Startups

A comprehensive list of 2024 tech layoffs

The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has more than 130,000 job cuts across 457 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized […]

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Sequoia Capital, CISA, and Tidelift take the Stage at Disrupt 2024

In today’s software ecosystem, open source code has become the backbone of innovation and digital infrastructure, playing a pivotal role in everything from startups to major enterprises. The collaborative nature of open source software has unlocked incredible potential for businesses, allowing rapid development and agility. But with this openness comes a critical dilemma: security vulnerabilities.

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UK neobank Monzo hits $5.9B valuation with secondary market sale

Monzo is now valued at $5.9 billion after the U.K.-based challenger bank announced a secondary market share sale to provide liquidity for its employees. The transaction saw existing investors such as Singapore’s sovereign wealth fund (GIC) and StepStone Group procuring additional shares in the London-based fintech. A secondary market sale essentially rewards employees for getting

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SpaceX alums are working to raise a hefty $550M first deep tech fund

Interlagos, the venture capital firm started by former senior SpaceX leaders, is looking to raise $550 million for its first venture fund, according to regulatory filings and a confidential deck sent to prospective LPs and viewed by TechCrunch.  The existence of the firm was first reported by TechCrunch in April, but almost nothing has been

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MiLaboratories gets $10M for a platform play to accelerate genomic research

Advances in DNA sequencing and the vast amounts of genomic data being produced by next-generation sequencing (NGS) technology have created a startup opportunity to build software for biologists so they can more easily analyze this big data and take the next leap. It could help when it comes to developing new vaccines, cancer treatments and

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Health insurtech startup Qantev raises €30 million to outperform LLMs with small AI models

Health and life insurance providers face a rising volume of claims due to chronic disease and aging populations, but their processes lack scalability. AI automation can help, but it takes more tailoring than for other insurance types. Automating property and casualty insurance, for instance, gave rise to public company Guidewire decades ago, but health insurance

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Investors are betting on user-generated content in video games. Gamebeast’s founder explains why

Today on Equity, Rebecca Bellan sat down with Zander Brumbaugh, the 22-year-old founder of Gamebeast, a startup that offers Roblox developers tools like A/B testing and LiveOps to modify games without needing to release a new version or interrupt a user’s ongoing game.  Gamebeast recently raised a $3.7 million pre-seed round, led by J2 Ventures

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