Heap raises $110M to automate analytics for digital experiences

Hear from CIOs, CTOs, and other C-level and senior execs on data and AI strategies at the Future of Work Summit this January 12, 2022. Learn more


Heap, a platform for digital analytics, today announced that it raised $110 million in a financing round led by Sixth Street and Goldman Sachs with participation from NewView Capital, Menlo Ventures, DTCP, Triangle Peak Partners, Alliance Bernstein Private Credit Investors, Maverick Ventures, and The Private Shares Fund. CEO Ken Fine says that the new proceeds — which bring Heap’s total raised to $205 million, valuing the company at $960 million — will be put toward hiring and product development as Heap continues to grow the size of its customer base.

The pandemic put a spotlight on web-based experiences, which quickly became one of the dominant ways that brick-and-mortar businesses reached customers during lockdowns. As companies that hadn’t previously invested in online presences

Read More

Is an All-Encompassing Mobility App Making a Comeback?

Pittsburgh has created 50 “mobility hubs,” in-person locations where all the modes can be found; residents can jet off on a Spin or Scoobi from there. The city is also piloting “universal basic mobility,” where 50 low-income residents are being given “all you can eat” access, as Ms. Ricks described it, to public transit, bike-sharing and e-scooters. Discounts for e-mopeds, car shares and car-pooling are also included.

“If people don’t need to worry about the cost of those individual services, or frankly of transportation itself — if they can remain focused on trying to reliably get to work, doctor appointments or get their kids to school on time, and they don’t have to be price sensitive — do we get better social outcomes from that?” asked Ms. Ricks.

The question also harkens back to the original dilemma: Can MaaS lure people out of their cars?

So far, the evidence of

Read More

Goldman CEO warns NYC must ‘keep itself attractive’ for business

Goldman CEO and part-time DJ David Solomon warned New York City leaders not to take the Big Apple’s reputation as a center of business for granted, saying that the city must keep its cost of living, tax rate and business incentives competitive.

“New York has to be aware that there are good choices, and it’s got to keep itself attractive,” Solomon said in comments published Tuesday that were made at a Financial Times conference.

“Incentives matter, taxes matter, cost of living matters.”

Solomon added that the most dire predictions made as the COVID-19 pandemic slammed New York City last year have proven to be wrong and that the city is “not going away.”

But, he added, it’s “also not guaranteed for any urban center that you have a permanent place in the world,” offering Detroit and its once-prominent stature as the home of auto manufacturing as one example.

The pandemic

Read More

BAT sticks to forecast as demand for tobacco alternatives rises

  • Adds 3.6 million customers for non-combustibles
  • Keeps 5% full-year revenue growth and mid-singe digit EPS view
  • Says recognises “clear value” in buyback at current valuation Shares up 1.75%

Dec 7 (Reuters) – British American Tobacco (BATS.L)said it sees 2021 as a “pivotal year” as it backed its full-year profit and sales forecasts on Tuesday buoyed by strong demand for its “new categories” products.

Its shares, down 3% this year, rose 1.75% to 2,671 pence in morning trading after the FTSE-listed company also flagged a possible share buyback.

The company said an additional 3.6 million customers used its “new categories” products – e-cigarette, tobacco heating and oral nicotine – in the year to end-September, bringing its total non-combustible user base to 17.1 million.

Register now for FREE unlimited access to reuters.com

Register

“2021 is the pivotal year in our transformation journey,” CEO Jack Bowles said in a statement, highlighting that

Read More