in its various socks styles. And with a few tweaks, they’ve developed the perfect recipe for its intimates, resulting in silky-smooth undergarments that are moisture-wicking and minimize odor.
SiriusXM Acquires Podcast Management and Analytics Platform Simplecast
SiriusXM announced today the acquisition of Simplecast, a leading podcast management platform that enables podcasters to publish, manage, and measure their content. The Simplecast solution, paired with the award-winning monetization platform of AdsWizz, the adtech subsidiary of SiriusXM, creates an end-to-end solution that enables creators to publish and generate revenue from their podcasts, all in one place. Led by Founder & CEO, Brad Smith, the Simplecast platform, with its leading content management, audience analytics, and dynamic audio toolset, MAE (Moveable Audio Engine), has attracted some of the largest and most highly respected brands and publishers including Armchair Expert with Dax Shepard, Netflix, Maximum Fun, Cloud10, QCODE, Anna Faris is Unqualified, Blue Wire, and Revision Path. The Simplecast platform is employed by a wide range of creators, from enterprise-level publishers and networks to independent niche podcasters.
Serendipity Propels Verge Genomics Into Race for Covid-19 Drug
Serendipity has driven Verge Genomics Inc. into the pursuit of a drug to combat the new coronavirus. San Francisco-based Verge’s first experimental treatment for amyotrophic lateral sclerosis, also known as ALS, has led to the realization that a drug targeting the same molecule as its ALS drug also may protect against the new virus.
Adidas and Allbirds join forces to design the world’s most sustainable shoe
Six-year-old sneaker startup Allbirds is collaborating with the 70-year-old sporting giant Adidas to design a performance sports shoe with what the brands believe will be the world’s lowest carbon footprint. The companies aren’t sharing many specific details, but we know they’re planning to combine their respective areas of expertise to create a shoe that has a carbon footprint of just 2 kg compared to the average 12.5 kg of other sneakers on the market. “Allbirds’ goal is redesigning the sneaker from the ground up,” says James Carnes, VP of brand strategy at Adidas. “Adidas’s goal is to sustainably manufacture at scale.” They hope to release a shoe in the next year.
Five Things We Recommend This Week
The entrepreneur Ben West realized that he wanted to make his own line of grills in 2015, while working as the C.E.O. of a cookstove and solar product company stationed in Kenya, where the temperate weather allows for a steady stream of barbecues. “That’s where I fell in love with cooking outdoors, with wood and charcoal,” West told me recently. Now, he is preparing to fill orders for his newly launched brand, Spark Grills. With a barrel shape inspired by midcentury modern design, the matte-finished, weather-resistant grills are available in dark gray, cream, sage and navy and are equipped with double-walled porcelain enamel shells that provide insulation and come with an attached chopping board made from bamboo. They’re also gas-free; West partnered with food and biomass scientists in Boulder, Colo., to create custom briquettes — available, for now, in hickory and apple-wood flavor
Human Interest tacks on $10M more to its Series C
The COVID-19 pandemic is making life worse for many startups, but not all. Those benefiting are often taking advantage of the market updraft to add more capital to their accounts. Robinhood, for example, saw usage of its consumer fintech product rise rapidly. Then the company raised a Series F worth $280 million at a new, higher valuation. Another startup has done something similar. Human Interest, a finservices 401(k) provider for SMBs, added $10 million to its Series C today. The company’s Series C round is now worth a total of $50 million. Glynn Capital led the Series C extension.
Companies are scrambling to figure out how to get employees back to the office safely. One of Silicon Valley's favorite healthcare startups thinks it has the solution.
Silicon Valley Based Collective Health is stepping in to help employers navigate getting back into the office. Today the company introduced Collective Go, which they called their "return to work product that combines testing and verification, contact and symptom screening and tracing in a single app."
Sequoia Capital-led $14.5M Series A Brings Vise Out Of Stealth
Portfolio management platform Vise came out of stealth mode Tuesday with $14.5 million in Series A funding and several clients with financial advisors, committed to using Vise, that represent more than $800 million in assets under management. Samir Vasavada and Runik Mehrotra founded the New York City-based startup in 2016 to automate aspects of investment management for financial advisers using artificial intelligence. Vise’s full-stack platform spans the entire lifecycle of the adviser-client relationship, including designing personalized portfolios for clients, managing portfolios and providing ongoing intelligence.
Trillions are at stake in the retirement wars, and Vise nets $14.5M from Sequoia to manage it
The retirement wars are heating up. As millions of baby boomers leave their jobs in the coming years and transition into retirement, there is a huge competition for who will manage their savings. On one hand are traditional wealth managers, firms like Edward Jones, who either employ full-time human financial advisors or empower independent contractors to help clients plan through their finances. On the other side has been the rise of “roboadvisors” like Wealthfront that use algorithms and simple financial products like ETFs to advise people at lower cost.
This eco-friendly hand sanitizer kills germs and is plastic-free
Just over a year after it launched on a mission to eliminate excess packaging and single-use plastic from personal care products, by Humankind has made a name for itself with smartly designed items such as an all-natural refillable deodorant stick, a well-reviewed bar shampoo and conditioner, and just-add-water mouthwash tablets. Now, as our reliance on single-use plastic increases in the name of COVID-19 prevention, by Humankind is stepping up with a new hand sanitizer that protects your health and takes the environment into consideration.