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Sheryl Sandberg to leave Facebook parent Meta; Coralogix, MoEngage, Slice raise funding One Thing Today in Tech
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- Technology
Sheryl Sandberg said in a post yesterday that she is stepping down from her role as Chief Operating Officer at Meta, formerly known as Facebook, after 14 years at the company. Javier Olivan, the company’s chief growth officer, will take over as COO. Sandberg will remain on Meta’s board of directors. And some startups continue to find funding amid the current slowdown.
Notes:
Sheryl Sandberg said in a post yesterday that she is stepping down from her role as Chief Operating Officer at Meta, formerly known as Facebook, 14 years after she joined the company as a startup that she helped turn into one of the biggest tech companies in the world, which at one point was valued at over $1 trillion.
Javier Olivan, the company’s chief growth officer, will take over as COO around September. Sandberg will continue to serve on Meta’s board of directors, according to her post.
Coralogix, which offers a streaming analytics solution for data observability, has raised a $142 million Series D funding round, bringing the Israeli startup’s total funding to $238 million, the company said in a press release. Coralogix will use the money to expand its operations, including in India and APAC.
Additionally, the funds will also be used to accelerate the build-out and go-to-market of Snowbit, its recently announced cybersecurity venture being built out of India and Israel.
MoEngage, a customer engagement platform provider, has raised $77 million in Series E funding led by Goldman Sachs Asset Management and B Capital, with participation from the company’s existing investors.
This is Goldman Sachs Asset Management’s first investment in an Indian SaaS company, MoEngage said in a press release. This is the third round of funding raised by the company in the last 12 months, with $32.5 million in July and $30 million in December 2021.
The company will use the money to expand its operations overseas and for acquisitions.
Slice, a credit card and payments tech startup has raised $50 million as part of its larger series C round led by Tiger Global, along with participation from its existing investors, Moore Strategic Ventures and Insight Partners, and a new investor, GMO VenturePartners.
Slice will use the money to expand its new UPI product. The company expects its main credit business to become profitable in the coming months.
BetterPlace, a tech platform for frontline workforce management, has acquired OkayGo, an on-demand blue-collar gig workforce management platform for enterprises, for an undisclosed amount. This acquisition aims to reduce the cost of hiring blue-collared workers for enterprises by 15-20 percent by providing them with a pool of pre-skilled and pre-verified workers ready to be deployed for short-term tasks.
Udayy, an edtech startup has shut its business as demand for its online classes fell following schools opening up in India, Economic Times reports. The Gurugram company, founded in 2019, was offering its products to children from kindergarten to class eight. The company told Economic Times that all its 120 or so employees had been offered severance packages and most had been placed elsewhere.
Theme music courtesy Free Music & Sounds:
https://soundcloud.com/freemusicandsounds
Sheryl Sandberg said in a post yesterday that she is stepping down from her role as Chief Operating Officer at Meta, formerly known as Facebook, after 14 years at the company. Javier Olivan, the company’s chief growth officer, will take over as COO. Sandberg will remain on Meta’s board of directors. And some startups continue to find funding amid the current slowdown.
Notes:
Sheryl Sandberg said in a post yesterday that she is stepping down from her role as Chief Operating Officer at Meta, formerly known as Facebook, 14 years after she joined the company as a startup that she helped turn into one of the biggest tech companies in the world, which at one point was valued at over $1 trillion.
Javier Olivan, the company’s chief growth officer, will take over as COO around September. Sandberg will continue to serve on Meta’s board of directors, according to her post.
Coralogix, which offers a streaming analytics solution for data observability, has raised a $142 million Series D funding round, bringing the Israeli startup’s total funding to $238 million, the company said in a press release. Coralogix will use the money to expand its operations, including in India and APAC.
Additionally, the funds will also be used to accelerate the build-out and go-to-market of Snowbit, its recently announced cybersecurity venture being built out of India and Israel.
MoEngage, a customer engagement platform provider, has raised $77 million in Series E funding led by Goldman Sachs Asset Management and B Capital, with participation from the company’s existing investors.
This is Goldman Sachs Asset Management’s first investment in an Indian SaaS company, MoEngage said in a press release. This is the third round of funding raised by the company in the last 12 months, with $32.5 million in July and $30 million in December 2021.
The company will use the money to expand its operations overseas and for acquisitions.
Slice, a credit card and payments tech startup has raised $50 million as part of its larger series C round led by Tiger Global, along with participation from its existing investors, Moore Strategic Ventures and Insight Partners, and a new investor, GMO VenturePartners.
Slice will use the money to expand its new UPI product. The company expects its main credit business to become profitable in the coming months.
BetterPlace, a tech platform for frontline workforce management, has acquired OkayGo, an on-demand blue-collar gig workforce management platform for enterprises, for an undisclosed amount. This acquisition aims to reduce the cost of hiring blue-collared workers for enterprises by 15-20 percent by providing them with a pool of pre-skilled and pre-verified workers ready to be deployed for short-term tasks.
Udayy, an edtech startup has shut its business as demand for its online classes fell following schools opening up in India, Economic Times reports. The Gurugram company, founded in 2019, was offering its products to children from kindergarten to class eight. The company told Economic Times that all its 120 or so employees had been offered severance packages and most had been placed elsewhere.
Theme music courtesy Free Music & Sounds:
https://soundcloud.com/freemusicandsounds
4 min