The company has discussed digital transformation for decades, and says it has taken on new meaning in recent years, especially for SMBs. The text cites the surge of vertical SaaS and “AI for” as factors.
Whoop closes a $575 million Series G round at a $10.1 billion valuation, nearly triple its previously reported $3.6 billion valuation. Led by Collaborative Fund, the round includes sovereign wealth funds, health institutions, and athlete investors; CEO Will Ahmed says the company exited last year with a $1.1 billion bookings run rate, up 103% year over year, and plans to invest in hiring, marketing, research and development, and international expansion.
Pilot Fiber, an enterprise IT startup and fiber-optic internet service provider, announces it completes $17 million in financing led by Foundry Group. Founded in 2014, the company provides office internet service and says it is 200 times faster than traditional ISPs, with a 100% uptime guarantee, proactive network monitoring and notifications, and a 15-minute response time.