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Dropbox to lay off 16% of its global workforce, hire new talent to develop AI offerings

Nickie Louise Posted On April 27, 2023

Cloud storage provider Dropbox becomes the latest tech company to let go of its employees. The San Francisco, California-based Dropbox announced today its plans to reduce its global workforce by 16% as part of the cut-cutting measures caused by slowing […]

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Italian climate startup Energy Dome raises $44M to develop CO2 battery for renewable energy storage

Nickie Louise Posted On April 27, 2023

Italian climate startup Energy Dome has secured €40 million (~$44M) in Series B funding, co-led by Eni Next, the venture capital arm of Italian energy company Eni, and Neva SGR, a venture capital firm owned by European banking group Intesa […]

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Axoni raises $20 million in equity funding to build blockchain software for financial institutions

Nickie Louise Posted On April 26, 2023

Axoni, a New York-based fintech startup at the forefront of building the next generation of capital markets technology, has raised $20 million in equity financing led by EJF Ventures, with participation from Laurion Capital, Communitas Capital, and existing investors. The […]

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First Republic Bank on the verge of collapse; expected to be seized by the US government

Nickie Louise Posted On April 26, 2023

San Francisco-based First Republic Bank is expected to be seized by the US government, according to a report by Fox Business’ Charles Gasparino, citing sources from the bank. The sources told Fox that they believe that the distressed bank will eventually […]

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Cloud tech startup Relay lands $13M Series A funding to improve communication for frontline teams

Nickie Louise Posted On April 26, 2023

One of the challenges facing frontline teams is the inability to quickly and easily communicate. Today, software is the driving force behind the majority of the workforce except for 55 million frontline team members who either lack access to communication […]

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UK blocks Microsoft’s $69 billion acquisition of Activision, citing cloud gaming concerns

Nickie Louise Posted On April 26, 2023

Britain’s antitrust regulator announced on Wednesday that it would block Microsoft’s attempt to acquire the creator of “Call of Duty” Activision Blizzard for $69 billion, citing concerns about potential competition constraints in cloud gaming. The move dealt a surprise blow […]

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Top tech startup news for Tuesday, April 25, 2023: Binance, Coinbase, Rapid, SendBird, Spotify, and Temu

Nickie Louise Posted On April 25, 2023

Good evening! Below are some of the top tech startup news stories for Tuesday, April 25, 2023. RapidAPI, an Israeli tech startup valued at $1 billion a year ago, is laying off 50% of its workforce Rapid API, a […]

848 Views

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Coinbase sues the SEC just a week after it threatened to leave the US market

Nickie Louise Posted On April 25, 2023

Last week, crypto exchange Coinbase said it may leave the US market if the regulatory uncertainty surrounding digital currencies continues. CEO Brian Armstrong told the audience at Fintech Week in London. The exchange has been in a legal tussle with the […]

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E-commerce platform startup Temu expands to Europe, following a successful U.S. launch

Nickie Louise Posted On April 25, 2023

Last summer, we wrote about Pinduoduo after China’s discount e-commerce giant announced the launch of a new U.S. shopping site called Temu as part of its push to make inroads into the overseas market and challenge Amazon. Temu is a cross-border […]

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Spotify passes 500 million monthly active users for the first time

Nickie Louise Posted On April 25, 2023

Spotify reached a new milestone, crossing more than 500 million monthly active listeners. Spotify reported on Wednesday that its audio streaming service is being used by over 515 million people every month, which is more than half a billion users. […]

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Top tech startup news for Monday, April 24, 2023: Apple, Epic Games, OpenAI, Sonet.io, and Stack Identity

Nickie Louise Posted On April 24, 2023

Good evening! Below are some of the top tech startup news stories for Monday, April 24, 2023. OpenAI has applied for “GPT” trademark with USPTO OpenAI, the creator of the popular chatbot ChatGPT, has applied for the “GPT” trademark […]

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Appeals court sided with Apple over its App Store rules in a lawsuit against Epic Games

Nickie Louise Posted On April 24, 2023

Apple declares ‘resounding victory’ on Monday after an appeals court mostly sided with the iPhone maker over its App Store rules in a lawsuit with Epic Games. The verdict signals that Apple’s authority over the App Store and the fees […]

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Sonet.io emerges from stealth with $6 million in seed funding to onboard remote workers

Nickie Louise Posted On April 24, 2023

Remote work has seen a surge in popularity since the covid lockdown in 2020. This has led to more companies adopting a hybrid or fully remote work approach. Despite its advantages, remote work poses some challenges as employees collaborate in distributed […]

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Stack Identity emerges from stealth with $4M in funding to solve ‘shadow access’ problem and prevent cloud data breaches

Nickie Louise Posted On April 24, 2023

Cloud data breaches are on the rise. According to the 2023 Thales Data Threat Report, 48% of IT professionals reported an increase in ransomware attacks while 22% of organizations have fallen victim to such an attack in the last year. […]

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Russia’s largest bank Sberbank launches ChatGPT rival called GigaChat

Nickie Louise Posted On April 24, 2023

Russia’s largest bank Sberbank has jumped into the AI race with the launch of a new chatbot to take on OpenAI’s ChatGPT. Sberbank announced on Monday it had released a rival AI chatbot called GigaChat is currently initially in an […]

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Cybersecurity startup Circle Security emerges from stealth with the launch of the first decentralized threat prevention platform

Nickie Louise Posted On April 24, 2023

Credential phishing, a type of cyber attack where the attacker poses as a trustworthy entity, was the most common type of social engineering attack and represents 36% of all breaches, according to the 2021 Verizon Data Breach Investigations Report. The […]

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U.S. SEC’s Climate Disclosure Rule May Be Unveiled Any Day from Now

Nickie Louise Posted On April 22, 2023

The U.S. Securities and Exchange Commission (SEC) climate disclosure rule is expected to take effect any time from now. However, it has yet to be made clear when it will be unveiled, as some believe it might get delayed until […]

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Google Bard AI can now help you to write and debug software code

Nickie Louise Posted On April 21, 2023

In February, Google unveiled its chatbot AI called Google Bard as part of its effort to challenge the Microsoft ChatGPT-powered Bing search engine. Although the launch got off on a rocky start, it appears that Bard is on the way […]

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Sustainable home startup Enter raises €19.4M in Series A funding to help people decarbonize their homes

Nickie Louise Posted On April 21, 2023

Home energy usage accounts for about 21% of total U.S. energy consumption, according to data from the US Department of Energy. However, most homes in the United States are energy vampires, with US homes consuming more energy than their other […]

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Top tech startup news for Thursday, April 20, 2023: Accredify, Alphabet, BuzzFeed, Tawal, and Whole Foods

Nickie Louise Posted On April 20, 2023

Good evening! Below are some of the top tech startup news stories for Thursday, April 20, 2023. Amazon-owned Whole Foods plans to lay off several hundred corporate employees Whole Foods becomes the latest to join the layoff train. The […]

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