Veho

The company said the layoffs are part of a “reorganization of our corporate team to improve efficiencies and accelerate our path to profitability.”

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This latest round gives the company $300 million in total funding raised in the past two years and a $1.5 billion valuation.

Veho’s technology matches package delivery demand with qualified driver partners and lets customers know the actual time of delivery and even communicates when the driver is headed their way.