Tuesday, January 23, 2024

eBay plans to cut 1,000 jobs because it couldn’t grow enough

E-commerce company eBay said today that it plans to let go of 1,000 employees or around 9% of its workforce due to the ongoing economic conditions. The company said in a blog post that it also plans to cut contract roles in the coming months. The company’s CEO Jamie Iannone admitted that the company hired […]

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Kittl raises another $36 million for its browser-based design tool

Just a year after raising $11.6 million, Kittl raised another $36 million in a Series B round led by IVP with some existing investors participating once again. The Berlin-based startup has been working on a graphic design tool that you can use in your web browser without having to install an app. At this point, […]

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French small launch startup Latitude closes $30M Series B

French small launch developer Latitude has closed $30 million in new capital as it eyes the first flight of its Zephyr rocket in 2025. While other rocket companies are going bigger, developing even more massive rockets, Latitude is taking a different approach: light, small, and hopefully cheap enough to beat out competitors. Its first rocket, […]

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Aniai bringing burger cooking robot to restaurants with $12M

Aniai, a startup that has built a burger-grilling robot, Alpha Grill, said today it has raised $12 million. The round brings its total raise up to $15 million. The money will go toward launching its first manufacturing facility, Factory One, in South Korea. The firm will also be deploying a cloud-based AI software platform for […]

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Samsung’s EX1 wearable robot is designed to improve mobility in older adults

I tend to be wary when consumer electronics corporations dip their toes into the world of robotics. The category offers an attention grabbing shorthand for companies attempting to bolster their future outlook. More often than not, the systems rolled out on-stage are little more than vaporware. Samsung has mostly played it close to the belt […]

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Learn how WebAssembly can benefit your startup

If you’re looking for a better development tool to build your startup (or enterprise) empire — one that’s fast, efficient, secure, offers easy debugging, multiple language support, portability, browser compatibility and a whole lot more — you need to know about WebAssembly, a.k.a., “Wasm.” Fun fact: A World Wide Web Consortium (WC3) standard since 2019, […]

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Brex cuts 20% of staff amidst reports of stalled growth, high burn

Expense management startup Brex, which was valued at $12.3 billion two years ago, laid off 282 people, or about 20% of its staff today. The once high-flying fintech startup sent a note to employees (that was also published on the company’s website) today, announcing the news. In addition, Brex announced that its COO, Michael Tannenbaum, […]

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Google Chrome gains AI features including a writing helper, theme creator, and tab organizer

Google’s Chrome web browser is getting an infusion of AI technology in the latest release. The company announced today it’s soon adding a trio of new AI-powered features to Chrome for Mac and Windows, including a way to smartly organize your tabs, customize your theme, and get help when writing things on the web — […]

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TikTok lays off 60 employees

TikTok is the latest tech company to mount another round of layoffs in an increasingly bleak January. According to NPR, which broke the news, TikTok cut about 60 jobs, mostly in sales and advertising. TikTok did not respond to our request comment before publication. Despite controversy in Congress over its Chinese parent company, TikTok — […]

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Vroom hits the brakes on its online used car business to go full throttle on auto financing and AI

Vroom is shutting down its online used car marketplace and shifting all of its resources and capital into two business units focused on auto financing and AI-powered analytics. About 800 employees, or 90% of its workforce, will lose their jobs as a result, according to a regulatory filing. The company said it is suspending all used […]

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Apple Music now lets you create collaborative playlists

Apple announced today that Apple Music subscribers now have access to collaborative playlists with the launch of iOS 17.3. As its name suggests, the new feature lets users collaborate on playlists with friends and family. Users can invite each other to select tracks for a shared playlist. The feature also lets you use emojis to […]


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Monday, January 22, 2024

Germany’s Instagrid, which uses software to supercharge portable batteries, raises $95M

Energy supply is one of the bigger issues impacting how technology will evolve over time — a challenge that might be feel closer to home when you consider the batteries of objects like mobile phones or electric vehicles but is definitely not constrained just to consumer tech. A startup called Instagrid is using software to […]

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Business travel management platform TravelPerk raises $105M

TravelPerk, a business travel management platform targeted at SMEs, has raised $105 million in a fresh equity-based round of financing led by SoftBank’s Vision Fund 2. Existing investors including Kinnevik and Felix Capital also participated in the round. The funding gives TravelPerk a valuation of $1.4 billion, just a fraction over the $1.3 billion valuation […]

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Apple will pay artists more to have a spatial audio version on Apple Music

Apple will pay additional royalties starting this month to artists if they have a spatial audio version on Apple Music, according to multiple reports. The company will pay up to 10% additional royalty if an artist has all their songs in spatial audio, per a report by 9to5Mac. The extra money doesn’t depend on users […]

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