Silicon Valley Journals Rent Butter, a revolutionary tenant screening product tailored for the workforce and affordable housing, has successfully concluded its seed financing round, securing $3 million in investments. The round was led by RET Ventures, a venture fund deeply rooted in the real estate technology sector, with a focus on single and multi-family housing. RET’s involvement is … Read more
T-Mobile has unveiled its plan to trim its workforce by eliminating 401 positions in Bellevue, as disclosed in a filing with the Washington State Employment Security Department. This action is a facet of T-Mobile’s broader job reduction strategy announced last week, which aims to reduce its employee count by nearly 7% or 5,000 jobs. The … Read more
Amazon has made a strategic move in the tech realm by acquiring Fig, a startup that specializes in optimizing the command line terminal experience. The announcement comes through a blog post written by Fig’s CEO and co-founder, Brendan Falk. According to Falk, Amazon will acquire Fig’s technology, while its talented team, including both co-founders, will … Read more
Pharmaceutical company Mallinckrodt, along with several subsidiaries, has initiated voluntary prepackaged Chapter 11 bankruptcy proceedings in the US Bankruptcy Court for the District of Delaware. This marks Mallinckrodt’s second bankruptcy filing in a span of three years. The filing is part of a restructuring plan aimed at reducing the company’s debt by $1.9 billion and … Read more
Trinity Regional Hospital Sachse, a rural hospital located in Texas, has recently filed for bankruptcy as it faces financial challenges. The hospital, which opened just two years ago, defaulted on approximately $70 million of municipal bonds issued in 2020. The bankruptcy filing indicates that Trinity Regional Hospital Sachse’s owner has listed assets ranging from $50 … Read more
Zeplin, a software startup based in San Francisco, has carried out a workforce reduction by laying off approximately 35% of its employees, which amounts to 37 staff members, as confirmed by a former employee. Established in 2014, Zeplin provides a collaborative tool tailored for designers, engineers, and product managers. The company’s tool facilitates seamless collaboration … Read more
Seattle-based cloud automation and migration startup, SkyKick, has recently executed a workforce reduction that resulted in the layoff of 140 employees, with 98 of them located within the United States. SkyKick focuses on serving Information Technology Services Providers (ITSPs) engaged in assisting small and medium-sized businesses in managing their cloud infrastructure. This includes activities like … Read more
Pharma services and health technology company, Spencer Health Solutions, has successfully concluded its Series D funding round, initially raising $43 million, with further funding anticipated by year-end. The success of this funding round underscores the strides made by Spencer Health Solutions and the enthusiastic market response to its platform. According to Tom Rhoads, CEO of … Read more
Otto, formerly known as TeleVet, the leading customer engagement platform tailored for veterinary clinics, has announced the successful completion of a $43 million Series B equity financing round. The funding round includes participation from existing investors Mercury Fund and Boehringer Ingelheim, alongside new investor Hill’s Pet Nutrition. In addition to the funding, the company is … Read more
PatchRx, a pioneering medication management startup headquartered in Tulsa, Oklahoma, has successfully raised $8 million in a Series A funding round. The company’s innovative smart pill bottle cap, driven by data-driven technology, aims to enhance prescription adherence and provide comprehensive support to patients in managing their medications effectively. Atento Capital led the funding round, accompanied … Read more