Tonal, which makes a smart home strength training workout system, raises $250M Series E at a $1.6B valuation; Tonal's sales rose 800% from Dec. 2019-Dec. 2020 (JP Mangalindan/TechCrunch)

JP Mangalindan / TechCrunch:
Tonal, which makes a smart home strength training workout system, raises $250M Series E at a $1.6B valuation; Tonal's sales rose 800% from Dec. 2019-Dec. 2020  —  When the pandemic unfolded last year, demand for at-home fitness equipment skyrocketed, and Tonal was no exception.



from Techmeme https://ift.tt/39u3xkU

Comments

Post a Comment

Popular posts from this blog

This Week in Apps: Facebook’s other Clubhouse rival, Apple details ATT, App Store trial nears

Image
Welcome back to This Week in Apps,  the weekly TechCrunch series  that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry is as hot as ever, with a record  218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also  spent  3.5 trillion minutes using apps on Android devices alone. And in the U.S., app usage surged ahead of the time spent watching live TV. Currently, the average American watches 3.7 hours of live TV per day, but now spends four hours per day on their mobile devices. Apps aren’t just a way to pass idle hours — they’re also a big business. In 2019, mobile-first companies had a  combined $544 billion valuation, 6.5x higher than those without a mobile focus. In 2020, investors poured $73 billion in capital into mobile companies — a figure that’s up 27% year-over-year. This Week in Apps will soon be a newsletter! Sign up here: techcrunch.com/news...
Read more

A look at the Sodinokibi ransomware, which quickly gained a reputation among cybercriminals since its discovery, and recently hit 20+ local Texas governments (Ionut Ilascu/BleepingComputer)

Image
Ionut Ilascu / BleepingComputer : A look at the Sodinokibi ransomware, which quickly gained a reputation among cybercriminals since its discovery, and recently hit 20+ local Texas governments   —  Relatively new on the ransomware scene, Sodinokibi has already made impressive profits for its administrators and affiliates … from Techmeme https://ift.tt/2PNW60z
Read more