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Tag Archives: services

Plex now supports podcasts

Since its inception, Plex has been busy integrating multiple services into its media streaming software. Previous updates delivered curated news and virtual reality movies, but today the company is ready to welcome Plex Podcasts. The audio-centered f...

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SocialChorus raises $12.5M for its internal communications platform

While organisations dedicate large budgets into marketing their services to the outside world, there’s also been a rising demand among companies to communicate their purposes to a more immediate audience: themselves. SocialChorus, a startup that has built a platform to help organizations coordinate and communicate better with their employees, is announcing today that it has raised $12.5 million, funding that it will be using to expand its business (namely in EMEA with a new office in London) at a time when the company is already seeing a lot of growth. SocialChorus says that recurring revenues are up 120 percent this year, with the company’s customer list including more than 100 of the world’s largest companies, including USAA, Phillips 66, Cargill, Sound Physicians, American Cancer Society, Kohler Co., Lendlease, Lloyds Bank, Discover Financial Services, TD Bank, PG&E, Lincoln Financial Group and PVH Corp. “As digital transformation, employee engagement, employee experience trends converge, we believe that SocialChorus is well positioned to serve the needs of large global enterprises,” said Gary Nakamura, CEO of SocialChorus, in an emailed interview. It’s not yet profitable. The round was led by Arrowroot Capital and Kohlberg Ventures, with participation from Western Technology Investment (a prolific firm that has backed Facebook, General Assembly, Climate Corp, and many others ), and the company is not disclosing its valuation. The raise is to give the company runway for the next 12 to 18 months. “Our $12.5M capital raise was all that was needed to fuel our growth trajectory and achieve optimal operating fundamentals,” Nakamura said. The company has raised around $37 million to date, according to figures from PitchBook . The funding comes at a time when platforms like  Slack, Workplace from Facebook and Microsoft Teams are getting a lot of attention for how they improve communication among staff, especially workforces that might be spread across far-flung geographies.

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