Top tech startup news for today, Tuesday, February 11, 2020: Google, EquityBee, DocSynk
Good morning! Below are the top tech startups news for today, Tuesday, February 11, 2020.
Google’s HR head to step down amid tension among employees. Google human resources chief Eileen Naughton is stepping down from her role amid growing tensions between employees and management. Naughton, who has held various roles at the company since 2006, announced she will step down later this year and will move into another position. Naughton has been Vice President of Google’s People Operations since 2016. Under her tenure, employees have protested many moves at the company, including the handling of executives accused of sexual misconduct and plans to provide AI technology to the U.S. Defense Department.
Australia-based SpeeDx raises additional $15M Series B funding to accelerate global expansion and further U.S. clinical trial activities. SpeeDx, a Sydney, Australia-based startup and the developer of innovative clinical diagnostics to support improved patient outcomes, has raised $15 million in additional series B equity investment from U.S.-based Northpond Ventures. This investment comes with a company value uptick of 21.22%. Founded in 2009 by Alison Todd, SpeeDx is a provider of innovative multiplex qPCR and isothermal amplification solutions for clinical diagnostics. SpeeDx has developed a molecular diagnostics test portfolio, principally for infectious diseases, that provides both identification as well as therapeutic guidance capabilities.
EquityBee Raises $6.6M For Launching Employee Stock Options Funding Solution in the US. EquityBee, a tech startup that provides employees stock options funding solution today announced its U.S. launch along with $6.6 million in new funding. The round was led by Group11, with participation from Battery Ventures and LocalGlobe. In the past year EquityBee enabled hundreds of Israeli startup employees to exercise their stock options, and now it will leverage its experience and vast Investor Community to support the U.S. market. Founded by Oren Barzilai, CEO, Oded Golan, CPO, and Mody Radashkovich, COO. Barzilai and Golan are serial entrepreneurs and childhood friends. Barzilai founded Tapingo which was acquired by GrubHub in 2018 for $150 million. EquityBee raised $8.3M to date, from leading VCs including Group11, Battery Ventures, LocalGlobe , as well as CEOs and entrepreneurs.
DocSynk raises additional funding for its virtual intelligent assistant for healthcare industry. DocSynk, a Dallas-based healthcare AI startup, announced today it has raised a bridge funding to further grow its Artificial Intelligence Healthcare engine platform. The total amount of investment was not disclosed. The funding came from Chicago-based PE firm Colosseum Group. DocSynk had previously raised its seed round of funding from Dallas-based Naya Ventures. Naya Ventures is reiterating its continued commitment by participating in the bridge round. Founded in 2015 by Vaidyanatha Siva, DocSynk is a virtual intelligent assistant for healthcare that uses machine learning to automate population health analysis, and improve both revenue cycle management and patient engagement.