Tag: portfolio news

[Shield in TechCrunch] Shield, a communication compliance platform for financial institutions, raises $20M

Two months ago, the Securities and Exchange Commission (SEC) said it had fined 16 Wall Street firms more than $1.1 billion for “widespread recordkeeping failures” regarding maintaining electronic communications, contravening federal securities laws. In addition, the SEC is now probing private equity firms on their employees’ use of messaging apps for work purposes, including WhatsApp, Signal and Telegram, as many of these apps have functions that support messages that disappear automatically, representing potential violations of SEC rules. Read...

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[ICON in TechCrunch] Austin-based ICON awarded $57.2 million NASA contract for lunar construction tech

ICON, a construction tech company that’s raised more than $400 million in funding, has landed a new contract from NASA to develop new systems to build on the moon and Mars. The $57.2 million contract is a continuation of a previous Small Business Innovation Research (SBIR) dual-use contract with the U.S. Air Force, which was partly funded by NASA. Read more...

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[Teampay in TechCrunch] Spend management platform Teampay expands partnership with Mastercard, raises $47M

In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA’s Ames Research Center, founded Teampay, a platform that attempts to automate the software purchasing process for companies. Hoag’s insight was that the way businesses spend money is changing, particularly as they embraced digital transformation, and that visibility into — and control over — spend was becoming increasingly important with the economy’s ups and downs. Read more...

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