Startups

Sidechat, the anonymous posting platform that began blowing up last year on college campuses, appears to have acquired a rival anonymous social platform, Yik Yak. While you may recall Yik Yak’s troubles from earlier years, where bullying and harassment ultimately led to an ignominious exit in

Course Hero, a tutoring business last valued by investors at $3.6 billion, has cut 15% of staff, or 42 people — its first round of layoffs in 17 years, technewss has learned from numerous sources. A spokesperson confirmed the layoffs, saying that “the layoffs are happening as a part of a s

On Friday, the Federal Deposit Insurance Corporation announced that it had taken over Silicon Valley Bank, and as we rushed to plan coverage, one of my colleagues succinctly described the situation: “This is historic shit.” A week later, we can all agree they were right. But a lot has happened,

Artifact, the new personalized news app from Instagram’s co-founders, is another startup whose funding was caught up in the Silicon Valley Bank failure, and co-founder Kevin Systrom believes there could be more trouble to come for Silicon Valley. The founder disclosed in a recent interview th

Ember has been a fascinating company to watch. The Los Angeles-based startup entered the scene with a self-heating mug, only to leverage its temperature tech learnings to enter the cold chain space, where it has developed containers for medical supply shipping. I suppose you could say that the firm

Parker, a startup offering a corporate credit card for e-commerce businesses, emerged from stealth Thursday with $157 million in equity and debt funding, much of which closed in 2022. The company touts itself as “the first charge card for e-commerce” with raised limits that are on average 10 t

There's a long-standing debate in the world of logistics robotics. On one side stand the greenfield folk, who insist that the best possible experience is one but from the ground up, with these automated systems at its core. Brownfield proponents, on the other hand, point to the time and money r

With inflation sparking an increase in the cost of repairs, labor and claims, fees for insurance are similarly spiking across the board. Car insurance premiums rose 13.7% nationally over the past year, according to a study from Bankrate.com. Home insurance, meanwhile, climbed 12.1% year-on-year, Po

Founders in the biotech industry are no strangers to challenges. Success is impossible to come by without substantial investment, time and technical expertise. Although life science startups managed to come out relatively unscathed last year, the enduring economic climate is turning fundraising int

The collapse of Silicon Valley Bank (SVB) last week sent ripples in startup ecosystems around the world, and it is emerging that millions of dollars held by African startups and venture capital funds at the bank were at stake, until the U.S. Federal Reserve acted to save the day. In the wake of the

Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies. “Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says

Klaviyo, an e-commerce marketing automation platform, has laid off 140 of its staff across all teams, including engineering and design, technewss has learned from a number of sources.  Klaviyo's director of public relations, Lacey Berrien, confirmed the workforce reduction over email, adding

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hellooooo, and welcome to the Wednesday Crunch! SVB's new CEO Tim Mayopoulos has had a lot to say in the 24 hours since he joined the bank on

U.K. Chancellor of the Exchequer Jeremy Hunt went a small way toward addressing concerns over proposed research and development (R&D) tax credit cuts for small-and-medium sized enterprises (SMEs). But he stopped short of the u-turn some had hoped for following the government’s Autumn Stat