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Atos staves off bankruptcy, casts wider net for refinancing

CIO

But the company is out of ideas for finding new money after the collapse of plans to sell its legacy infrastructure management business to an investment fund and its big data business to Airbus. In 2023, the company made a net loss of €3.4 billion, compared to a net loss of €1 billion on revenue of €11.3 billion in 2022.

.Net 254
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Reef.ai is helping companies track and expand net revenue retention

TechCrunch

When it comes to measuring SaaS success, companies look at a number of key metrics, including annual recurring revenue (ARR) and net revenue retention (NRR). If it goes up, it means that customers are expanding their usage of the product, making it a key measurement for companies selling software as a service. Today’s $5.2

.Net 233
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COP28: How Du and Ericsson’s partnership is supporting UAE Net Zero Strategy

CIO

Ericsson and Du, from Emirates Integrated Telecommunication Company (EITC) have partnered to support the communications service provider to enhance the sustainability of its networks and accelerate their transition to Net Zero by reducing network energy consumption and carbon emissions.

.Net 242
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Salesforce plans generative AI boost for ESG reporting with Net Zero Cloud

CIO

Generative AI will soon be everywhere — including in Salesforce’s Net Zero Cloud environmental, social, and governance (ESG) reporting tool. Net Zero Cloud uses data held within the Salesforce platform to help enterprises report on their carbon footprint and manage other social and governance metrics.

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3 things CIOs must do now to accurately hit net-zero targets

CIO

Research from Accenture shows that 48% of companies say technology-enabled sustainability initiatives lead to more competitive products and enhanced customer service, and contribute to attracting top talent—all of which help drive increased revenues.

.Net 260
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Magnets and water net Magnotherm $6.9M seed round to kill hazardous refrigerants

TechCrunch

Though it’s only a seed-stage company, the startup has already shipped five display coolers to beverage giant Coca Cola, TechCrunch+ has learned, and it’s on track to build another 55 that will be rented out for events. Magnets and water net Magnotherm $6.9M To capitalize on the opportunity, Magnotherm is announcing a seed round today.

.Net 228
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Compass files S-1, reveals $3.7B in revenue on net loss of $270M

TechCrunch

The move comes just under one year after the New York-based company laid off 15% of its staff as a result of the shifting economic fortunes created by the global response to the novel coronavirus pandemic. Prior to the IPO, SoftBank’s Vision Fund holds slightly more than a one-third stake in the company.

.Net 260