Hone Capital, a Silicon Valley firm, is being probed by the FBI
According to the FT, the FBI is now poking around nine-year-old Hone Capital, a Palo Alto, Ca.-based venture firm funded by a Chinese private equity firm, to determine whether some of its capital came from the Chinese government — and if it shared sensitive startup data with Beijing.
Origin
Salesforce snatches up Zoomin, a tool for organizing company knowledge
Salesforce is on a buying spree.
After snatching up data management firm Own earlier in the month, Salesforce today announced its plans to buy Zoomin, an enterprise knowledge platform. Zoomin — which we’ve covered a handful of times before — unifies a company’s docs, like product u
Commvault acquires data backup provider Clumio
It must be M&A season.
Commvault, a publicly traded data protection and management software company, announced Tuesday that it intends to acquire data backup and recovery provider Clumio for an undisclosed sum.
The deal is expected to close in early October. Commvault says it
The best Twitter alternatives worth checking out
We'll be straight with you. There's no 1:1 Twitter replacement, but there are plenty of social apps that might be worth substituting into your obsessive timeline-checking routines if you're done with Twitter for whatever reason (we can think of plenty).
Twitter's current situation
EGYM, a connected fitness startup conceived after the founder hit a wall at the gym, lands $200M at a $1.2B+ valuation
Getting healthy is big business these days. Now a startup that's come up with a unique approach leveraging tech to help people with their exercise regimes is announcing a big round of funding, putting some weight behind its own push for growth.
Munich-based EGYM — a startup taking a ve
The beloved Rodecaster board gets a video production counterpart
Like much of the podcasting world, we loved the Rodecaster Pro when it launched toward the end of 2018. It's taken a half-dozen years, but microphone maker Rode is finally extending the user-friendly line into the world of video.
The Rodecaster Video faces much stiffer competition than the ori
How one female VC is teaching kids about startups and women in tech
Deena Shakir, an investor at Lux Capital, struggled to explain to her three young kids what exactly her job was. She first tried buying a Chia Pet, where kids plant chia seeds on a figurine “to show them how seeds can grow into something amazing.”
Shakir, who's invested in health tech co
Northvolt lays off 1,600 workers, but it's not the end for Europe's battery champion
When is raising $14 billion not enough? When you're a battery startup.
Northvolt, Europe's attempt at building a competitor to Asia's battery manufacturing powerhouses, announced on Monday that it had halted work on a factory expansion and laid off 1,600 employees, or about 20% of the
OpenAI rolls out Advanced Voice Mode with more voices and a new look
OpenAI announced it is rolling out Advanced Voice Mode (AVM) to an expanded set of ChatGPT’s paying customers on Tuesday. The audio feature, which makes ChatGPT more natural to speak with, will initially roll out to customers in ChatGPT’s Plus and Teams tiers. Enterprise and Edu custome
Nothing launches a slick pair of $149 open-ear headphones
Few hardware startups have ramped up to a full product line as quickly as Nothing. The London-based firm announced on Tuesday yet another take on earbuds with the Ear Open. As the name suggestions, these are open-ear devices, designed to maintain a sense of situational awareness, rather than the dr
Toyota Ventures' Jim Adler says climate tech startups need to secure future buyers
Jim Adler, founder and general partner at Toyota Ventures, is concerned that climate technology gains could fall into the “valley of death” if companies fail to drum up enough demand to survive.
And he's not wrong to be worried.
Climate tech investments in the
From dinners with Travis Kalanick to fired after maternity leave: One of CloudKitchens' earliest employees is suing
Isabella Vincenza, one of CloudKitchens’ earliest employees, never imagined she would be suing her now-former employer.
Hired as a full-time salesperson in 2018, she became a mainstay at President's Club dinners hosted by CEO Travis Kalanick at his Bel Air home throughout 2020 and 2021.
Rivian reveals first $10M in grants for long-promised Rivian Foundation
Rivian has revealed the first $10 million worth of grants from the Rivian Foundation, three years after the EV maker vowed the philanthropy would receive 1% of its equity to make the “natural world” a “stakeholder in our success.”
Rivian Foundation launched Monday a website
Moxie, which helps nurses launch medspas, raises a preemptive Series B from Lachy Groom
Moxie helps nurses open medspas by providing them with most of the tools they need to run their businesses, from billing software and marketing services to discounted supplies. The startup has raised a $10 million Series B led by existing investor Lachy Groom, a solo VC, with participation from Sig