Startups

Grocery store technology hasn't changed much in decades, so when the pandemic hit, it served as a wake-up call to the industry, highlighting its shortcomings, especially concerning e-commerce. Grocery stores that don't adapt will most likely lose out on market share. The good news for the g

Truepill, a platform that helps other companies offer diagnostics, telehealth services and prescriptions, has conducted its third mass layoff in a string of workforce reductions, sources tell technewss. The layoff impacted about third of the company, or 175 people. The company did not respond to m

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, and “happy Friday junior,” as someone put in their email to me today. I hope it has been a productive Thursday for you. Haje is hanging with a bunch of

Rivian is holding on tight to its goal of delivering 25,000 electric vehicles by year’s end, but to get there it now anticipates to burn an extra $700 million. The automaker tucked the revised guidance within its second-quarter earnings report, telling investors that it expects to lose a whop

With the overturning of Roe v. Wade earlier this year, digital health and reproductive care startups bolstered their efforts to make abortion pills and emergency contraceptives more accessible. Now, as state laws shift and abortion bans go into effect across the United States, companies are still t

With the impending passage of the Inflation Reduction Act, renewables are about to get a fresh jolt in the U.S. They're already some of the cheapest sources of electricity to build and run, but they haven't taken over because they're often dependent on the weather. The simple solution i

Across the globe, financial transactions have trended upward. In 2021, international merger and acquisition (M&A) activity increased significantly, eclipsing $5 trillion in deal volume for the first time in history, growing 64% over the previous year. I've worked at startups, private equity

I'm a mediocre meditator, at best. Some weeks I meditate every morning, and others go by without doing it at all. Turns out healthy habits are a lot harder to develop than good ones. I've tried a few different pieces of meditation hardware over the years, because who wouldn't love to ha

Venture capital firms continue to raise new funds, at what seems like lightning speed. Two firms stuck out in recent days, including Urban Innovation Fund, which closed with commitments of $101 million for its Fund III and $20 million Opportunity Fund, and VMG Catalyst‘s $400 million Fund II.

Arrival, the U.K.-based commercial EV startup turned publicly traded company, has lowered its delivery plans from 400 vehicles to 20 as it postpones development of its battery-electric buses and shifts gears to focus on vans. The company, which reported Thursday widening losses for the second quart

The economic downturn prompted a hiring slowdown across the tech industry, forcing CTOs — and the teams that they manage — to do more with less. It’s particularly put the microscope on developers where it concerns efficiency. Google CEO Sundar Pichai recently said that productivit

Venture funds based in the U.S. saw record fundraising in the first half of this year, but some regions saw little to none of that LP capital. The Midwest took a huge fundraising hit in H1 2022, no matter which states you choose to include in the region. According to PitchBook data — we are combi

Kenyan retail B2B and end-to-end distribution platform Marketforce laid off a chunk of its workforce in July, according to sources familiar with the matter.  In an email sent from Marketforce CEO Tesh Mbaabu and obtained by technewss, the layoffs were a part of a reorganization strategy in Kenya,

Jiminny, a U.K.-based conversational intelligence platform that companies use to record, transcribe and analyze communications from across sales and other customer-facing teams, today announced it has raised $16.5 million in a Series A round of funding (Kennet Partners was the sole investor). Found