A mobile app testing startup named HeadSpin has agreed to return up to $95 million in funding to investors, The Information reports. Apparently, “an internal review of financial irregularities
forced it to restate its financials,” it writes. “The previously unreported review follows the board’s discovery that the company was on track to post only $15 million in annual
recurring revenue by year’s end, a sliver of the $100 million in ARR it forecast in February.”
Read the whole story at The Information »
