Hailo raises $60M Series B for its AI chips: Frederic Lardinois
Israeli AI chipmaker Hailo today announced that it has raised a $60 million Series B funding round led by its existing investors, who were joined by new strategic investor ABB Technology Ventures, the venture arm of the Swiss-based multination ABB, NEC Corpor…
Indonesian startup Newman's uses online medicine to tackle sensitive health issues: Catherine Shu
An Indonesian startup called Newman’s is using telemedicine to help Indonesian patients get care for stigmatized health issues. Part of Y Combinator’s winter 2020 batch, the startup launched last month with prescription hair loss treatments and plans to expan…
Did African startups raise $496M, $1B or $2B in 2019?: Jake Bright
Five years ago, it was hard to come by any numbers for annual VC investment in Africa. These days the challenge is choosing which number to follow. That’s the case for three venture funding studies for Africa that turned up varied results. The numbers and var…
Veteran healthcare VC Camille Samuels explains why trying to cure infectious disease is a lousy business: Connie Loizos
Camille Samuels has spent the last five years as a partner with the healthcare venture firm Venrock and a dozen years before that with Versant Ventures, where she was a managing director. This self-described “grizzled veteran” of the industry has participated…
Anthony Levandowski ordered to pay $179 million to Google: Kirsten Korosec
Anthony Levandowski, the engineer and autonomous vehicle startup founder who was at the center of a trade secrets lawsuit between Uber and Waymo, has been ordered to pay $179 million to end a contract dispute over his departure from Google. Reuters was the fi…
Judge rejects Tulsi Gabbard's 'free speech' lawsuit against Google: Taylor Hatmaker
Last July, Hawaii representative and longshot Democratic presidential hopeful Tulsi Gabbard filed a lawsuit against Google, accusing the company of violating her First Amendment rights to free speech when it briefly suspended her campaign’s ad account. On Wed…
Boosted lays off "a significant portion" of team as it looks for a buyer: Megan Rose Dickey
Boosted, the startup behind the Boosted Boards and, more recently, the Boosted Rev electric scooter, has laid off “a significant portion” of its team, the company announced today. The company is now actively seeking a buyer. Boosted attributes the layoffs to …
SF poised to pass Prop E, which could significantly reduce new supply of startup office space: Lucas Matney
San Francisco is poised to pass a controversial proposition that would almost certainly limit further office space development in the city, perhaps pushing more tech companies and startups to set up their HQs elsewhere. Prop E‘s passing, which seemed likely W…
Investors move from coronavirus woes to Biden wins as markets rally on Super Tuesday results: Jonathan Shieber
While the aftermath of Super Tuesday has left the Democratic party riven between its more liberal and moderate wings, investors viewed last night’s results as a win for business and markets. Shaking off the steady beat of bad news about the advance of the nov…
Despite earnings beat and upbeat forecast, Zoom shares fall after reporting Q4 results: Alex Wilhelm
Today after the bell, Zoom reported its Q4 earnings. The company’s recorded revenue of $188.3 million and its adjusted per-share profit of $0.15 were ahead of expectations, including $176.55 million in revenue and earnings per share of $0.07, according to Yah…
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