Industry News
Parloa, a conversational AI platform for customer service, raises $66M
Conversational AI platform Parloa has nabbed $66 million in a Series B round of funding, a year after the German startup raised $21 million from a swathe of European investors to propel its international growth. The company is focusing on the U.S. mark…
Senate passes a bill forcing TikTok to face a ban if ByteDance doesn’t sell it
The Senate passed a bill, included with the foreign aid package, that will ban TikTok if its owner, ByteDance, doesn’t sell it within a year. Senators passed the bill 79-18 Tuesday after the House passed it with overwhelming majority over the wee…
Fisker plans more layoffs as cash dwindles and bankruptcy looms
Fisker says it’s planning more layoffs less than two months after cutting 15% of its workforce, as the EV startup scrambles to raise cash to stay alive. Fisker expects to seek bankruptcy protection within the next 30 days if it can’t come u…
Y Combinator alum Matterport is being bought by real estate juggernaut Costar at a 212% premium
The transaction represents a premium of a whopping 212% over Matterport’s last closing share price before the deal was announced on April 22.
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Fintech Fundid was shut down over interest rates and a strained cap table
To keep going, Fundid “needed to put up a lot more collateral because of the changing environment,” Stefanie Sample said.
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Tesla earnings week spotlights EV price cuts, ‘balls to the wall’ autonomy push
Tesla investors, still digesting a 43% drop in share price since the beginning of the year, are gearing up for what will likely be unimpressive financial results for the first quarter and a shift in priorities for CEO Elon Musk, who is making more move…
Clarity Pediatrics raises $10M for treating ADHD and other chronic childhood conditions
Raising young kids who have been diagnosed with, or are suspected of having, ADHD can be challenging. Some children with this condition may have difficulties completing school work or grow easily frustrated and throw tantrums. Parents who try to turn t…
Informatica makes a point to say it’s not for sale – to Salesforce or anyone else
Nothing gets us going like a big M&A rumor, and history has shown where there’s smoke there has often been fire, but that’s not always the case. Last week the big rumor involved Salesforce acquiring Informatica in a deal amounting to somewhere betw…
Oura’s smart ring hits Target stores
Oura this morning announced that its smart ring will be available in select Target stores in the U.S. The deal, which also brings the wearable to the retailer’s site, follows similar\ announcements with Amazon in March and Best Buy last April. It’s a g…