Amazon is betting big on Web3 after it leads a $20 million investment in Superplastic, an entertainment startup company that partners with well-known brands and celebrities on NFT drops. Superplastic, which was founded by the creator of Ello and Kidrobot, […]
As part of the $7.5 billion federal program to electrify the nation’s highways to cut carbon emissions, Tesla has agreed to open part of its U.S. charging network to electric vehicles (EVs) made by rivals, the Biden administration said on […]
Good evening! Below are some of the top tech startup news stories for Tuesday, February 14, 2023. Chinese chip design startup Unisoc seeks to raise $1.5 billion in private funding Unisoc Technologies, a Chinese chip design startup, is seeking to […]
Last year was not a great year for startup companies looking to go public via blank check company as the era of cheap capital suddenly came to end due to increased interest rates from the Federal Reserve. However, after many […]
Late last year, we wrote about PhonePe after the Walmart-backed Indian payment startup announced it was seeking to raise a massive $1 billion in funding. It now appears the startup did not even come close, falling short by about 50% […]
Quick Brief Powered by Modhau, Web3 fan-interactive K-pop group, tripleS, is releasing its new album, Assemble. tripleS is exploding on youtube with 650K subscribers and over 50M views overall tripleS became the first K-Pop group to directly communicate with fans […]
In the wake of US sanctions on China’s semiconductor industry, the country has stepped up its efforts to develop the domestic chip industry and become self-reliant. The Chinese government has also poured billions of dollars into research and development into […]
Via has raised $110 million in fresh funding led by 83North, with participation from new and existing investors including Exor N.V., Pitango, Janus Henderson, CF Private Equity, Planven Entrepreneur Ventures, Riverpark Ventures, and ION Crossover Partners. The round brings Via’s […]
Who said robots don’t take a break from work? That was the case with Marty, a six-foot (1.8 meters) towering robot that works at a local Giant Food store in the Lehigh Valley area of Pennsylvania. Perhaps Marty was tired […]
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 […]
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 […]