LIP I News & More 🚀

"BioCatch, the global leader in digital fraud and money laundering detection and response powered by behavioral biometric intelligence, today announced preliminary results for its fiscal year 2023, achieving 49% annual ARR growth after closing the largest sales quarter in the company's history, on the heels of crossing the $100m ARR milestone in early November 2023...The record-breaking final fiscal quarter of 2023 completed a momentous year during which BioCatch welcomed 78 new customers and significantly expanded its relationships with existing customers, achieving 126% Net Dollar Retention. The organization's growth continues to be fueled by the rapid adoption of BioCatch Connect™️, the company's flagship product portfolio...Looking ahead, BioCatch projects growing cash flow and EBITDA profitability in fiscal year 2024." https://www.prnewswire.com/news-releases/biocatch-finishes-record-breaking-2023-with-largest-sales-quarter-in-company-history-302039897.html

"DailyPay, the leading on-demand pay company, today announced it has secured over $175 million to fuel growth. The funding is divided between $100 million of expanded secured credit facility capacity provided by Citi and over $75 million in equity financing, which valued the company at $1.75 billion on a pre-money basis...The equity financing from both existing and new investors, led by Carrick Capital Partners, will be deployed to further accelerate DailyPay's continued product innovation and to drive its expansion into adjacent categories and new markets...'DailyPay's employer-integrated on-demand pay platform is putting power back in the hands of the worker by allowing them to track, transfer, spend or save their pay as they earn it,' said Kevin Coop, Chief Executive Officer of DailyPay. 'This latest equity capital raise, from both long-time institutional investors and new financial partners, underscores DailyPay's strength and market-leading position. W...

"Workspot, the Enterprise VDI platform built for the multi-cloud and hybrid era, announced today that Siemens Energy has selected Workspot and Google Cloud to revolutionize its virtual desktop infrastructure (VDI)...Siemens Energy operates in over 90 countries and employs around 94,000 individuals worldwide. Given such a vast and diverse workforce, the company needed an efficient, scalable, and cost-effective solution to support their employees' varying VDI needs across the globe. Siemens Energy also has complex workloads that require a hybrid on-premises/remote deployment, where network latencies favor locating virtual desktop applications closer to users...The partnership between Workspot and Google Cloud provides Siemens with the tools to undertake its critical shift away from complex and burdensome legacy solutions to cloud-native and modernized VDI." https://finance.yahoo.com/news/siemens-energy-chooses-workspot-google-133000376.html

"I don’t like to cook, but I like having a fresh, hearty, home-cooked meal. Do you see the dilemma? If I ever want to have something delicious and fresh, but I don’t want to spend a long time preparing it in the kitchen after a long day of work, it seems that my only option is UberEats, where I’ll pay as much as the meal itself in delivery fees...Over the years, I’ve tried all the various meal-subscription services out there. You know, the ones that send packaged ingredients to your home on a weekly or monthly basis in a refrigerated box...The Tovala, however, is a miracle product—and I never thought I’d call any kitchenware 'miraculous,' given that I like to stay out of the kitchen as much as possible. Not only is it a machine that I can use on everything, but the brand also offer delicious meals that are easy to make. The high-tech oven and pairing app does all the work for you and then some. I absolutely swear by my Tovala, and if you’re even remotely interested in havi...