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Investment and advisory firm Pendulum, which funds and consults with businesses founded by people of color and has high-profile clients, including former President Barack Obama, is getting a new infusion of capital from Merchant bank BDT & Co. BDT specializes in providing advice and long-term capital through its affiliated funds to help the family- and founder-led businesses pursue their strategic and financial objectives.  Husband and wife duo Robbie and D’Rita Robinson serve as chief executive and chief operating officer of the firm, which is reported to be staffed by people

South African educational technology (edtech) startup FoondaMate has secured $2 million seed funding in a round led by LocalGlobe, a UK-based venture capital firm, to drive uptake of its WhatsApp and Facebook-based learning chatbot across the globe. How does it work? Foondamate helps students with their revision by giving them immediate answers to questions and access to revision papers, while also guiding them in responses to questions. It aims to level the playing field in education by empowering the 345 million+ students who currently have limited access to internet-enabled education

Cayaba Care, a maternity health startup, has announced the closing of a $12 million Series A round that will work to expand the company’s footprint within underserved populations. The funding will be used to increase staff, launch in additional markets, and further invest in technology solutions that will increase access to much-needed holistic maternity services. Seae Ventures and Kapor Capital led the Series A round and new investors include Wellington Partners, Citi Impact Fund and Rhia Ventures. Founded in 2020 with a mission to improve community outcomes by reimagining how maternity and pediatric care is delivered, Cayaba

Honeycomb is hiring on pocitjobs.com Alayshia Knighten is a seasoned DevOps Engineer with a love of infrastructure and a focus on breaking down technical learning barriers for customers. She recently spoke to POCIT about navigating life in the tech sector as a woman of color and her role at Honeycomb, an observability tool that lets developers quickly make sense of the billions of rows of data needed to fully represent the user experience in your complex and unpredictable systems.  Since joining Honeycomb as a Senior Implementation Engineer in October 2020,

“Anyone can make music on their PC now,” laments DJ Sumbody of Ayepyep, Ngwana Daddy and Monate Mpolaye fame. “You don’t have to go to the studio. You get a program, you do beats. If they can master it, it’s a track, it’s out there. It’s simple now.” While preceding genres and music movements have taken advantage of the ready availability of software that can be purchased or digitally cracked to mimic a physical studio, amapiano has been the most radical departure from established and entrenched ways of making, marketing,

In February, Prestige magazine published a list of the top-selling pieces of crypto-art to date, with all entries sharing some common traits – they were all men and all white. And when you look into the news reports of those who’re supposedly ‘killing it’ in the NFT or crypto space most of them look the same. But here at POCIT – we’re all about shining a light on the communities that are sometimes cast to the side and forgotten even when they’re making a considerable impact. Before we begin – for

TW: The following report may be triggering as it details updates on the main suspect of the Buffalo attack. The self-described white supremacist gunman who killed 10 people, all of them Black, at a Buffalo supermarket on Saturday had mounted a GoPro camera to his helmet. He planned to stream his assault live on Twitch, the video game streaming platform used by another shooter in 2019 who killed two people at a synagogue in Halle, Germany. Like others before him, Payton Gendron, 18, the main suspect behind the Buffalo attack, previously outlined his plan

There’s a billboard in Detroit promoting The Lip Bar, a business Melissa Butler launched 10 years ago: “Shark Tank told me to quit. 10 years and 2 million units sold. Thanks, Mr. Wonderful.” That moment on the show when “Mr. Wonderful,” whose real name is Kevin O’Leary, and other investors harshly rejected Butler’s products didn’t stop her because she knew the investors were not the customers she was targeting. She has previously told media that she knew her customer base and she was determined to press forward.  The Lip Bar celebrated its 10th year of operation with

Labor leader and fired Amazon worker Chris Smalls, who recently revealed that workers at dozens of Amazon facilities have contacted him because they need support, said he was disheartened by Jeff Bezos’s inaction. On The Breakfast Club this morning, Smalls, who has garnered widespread support from celebrities and workers after he was let go by the firm, spoke about the conditions Amazon workers worked in during the Covid pandemic. He claimed that when he worked as a supervisor for the firm – his team didn’t have any PPE or cleaning

Timnit Gebru, a widely respected leader in AI ethics research, is known for co-authoring a groundbreaking paper that showed facial recognition to be less accurate at identifying women and people of color, which means its use can end up discriminating against them. Gebru, who recently founded her own firm, an independent artificial intelligence research institute, was awarded $3.7 million in funding after she was fired by Google. And now she’s been cited as a case study by Harvard Business School’s research team in a new paper that details her experiences being ‘silenced’ by

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