Startups

Product folks and engineers know what they are doing, and by and large, they — and the companies they work for — have a disproportionate amount of power about how the world is shaped. Over a 13-week course called Logic School (delivered free, with support from the Omidyar Network), the

FTX founder and former CEO Sam Bankman-Fried launched his own Substack newsletter today, in a very unusual move for someone who was recently arrested and is facing eight counts of U.S. criminal charges. In a post titled “FTX Pre-Mortem Overview,” Bankman-Fried maintains his innocence surroundin

When Alec Hartman first decided he wanted a house after his first child was born several years ago, he was surprised by the lack of options. “I didn't like anything I saw, and I wanted a new house and I couldn't get one,” he recalls. “And like every crazy tech person, you have to ask

Scalable production of alternative proteins continues to be a big challenge for companies in this sector, and No Meat Factory wants to help with that. The Canada-based company, which produces alternative proteins for third-party customers, took in $42 million in new Series B capital to build a bigg

Kano Computing (“Kano”), the venture-backed company best known for its DIY computer kits and software for teaching coding and STEM skills to kids, is spinning out its creative software suite and online community platform as an independent business. The move comes as the U.K. company ha

The African tech scene was met with fanfare in 2021: Venture capital investments in the region totaled between $4 billion and $5 billion and produced five unicorns. In my piece detailing this progress, I predicted there would be more unicorns in 2022. Those predictions proved to be way off the mark

Stripe, a richly valued payments startup, has cut its internal valuation yet again, according to sources familiar with the manner. It is now valued, internally, at $63 billion. The cut, first reported by The Information, puts Stripe’s internal per-share price at $24.71, down 40% since peaking

Indonesia's PasarPolis is now able to underwrite its own products, making it one of Indonesia's first full-stack insurtechs. This means PasarPolis will be able to offer new products and work with partners like Tokopedia, Gojek, Traveloka, Xiaomi and IKEA Indonesia to create custom insurance

Launch startup ABL Space Systems' first orbital launch attempt ended in failure Tuesday after all nine engines on the RS1 rocket’s first stage shut down simultaneously. The rocket subsequently hit the launch pad and was destroyed on impact. The rocket took off from the Pacific Spaceport C

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hello from a very rain-drenched, the Cure-themed, semi-goth-and-sad Silicon Valley (Haje) and a lovely, sunny and warm day (Christine). It's hard to imagine o

In the heat of 2021’s record-setting venture market, you couldn’t avoid the growing noise from the burgeoning web3 sector. Trust me, I tried. But while some of that momentum carried into 2022 (Yuga Labs closed a $450 million seed round in March), the rest of the year was relatively quie

Carta, an equity management platform that was last privately valued at $7.4 billion, has cut 10% of its staff, confirming earlier rumors that a workforce reduction was going to happen. Judging by LinkedIn data, the layoff could have impacted around 200 employees. Today’s layoff is around the

For the foreseeable future, global markets will require billions of highly specialized electric machines that perform much better than the inefficient relics of the past. Initially, we approached this as a hardware challenge until we determined that the key to meeting next-generation electric motor

Remote payroll startup Deel has acquired fintech Capbase for an undisclosed amount in a cash and stock deal, the companies told technewss exclusively. As its name suggests, San Francisco-based Capbase claims it can update a company's cap table in real time as it issues shares, signs contracts