The coronavirus has forced businesses around the world to quickly adapt and explore new ways of working. We have compiled some free resources to help your business as we chart a new course forward together.
Among Europe’s startup investors, the prevailing mantra is to rapidly close any pending investment rounds and put new ones on hold. Their main focus for the time being will be managing the cash flow of existing portfolio companies, with an eye to cutting nonessential costs.
MiningLamp Technology, a Beijing-based provider of big data analytics for enterprise customers, has raised $300 million in fresh funding. Leading the financing were Singapore’s state fund, Temasek and Chinese internet giant Tencent.
Irvine, California-based Restaurant365, a provider of software for the restaurant and hospitality industry, confirmed it reduced its workforce this week. Founded in 2011, the company has raised over $127 million to date, including an $88 million Series C round closed last July.
Austin, like many other tech hubs across the world, is seeing a flurry of layoffs in its startup community amid the COVID-19 outbreak. Those cutting jobs include marketing software startup OutboundEngine, hospitality startup The Guild and Yonder, which uses artificial intelligence to help companies identify disinformation campaigns.