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…
Startup Gatik says it will put self-driving trucks on the road in Kansas
By Tina Bellon (Reuters) – Autonomous delivery truck startup Gatik on Thursday said it will be putting its box trucks on the road in Kansas after state officials gave it and its…
AMD to buy cloud startup Pensando for $1.9 billion in data center push
(Reuters) – Chip designer Advanced Micro Devices said on Monday it would acquire cloud startup Pensando for $1.9 billion to bolster its data center products and capitalize on booming demand from cloud…
Mexican startup Stori boosts investments as it targets the unbanked
By Valentine Hilaire MEXICO CITY – Fintech Stori, whose credit cards target the overwhelming majority of Mexicans who lack any kind of formal credit, said on Tuesday it plans to invest $175…
Steven Mnuchin’s fund buys major stake in security startup Zimperium for $525 million
By Krystal Hu (Reuters) – Liberty Strategic Capital, a Washington D.C.-based private equity fund founded by former U.S. Treasury Secretary Steven Mnuchin, has acquired a controlling stake in enterprise security firm Zimperium…
Airline startup Greater Bay’s launch slowed by COVID situation in Hong Kong – CEO
By Jamie Freed – Hong Kong startup Greater Bay Airlines has scaled back its initial growth ambitions due to tight pandemic-related quarantine restrictions and has yet to set a date for its…
Impossible Foods sues startup Motif Foodworks over meatless burger patent
By Blake Brittain – Meatless burger maker Impossible Foods sued competitor Motif Foodworks on Wednesday, accusing the startup of copying its technology for imitating the taste of real meat. The lawsuit filed…
Facebook-backed Indian startup Meesho targets early 2023 for IPO – source
By Shivani Singh BENGALURU – Indian startup Meesho, which counts Facebook-owner Meta Platforms and SoftBank Group’s Vision Fund 2 as its investors, is aiming to go public in early 2023, a source…
EV battery startup ONE raises $65 million to speed U.S. plant plans
By Paul Lienert Mar 1 – Startup Our Next Energy said a new $65 million funding round will enable it to accelerate development of a long-range battery and begin evaluating potential sites…
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