Kindred AI, a six-year-old startup that sells industrial robotic arms to companies such as Gap Inc., recently quietly replaced its CEO—just as the company seemed to be gaining traction. Jim Liefer, who had been CEO of Kindred AI since early 2018, left to become president and COO of ecommerce and grocery delivery startup HDS Global this month, according to his LinkedIn profile . Meanwhile, Marin...
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Sequoia Capital China Buys Discounted Stake in Prominent E-Commerce App
Sequoia Capital China recently acquired a stake in Chinese social e-commerce app Xiaohongshu from existing investors at a discount to the company’s most recent equity financing valuation, according to three people with knowledge of the matter. Sequoia China, which is preparing to separate from Silicon Valley’s Sequoia Capital next year, bought the Xiaohongshu shares earlier this...
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