Instacart and DoorDash reach sky-high valuations

What to read today: The Internet of Medical Things: In this brand new report, Business Insider Intelligence assesses the North American Internet of Medical Things (IoMT) market and explores how the IoMT opportunity for connectivity providers is evolving alongside the coronavirus pandemic, and how these players are carving out their place in the growing segment..

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June 20, 2020 Instacart and DoorDash raise funds as the pandemic highlights their value. Instacart and DoorDash are both reportedly in the process of raising funds, capitalizing on their sudden importance as the pandemic has limited consumers' ability to visit grocery stores and restaurants. Instacart is raising $225 million, boosting its valuation from $8 billion in 2018 to $13.7 billion, and DoorDash is close to raising funds at a $15 billion valuation. Both firms are gaining these new valuations at a time when they have new importance to merchants and consumers – but as the pandemic fades and businesses reopen, Instacart and DoorDash need to convince consumers to keep shopping with them and become profitable to find long-term success. Business Insider Intelligence's Daniel Keyes has the full story. BRIEFING HIGHLIGHTS Facebook drops censorship tools for Workplace Facebook drops plans to introduce censorship tools for Workplace that, speaking to the social limitations that will hamper remote work adoption. Read More → Waymo, Uber, and other AV companies join data-sharing program The US federal government's AV TEST Initiative will allow self-driving tech companies to share high-level, on-road test data. Read More → Akili's EndeavorRx, its video game treatment for ADHD, cleared by FDA Akili Interactive received FDA clearance to offer its video game-based therapy, dubbed EndeavorRx, as a prescription treatment for pediatric ADHD. Read More → Only 3 states have agreed to adopt Apple-Google contact tracing tech Apple and Google's contact tracing initiative has only been adopted by 3 states – Alabama, South Carolina, and North Dakota – since its rollout. Read More → Apple Pay is facing an antitrust investigation by The European Commission Apple Pay faces an antitrust investigation by The European Commission that could ultimately force the firm to open access to its NFC chip. Read More → Barclays is debuting a toolkit to help UK SMBs recover from the fallout of the pandemic Barclays' new Back to Business toolkit aims to help UK small businesses recover from the fallout of the coronavirus pandemic. Read More → Spotify launches first voice-activated ad as smart speakers see increased usage Spotify launched its first voice-activated ad campaign to ad-supported users in the UK this week with cosmetic brand Nars. Read More → FCC doles out $100 million to enhance telehealth services The FCC allocated $100 million in funding to over 300 healthcare providers to boost telehealth infrastructure as coronavirus outbreaks continue. Read More → Fitbit's health-tracking platform could facilitate return to work Fitbit launched Ready for Work, an enterprise health-tracking platform that monitors employee health, to facilitate a safe return to offices. Read More → Credit Sesame has acquired challenger bank Stack Credit Sesame's acquisition of Stack will fuel its ambitions for international expansion and broaden its banking product suite. Read More → RESEARCH IN FOCUS The Internet of Medical Things In this brand new report, Business Insider Intelligence assesses the North American Internet of Medical Things (IoMT) market and explores how the IoMT opportunity for connectivity providers is evolving alongside the coronavirus pandemic, and how these players are carving out their place in the growing segment. Get the full report → The Online Grocery Report The coronavirus pandemic has brought online grocery — a promising but formerly niche industry — to the fore. This report looks back at how online grocery adoption was progressing prior to the coronavirus pandemic to understand the state of the industry before the shopping method became vital to many consumers. Get the full report → The State of Virtual Care in the US In this report, Business Insider Intelligence explains how the coronavirus pandemic has fast-tracked the implementation and use of virtual care channels in the US. Get the full report → BECOME A SUBSCRIBER Did you know the Daily is just a preview of everything Business Insider Intelligence has to offer? Our Briefing subscriptions deliver analysis on the biggest trends and decisions shaping the future of a specific industry. Stay on top and subscribe today to receive: A cornerstone industry report Daily Morning newsletters Opportunities to join the conversation Get Started Today → FOLLOW US Email sent to: nguyenvu1187.love5@blogger.com Manage your email preferences  |  Unsubscribe  |  Terms of Service  |  Privacy Policy © 2020 Insider Inc. 1 Liberty Plaza, New York, NY 10006