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Twilio to lay off 17% of its workforce in second round as tech layoffs top 100,000

Nickie Louise Posted On February 13, 2023

Twilio is laying off 17% of its workforce as tech layoffs top 100,000 in the first two months of 2023. The Cloud communications provider announced on Monday it was eliminating about 17% of its staff and closing some offices. This […]

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Summit Partners closes €1.4 billion for its Europe Growth Equity Fund IV

Nickie Louise Posted On February 13, 2023

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 […]

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Zeekr, a Geely’s EV spinoff, raises $750M in funding at a $13 billion valuation to fuel global expansion

Nickie Louise Posted On February 13, 2023

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 […]

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Top tech startup news for Friday, February 10, 2023: Acceldata, Google, Kraken, and Venom Blockchain

Nickie Louise Posted On February 10, 2023

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, […]

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Acceldata raises $50M to help companies solve complex data challenges via its data observability platform

Nickie Louise Posted On February 10, 2023

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 […]

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Crypto exchange Kraken to shutter its U.S. staking operation; settles with SEC for $30 million for selling unregistered securities

Nickie Louise Posted On February 10, 2023

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 […]

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GitLab to cut 7% of its workforce, or about 130 workers, as tech layoffs near 100,000

Nickie Louise Posted On February 9, 2023

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 […]

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Opera browser is planning to incorporate ChatGPT as AI war heats up

Nickie Louise Posted On February 9, 2023

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 […]

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Earth & Beyond Ventures launches fund with $125M in initial funding to invest in Israeli space tech startups

Nickie Louise Posted On February 9, 2023

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 […]

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Top tech startup news for Wednesday, February 8, 2023: Affirm, CarIQ, Disney, Entropik, Google, and Fierce

Nickie Louise Posted On February 8, 2023

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 […]

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Layoff / Startup Spotlight / Technology News

GoDaddy to lay off 8% of its workforce, or about 530 employees amid global economic slowdown

Nickie Louise Posted On February 8, 2023

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 […]

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CarIQ raises $15M in Series B funding to enable fleets to pay for goods without a credit card

Nickie Louise Posted On February 8, 2023

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 […]

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Climate startup The Degrees Initiative raises around $1M from Facebook co-founder Moskovitz, others to fund research into cooling the Earth with sunlight reflection

Nickie Louise Posted On February 8, 2023

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 […]

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Fintech startup Fierce launches out of stealth with $10M in funding to help users earn high-yield returns on their financial assets

Nickie Louise Posted On February 8, 2023

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 […]

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You may soon be able to order food directly from your TikTok app

Nickie Louise Posted On February 8, 2023

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 […]

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USDOT Announces $1.7 Million in Available Funding for Small Business Innovation Research Program

Nickie Louise Posted On February 8, 2023

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 […]

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Alibaba says it is developing its own ChatGPT AI tool as tech companies vie for a share of the booming generative AI market

Nickie Louise Posted On February 8, 2023

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 […]

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Top tech startup news for Tuesday, February 7, 2023: Breef, Coinbase, eBay, Microsoft, MindsDB, and Wisor

Nickie Louise Posted On February 7, 2023

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 […]

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Zoom to lay off 15% of its workforce, or about 1,300 employees as its stock fell from peak of $559 to $85

Nickie Louise Posted On February 7, 2023

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 […]

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Launch / Startup Spotlight / Technology News

Microsoft unveils new AI-powered Bing search engine that you can chat with; a challenge to Google

Nickie Louise Posted On February 7, 2023

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 […]

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