Sports software firm Teamworks notches over $1 billion valuation in latest funding round
June 17 (Reuters) - Sports software maker Teamworks said on Tuesday it was valued at over $1 billion in its latest funding round, which was led by California-based Dragoneer Investment Group, an existing investor.
The Durham, North Carolina-based company raised $235 million in its latest funding round, the company added.
Founded in 2004, Teamworks provides sport-specific predictive models and metrics to more than 6,500 sports teams globally.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
39 minutes ago
- Reuters
Bank of Canada governing council is concerned inflation could persist for longer
By Promit Mukherjee OTTAWA, June 17 (Reuters) - Members of the Bank of Canada governing council were concerned that underlying inflationary pressures led by trade disruption and uncertainty could persist for a long time, minutes of the meeting showed on Tuesday. The central bank held its key benchmark rate at 2.75% on June 4, citing the need to monitor the impact of U.S. tariffs on Canada and on rest of the world and how businesses and consumers adapted to it. Its summary of deliberations showed the members took into consideration the unexpected firmness in inflation data to take its rates decision and that the team spent considerable amount of time probing how trade policy was influencing prices. "Underlying inflationary pressures could persist for an extended period as consumers and businesses adapt to the rewiring of global trade," the minutes said, even as the members acknowledged there could be downward pressure on prices too. Businesses have been reporting that they would pass on higher costs stemming from trade disruptions, the members noted, adding that surveys showed that even consumers see prices rising. Canada's annual inflation rate fell to 1.7% in April due to some tax removal, but closely tracked core measures of inflation rose above the bank's target range of 1% to 3% in the same month, stoking concerns that inflation was firming up. The governing council excluding impact of taxes, inflation was 2.3%, which was slightly above expectations. The fall in the rate of inflation to below 2% had helped the BoC to cut interest rates aggressively by 225 basis points since June last year, but the uncertainty and subsequent tariffs imposed by President Donald Trump has disrupted the bank's predictions. "Members agreed that cost increases from trade disruptions may be playing a role in inflation in goods prices, but the direct impact from retaliatory tariffs was not yet evident," the summary said. The rate-setting team acknowledged that the pass-through of higher input costs to consumer prices would be difficult to track going forward. The governing council will closely track how inflationary pressures are evolving and carefully assess the timing and strength of the downward pressure on inflation from a weaker economy and the upward pressure on inflation from higher costs, the members agreed. The deliberations said if the recent firmness in underlying inflation were to persist, it would be more difficult to cut the policy rate. However, if the economy weakens and cost pressures are contained, there could be a need to cut rates in the future. (Reporting by Promit Mukherjee, editing by Dale Smith) ((Reuters Ottawa bureau; opens new tab)) Keywords: CANADA CENBANK/
Reuters
2 hours ago
- Reuters
Waymo expands robotaxi services into more parts of San Francisco Bay Area
June 17 (Reuters) - Waymo will expand into more areas of the San Francisco peninsula and parts of Silicon Valley, as the sole commercial robotaxi operator in the U.S. seeks to scale up operations, the Alphabet (GOOGL.O), opens new tab unit said on Tuesday. The self-driving technology firm had received approval from California last month to expand operations, just as Tesla (TSLA.O), opens new tab prepares to launch its paid robotaxi service in Austin, Texas. Starting Tuesday, Waymo is expanding its autonomous ride-hailing service to new areas across the peninsula, including Brisbane, South San Francisco, San Bruno, Millbrae and Burlingame. In the Silicon Valley, Waymo is expanding into more parts of Palo Alto and Menlo Park. It will also expand into more parts of Los Angeles starting Wednesday, including Playa del Rey, Ladera Heights, Echo Park, Silver Lake, and the full stretch of Sunset Boulevard, the Alphabet unit said. While the company has received approval to expand into San Jose, it has not yet revealed plans to launch the service in the city. Waymo is the only U.S. firm to run robotaxi services with paying passengers. It has more than 1,500 vehicles, running over 250,000 rides a week across San Francisco and Los Angeles in California, Phoenix in Arizona and Austin in Texas.
Business News Wales
2 hours ago
- Business News Wales
Gamlins Law Directors Complete Mount Toubkal Charity Challenge
Gamlins Law's Dafydd Roberts and Ron Davison Two directors at North Wales' largest law firm have raised funds for charity after successfully climbing North Africa's highest peak. Ron Davison, Managing Director of Gamlins Law, and fellow director Dafydd Roberts scaled Mount Toubkal in Morocco's Atlas Mountains in aid of the firm's nominated charity partner St Kentigern Hospice. Combined with Ron's running of the London Marathon in April, it means the pair have now raised almost £2,000 for St Asaph-based St Kentigern. Ron and Dafydd were part of a 10-strong group that took on the climb to the 4,167m (13,671 ft) peak. Last year, they climbed Mount Kilimanjaro in Tanzania raising more than £3,500 for Prostate Cancer UK and LawCare, the mental health charity for the legal sector. Dafydd said: 'The whole trip was a great experience from spending time with the local Berber community through to the final ascent itself which saw us reach the summit an hour or so after sunrise. 'We encountered lots of different weather during the trip from really warm to ice and snow as we approached the summit to torrential rain and hailstones when we were coming down the mountain. Coping with the high altitude also provided a challenge. 'Experiencing life with the Berber community, with their villages set in the mountainside, was also something we won't forget, including an evening eating with our guide's family in their home. 'It was also humbling to see how the communities are continuing to rebuild after a devastating earthquake caused so much destruction a couple of years ago. 'Either side of the climb, we were fortunate to spend time in Marrakesh including a trip into the Sahara Desert.' Snowy conditions on Mount Toubkal Dafydd added: 'We are delighted to raise further vital funds towards the work of St Kentigern Hospice. The team at the hospice made a video for us wishing us good luck and that certainly helped to spur us on. 'We've got further climbs planned in the UK for later this year and are already plotting another trip abroad, possibly to the Alps or Himalayas next year.' The hospice provides specialist palliative and end of life care to patients with life limiting illness, and support to their families across its catchment area of Denbighshire, West Flintshire, and East Conwy. Clinical services are delivered free of charge to patients and their families. The hospice, which includes a 12-bed inpatient unit, employs 95 staff, supported by a large team of volunteers. It costs over £4.4 million a year to run. Gamlins Law, which employs over 85 people, has its head office at Morfa Hall in Rhyl and further offices in Mold, Ruthin, Denbigh, Abergele and Holywell.
