US logistics startup Flexport to lay off 20% of its workforce – The Information
(Reuters) -U.S. logistics startup Flexport is planning to lay off about 20% of its workforce in the coming weeks, The Information reported on Friday citing people familiar with the matter. Flexport did…
Silicon Valley startup SandboxAQ hired to beef up US military cyber security
By Jane Lanhee Lee OAKLAND, California (Reuters) – Artificial intelligence and quantum computing startup SandboxAQ on Tuesday said it has won a U.S. government contract for military cyber security in a deal…
Italian EV startup Aehra unveils new premium sedan
By Giulio Piovaccari MILAN (Reuters) – Italian electric-vehicle startup Aehra on Friday unveiled its new, European-made sedan which will serve the high-premium market segment and which joins the firm’s sport-utility vehicle which…
US startup Carbon Rivers says graphene is the answer to toxic tyre chemical
By Nick Carey and Barbara Lewis (Reuters) – Graphene added to tyres could replace the toxic chemical 6PPD, U.S. startup Carbon Rivers says, as pressure mounts on the auto industry to eliminate…
Canadian AI computing startup Tenstorrent and LG partner to build chips
By Jane Lanhee Lee OAKLAND, California (Reuters) – Canadian AI computer design startup Tenstorrent said on Tuesday it was partnering with South Korea’s consumer electronics firm LG Electronics Inc to build chips…
U.S. silicon photonics chip startup Ayar Labs gets AI funding boost
By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley chip startup Ayar Labs raised another $25 million after its latest funding round closed, as demand has increased for faster, more energy-efficient…
Silicon Valley automotive ethernet chip startup Ethernovia raises $64 million
By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley automotive ethernet chip startup Ethernovia Inc said on Monday it had raised $64 million in a Series A funding round including Porsche…
Impact Nano, chip materials startup, wins funding from Intel, Goldman Sachs
By Jane Lanhee Lee OAKLAND, California (Reuters) – Impact Nano, a Massachusetts-based startup that makes specialty chemicals for the semiconductor industry and others, said on Thursday it raised $32 million in funding…
Battery startup Sparkz strikes partnership with auto workers union
By David Shepardson WASHINGTON (Reuters) – California-based battery manufacturer startup Sparkz Inc said Tuesday it had agreed to a partnership with the United Auto Workers (UAW) union as it finalizes plans to…
Indian taxi startup BluSmart picks EV fight with Uber
By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – Indian ride-hailing startup BluSmart is seeking to challenge Uber and Ola for market share in the country with bets on an all-electric…
Data startup Cybersyn raises $63 million in Snowflake-led funding round
By Krystal Hu (Reuters) – Data startup Cybersyn said it has raised $62.9 million from investors including Snowflake Inc, Coatue Management and Sequoia Capital, its chief executive told Reuters. The investment marks…
AI computing startup Cerebras releases open source ChatGPT-like models
By Jane Lanhee Lee OAKLAND, California (Reuters) – Artificial intelligence chip startup Cerebras Systems on Tuesday said it released open source ChatGPT-like models for the research and business community to use for…
Virgin Orbit says space startup in talks with potential investors
(Reuters) – Billionaire Richard Branson’s cash-strapped satellite launch company Virgin Orbit Holdings said on Thursday it is in talks with “interested parties” about an investment in the company. Reuters reported on Wednesday…
HR startup Rippling raises $500 million in fresh funding after SVB collapse
By Krystal Hu and Niket Nishant (Reuters) -HR and payment software startup Rippling said on Friday it has raised $500 million in a new funding round initially intended to help customers make…
Quantum computer startup SEEQC unveils digital chip that operates at super cold temp
By Jane Lanhee Lee OAKLAND, Calif (Reuters) – New York-based quantum computer startup SEEQC said on Wednesday it has developed a digital chip that can operate at temperatures colder than outer space…
Apple backs new music startup
(Reuters) – Apple Inc is backing a music startup launched by one of its former executives. The company, called Gamma, is the brainchild of former Apple Music Global Creative Director Larry Jackson…
AI startup Cohere in talks to raise funding at $6 billion plus valuation -sources
By Krystal Hu (Reuters) – Cohere, an AI foundation model company that competes with Microsoft-backed OpenAI, is in talks to raise hundreds of millions of dollars in a funding round that could…
Japan startup selling $550,000 Star Wars-inspired hoverbike to list on NASDAQ
(Reuters) – Japanese startup Aerwins Technologies, which is selling a Star Wars-inspired $555,000 hoverbike, has received approval to list on the NASDAQ in a merger with blank-check firm Pono Capital Corp, the…
Judge Thwarts Biden Admin’s Effort To Block Meta’s Acquisition Of VR Startup
Judge Thwarts Biden Admin’s Effort To Block Meta’s Acquisition Of VR Startup John Hugh DeMastri on February 1, 2023 The Biden administration’s Federal Trade Commission (FTC) lost a court challenge to prevent…
Media startup Semafor plans buyout of Sam Bankman-Fried’s investment – NYT
(Reuters) – Semafor is planning to buy out FTX founder Sam Bankman-Fried’s roughly $10 million investment in the news startup, the New York Times reported on Wednesday, citing the company’s chief executive…
Logistics startup Flexport cutting 20% of staff in restructuring
By Lisa Baertlein LOS ANGELES (Reuters) – Logistics startup Flexport on Wednesday said it would cut about 20% of its global workforce as its new chief executive refocuses the business amid a…
Top Execs Depart Floundering Electric Vehicle Startup
Top Execs Depart Floundering Electric Vehicle Startup John Hugh DeMastri on January 10, 2023 UPDATE: This piece has been updated with comment from a Rivian spokesperson. Several executives at electric vehicle startup…
Microsoft to invest in autonomous trucking startup Gatik -sources
By Krystal Hu and Joseph White (Reuters) – Microsoft Corp is in advanced talks to invest in Gatik, a California-based autonomous driving startup, as part of its cloud partnership with the company,…
Slowing crypto startup funding may still surpass 2021 record – Pitchbook
By Medha Singh (Reuters) – Total funding at crypto startups this year is set to exceed investments in 2021, research firm Pitchbook said on Thursday though the pace of capital deployment is…
U.S. autonomous delivery vehicle startup Nuro cuts staff by 20%
(Reuters) – Autonomous delivery vehicle maker Nuro is laying off about 20% of its workforce after admitting that rapid hiring in the past year was a mistake, the company’s co-founders wrote in…
Silicon Valley chip startup Cerebras unveils AI supercomputer
By Jane Lanhee Lee OAKLAND, Calif(Reuters) – Silicon Valley startup Cerebras Systems, known in the industry for its dinner plate-sized chip made for artificial intelligence work, on Monday unveiled its AI supercomputer…
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