Nickie Louise - Tech Startups

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Apple cuts 100 jobs in digital services as tech layoffs reach 134,000 in 2024

Nickie Louise Posted On August 28, 2024

Apple has cut around 100 jobs in its digital services group, primarily impacting the team behind its Apple Books app and Bookstore, according to Bloomberg News. The layoffs, which include some engineering positions, also affect other service teams, including the […]

1.4K Views

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Enterprise data startup Cribl raises $319 million in Series E funding at $3.5 billion valuation

Nickie Louise Posted On August 27, 2024

Data infrastructure startup Cribl has secured $319 million in growth funding to growth funding to transform the enterprise data market. The funding is a significant amount in today’s challenging fundraising environment, especially for a company not solely focused on AI. […]

982 Views

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HR startup Tilt raises $15 million in Series B funding to expand technology footprint

Nickie Louise Posted On August 27, 2024

HR startup Tilt has secured $15 million in Series B funding to further develop its platform that streamlines the leave process for companies and their employees. The funding round was led by Bramalea Partners, with participation from HearstLab, Firework Ventures, Origin […]

965 Views

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ConvertKit rebrands to Kit to ‘build the operating system for the creator economy’

Nickie Louise Posted On August 26, 2024

ConvertKit, the creator marketing platform launched 11 years ago by Nathan Barry, has officially rebranded to Kit. Today, ConvertKit announced it is rebranding to Kit to equip and empower creators with the sustainable growth tools they need to thrive in […]

1.2K Views

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Meta taps clean energy startup Sage Geosystems to power its data centers with geothermal energy

Nickie Louise Posted On August 26, 2024

Facebook’s parent company Meta Platforms has struck a deal to purchase up to 150 MW of geothermal energy from clean energy startup Sage Geosystems for its data centers. The move is part of Meta’s effort to enhance infrastructure to support […]

2.1K Views

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Boeing ‘humiliated’ as upstart rival SpaceX steps in to rescue stranded NASA astronauts stuck in space

Nickie Louise Posted On August 26, 2024

NASA’s decision to bring back two astronauts from the International Space Station aboard a SpaceX vehicle has left Boeing employees feeling humiliated. The astronauts, who initially traveled to the ISS in June on Boeing’s troubled Starliner capsule, will now return […]

2.2K Views

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Defense startup Ares Industries emerges from stealth with funding led by Y Combinator

Nickie Louise Posted On August 26, 2024

Ares Industries, a defense startup founded by a Navy combat veteran, has secured new funding led by Y Combinator to develop a new class of anti-ship cruise missiles designed to integrate seamlessly with existing launch systems. This marks the first […]

2.9K Views

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Indian food delivery startup Swiggy eyes $15 billion IPO

Nickie Louise Posted On August 23, 2024

SoftBank-backed Indian food delivery startup Swiggy is preparing for an initial public offering (IPO) with a target valuation of approximately $15 billion, making it one of the largest in India this year. The ten-year-old startup aims to raise between $1 […]

1.1K Views

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Walmart sells stake in JD.com to focus on its own China operations

Nickie Louise Posted On August 22, 2024

Walmart has ended its eight-year partnership with Chinese e-commerce giant JD.com. Walmart announced on Wednesday the sale of its $3.7 billion stake in JD.com, marking one of the largest foreign investments in a Chinese retailer. Despite the sale, Walmart will […]

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Byju’s, an Indian Ed-Tech startup once valued at $22 billion, faces insolvency; employees anxious

Nickie Louise Posted On August 22, 2024

Byju’s, once a prominent figure in India’s EdTech startup sector, is now facing insolvency and a severe financial crisis, raising concerns about its future and that of its employees. Once valued at $22 billion in 2022, the company saw rapid […]

2.6K Views

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Blockchain startup Story raises $80M in funding to prevent AI copyright theft; now valued at over $2 billion

Nickie Louise Posted On August 21, 2024

Story Protocol (Story) has secured $80 million in Series B funding to combat copyright theft by AI using blockchain technology. The funding round, which was led by Andreessen Horowitz (a16z), pushed the company’s valuation to over $2 billion. Other notable […]

1.8K Views

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SoftwareOne in ongoing discussions with potential buyers after Bain Capital deal collapse

Nickie Louise Posted On August 21, 2024

Following the collapse of the acquisition deal with Bain Capital in March, SoftwareOne announced on Wednesday that it’s in ongoing discussions with potential buyers as the Swiss IT services company reported a slowdown in revenue growth and revised its full-year […]

1.1K Views

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Software startup Allstacks secures $10M in funding to empower software engineers with data-driven insights

Nickie Louise Posted On August 21, 2024

According to research firm Gartner, there’s been a significant rise in interest in developer productivity, with inquiries surging 178% in the last year alone. These inquiries grew by 325% in 2023 compared to the same period in 2021. This uptick […]

1.1K Views

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Defense tech startup DEFCON AI raises $44M in funding to build next generation of AI-powered tools for the military

Nickie Louise Posted On August 20, 2024

The rise of drones and AI in warfare has transformed the battlefield, creating an urgent need for innovative military planning. Recognizing this challenge, McLean, Virginia-based defense tech startup DEFCON AI is developing advanced tools for modern military operations. Today, DEFCON […]

2.6K Views

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AI startup Recogni unveils new computing method to reduce AI energy consumption and cut costs

Nickie Louise Posted On August 20, 2024

The rapid growth of artificial intelligence (AI) is driving up energy consumption, posing significant environmental challenges. Training complex AI models requires vast computational power, leading to higher electricity usage and increased carbon emissions. As AI systems become more advanced, the […]

1.3K Views

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The future of AI and blockchain? io.net and Chainbase partner up

Nickie Louise Posted On August 20, 2024

Just a week after teaming up with NetMind.ai to boost their AI solutions, io.net has secured another partnership, this time focusing on the intersection of AI and blockchain. Today, the decentralized compute network io.net announced a new partnership with Chainbase, […]

1.6K Views

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GoPro to cut 15% of workforce as future remains uncertain

Nickie Louise Posted On August 19, 2024

Trouble deepens for GoPro after the action camera maker announced on Monday that it plans to reduce its workforce by about 15% this year as part of a major restructuring effort to lower operating costs. The once high-flying camera maker is […]

891 Views

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GM cuts over 1,000 tech jobs as it explores new AI initiatives

Nickie Louise Posted On August 19, 2024

General Motors (GM) is cutting more than 1,000 jobs globally in its software and services division to concentrate on what it calls “high-priority” projects, according to a report from CNBC. This decision follows a review aimed at streamlining operations within […]

971 Views

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Waza emerges from stealth with $8M in funding to power cross-border payments for African businesses

Nickie Louise Posted On August 19, 2024

The Bank of England predicts that the global cross-border payments market will surpass $250 trillion by 2027. Yet, emerging economies, particularly in the Global South, continue to grapple with trade deficits, where the demand for the dollar—central to global trade—outstrips […]

824 Views

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AMD buys server maker ZT Systems for $4.9 billion to expand its AI chip and take on Nvidia

Nickie Louise Posted On August 19, 2024

Advanced Micro Devices (AMD) announced on Monday it plans to acquire server maker ZT Systems for $4.9 billion to expand its AI chips and hardware to better compete with industry giant Nvidia. The acquisition will be funded 75% in cash, […]

886 Views