Pulse Labs went through the original Alexa Accelerator and raised their initial $120,000 through that experience. Now, the tech company has raised $2.5 million as they continue their mission to make voice assistants across the board.
Abhishek Suthan is the CEO of Pulse Labs. Suthan joins Cheddar to explain how the tech company is bringing a unique and genuine voice experience to various voice assistant apps.
Pulse Labs works closely with brands because companies have realized that having a "voice strategy" is an important move for the future. Over the past month, Pulse Labs has helped over 20 brands launch on the Amazon Alexa app.
When asked how much it costs for a brand to have a voice strategy, Suthan says that the average is around a couple hundred thousand dollars.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
