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Providing emergency and security services to employees, Base Operations raises $1M

In 2017, when a destructive earthquake struck Puebla, Mexico, sending shock waves to Mexico City and destroying buildings in the nation’s megalopolis and its surrounding suburbs, both public and private emergency services sprung into action.

For multinational corporations operating in the city it was a test of their internal support services, which were established to meet the “duty of care” requirements that multinationals have to their foreign employees. That’s a minimum threshold which companies must meet to ensure the safety of their employees.

After the Mexico City earthquake, at least one Fortune 500 insurance company found its services lacking. It took two weeks for the company to contact all of its employees and account for everyone.

So the company turned to a new Washington-based startup called Base Operations to see if they could do a better job.

Founded by a former security and risk management consultant, Cory Siskind, Base Operations uses a suite of hosted software services and mobile applications to provide security updates to corporate customers and their employees.

The insurance company tested Base Operations’ check-in feature to see how it would perform in a simulated natural disaster and Siskind said that Base Operations had identified the location of 80% of the company’s workforce in less than two days. More than half of the company’s employees checked in within the first 24 hours.

Base Operations offers a dashboard for corporate customers to monitor their employees’ locations and for staff traveling abroad, the company has an app that provides geo-tagged alerts on potential risks based on an individual’s location.

“This is a compliance situation for companies… They have to do it,” says Siskind. “We work with a company’s chief security officers and travel security. If you send people off into an emerging market with a risk PDF… It’s not dynamic information and it just sits in a report and nobody reads it.”

Companies with a sales or marketing team traveling around need to have some sort of tool to meet their compliance regulations and duty of care standards, says Siskind.

“We have a whole set of features that nudge towards safer behaviors so that you don’t end up getting mugged and so that you don’t end up in a situation that would be damaging to you,” she says. 

Siskind recently raised $1 million for Base Operations from investors including Glasswing Ventures, Spiro Ventures, the Latin American early-stage investment firm Magma Partners and Good Growth Capital. Base Operations graduated from Techstars Impact Accelerator in 2018.

The money from the company’s most recent round will be used to expand the company’s sales and marketing efforts and continue its research and development.

So far, the company has three customers, including the undisclosed insurance provider, the energy company Enel and another, yet unnamed, corporation.

Base Operations provides its services in 15 cities, including: Mexico City, São Paulo, Rio de Janeiro, Buenos Aires, Santiago, San Juan (Puerto Rico) and San Jose (Costa Rica).

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Amazon’s ‘climate pledge’ commits to net zero carbon emissions by 2040 and 100% renewables by 2030

In Washington today, Amazon announced a series of initiatives and issued a call for companies to reduce their carbon emissions 10 years ahead of the goals set forth in the Paris Agreement as part of a sweeping effort to reduce its own environmental footprint.

“We’re done being in the middle of the herd on this issue—we’ve decided to use our size and scale to make a difference,” said Jeff Bezos, Amazon founder and chief executive, in a statement. “If a company with as much physical infrastructure as Amazon—which delivers more than 10 billion items a year—can meet the Paris Agreement 10 years early, then any company can.”

Bezos’ statement comes as employees at his own company and others across the tech industry plan for a walkout on Friday to protest inaction on climate change from their employers.

Amazon’s initiatives include an order for 100,000 delivery vehicles from Rivian, a company in which Amazon has previously invested $440 million.

Electric vans will appear on roads by 2021 and Amazon expects to have 10,000 of the new electric vehicles on the road by 2022 and 100,000 by 2030. The fleet is expected to reduce carbon emissions by 4 million metric tons per year by 2030, the company said.

In addition, Amazon said it would commit another $100 million to reforestation projects through the Right Now Climate Fund in partnership with The Nature Conservancy. That fund will invest in the protection of forests, wetlands and peatlands that now serve as carbon sinks, which remove millions of metric tons of carbon from the atmosphere.

Finally, the company said it will speed up its adoption of renewable energy with the goal of converting 80% of the company’s energy sources to renewable energy by 2024, with the goal of reaching 100% renewable energy use by 2030.

Amazon has already initiated 15 utility-scale wind and solar renewable energy projects that will generate 1.3 gigawatts of renewable capacity and deliver some 3.8 million megawatt hours of clean energy, according to the company.

All of these efforts will be backstopped by a new sustainability reporting initiative, which will be housed on a new website monitoring and tracking the company’s progress toward its sustainability goals, the company said.

These steps are part of a push from Amazon to get other companies to sign on to a global non-binding agreement to accelerate the adoption of renewable energy and the reduction of carbon emissions.

Companies that sign on to the Amazon-inspired “Climate Pledge” agree to measure and report greenhouse gas emissions regularly; implement decarbonization strategies on a timeline that matches the Paris Agreement; and neutralize remaining emissions with quantifiable and permanent offsets to achieve net zero annual carbon emissions by 2040.

“I’ve been talking with other CEOs of global companies, and I’m finding a lot of interest in joining the pledge. Large companies signing The Climate Pledge will send an important signal to the market that it’s time to invest in the products and services the signatories will need to meet their commitments,” Bezos said in a statement.

The initiative is backed by international political luminaries like Christiana Figueres, the former climate change chief and founding partner of Amazon’s collaborator on The Climate Pledge, Global Optimism.

“Bold steps by big companies will make a huge difference in the development of new technologies and industries to support a low carbon economy,” said Figueres, in a statement. “With this step, Amazon also helps many other companies to accelerate their own decarbonization. If Amazon can set ambitious goals like this and make significant changes at their scale, we think many more companies should be able to do the same and will accept the challenge. We are excited to have others join.”

