In a tough market for startups, we’re hearing more about unicorns shutting down than new ones joining the herd. But a female-founded company joined the ranks of the unicorns this week with an unusual business: school buses. Zum, founded and led by CEO Ritu Narayan, raised a $140 million Series E round, with a new valuation of $1.3 billion. The startup relies on AI to “optimize routes.” Narayan says Zum reduced the number of school buses in San Francisco from 236 to 193 and reduced commute time for students. ON MY RADARHow Barstool Sports' CEO built a $250 million media company FortuneStudents reported her for a lesson on race.

Source: Forbes February 03, 2024 08:21 UTC