Updated Feb 6, 2018

Scoop: Crisis Text Line creates Loris, a for-profit spinoff

The startup gets its name from the Loris, a sloth-like animal. (Photo: Jefta Images / Barcroft Images / Barcroft Media via Getty Images)

Crisis Text Line is using some of the insights it has gotten from millions of text messages to create Loris.ai, a for-profit venture.

The bottom line: Armed with $2 million in seed funding, Loris.ai is looking to help businesses better tackle tough conversations with employees. It also could serve as a model for other non-profits looking to use data to fund their mission.

Loris' funding was led by Floodgate, with investments from Jeff Weiner and Kapor Capital.

Unique model: Lublin says that while rare, commercial spinouts from non-profits aren't unheard of and actually represent a pretty good path to sustainability for philanthropic ventures.

This is how not-for-profits should think about sustainability. Monetize what you do well. Don't start a t-shirt line.
— Nancy Lublin CEO, Loris.ai and Crisis Text Line

Lublin said CTL is getting all of her founders' stock in Loris.ai and will be its largest shareholder. She will be CEO of both entities, though Loris.ai will have a separate board.

On the name: Lublin says the name is fitting because a Loris looks like an adorable sloth but will totally bite and kill you if it has to. And so will the cultural issues Loris.ai helps address.

Go deeper

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

Japan's economy minister outlined plans on Monday to end the nationwide state of emergency as the number of new novel coronavirus cases continues to decline to less than 50 a day, per Bloomberg. Japan has reported 16,550 cases and 820 deaths.

By the numbers: Over 5.4 million people have tested positive for the virus as of Monday, and more than 2.1 million have recovered. The U.S. has reported the most cases in the world (over 1.6 million from 13.7 million tests). The U.K. is reporting over 36,800 deaths from the coronavirus — the most fatalities outside the U.S.

Go deeper (2 min. read)ArrowUpdated 1 hour ago - Health

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of midnight ET: 5,401,701 — Total deaths: 345,060 — Total recoveries — 2,149,407 — Map.
  2. U.S.: Total confirmed cases as of midnight ET: 1,643,238 — Total deaths: 97,720 — Total recoveries: 366,736 — Total tested: 14,163,195 — Map.
  3. World: White House announces travel restrictions on Brazil, coronavirus hotspot in Southern Hemisphere — Over 100 coronavirus cases in Germany tied to single day of church services — Boris Johnson backs top aide amid reports that he broke U.K. lockdown while exhibiting symptoms.
  4. Public health: Officials are urging Americans to wear masks headed into Memorial Day weekend — Report finds "little evidence" coronavirus under control in most states — Hurricanes, wildfires, the flu could strain COVID-19 response
  5. Economy: White House economic adviser Kevin Hassett says it's possible the unemployment rate could still be in double digits by November's election — Public employees brace for layoffs.
  6. Federal government: Trump attacks a Columbia University study that suggests earlier lockdown could have saved 36,000 American lives.
  7. What should I do? Hydroxychloroquine questions answered — Traveling, asthma, dishes, disinfectants and being contagious — Masks, lending books and self-isolating — Exercise, laundry, what counts as soap — Pets, moving and personal health — Answers about the virus from Axios experts — What to know about social distancing — How to minimize your risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Updated 2 hours ago - Politics & Policy

U.S. coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios. This graphic includes "probable deaths" that New York City began reporting on April 14.

President Trump doubled down on his push to reopen schools, tweeting late Sunday: "Schools in our country should be opened ASAP."

Zoom in: Trump pushed back on NIAD Director Anthony Fauci cautioning against the move earlier this month, calling his concerns "not an acceptable answer."

Go deeper (2 min. read)ArrowUpdated 2 hours ago - Health