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Israeli startup 8fig raises $140M to boost e-commerce SMBs amidst economic turmoil
Nickie Louise Posted On May 9, 2023


While many businesses struggled during the pandemic years, e-commerce companies continued to thrive as consumers increasingly turned to online transactions. In 2021 for example, retail e-commerce sales amounted to nearly $5.2 trillion worldwide. This number is forecast to grow by […]


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Mayfield raises nearly $1 billion for its two venture funds to invest in early-stage startup companies
Nickie Louise Posted On May 8, 2023


Mayfield, a venture capital firm with a five decades history, announced today that it has secured $955 million in total for two venture capital funds. The first fund, Mayfield XVII, raised $580 million and will invest in seed and Series […]


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Silicon Valley startup Olyns raises $4M in funding to solve US recycling problem and reduce plastic waste
Nickie Louise Posted On May 8, 2023


The United States generates approximately 300 million tons of waste annually, according to a report from The Environmental Protection Agency (EPA). However, only 25% of that solid waste is recycled. Currently, the recycling rates in the U.S. and other countries […]


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Qualcomm acquires Israeli auto-chip maker startup Autotalks in a $350-400 million deal
Nickie Louise Posted On May 8, 2023


Qualcomm announced on Monday it would buy Israeli auto-chip maker startup Autotalks. While the financial terms of the deal were not disclosed, Qualcomm reportedly paid approximately $350-400 million for the company. The announcement comes two years after Qualcomm partnered with […]


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Dutch startup Instruqt closes €15M in Series A funding after 5 years of bootstrapping
Nickie Louise Posted On May 5, 2023


For many years, Hilversum, Netherlands-based Instruqt has been helping companies bring their products to life through a series of engaging and interactive hands-on demos and training. Then after five years of bootstrapping its way to successful growth, the startup has […]


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Vice Media nears a $400 million deal to sell itself out of bankruptcy, report
Nickie Louise Posted On May 5, 2023


On Tuesday, we wrote about Vice Media after multiple reports that the media outlet was preparing to file for bankruptcy, two weeks after Buzzfeed News shuttered. Now, The Wall Street Journal (WSJ) reported Friday that Vice Media is close to […]


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Shopify to lay off more than 2,000 employees, or 20% of its workforce
Nickie Louise Posted On May 4, 2023


Canadian e-commerce company Spotify becomes the latest tech company to announce job cuts amid the ongoing economic slowdown and geopolitical uncertainties. Shopify announced Wednesday that it’s laying off more than 2,000 people, or 20% of its workforce. In addition, the […]


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Databricks acquires AI-centric data governance platform startup Okera
Nickie Louise Posted On May 3, 2023


San Francisco-based Databricks announced today that it has acquired Okera, the world’s first AI-centric data governance platform. The two companies did not disclose the terms of the acquisition. A spokesperson for Databricks said the completion of the acquisition is “imminent.” Databricks […]


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Pando raises $30M in funding to grow its AI-powered supply chain platform
Nickie Louise Posted On May 3, 2023


Supply chain disruptions have reached their peak in recent years, hindering business growth and limiting consumers’ access to quality products. In addition, siloed logistics software has also hampered business operations. In a recent survey conducted by Deloitte, over 70% of […]


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Music streaming platform TIDAL relaunches TIDAL RISING with funding for emerging artists
Nickie Louise Posted On May 3, 2023


TIDAL, a global music streaming platform owned by Jack Dorsey’s Block and musician Jay-Z, today announced the relaunch of  TIDAL RISING, a program that levels the playing field for all artists. Originally launched in 2015, TIDAL RISING was designed to […]


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Video game developer Unity Software to lay off 600 employees, or 8% of its workforce
Nickie Louise Posted On May 3, 2023


Video game developer Unity Software becomes the latest tech company to announce job cuts as the tech layoff trend continues without signs of slowing down. On Tuesday, Unity said it will lay off 600 employees, equivalent to 8% of its […]


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Singapore-based unicorn startup Advance Intelligence raises $80 million in funding
Nickie Louise Posted On May 3, 2023


While the rest of the startup space may be experiencing a funding drought, investments in artificial intelligence have increased more than sixfold since 2016, according to data from research firm Statista. Since the debut of ChatGPT in November of the […]


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Aligned lands $5.8 million to streamline sales process for B2B buyers and sellers
Nickie Louise Posted On May 2, 2023


While the business-to-consumer (B2C) sector has undergone significant changes over the years, the way buyers and sellers in the business-to-business (B2B) space collaborate has remained mostly unchanged, with communication still relying heavily on email threads, attachments, and spreadsheet links. The […]


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Simpplr raises $70M in funding to grow its AI-powered employee experience platform
Nickie Louise Posted On May 2, 2023


About 8 years ago, entrepreneur Dhiraj Sharma was approached by HR tech company Workday to create an intranet app to enhance the employee onboarding experience. This opportunity came at a perfect time for Sharma, as his interests in purpose and […]


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964 Views


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Former Facebook CTO Mike Schroepfer launches Gigascale Capital, a VC firm that invests in climate-focused startups
Nickie Louise Posted On May 2, 2023


Climate change is one of the most significant challenges of our time. From drought and extreme weather events to rising sea levels that heighten the possibility of catastrophic flooding, the impacts of climate change are global in scope and cannot […]


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Alibaba founder Jack Ma is now a college professor in Japan
Nickie Louise Posted On May 2, 2023


Jack Ma, the billionaire co-founder of Alibaba who vanished from the public eye in 2020, has recently accepted a teaching position in Japan. This marks one of the first public positions he has undertaken since his abrupt disappearance from the […]


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Top tech startup news for Monday, May 1, 2023: Bluesky, Campus, Getir, HubSync, IBM, and TIER Mobility
Nickie Louise Posted On May 1, 2023


Good evening! Below are some of the top tech startup news stories for Monday, May 1, 2023. Berlin-based e-scooter operator TIER Mobility is in merger and acquisition talks Berlin-based e-scooter operator TIER Mobility is reported in talks for a potential […]


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398 Views


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EdTech startup Campus.edu raises $29M in funding to provide an online alternative to traditional community college
Nickie Louise Posted On May 1, 2023


For over a century, obtaining a four-year college degree has been hailed as an effective means of achieving the American dream. However, the rising cost of tuition has now exceeded the average household income. This has resulted in students acquiring […]


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Lyft to lay off 1,072 workers or 26% of its workforce, just a month after the founders stepped down
Daniel Levi Posted On May 1, 2023


Lyft is the latest to join the layoff trend. The ride-hailing app giant is laying off 1,072 employees, or about 26% of its corporate workforce, the company said in an SEC filing Thursday. Lyft also added that it won’t hire […]


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Is Jack Dorsey’s backed Bluesky the new Twitter alternative?
Nickie Louise Posted On May 1, 2023


Prior to Elon Musk’s acquisition of Twitter in a $44 billion deal in late 2022 and “blue check mark chaos,” several attempts had already been made to create alternative platforms. But in the span of just three years, the number […]


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