Ambition raises $2 million
Chattanooga-based Ambition has raised more than $2 million in capital from a handful of high-profile investors.
The company, which created a motivational sales platform that operates like fantasy football for sales people, raised the funds after graduating from Y Combinator, the prestigious tech startup incubator.
The fledgling company’s new partners include the creator of Gmail, Paul Buchheit, and Alexis Ohanian, co-founder of Reddit. Additionally, Google Ventures, SV Angel, Redpoint Ventures, Highline Venture Partners and several other firms and individuals also are involved.
The company expects to have 20 employees by the end of the summer and was founded in 2013.
UPS names new CEO
UPS announced Chief Operating Officer David Abney will rise to the position of chief executive officer.