Lightspeed

Lightspeed Payments deploys to hospitality merchants across five European markets

Retrieved on: 
Tuesday, August 3, 2021
Payment systems, Money, Finance, E-commerce software, Lightspeed, Mobile payments, Contactless payment

Lightspeed Payments is currently available to retail businesses in Canada and the United States as well as hospitality merchants in the United States.

Key Points: 
  • Lightspeed Payments is currently available to retail businesses in Canada and the United States as well as hospitality merchants in the United States.
  • The expansion of Lightspeed's integrated financial services offerings to these new markets is a milestone for Lightspeed as non-North American markets comprise over 40% of Lightspeed's global customer locations.
  • Lightspeed Payments provides independent hospitality businesses critical tools such as mobile and contactless payments, allowing them to process payments faster and manage their businesses from a single platform.
  • In a constantly shifting hospitality market that has become increasingly digital and consumer-driven, integrated payments provides an advantage for successful restaurateurs.

Cyber Insurance Startup At-Bay Closes $185 Million Series D, Valuing Company at $1.35 Billion

Retrieved on: 
Tuesday, July 27, 2021
Software, Insurance, Finance, Banking, Data management, Professional services, Technology, Security, Insurance, Cyber insurance, Internet security, Underwriting, At-Bay, Icon Ventures, Lightspeed, AT-BAY, ICON VENTURES, LIGHTSPEED

At-Bay , the insurance company for the digital age, today announced the closing of a $185 million Series D financing.

Key Points: 
  • At-Bay , the insurance company for the digital age, today announced the closing of a $185 million Series D financing.
  • (Photo: Business Wire)
    As the cyber insurance industry adapts to ransomware losses, At-Bay's cyber security expertise has unlocked unprecedented growth, while minimizing losses to less than half of the industry average.
  • The Series D marks the companys third round in the past 18 months and brings its overall funding to $272 million.
  • As a Managing General Underwriter (MGU), At-Bay underwrites insurance policies through HSB Specialty Insurance Company, rated A++ by A.M. Best Company and part of Munich Re.

In a Market Where Cash is King, LightSpeed Lending Delivers Fast Access to Capital

Retrieved on: 
Tuesday, July 27, 2021
Lightspeed, E-commerce, Companies, Business

A recent article in Housing Wire doesn't pull any punches: "Cash buyers are scooping up homes like mad," blared the headline.

Key Points: 
  • A recent article in Housing Wire doesn't pull any punches: "Cash buyers are scooping up homes like mad," blared the headline.
  • West Palm Beach tops the list: 52.6 percent of the metro area's home sales in 2021 have been in cash.
  • LightSpeed Lending caters to real estate investors seeking residential and commercial loans with lightning speed: only 7-10 business days.
  • "If you want to act fast, we're your go-to solution," says LightSpeed founder and president Andrew Weissman.

Lightspeed's T3 Flexmike Wins Platinum K-12 New Product Award from Spaces4Learning

Retrieved on: 
Tuesday, July 20, 2021
E-commerce software, Lightspeed, Education, K12, E-commerce, Companies

TUALATIN, Ore., July 20, 2021 /PRNewswire-PRWeb/ -- Lightspeed , a leading provider of powerful instructional audio solutions, announces that the company's T3 Flexmike won a Platinum K12 2021 New Product Award from Spaces4Learning.

Key Points: 
  • TUALATIN, Ore., July 20, 2021 /PRNewswire-PRWeb/ -- Lightspeed , a leading provider of powerful instructional audio solutions, announces that the company's T3 Flexmike won a Platinum K12 2021 New Product Award from Spaces4Learning.
  • Spaces4Learning's New Product Award program honors the outstanding product development achievements of manufacturers and suppliers whose products or services are particularly noteworthy in their ability to enhance the learning environment.
  • The T3 Flexmike is an easy-to-use wireless student microphone.
  • "It's a huge honor to be recognized by Spaces4Learning and judges from the K12 industry," said David Solomon, CEO of Lightspeed.

New Lightspeed study sheds light on impact of COVID-19 on LGBTQ+ businesses in North America

Retrieved on: 
Monday, July 12, 2021
Montreal, Gay village, Gay Village, Montreal, Lightspeed, E-commerce

"Lightspeed was founded in 2005, in Montreal's gay village and its original members were all part of the LGBTQ+ community.

Key Points: 
  • "Lightspeed was founded in 2005, in Montreal's gay village and its original members were all part of the LGBTQ+ community.
  • "Both in the US and in Canada, majority-owned LGBTQ+ businesses generate trillions of dollars of contributions to the total GDP.
  • To assess whether there has been a disproportionately negative or positive impact from the pandemic on LGBTQ+ businesses and entrepreneurs.
  • This exploratory study focused on businesses in six North American cities: Toronto, Montreal, Vancouver, San Francisco, New York and Los Angeles.

Verisk LightSpeed Accelerator Added to Guidewire Marketplace Enabling Personal Auto Insurers to Transform Customer Experiences

Retrieved on: 
Monday, June 28, 2021
Actuarial science, Verisk Analytics, Finance, Money, Underwriting, Data analysis, Predictive analytics, Lightspeed

Verisk (Nasdaq:VRSK), a leading global data analytics provider, and Guidewire, the platform Property/casualty insurers trust to engage, innovate, and grow efficiently, have added LightSpeed Personal Auto to the Ready for Guidewire-validated accelerators available from Verisk in the Guidewire Marketplace.

