AI Daily Roundup starts today! We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in Artificial Intelligence, Machine Learning, Robotic Process Automation, Fintech, and human-system interactions. We will cover the role of AI Daily Roundup and its application in various industries and daily lives.
Buy Now, Pay Later Travel Leader Uplift Raises $68 Million in Credit Financing to Support Rapid Growth in Anticipation of 2021 Travel Industry Rebound
Uplift, the leading enterprise Buy Now, Pay Later (BNPL) solution serving over 100 of the world’s top travel brands, announced they have secured a new $68 million credit line from Atalaya Capital Management. Uplift is among a class of prominent Buy Now, Pay Later companies that are experiencing rapid growth to meet consumer demand. To date, Uplift has raised a total of approximately $695 million since its founding in 2014.
IRIS Software Group Acquires Cloud Payroll Application, Staffology
IRIS Software Group (IRIS), one of the UK’s largest software companies, is announcing it has acquired Staffology, a UK cloud payroll application. Founded in 2018 by Duane Jackson, Staffology is cloud payroll software built on a comprehensive, open Application Programming Interface (API), enabling integration with other products. Staffology complements the IRIS goal to revolutionize cloud-based payroll, and help customers take advantage of superior automation tools that streamline processes and integrate with other applications, freeing time and energy to focus on more strategic activity.
Glia Raises $78 Million in Series C Funding Led by Insight Partners as Demand for Digital Customer Service Accelerates
Glia, a leading provider of Digital Customer Service, announced that it has raised $78 million in Series C funding, bringing Glia’s total fundraising to $107 million. This round was led by existing investor Insight Partners and Glia was advised in the transaction by Cooley LLP. Glia grew by more than 150% in 2020 as the pandemic forced businesses to reimagine how they guide and connect with customers in a digital world.
StackPath Expands Edge Footprint In Latin America
StackPath, a leading edge-cloud platform, announced new edge locations in Buenos Aires, Argentina; Santiago, Chile; Bogota, Colombia; and Lima, Peru; giving developers and enterprises with latency-sensitive workloads closer proximity to even more end users. With the additions announced today, StackPath’s global footprint totals 50+ edge locations, strategically located in 35 of the most populated markets in the world across five continents.
Lacework Closes a $525 Million Growth Round to Scale up Infrastructure Security for the Cloud Generation
Lacework, the security platform for the cloud generation, announced a $525 million growth round with a valuation of over $1 billion. Led by Sutter Hill Ventures and Altimeter Capital, and joined by D1 Capital Partners, Coatue, Dragoneer Investment Group, Liberty Global Ventures, Snowflake Ventures and Tiger Global Management, the round reflects Lacework’s accelerated adoption among digital businesses building on Amazon Web Services (AWS), Microsoft Azure, Google Cloud, and Kubernetes.
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