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Amazon orders 100K electric delivery trucks from Rivian as part of going carbon-neutral by 2040

Amazon will be stepping up its efforts to reduce its climate impact, CEO Jeff Bezos announced on Thursday. The company will be ordering 100,000 electric delivery trucks from Michigan’s Rivian as part of this commitment, Bezos said. The commerce giant will seek to meet its goal of becoming carbon-neutral by 2040 — 10 years earlier than is outlined by the United Nations Paris Agreement.

Bezos said at a National Press Club event in Washington where he made the announcement that the updated timeline is due to the increase in climate change, which has been more aggressive than even some of the more serious predictions had anticipated five years ago when the Paris agreement was reached.

Amazon’s overarching efforts to make the company carbon-neutral are bundled under a plan the company is calling the “Climate Pledge,” which will be open to other companies as well. In addition to efforts like the Rivian order for emission-free delivery vehicles, Amazon also will be seeking to reduce its footprint through other means, including solar energy and carbon offsets.

Rivian noted that this was the largest order to date of any electric delivery vehicles, and that they’d begin actually deploying for Amazon starting in 2021. Amazon led a $700 million investment round in Rivian in February, and the company announced a further $350 million from auto industry giant Cox Automotive earlier this month. Automaker Ford revealed a $500 million investment in Rivian in April, too.

Rivian also has plans to build and ship consumer vehicles, including the all-electric pickup truck and SUV it revealed late last year, which it aims to begin delivering to customers in 2020.

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UK-based women’s networking and private club, AllBright, raises $18.8 million as it expands into the US

AllBright, the London-based women’s membership club backed by private real estate investment firm Cain International, has raised $18.8 million to expand into the U.S.

The company’s new round was led by Cain International and was designed to take AllBright into three U.S. locations — Los Angeles, New York and Washington, DC.

The company said that the new facilities would be opening in the coming months.

Coupled with the launch of a new networking application called AllBright Connect and the company’s AllBright Magazine, the women’s networking organization is on a full-on media blitz.

Other investors in the round include Allan Leighton, who serves as the company’s non-executive chairman; Gail Mandel, who acquired Love Home Swap (a company founded by AllBright’s co-founder Debbie Wosskow); Stephanie Daily Smith, a former finance director to Hillary Clinton; and Darren Throop, the founder, president and chief executive of Entertainment One.

A spokesperson for the company said that the new financing would value the company at roughly $100 million.

The club’s current members include actors, members of the House of Lords and other fancy pants, high-falutin folks from the worlds of politics, business and entertainment.

The club’s first American location will be in West Hollywood, and is slated to open in September 2019. The largest club, in Mayfair, has five floors and boasts more than 12,000 square feet and features rooftop terraces, a dedicated space for coaching and mentoring, a small restaurant and a bar.

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CFIUS Cometh: What this obscure agency does and why it matters to your fund or startup

Evan J. Zimmerman
Contributor

Evan J. Zimmerman is an entrepreneur, investor, and writer. He is the Chairman of Jovono and Chairman of the Clinton Health Access Initiative technology council. He is a partner and director in Mighty Mug/Mighty Products, Inc, and chairman of Brush Up Club, an innovative oral health company.

On January 12, 2016, Grindr announced it had sold a 60% controlling stake in the company to Beijing Kunlun Tech, a Chinese gaming firm, valuing the company at $155 million. Champagne bottles were surely popped at the small-ish firm.

Though not at a unicorn-level valuation, the 9-figure exit was still respectable and signaled a bright future for the gay hookup app. Indeed, two years later, Kunlun bought the rest of the firm at more than double the valuation and was planning a public offering for Grindr.

On March 27, 2019, it all fell apart. Kunlun was putting Grindr up for sale instead.

What went wrong? It wasn’t that Grindr’s business ground to a halt. By all accounts, its business seems to actually be growing. The problem was that Kunlun owning Grindr was viewed as a threat to national security. Consequently, CFIUS, or the Committee for Foreign Investment in the United States, stepped in to block the transaction.

So what changed? CFIUS was expanded by FIRRMA, or the Foreign Risk Review Modernization Act, in late 2018, which gave it massive new power and scale. Unlike before, FIRRMA gave CFIUS a technology focus. So now CFIUS isn’t just an American problem—it’s an American tech problem. And in the coming years, it will transform venture capital, Chinese involvement in US tech, and maybe even startups as we know it.

Here’s a closer look at how it all fits together.

What is CFIUS?

Image via Getty Images / Busà Photography

CFIUS is the most important agency you’ve never heard of, and until recently it wasn’t even more than a committee. In essence, CFIUS has the ability to stop foreign entities, called “covered entities,” from acquiring companies when it could adversely affect national security—a “covered transaction.”

Once a filing is made, CFIUS investigates the transaction and both parties, which can take over a month in its first pass. From there, the company and CFIUS enter a negotiation to see if they can resolve any issues.

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Uber for 911 transport is a horrible idea

Paramedics taking patient on stretcher from ambulance to hospital The Washington D.C. Fire and EMS Department is considering a plan to use Uber to transport low priority 911 callers, according to NBC Washington. It’s a horrible idea.
Washington’s plan is to hire a team of nurses who could evaluate a caller’s condition over the phone and direct them to an Uber if they are deemed stable. Already this is odd given that the purpose of an… Read More

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