Santa Monica-based scooter-sharing service Bird is said to be valued at $1 billion as part of a new $150 million funding raise, Bloomberg reports. The scooter company has been mired in controversy of late and fighting to compete with rivals for market share.
An former Snap engineer’s goodbye letter criticizing the company as unwelcoming to women and minorities highlights a diversity problem for the company, according to tech news outlet Cheddar. The company’s senior management positions are male-dominated and women make up less than 13 percent of technology roles, according to the report. With morale low, Chief Executive Evan Spiegel is said to be putting in more facetime with employees.
Hollywood-based Surkus Inc., an online platform that helps business and brands target a particular audience, has raised $10 million as part of a new Series B round, according to SoCal Tech. The round included investment from Capital Union Investments and EOS Global.