Startups

Barely a day goes by without news of layoffs emerging from the tech world — from cybersecurity to gaming, no industry is impervious. It’s not limited to any particular size of company, either — everything from fledgling startups and scaleups to billion-dollar public entities suc

Latino founders of early-stage companies based in the U.S. just got a new potential source of capital. L'Attitude Ventures announced today that it has closed on its first institutional fund, raising more than $100 million from several financial services heavyweights, including a “strategic an

Over the past few years, corporate venture capital investors have solidified their stature as a reliable source of VC funding. The number of companies launching investment arms has exploded, and the amount of new funds has continued to rise despite the current market volatility. Ulta Beauty, the la

An innovative new medical startup in Romania helped doctors from three countries collaborate to treat Ukrainian cancer patients made refugees after Russia's brutal invasion. The “Tumor Board” project was initiated by doctors from the U.S., Romania and Moldova to provide life-saving treatmen

The U.K.’s Competition and Markets Authority (CMA) has provisionally greenlighted the proposed $8.1 billion merger of cybersecurity companies NortonLifeLock and Avast, with Microsoft emerging as an unlikely ally as the two companies seek to push the deal over the line. The merger has been han

Employee benefits platform Ben today announced it has raised $16 million in a Series A round of funding led by European VC giant Atomico. While salary is undoubtedly the main draw in a company’s compensation offer, additional “perks” can help sweeten the deal for current or would-

After a tough few months in the markets for Ping Identity, the enterprise identity management company today announced a big move: private equity firm Thoma Bravo is buying the company and taking it private for $2.8 billion. The news was announced at the same time that Ping posted its Q2 earnings. T

Braxia Scientific is a Toronto-based company that focuses on depression, suicidality and related mental health conditions. Today, the company announced it is buying KetaMD to extend its telehealth prowess and in particular to expand its tech-facilitated ketamine-based treatments from its current lo

Ro's co-founder and chief growth officer Rob Schutz is stepping back from his current role and will stay involved with the digital health company in an advisory role, technewss has learned. The shift comes just weeks after Ro cut 18% of its staff to “manage expenses, increase the efficiency

Spur Capital Partners, an investor in venture capital funds, is out to raise $200 million for its seventh core fund. So far, it has secured nearly $74 million to bet on early-stage VCs, per a securities filing. Who or what is Spur betting on, exactly? Over the years, the investor claims it has ind

Y Combinator says it has intentionally shrunk the number of startups within its accelerator for the Summer 2022 batch. As first reported by The Information and independently verified by technewss, Y Combinator's Summer 2022 cohort — currently in action — boasts nearly 250 companies

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. The SEC leapt in this week, charging 11 people associated with Forsage, which the government watchdog says was running a pyramid scheme. I’m not one to embr

It’s been a volatile year for retail investment behemoth Robinhood. The fintech company is slashing 23% of its workforce, as first reported by the Wall Street Journal and confirmed by technewss. The layoff comes just three months after Robinhood cut 9% of full-time staff. At the time of it

Why disrupt the bank account when you can go straight to the true source of all consumer spending: an individual's paycheck? Brandon Rodman, who founded customer communications platform Weave but left before the company went public last year, has started a new company that aims to get consumers