Summit Partners, a global alternative investment firm, today announced the first and final closing of its newest Europe growth equity fund. Summit Partners Europe Growth Equity Fund IV closed at its hard cap with €1.4 billion in total commitments. The […]
In April 2021, China’s auto giant Geely Automobile and its parent company Zhejiang Geely Holding Group announced the launch of a high-end Zeekr electric-vehicle brand aimed at younger buyers. Then in August of last year, Zeekr raised $500 million in […]
Good evening! It’s another light news Friday and as such, we’re going to make this very brief. Below are some of the top tech startup news stories for Friday, February 10, 2023. Google employees criticize CEO Sundar Pichai for ‘rushed, […]
We’re living in a world where almost every device is connected to the internet. According to estimates, 2.5 quintillion bytes of data are generated every day. However, making sense of even petabytes of data is a daunting task, especially for […]
After a long battle with the United States Securities and Exchange Commission (SEC), the crypto exchange Kraken agreed to pay $30 million in fines for selling unregistered securities. In addition, Kraken also agreed to shut down its U.S. staking operation […]
Massive layoffs continue to sweep across the tech industry. GitLab announced today it will lay off 7% of its employees, or about 130 positions, according to PitchBook data. Gitlab is the latest in a long list of tech companies that […]
Opera browser is planning to integrate ChatGPT into its multi-platform web browser as the AI war rages on. The news comes just two days after Microsoft and Google week announced plans to incorporate artificial intelligence chatbots into their own search […]
Earth & Beyond Ventures has launched a new early-stage venture fund with an initial funding commitment of $125 million to invest in Israeli tech startups in the emerging commercial space ecosystem. Earth & Beyond said it would invest between $500,000 […]
Good evening! Below are some of the top tech startup news stories for today, Wednesday, February 8, 2023. Disney to lay off 7,000 workers and slash $5.5 billion in costs as it unveils vast restructuring Layoff announcements continue to dominate […]
It’s another tough day in the corporate world as GoDaddy announces layoffs affecting 530 employees, citing a decline in customer demand amidst the economic slowdown. In an email addressed to GoDaddy staff today, CEO Aman Bhutani revealed the company’s plans […]
For companies with hundreds and thousands of vehicles, managing fleet expenses and payments can become a hassle and burdensome. This is in addition to the complex spending rules fleet managers have to deal with. The situation is not any better […]
Climate change is one of the biggest challenges of our times. According to estimates, losses due to weather-related events have increased nearly ten-fold over the last four decades, from a ten-year global average of $12 billion in 1980 to $119 […]
Today’s financial market is filled with a plethora of solutions. But knowing what to invest in and navigating through various investment opportunities can feel disjointed and overwhelming for the average person. That’s why one fintech startup is on a mission […]
TikTok has become a growing global phenomenon due to its ability to quickly get its users addicted to its short-form viral videos loved by millions of youths. In just a few years after its launch, TikTok now has over 1 […]
WASHINGTON — The U.S. Department of Transportation (USDOT) is now accepting proposals for funding from its Small Business Innovation Research (SBIR) program. The SBIR Program awards contracts to small businesses across the country to spur research and commercialization of innovative […]
ChatGPT continues to dominate headlines and there’s no sign of slowing down as ChatGPT mania spreads globally. Now, tech companies are looking to get a piece of the booming generative AI market, which is estimated to reach $109.37 billion by […]
Good evening! Below are some of the top tech startup news stories for today, Tuesday, February 7, 2023. eBay to lay off 500 employees or about 4% of its total workforce E-commerce giant eBay announced Tuesday it will lay off […]
Zoom, the video conferencing company that made billions amid the 2020 pandemic, announced Tuesday it plans to cut about 1,300 employees or 15% of its workforce. In a blog post on the company’s website, CEO Eric Yuan said: “We have […]
Can Microsoft unseat Google in the search engine race? As the new AI wars heat up between Microsoft and Google, it appears all the stars are lining up in Microsoft’s favor, thanks to the sudden popularity of OpenAI’s ChatGPT. This […]
Fujitsu today announced the launch of its “Fujitsu Web3 Acceleration Platform,” offering a developmental environment as well as various service APIs based on blockchain and high-performance computing technologies. Fujitsu envisions the platform as a future community for users in start-ups, […]