Chegg is laying off 248 employees—22% of its workforce—and shutting down its U.S. and Canada offices, becoming the latest victim of AI disruption. The move is part of a sweeping restructuring effort as students increasingly ditch traditional study platforms in […]
HR tech startup Rippling is now valued at $16.8 billion after closing a $450 million funding round, the company confirmed Friday. It’s a jump from the $13.5 billion valuation it posted a year ago. On top of the new funding, […]
George Town, Cayman Islands, 12th May 2025, Chainwire
Apple is planning to raise prices on its upcoming iPhone lineup this fall, but the company doesn’t want anyone linking the hike to tariffs on imports from China, where most of its devices are made, the Wall Street Journal reported […]
Data centers are facing a growing crisis. As AI workloads balloon and streaming services scale, the power demands of data centers are expected to more than double by 2030, reaching levels comparable to an entire country like Japan. The challenge? […]
Startups that launch an online store using WooCommerce often focus on speed, design, and customer experience. However, one critical element is frequently overlooked in the early stages: the importance of daily backups. When new features are deployed and updates happen […]
Two months ago, a Reddit user shared a post titled, “Product Hunt is dead. My launch was a complete disaster (0 conversions). The Redditor claimed to have gotten some upvotes and a few comments, ‘but literally ZERO conversions.’ They’re not […]
“Big Tech is not above the law,” Texas Attorney General Ken Paxton said Thursday. “Google secretly tracked people’s movements, private searches, and even their voiceprints and facial geometry. I fought back and won a historic $1.375 billion settlement.” That win […]
Two months after Northvolt—once hailed as Europe’s answer to Tesla—filed for bankruptcy, two of its former top executives are back in the spotlight with a fresh bet on AI-powered manufacturing. According to Bloomberg, Peter Carlsson, the company’s former CEO, and […]
Five months after pleading guilty to multi-billion-dollar fraud, Celsius founder Alex Mashinsky was sentenced Thursday to 12 years in prison for defrauding investors. The Ukraine-born Mashinsky was first arrested in 2023 following a federal investigation into the collapse of his […]
Hong Kong, Hong Kong, 9th May 2025, Chainwire
It’s May 8, 2025, and we’re back with today’s roundup of who got funded and why it matters. Investors didn’t hold back—writing big checks across AI, fintech, health tech, and even tokenized real-world assets. From stealth-mode launches to growth-stage expansions, […]
Kouper has emerged from stealth with $10M to fix one of health care’s most overlooked failures: patient transitions. Kouper, a new health tech startup focused on making hospital discharges safer and smoother, has officially launched with $10 million in fresh […]
Less than a month after Figma sent a cease-and-desist letter to AI-coding startup Lovable, the design giant on Wednesday announced the launch of Figma Sites, a new feature that lets users publish responsive websites directly from the design canvas. No […]
Coinbase is making a $2.9 billion move to strengthen its position in crypto trading. The company announced Thursday that it’s acquiring Deribit, a major player in crypto options, in a cash-and-stock deal. In a blog post, the world’s largest publicly […]
Sankaet Pathak is back—and this time, he’s building robots. Just months after the fintech firm Synapse collapsed under his leadership, Pathak is now behind a new startup called Foundation Robotics Labs. The company is reportedly trying to raise $100 million at […]
Panama City, Panama, 8th May 2025, Chainwire
It’s May 7, 2025, and we’re back with another roundup of the day’s biggest startup funding news. Yes, we’ve missed a few dates. No, we’re not promising perfect attendance. But if investors keep opening their wallets like this, we’ll keep […]
WisdomAI, an agentic data insights platform, has officially launched from stealth with $23M in funding led by Coatue Ventures, with participation from Madrona, GTM Capital, The Anthology Fund, and several prominent angel investors. The startup is tackling a common pain […]
In a potential blow to Google, Apple is exploring plans to reshape Safari by adding AI-powered search engines, Bloomberg reported on Wednesday. The move could chip away at Google’s grip on search, especially on mobile devices where it pays billions […]
