Tag: worried

Tonal, the Peloton for strength training, isn’t worried about Apple’s fitness play

Tonal — a startup sometimes referred to as the Peloton of at-home strength training — has raised a fresh $110 million of funding to boost its expansion in the crowded home fitness space. And before you ask: Its CEO isn’t worried competition from Apple’s newly announced fitness service.



a woman standing in a room


© Tonal


Tonal, whose product mounts to the wall like a flat screen television and uses “digital weights” where the resistance is personalized, announced Thursday new financing for marketing initiatives and scaling its supply chain and logistics to meet demand. With the new funding, the company has raised $200 million to date and said its current valuation is more than $500 million.

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Investors in the round include L Catterton, a private equity firm which has backed a range of consumer startups, as well as the Amazon’s Alexa Fund and several athletes, including Stephen Curry of the Golden State Warriors.

The

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Here’s what Palantir’s potential investors are most worried about

  • Palantir, which has a reputation for secrecy, faced tough questions from potential investors for the first time during its investor day on Wednesday.
  • Potential investors raised questions about Palantir’s path to profitability in light of the fact that it hasn’t turned a profit in its 17 years of existence.
  • Executives were also asked about how the company, which has a large number of government contracts, will expand into the private sector.
  • Palantir defended its status as a self-described software company, fending off concerns that it primarily provides services like consulting.
  • Visit Business Insider’s homepage for more stories.

For most of its 17-year existence, data crunching firm Palantir operated in secrecy.

Now, it’s facing tough questions from potential investors as it prepares to go public — and many of them are having a hard time understanding Palantir’s business.

Palantir, which sells data-processing software to large enterprise and government clients, faced questions

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