Biotech

African genomics startup 54gene has laid off 95 employees, or about 30% of its LinkedIn-sourced 290+ employees. A company’s spokesperson confirmed the news after several sources informed technewss of the layoffs last week. Founded in 2019 by Dr. Abasi Ene-Obong, the three-year-old startup se

"">Research in the field of machine learning and AI, now a key technology in practically every industry and company, is far too voluminous for anyone to read it all. This column, Perceptron, aims to collect some of the most relevant recent discoveries and papers — particularly in, but not lim

Moderna filed a lawsuit against Pfizer and BioNTech claiming the biopharmaceutical companies infringed on Moderna's patents related to mRNA technology in development of their COVID-19 vaccine. The lawsuit, to be filed in the U.S. District Court in Massachusetts and Regional Court of Düsseldorf

Incredible Health, a U.S.-based job-matching platform which made nurses its first focus, has closed an $80 million Series B funding round and announced hitting a $1.65 billion unicorn valuation, billing itself as the highest valued “tech-enabled” career marketplace in the healthcare sec

China is a notoriously difficult market for international startups to crack, but one company seems to have found the recipe for wooing the country’s picky consumers. Three years after Eat Just launched in China, the San Francisco-based company is ready to put more alternative protein products

Atarraya, creator of Shrimpbox, a sustainable “plug-and-play” shrimp farming technology, is swimming to the surface after being in stealth mode since 2019. The Mexico City-based company emerges with new funding, $3.9 million in Series A dollars, and a new U.S. headquarters in Indianapolis. The

TikTok’s parent company ByteDance is making some pretty heavy bets on the healthcare space as it acquired Amcare, which runs high-end children’s and women’s hospitals across China. The buyout cost ByteDance $1.5 billion, according to Bloomberg. A spokesperson for Xiaohe Health, By

Back in 2019, Google proudly announced they had achieved what quantum computing researchers had sought for years: proof that the esoteric technique could outperform traditional ones. But this demonstration of “quantum supremacy” is being challenged by researchers claiming to have pulled

Yelp updating its Android app to introduce a new vertical Home Feed and search results with maps for better restaurant discovery, following last year’s release of a similar update for Yelp’s iOS users. The company said the new vertical feed features highlights from local businesses and

Biotech company Senzo just raised a $2 million round at a $20 million pre-money valuation to further extend options for lateral flow diagnostics. “Lateral flow,” in this case, is the same type of testing you’ve seen from at-home pregnancy or COVID-19 tests. The company is creating

Updated at 4.15 PM on July 26: Shares of Zomato dropped to as low as 41.25 Indian rupees (52 cents), wiping the company’s market cap to $4.11 billion. Shares of Zomato dropped as much as 14.3% on Monday to an all-time low after the end of the lock-in period for investors who had stakes in the

If ever there were an industry ripe for disruption, it's healthcare. Yet, the idea of building a billion-dollar business by addressing the physical, social and behavioral health needs of marginalized communities might seem far-fetched — until someone does it. That's just one reason we'

Meati Foods, which is developing the Eat Meati brand of proteins made from mushroom root, is poised to begin shipping its plant-based meat product later this year after closing on $150 million in new Series C funding. The round, which gives the company $278.6 million in total funding, according to

Insurtech companies have certainly fallen from grace over the last year. This tweet my friend Rick Zullo sent before the recent tech fallout well summarizes the market sentiment around the industry: You can now buy $ROOT, $HIPO, $MILE, $CLOV, $OSCR and $LMND for the combined price of just over $5b.