valued
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Sources: Tokyo-headquartered aggregator SmartNews, valued at $2B as of 2021, lays off ~120 people, or 40% of US and China staff, with more cuts to come in Japan (TechCrunch)
TechCrunch: Sources: Tokyo-headquartered aggregator SmartNews, valued at $2B as of 2021, lays off ~120 people, or 40% of US and…
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Supply chain software startup Flexport lays off 20% of its global workforce, or roughly 640 employees; the company was valued at $8B in February 2022 (Riley de León/CNBC)
Riley de León / CNBC: Supply chain software startup Flexport lays off 20% of its global workforce, or roughly 640…
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Equity management service Carta cuts 10% of its staff, possibly impacting ~200 workers, as it sues a former CTO; the company was valued at $7.4B in August 2021 (Natasha Mascarenhas/TechCrunch)
Natasha Mascarenhas / TechCrunch: Equity management service Carta cuts 10% of its staff, possibly impacting ~200 workers, as it sues…
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Scale AI, which helps companies label data for ML algorithms and was valued at $7.3B in Apr. 2021, lays off 20% of its staff; it had ~450 employees in Feb. 2022 (Kirsten Korosec/TechCrunch)
Kirsten Korosec / TechCrunch: Scale AI, which helps companies label data for ML algorithms and was valued at $7.3B in…
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Email: SpaceX is raising $750M in a round likely led by a16z at a $137B valuation; the company raised $2B+ in 2022 and was valued at $127M in May (Lora Kolodny/CNBC)
Lora Kolodny / CNBC: Email: SpaceX is raising $750M in a round likely led by a16z at a $137B valuation;…
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Server maker Supermicro's shares have soared 76%+ YTD, taking its market cap from $2.4B to $4.4B, outperforming all US tech companies valued at $1B or more (Kif Leswing/CNBC)
Kif Leswing / CNBC: Server maker Supermicro’s shares have soared 76%+ YTD, taking its market cap from $2.4B to $4.4B,…
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Sources: OpenAI told investors the company expects $200M revenue in 2023 and $1B by 2024; source: OpenAI was recently valued at $20B in a secondary share sale (Reuters)
Reuters: Sources: OpenAI told investors the company expects $200M revenue in 2023 and $1B by 2024; source: OpenAI was recently…
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Microsoft acquires a 4% stake in the London Stock Exchange, valued at around £1.6B, as part of a 10-year agreement for data and cloud infrastructure (Amy Thomson/Bloomberg)
Amy Thomson / Bloomberg: Microsoft acquires a 4% stake in the London Stock Exchange, valued at around £1.6B, as part…
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Istanbul-based delivery startup Getir closes its acquisition of Berlin-based rival Gorillas, valuing the group at $10B; sources: Gorillas was valued at ~$1.2B (Tim Bradshaw/Financial Times)
Tim Bradshaw / Financial Times: Istanbul-based delivery startup Getir closes its acquisition of Berlin-based rival Gorillas, valuing the group at…
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Airtable, a developer of cloud-based collaboration software last valued at $11B in 2021, lays off 254 staffers or around 20% of its workforce (Natasha Mascarenhas/TechCrunch)
Natasha Mascarenhas / TechCrunch: Airtable, a developer of cloud-based collaboration software last valued at $11B in 2021, lays off 254…
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