Touchcast plans to use this fresh funding to scale its immersive virtual events platform to meet a surge in demand brought on by the pandemic. Founder and CEO Edo Segal also says the company is growing its headcount across the board, with emphasis on its sales, marketing and operations teams.
If you’re feeling bad about any big purchases you’ve made recently, this should cheer you up: A slew of companies went on a major shopping spree of their own.