Connext Labs Raises $7.5M Strategic Round at a $250M Valuation
The network has attracted over 20,000 new users in the past month, with 35 companies actively building on the protocol, including notable projects such as Metamask, Planet IX, and DODO.
Silicon Valley Journals
Grubhub Cuts 15% of Workforce, Citing Cost Reductions
Grubhub is undergoing a workforce reduction, laying off approximately 400 corporate employees, which accounts for about 15% of its total workforce.
Sonos lays off 7% of employees as demand cools for its speakers
In a recent filing with the Securities and Exchange Commission (SEC), Sonos announced that it will be laying off 7 percent of its workforce as it faces a cooling demand for its speakers.
Beacon acquires Silver State Building Materials
Beacon, a leading distributor of roofing and building materials, has completed the acquisition of Silver State Building Materials, Inc., located in Gardnerville, Nevada. Silver State, a family-owned business, has been serving the South Lake Tahoe and Reno market for over three decades, specializing in residential roofing and related products. The acquisition by Beacon aligns with … Read more
Informatica acquires Privitar
The acquisition will enhance Informatica’s intelligent data management cloud offering and strengthen its position in the enterprise data management space. The terms of the deal were not disclosed, but Privitar had previously raised over $150 million in funding.
Striveworks Raises $33M to build tools for machine learning operations
Striveworks plans to utilize the funds for hiring, product development, and business expansion.
Accenture Commits $3 Billion to Boost Data and AI Practice
Accenture has announced its plan to invest $3 billion over the course of three years in its data and AI practice. The investment aims to double the number of employees working with cutting-edge technology at the IT consulting firm, with a target of having 80,000 people dedicated to AI through hiring, acquisitions, and training initiatives. … Read more
Amazon Using Generative AI to Summarize Product Reviews
This feature provides a concise overview of what shoppers appreciated and disliked about the product, with a disclaimer that states the summary is “AI-generated from the text of customer reviews.”
Loopback Analytics Receives Strategic Growth Investment from PSG
Loopback Analytics, a leading provider of analytics and data-enabled services for health systems and life sciences organizations, has announced a strategic growth investment from PSG, a prominent growth equity firm specializing in partnering with software and technology-enabled services companies to accelerate their growth. Neil Smiley, the founder of Loopback, will continue serving as CEO alongside … Read more
Carta Healthcare Raises $25 Million in Series B Funding with Additional Backing from Memorial Hermann Health System and UnityPoint Health
The new funding will enable Carta Healthcare to scale its operations and further advance product development, ultimately making their solutions more accessible to a wider range of health systems.