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Tech News

  • Posted on October 11, 2023

What drove online used car marketplace Shift to file for bankruptcy

Shift Technologies, the San Francisco-based online used car startup turned publicly traded company, filed this week for Chapter 11 bankruptcy. The short story, according to recent filings, is that the company’s

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  • Posted on October 11, 2023

EU fires urgent warning at Elon Musk’s X over illegal content and disinformation following Hamas attacks

In a very swift test of the European Union’s newly updated content moderation rulebook, the bloc has fired a public warning at Elon Musk-owned X (formerly Twitter) for failing to tackle illegal content circulating

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  • Posted on October 11, 2023

Japanese VC Beyond Next Ventures raises $67.7M in a first close of its deep tech fund

A Japanese fund focused on early-stage, Asian deep tech startups is doubling down on the opportunity, despite a wider slowdown investing in moonshots globally. Tokyo-based Beyond Next Ventures is targeting up to ¥25

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  • Posted on October 10, 2023

Cash-strapped EV maker Arrival lays off yet more workers

Arrival just warned investors that it’s slashing its workforce yet again. The electric van maker said on Tuesday that it “took actions” on October 5 to “further reduce its operating costs.” Those actions include

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  • Posted on October 10, 2023

SumUp’s valuation falls as low as $4.1B, as Groupon and others sell off their stakes

Adyen lost $13 billion in market cap last month when investors scrambled to sell shares after the payments company missed quarterly revenue targets. But it’s not the only one facing the music in fintech. Shares in

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  • Posted on October 10, 2023

Hackers advertised 23andMe stolen data two months ago

Genetic testing company 23andMe has been investigating a security incident after hackers advertised a trove of alleged stolen user data on a hacking forum last week. But the alleged stolen data may have been

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  • Posted on October 10, 2023

As misinfo circulates on X amid the Israel-Hamas war, reporters look to other platforms

In the wake of increasing misinformation related to the Israel-Hamas war now circulating on X, the app formerly known as Twitter, a number of journalists are building up their networks on rival platforms. The shift,

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  • Posted on October 10, 2023

Arctic Wolf acquires cybersecurity automation platform Revelstoke

Arctic Wolf, a cybersecurity company that’s raised hundreds of millions of dollars in debt and equity, today announced that it plans to acquire Revelstoke, a company developing a security orchestration, automation

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  • Posted on October 10, 2023

Federal judge throws out $32.5 million win for Sonos against Google

A California judge has thrown out a $32.5 million verdict win for Sonos against Google after two of Sonos’ patents were deemed unenforceable and invalid. As a result, Google has started to re-introduce software

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  • Posted on October 10, 2023

Demos aren’t as important as you think for your VC pitch

Before you start planning how you’ll demonstrate your product, you first need to consider whether you need a demo at all.

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