Faith-based AI company Gloo faces moment of truth after $438M in losses

Faith-based AI company Gloo faces moment of truth after $438M in losses

(RNS) — Serial entrepreneur Scott Beck believes he has a mission to help churches and Christian ministries spread God's work and help others. After years of financial losses, he believes his investment in building a faith-based tech company will soon pay off.

Gloo stock plummets after public offering priced

Gloo Holdings Inc. (Nasdaq: GLOO), a company that provides artificial intelligence and technology platforms for faith-based organizations, saw its stock price lose nearly a quarter of its value Thursday after the Boulder firm released pricing information about an upcoming public offering.