After Meta COO Sheryl Sandberg, another top executive leaves the company

Sheryl Sandberg, COO of Meta, has left the company after 14 years. In yet another blow to the company, Jerome Pesenti, Meta’s VP of AI, has announced his departure. Pesenti will leave the company in mid-June after assisting it through the early stages of the AI transformation, according to the company. Pesenti has been a member of Meta for four years. Bosworth also stated that Meta’s AI technology and community will form a new cross-functional AI leadership team led by Joelle. “We are grateful for the incredible work Jerome has…

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Binance Labs closes $500 million investment fund to boost blockchain, Web3 adoption

Binance Labs, the venture capital and incubation arm of global cryptocurrency exchange Binance, has announced the establishment of a new $500 million investment fund. The new fund will invest in ideas that will broaden the applications of cryptocurrencies and boost the adoption of Web3 and blockchain technologies. As a limited partner, it is supported by worldwide institutional investors such as DST Global Partners and Breyer Capital and other prominent private equity firms, family offices, and corporations. Changpeng Zhao ‘CZ’, Founder and CEO of Binance, said: “In a Web3 environment, the…

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SaaS firm Kovai.co charts product-led growth strategy for unicorn status

Kovai.co is aiming for unicorn status as the Software as a Service (SaaS) company pursues a product-led growth strategy, according to founder and CEO Saravana Kumar. With a leaner product portfolio, Kumar said the business is working on a customer success product — one of the fastest-growing product sectors in SaaS — that will be released this year. “We see huge potential for this product. On its own, it can reach $50 million annual revenue,” he said. He estimated Kovai.co to reach unicorn status, or privately held company with a…

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