Startups

When President Joe Biden signed the Inflation Reduction Act (IRA) into law on August 16, 2022, we started looking into its implications, particularly with regard to the impact on the future of the climate and the innovations that might shape that future. As the most important piece of climate legis

After weeks of rumors, Getir has announced that it is acquiring Gorillas. This is a major consolidation deal for the instant grocery delivery space. The Financial Times first reported that Getir has closed the acquisition of its competitor. technewss has confirmed the news with Getir. “Markets g

There is one trick question that investors almost always ask, and it’s guaranteed to make founders uneasy: “What are your expectations surrounding valuation?” For most founders, it's the perennial Goldilocks scenario. Throwing out a number that's too high might push invest

Primer, a U.K. startup founded by alums of Braintree and PayPal that provides a drag-and-drop framework for merchants to build online payment stacks, last year raised $50 million at a $425 million valuation from investors like ICONIQ, Accel, Balderton Capital and Seedcamp — a round the came a

Ubie, a Tokyo-based startup providing an AI-powered symptom checker app and hospital SaaS products, has closed a $19 million extension to its previous Series C round. This brings the health tech startup’s total funding to $45.2 million in Series C. The extension round consists of 90% equity a

Artificial intelligence is taking over almost every industry. The investment and finance industry is no exception. In Deloitte’s 2019 report, the firm reveals that AI is transforming the financial ecosystem to reduce costs and make operations more efficient by providing automated insights and

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. Hello, Happy Thursday. There is a lot of news today, much of it posting as I write this — for example, the Federal Trade Commission is now suing to block Micros

As part of Airtable's decision to cut 20% of staff, or 254 employees, three executives are “parting ways” with the company as well, a spokesperson confirmed over email. The chief revenue officer, chief people officer and chief product officer are no longer with the company. Airtable

Just days ago, Airtable published a memo about how laid off workers can use Airtable to search for jobs. “It's been an unwelcome theme of 2022—layoffs,” the post said. “Each season seems to usher in a new wave of cuts. Meanwhile, corporations cite similar concerns of rising inflation, t

As uncertainty pervades the economy, maintaining profitability ratios and increasing revenue has never been more important. This decade is showing signs of becoming one of the most challenging landscapes to grow a business as pressure swells on sales teams to operate as the lifeblood of organizatio

Komi, a personalized website page builder tool for influencers and celebrities to create and customize a landing page to promote their projects, today closed a $5 million seed round led by Contour Venture Partners. Launched in October 2021, Komi is designed to provide content creators, musicians, a

Less than two months after announcing a new $9.2 billion valuation, TripActions said today it has secured $400 million in credit facilities from Goldman Sachs and Silicon Valley Bank (SVB).  Specifically, TripActions has secured a warehouse debt facility from Goldman Sachs with a $200 million comm

Many founders are reactive when business doesn't go as planned. They may make knee-jerk reactions like: “If I lose 10% of revenue then I'll just lay off five people.” The problem with such approaches is that they don't always solve the underlying business problem. Ta

Zeraki, a Kenyan edtech that has built digital learning and school data analytics platforms, has raised $1.8 million seed funding in a round led by Acumen Fund, for product catalog growth and regional expansion. Save the Children Impact Investment Fund, Verdant Frontiers Fintech and Logos Ventures