Key Points: 
  • Verisk (Nasdaq:VRSK), a leading global data analytics provider, and Guidewire, the platform Property/casualty insurers trust to engage, innovate, and grow efficiently, have added LightSpeed Personal Auto to the Ready for Guidewire-validated accelerators available from Verisk in the Guidewire Marketplace.
  • LightSpeed Personal Auto combines Verisks extensive data resources and groundbreaking predictive analytics, bringing key decision points further forward in the insurance underwriting workflow.
  • Verisk is a Premier member of the Guidewire PartnerConnect Solution program, and Guidewire is a member of Verisk Strategic Alliances.
  • The LightSpeed Personal Auto Accelerator is one of 14 accelerators available now in the Guidewire Marketplace .

Ascent360 Introduces Lightspeed Integration for Retailers to Leverage the Power of POS and E-commerce Data

Retrieved on: 
Thursday, June 24, 2021
Retailing, Economy, E-commerce, Distribution marketing), Marketing, Omnichannel, Supply chain management, Domain driven data mining, Lightspeed, Online shopping

The power of these combined solutions will allow retailers to ingest critical customer data, segment customers, and send personalized omnichannel messages that help engage and retain shoppers.

Key Points: 
  • The power of these combined solutions will allow retailers to ingest critical customer data, segment customers, and send personalized omnichannel messages that help engage and retain shoppers.
  • With each Lightspeed POS or e-commerce transaction, powerful data is collected that is not being fully leveraged and lacks actionable insights for marketing efforts.
  • Scott Buelter, CEO at Ascent360, shared how critical this integration will be for retailers and how it will help take their data to a whole new level.
  • "The power of combined solutions retailers will experience with this integration is incomparable," he said.

Lightspeed Microscopy, Inc. raises $4M in Series A Financing Round with Plans to Revolutionize Pathology

Retrieved on: 
Tuesday, June 15, 2021
Application software, Biology, Life sciences, Biomedical engineering, E-commerce software, Lightspeed, Pathology, Applied Spectral Imaging

SEATTLE, June 15, 2021 /PRNewswire/ -- Lightspeed Microscopy, Inc., an end-to-end 3D pathology platform, announced today it has raised $4 million in a Series A financing round.

Key Points: 
  • SEATTLE, June 15, 2021 /PRNewswire/ -- Lightspeed Microscopy, Inc., an end-to-end 3D pathology platform, announced today it has raised $4 million in a Series A financing round.
  • The round was led by Dynamk Capital and is expected to close with participation from additional investors by mid-July.
  • The platform is a complete solution that includes tissue labelling, tissue clearing, high-throughput imaging, cloud-based processing, and 3D digital analysis.
  • "By integrating multiple distinct disciplines, Lightspeed is positioned to both accelerate pathology in existing workflows and unlock entirely new insights by greatly increasing access and ease of 3D pathology.

Utica National Accelerates Digital Transformation with Small Commercial Data and Analytics from Verisk

Retrieved on: 
Monday, June 14, 2021
Articles, Actuarial science, Verisk Analytics, Economy, Business, Underwriting, Insurance, Lightspeed, Analytics, Utica, Tunisia

Utica National is using LightSpeed Small Commercial from Verisk to help automate underwriting, improve customer and agent experiences, and ultimately reach the finish line in the race to zero questions needed on small commercial insurance applications.

Key Points: 
  • Utica National is using LightSpeed Small Commercial from Verisk to help automate underwriting, improve customer and agent experiences, and ultimately reach the finish line in the race to zero questions needed on small commercial insurance applications.
  • When Utica National decided to expand its relationship with Verisk earlier this year, the insurer took much more than robust data analysis into account.
  • With LightSpeed Small Commercial, Utica National can leverage robust business data and advanced property analytics to help improve classification, uncover exposures, and evaluate risks associated with the health of a business.
  • Theyve continually invested in data and evolved as technology has changed, said Tracey Waller, Verisk Director of Small Commercial Underwriting.

Eightfold AI Raises $220M Series E Funding Round Led by SoftBank Vision Fund 2

Retrieved on: 
Thursday, June 10, 2021
Companies, E-commerce software, Lightspeed, SoftBank Group, Business, E-commerce

MOUNTAIN VIEW, Calif., June 10, 2021 /PRNewswire/ -- Eightfold AI today announced that it has raised a $220M Series E funding round.

Key Points: 
  • MOUNTAIN VIEW, Calif., June 10, 2021 /PRNewswire/ -- Eightfold AI today announced that it has raised a $220M Series E funding round.
  • This Series E funding round is led by SoftBank Vision Fund 2* and also includes investors from previous rounds, including General Catalyst, Capital One Ventures, Foundation Capital, IVP and Lightspeed Venture Partners.
  • Total funding raised to date by Eightfold AI is more than $410M, with more than $350M coming in the last several months.
  • Since the announcement of Eightfold AI's Series D funding round in October of 2020, the valuation of the organization has more than doubled.