0 Shares EmailFacebookTwitterLinkedInWeWork laid out a five-year plan on Tuesday, including goals to be free cash flow positive by 2022 and have $1 billion of free cash flow by 2024.

In 2021, it’s aiming to be adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) positive, and in 2022 WeWork’s goal is to be free cash flow positive.

Put simply, free cash flow means a company is “generating more cash than is used to run the business and reinvest to grow the business,” according to Investopedia.

When WeWork filed its S-1 document with the Securities and Exchange Commission, it was clear the company was burning cash.

Looking ahead, WeWork is also aiming for 1 million memberships in 2023, and having $1 billion of free cash flow in 2024. | To read full story, visit https://startuparound.com/read/1581453007.1622813/WeWork-Aims-To-Be-Free-Cash-Flow-Positive-By-2022?ref=audio_experience

Stay on top of the latest wealth management trends at the Future of Fintech's wealth tech stage.

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Start your free trial today EmailThis year’s Future of Fintech (June 14-16, SF) will have a stage dedicated solely to the future of wealth tech.

Our speakers will dive into the trends and technologies revolutionizing the wealth tech industry, ranging from fractional stock trading, robo-advising, social trading platforms, and more.

This year’s Future of Fintech will feature:4 stages (beyond the Future of Wealth Tech stage, we’ll also have stages focused on the Future of Fintech (banking and payments), the Future of Insurtech, and the world’s top fintech startups)125+ speakers2,500+ attendees5,000+ 1:1 networking meetings1 expo tent featuring 100 of the top fintech solution providersThe best news is that you’ll be able to move freely between the stages and networking areas to create your own agenda. | To read full story, visit https://startuparound.com/read/1581451206.9764302/The-Future-Of-Wealth-2020:-Speakers,-Topics,-And-More?ref=audio_experience

Tuesday marked the official grand opening of the Autonomous Vehicle Research & Intelligence Laboratory (AVRIL), a facility located on the University of Waterloo’s campus.

Construction on the AVRIL research facility began in late 2018, with financial support from both federal and provincial governments.

The University of Waterloo’s campus offers an opportune location for the autonomous vehicle research facility.

Blackberry has long been supporting the Ottawa community, which launched the Ottawa L5 Connected and Autonomous Vehicle Test Facilities in May.

The 16-kilometre track and facilities are a testing ground for autonomous vehicle technologies, having been called the first its kind in North America. | To read full story, visit https://startuparound.com/read/1581449406.0125391/University-of-Waterloo-holds-grand-opening-of-autonomous-vehicle-research-facility?ref=audio_experience

Clearly, the cybersecurity market is booming.

Recent data suggests that cybersecurity investing could reach $250 billion by 2023, and spending rose in 2019 more than any other industry.

A number of cybersecurity companies are firmly in the club of private companies worth $1 billion or more.

These unicorns represent some of the best talent, technologies and offerings in cybersecurity, but the club is getting crowded.

Now that CrowdStrike and Cloudflare have graduated to the public market, there are a number of cybersecurity companies that could make the leap. | To read full story, visit https://startuparound.com/read/1581447607.1945393/Meet-5-cybersecurity-unicorns-that-could-IPO-in-2020-–-TechCrunch?ref=audio_experience

Texas beat out tech hubs like California and New York as the best state to start a business.

Here's why entrepreneurs should consider making a move to the state. | To read full story, visit https://startuparound.com/read/1581445805.9068558/Would-you-trust-them-with-your-baby?-How-to-engineer-a-startup-culture-that-scales?ref=audio_experience

The 2019 Cybersecurity Workforce study produced by nonprofit (ISC)² looked at the cybersecurity workforce in 11 markets.

Just as it’s relatively easy to carry out large-scale cyberattacks through imitation and automation, Shape Security uses automation to detect such attacks.

“AI and automation are more about scalability, as opposed to plugging specific skills gaps,” BlackBerry CTO Charles Eagan told VentureBeat.

With bad actors scaling their attacks through automation, companies need to adopt a similar approach.

“We will always need automation and more cybersecurity professionals creating that automation. | To read full story, visit https://startuparound.com/read/1581444006.4237306/AI,-automation,-and-the-cybersecurity-skills-gap?ref=audio_experience

Docugami, a Seattle, WA-area based document engineering startup, secured a $10m seed funding.

The company intends to use the funds to continue to expand operations and its business reach.

Unlike other companies that require expensive and time-consuming machine learning on massive sets of big data, Docugami focuses on the “small data” that is unique to each company.

Its solutions do not require customers to implement expensive new systems or change their business processes.

Instead, they are designed to work seamlessly with customers’ existing systems such as Google Docs or Microsoft Office 365. | To read full story, visit https://startuparound.com/read/1581442206.908187/Docugami-Raises-$10M-in-Seed-Funding?ref=audio_experience

Stilla Technologies, a Paris, France-based provider of digital PCR (dPCR) solutions for high-precision genetic analysis, raised €20m ($22m) in Series B funding.

The round was led by TUS-Holdings, with participation from existing investors Illumina Ventures, Kurma Partners, LBO France, Paris Saclay Seed Funds, BNP Paribas Développement and Idinvest Partners.

In conjunction with the funding, Daniel Wang, Head of TUS’ European subsidiary, joined Stilla as a new member of the board.

The company will use the funds to boost the development of its solution, which will feature high analytical performance including 6-color detection capabilities.

The company launched the first generation of the Naica™ System in 2016 and generated first revenues in 2017. | To read full story, visit https://startuparound.com/read/1581440409.1126547/Stilla-Technologies-Raises-€20M-in-Series-B-Funding?ref=audio_experience

Paytm has now launched something called MyStore, which will enable people sitting at home to be sell items online.

MyStore will let users set up their online stores, pick items from Paytm’s inventory, and then share these links with their friends and family.

Meesho targets housewives and students, and lets them set up their online stores.

These people then share the links of their stores online, and get people to buy their products.

It seemed like a good fit for Paytm — Paytm is already used for many transactions, and it would make sense for shopkeepers to also record them in the same app. | To read full story, visit https://startuparound.com/read/1581438607.089074/Paytm-Launches-MyStore,-Will-Enable-Everyday-People-To-Set-Up-Online-Stores-And-Sell-Products?ref=audio_experience

Enter the IOTA Foundation, a Berlin-based open source distributed ledger technology (DLT) project, which has hooked up with the Eclipse Foundation to bring IOTA DLT to the enterprise via the Tangle EE project.

For starters the foundation is working with the Eclipse Foundation to bring corporate entities on board who can help better define the requirements of the large business user.

“The main reason why we created Tangle EE was because of the discussions that we’ve had with corporations.

Much like the Linux Foundation, the Eclipse Foundation will provide a governance framework for the project.

If it gains traction, more companies will join in the coming months and years, and begin building out Tangle EE, while developing applications based on the protocol. | To read full story, visit https://startuparound.com/read/1581436806.6206467/Tangle-EE-project-joins-Eclipse-Foundation-to-bring-distributed-ledger-apps-to-enterprise-–-TechCrunch?ref=audio_experience