In today’s top news, self-driving truck startup TuSimple landed $1.35 billion in an initial public offering (IPO), while Signifyd raised $205 million via a Series E funding round. Plus, Delta Air Lines began generating $4 million daily in cash in the month of March.
TuSimple, the California self-driving truck technology upstart, notched $1.35 billion in an IPO. The firm sold 33.8 million shares of Class A common stock for $40 per share under the TSP ticker symbol on the Nasdaq.
Signifyd, the online commerce fraud protection platform, landed $205 million through a Series E funding round. The firm will harness the infusion to grow its “identity-centric” commerce protection service.
Delta Air Lines said on Thursday (April 15) that cash burn averaged $11 million daily in the March quarter. However, the airline started generating $4 million daily in cash in the month of March.
The workplace is reopening, albeit slowly. Uber, Microsoft and Facebook have all started slowly opening their physical workspaces again — in a very limited capacity and on a very voluntary basis.
Customers have used digital tools for daily banking tasks for a long time at this point, but a number of them are now harnessing digital platforms to control more complicated financial needs like investments.
However, scammers are following consumers’ lead. As a result, financial players have to make sure they have strong digital authentication technologies implemented to keep them out. PYMNTS explores how Stash is deploying automated technologies within its onboarding and identity verification workflows.
The market is beginning to see the differences in crypto clients and treat them accordingly, as BitPay CEO Stephen Pair recently told PYMNTS. He noted that the casual crypto user might not understand that the present volatility is the basic economic function of supply and demand.
Domino’s is launching its inaugural pizza-delivery bots in collaboration in Nuro, by using the latter firm’s “completely autonomous, occupantless on-road delivery vehicle,” according to a press release.