Australian productivity software company Atlassian made layoffs as the company looks to invest more money in AI. Atlassian announced this Cut your workforce by 10%About 1,600 people on March 11. The company said the decision allows it to spend more money on AI, enterprise sales and strengthen its finances. More specifically, Atlassian said it is…
robotic company sunday has raised a new funding round, valuing the company at unicorn status, which would mean more than $1 billion announced On Thursday. Sunday says it has raised a valuation of $165 million, or $1.15 billion, in a Series B round led by Coatue Management. Other investors in the round include Tiger Global,…
Tesla is now an officially licensed utility in the United Kingdom, According According to a new report from the Wall Street Journal. The automotive and energy company recently received a license from the Gas and Electricity Markets Office, allowing it to sell electricity directly to domestic and commercial and industrial users. The company has been…
UK-based autonomous vehicle software company Wave raises $1.2B funding round working together Uber and Nissan are teaming up to launch a robotaxi service in Tokyo, with a pilot project scheduled for the end of 2026. Under the deal, Wave will integrate its AI-powered, self-driving software into the Nissan Leaf, which will be available on Uber’s…
Honda has canceled three electric vehicles it was developing for the US market, blaming President Donald Trump’s tariffs and increasing competition from Chinese EV companies. Honda said Thursday that Trump’s tariffs have hurt the company’s gas and hybrid vehicle business, putting its overall automobile business in an “extremely challenging earnings situation.” With the “inability to…
Last week, Netflix announced Acquisition of Interpositive, an AI company co-founded by Ben Affleck that helps filmmakers edit footage in post-production. The deal could be worth up to $600 million, according to bloombergThis is potentially considered one of the streaming giant’s biggest acquisitions to date. The most Netflix has ever paid for a single acquisition…
Vibe-coding sensation Replit has hit another funding milestone. company announced On Wednesday it raised a $400 million Series D at a valuation of $9 billion, led by previous investor Georgian Partners. Other participating investors include G Squared, Prism Capital, Coatue, Andreessen Horowitz, Craft Ventures, Y Combinator, Accenture Ventures, Okta Ventures, and Databricks Ventures. Founder and…
Breakout Ventures has Fund III of $114 million closed Supporting AI-focused early-stage startups working in scientific fields such as biology and chemistry. The company has already written checks to three companies and plans to invest in at least 20 companies through this fund, with the average check size ranging from $500,000 to $5 million. Lindy…
After last month’s news New York’s hottest venture firm, ThriveHaving just raised $10 billion for a new fund – its largest ever, double the previous fund – another big-name VC firm is attempting to match that fund. General Catalyst is in talks to raise $10 billion from unnamed sources Tell Bloomberg. The firm, which has…
For years, venture capitalists have been skeptical of beverage startups, citing low margins and brutal distribution as the reason most brands never succeed. But a new wave of “functional soda” companies are challenging that notion, including prebiotic soda brand Poppy, which evolved from a kitchen experiment to a $1.95 billion acquisition by PepsiCo. on this…
