Startups

Facebook parent Meta is teaming up with Hugging Face and European cloud infrastructure company Scaleway to launch a new AI-focused startup program at the Station F startup megacampus in Paris. The underlying goal of the program is to promote a more “open and collaborative” approach to A

The U.S. index fund pioneer Vanguard has cut the worth of its holding in the Indian ride-hailing startup Ola by nearly two-thirds since original investment, and Neuberger Berman has slashed the worth of its PharmEasy shares by more than 90%, according to an analysis of the funds’ filings. Van

Good morning! Before being known as the bank that collapsed, Silicon Valley Blank made a name for itself as a bank that helps support underrepresented founders. Eight months later, the bank is now trying to repair its reputation among the Black community, and as part of rebuilding of trust, it spon

Venture capital as a whole might be in a bit of a funk, but that's not true for every investor or sector. Take Congruent, a climate tech-focused VC: Last week, the firm filed paperwork with the SEC to start raising for a $250 million fund, technewss+ has exclusively learned. Co

At midnight last Friday, Alphonzo Terrell held up a glass of Dom Pérignon and toasted his one-year anniversary of being laid off at Twitter. If it weren't for that moment, he wouldn't be in Austin at an AfroTech after-party, surrounded by thousands of people who now know his name and his s

WeWork’s bankruptcy filing has arrived. The well-known flexible office-space company has filed for Chapter 11 bankruptcy protection in the United States and Canada, seeking to convert certain debts to equity investments, and “further rationalize its commercial office lease portfolio.

Nailing go-to-market (GTM) as a startup is hard. But nailing GTM as an enterprise startup in a down market is exceptionally harder. During the market peak of 2020–2021, startups enjoyed excess capital and a “growth at all cost” mentality, while enterprises had the financial flexibility and bu

Multiple studies show that younger generations aren’t buying homes as quickly as their generational predecessors. Yet a relatively new startup, Summer, thinks it can convince this cohort to snatch up a second property to rent out on marketplaces such as Airbnb. Summer claims to use “dat

In the midst of an AI chip shortage, Microsoft wants to give a privileged few startups free access to “supercomputing” resources from its Azure cloud for developing AI models. Microsoft today announced it’s updating its startup program, Microsoft for Startups Founders Hub, to incl

Can AI provide a better filesystem and workspace for personal productivity? That’s what a new startup, Fabric, launching today, aims to offer. The company has designed an AI-powered service that helps you organize your documents and other files, and works as a home for all your information th

Returns are a regular part of shopping. However, as more people shop online, retailers run into more instances of customers buying several clothing sizes of the same item with the intent to return what doesn't fit. That has created quite the chaotic returns process. As a result, retailers have

Shares of Honasa Consumer, the parent firm of direct-to-customer beauty and personal care Mamaearth, jumped slightly in a key public listing watched by many Indian startups as they evaluate their own initial public offerings. Mamaearth, a seven-year-old company that has seen a surge in the demand o

Flexible office-space firm WeWork has filed for Chapter 11 bankruptcy protection, listing over $18.6 billion of debt in a remarkable collapse for the once high-flying startup co-founded by Adam Neumann and bankrolled by SoftBank, BlackRock and Goldman Sachs. The New York–based firm, which raised

How do you know when a market has matured? Often, you can simply look at the usual metrics: revenue, market capitalization, customer numbers, margins, and the like. But there's one relatively new measure that doesn't get a ton of attention: Is there a Y Combinator–backed SaaS startup for