ByteDance, the parent company of the popular video app TikTok, is the latest in a series of companies to announce layoffs amid recession anxiety and global slowdown. ByteDance laid off hundreds of staff in December last year, according to a Tuesday report […]
Back in November, India-based startup global web3 game discovery and wallet app Glip landed $2.5 million in funding led by Hashed Emergent with participation from Beenext and existing investor Prime Venture Partners with the goal of bringing millions of gamers to web3. […]
Elon Musk’s space company SpaceX is raising $750 million in a new round of funding that values the company at $137 billion, CNBC reported late Monday. The announcement comes just three days after the SpaceX Falcon team achieved a major milestone […]
Happy New Year! It’s been a while since we last covered the top startup news of the day. We listened closely to you and overwhelmingly, a majority of you want us to resume the series. What better time to resume […]
The co-founder and Chief Technology Officer of Indian food delivery startup Zomato Gunjan Patidar has resigned, the latest in a series of top-level executive exits to leave the 12-year-old startup. Patidar’s exit comes just two months after another co-founder, Mohit Gupta, resigned from […]
2022 is finally drawing to a close. This year is probably one of the worse years we’ve seen in decades. In the last 12 months, we saw the worst inflation in 40 years, economic downturn, global uncertainties, recession, and war. […]
With just one day left in 2022, Madrid-based Wolters Kluwer is ending the year with a bang. Today, Wolters Kluwer Legal & Regulatory, the global provider of information services, legal solutions, and consulting for companies, announced it has acquired Della AI, bringing the four-year-old startup […]
The collapsed crypto exchange FTX and its former CEO Sam Bankman-Fried diverted $200 million of customer funds to make two venture capital investments, according to complaints filed by the Securities and Exchange Commission (SEC). The announcement comes just a few […]
Crypto exchange Kraken announced today it will shut down its operations in Japan in January next year as crypto winter takes a toll on the entire crypto industry. The announcement comes just a month after the Kraken laid off 1,100 employees, […]
A hacker by the name ‘Ryushi’ claimed to have the data of 400 million Twitter users and is offering it for sale unless Elon Musk pays a ransom. While security firms are still working to verify the authenticity of the data, Ryushi is […]
We’ve been covering failed startups for five years but this year is unlike any other year in our ten-year history. The past 12 months were unprecedented for tech companies, especially for tech startups. To put things in perspective, the tech industry lost […]
Money View, a fintech startup that simplifies access to credit for billions of people in India, has raised $75 million in a Series E funding round to grow its credit business, grow its team, and expand its product portfolio with new […]
The popularity of bitcoin has led to a rise in the use of fiat “on-ramp,” a service that allows for the exchange of fiat currencies like the US dollar (USD) and Euros for cryptocurrencies. For example, you could exchange USD […]
“Stop using LastPass as your password manager. Move to any other one, and please change any passwords you have on there now,” that was a dire warning from the Director of Engineering at SpotAi. LastPass, the startup that’s supposed to users’ passwords safe, […]
Binance, the world’s largest crypto exchange, has endured wild weeks in wake of the collapse of FTX. While the company was doing its best to fend off the onslaught of media reports about its digital asset holdings, Binance was still […]
Back in March, we wrote about single-sign-on cybersecurity firm Okta after the company confirmed that hundreds of its customers were hit by a data breach from the Lapsus$ hacking group. Okta, one of the leading providers of authentication services and Identity […]
While the crypto industry may be through a “historic moment” of decline and “crypto winter,” one sector that continues to experience exponential growth in mainstream adoption is decentralized finance or DeFi. Between 2020 and 2022, the DeFi space grew by a […]
While the disgraced FTX founder and former CEO Sam Bankman-Fried may likely be spending his life in prison, the question everyone was asking is where is Caroline Ellison? As we reported early this month, the former CEO of FTX’s sister company […]
Every business today is dependent on software and infrastructure to get their business off the ground and cannot launch, build or scale without the right tech stack. With global software spend expected to grow to $879 billion in 2023, these […]
Core Scientific, one of the largest publicly traded bitcoin mining companies in the U.S., is the latest casualty of the ongoing crypto winter. The company is filing for Chapter 11 bankruptcy protection today in Texas early, according to a report from CNBC, […]