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The Small Business Administration has allowed business owners and nonprofit organizations to submit applications for low-interest loans until Dec. 31 to help them manage financial challenges brought on by the COVID-19 pandemic.
MoreScience Applications International Corporation (SAIC) has announced second quarter fiscal year 2021 results, which ended July 31, the company reported on Thursday. SAIC has estimated the second quarter impact from the COVID-19 pandemic to be approximately $65 million of revenue, $8 million of adjusted EBITDA and an immaterial net impact to free cash flow, primarily driven by reduced volume in the company's supply chain business.Â
MoreEspressive, a Santa Clara, Calif.-based artificial intelligence software developer, has raised $30M in a round of Series B financing led by Insight Partners and supported by Wing Venture Capital and General Catalyst. Espressive said Wednesday it will use the investment to advance growth initiatives and product innovation and address its client base’s demands.
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