Silicon Valley Journals

Kivu Bioscience Raises $92M Series A to Advance Safer, Targeted Cancer Therapies

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Kivu Bioscience Raises M Series A to Advance Safer, Targeted Cancer Therapies

Biotech firm Kivu Bioscience has secured $92 million in Series A funding, led by Novo Holdings, with additional participation from Gimv, Red Tree Venture Capital, HealthCap, BioGeneration Ventures, M Ventures, and BOM. The investment will support Kivu’s efforts to develop next-generation antibody-drug conjugates (ADCs) aimed at improving cancer treatment by minimizing side effects and increasing … Read more

iM3NY Cuts Workforce Amid Financial Struggles; Co-Founder Seeks New Investors

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iM3NY Cuts Workforce Amid Financial Struggles; Co-Founder Seeks New Investors

The lithium-ion battery gigafactory in Endicott, operated by iM3NY, laid off most of its workforce in a recent move aimed at conserving financial resources. According to Co-Founder Shailesh Upreti, the layoffs took place following a staff meeting on Monday and followed a smaller layoff the previous week. Once envisioned as a key player in establishing … Read more

GM Temporarily Furloughs 1,200 Workers in Ohio and Canada as UAW Strike Intensifies

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GM Temporarily Furloughs 1,200 Workers in Ohio and Canada as UAW Strike Intensifies

General Motors has temporarily furloughed over 1,200 workers in the U.S. and Canada amid the ongoing United Auto Workers (UAW) strike, which has now entered its second week. The latest cuts impact nearly 500 hourly employees in Ohio and almost 700 in Canada, as reported by The Telegraph. The prolonged industrial action has impacted GM’s … Read more

Mave Raised $2M in Funding to Launch AI Assistant for Real Estate Agents

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Mave Raised M in Funding to Launch AI Assistant for Real Estate Agents

Mave, the AI-powered assistant tailored for real estate agents, has raised CAD$2 million in pre-seed funding led by Relay Ventures and N49P, with additional backing from Alate Partners, Clarim Ventures, Gambit Partners, and angel investors, including a former Toronto Real Estate Board president. The funding supports the launch of Mave’s beta program, with over 6,000 … Read more

7 Mile Brands Invests $3M in Drumroll® to Expand Fresh-Snacking Market

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7 Mile Brands Invests M in Drumroll® to Expand Fresh-Snacking Market

7 Mile Brands, a consumer packaged goods (CPG) brand incubator founded by entrepreneurs Jason Cohen and Sammy Kestenbaum, has invested $3 million in Drumroll®, a leader in the fresh-snacking segment known for its innovative refrigerated donuts. With only 1g of sugar, 10g of protein, and just 190 calories, Drumroll® offers a guilt-free indulgence that appeals … Read more

Hasbro to Cut Jobs in Workforce Reduction Amid Operational Streamlining

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Hasbro to Cut Jobs in Workforce Reduction Amid Operational Streamlining

Hasbro announced that approximately 100 employees will be impacted by a workforce reduction as part of the company’s efforts to streamline operations and speed up its development process by three months. The layoffs will accompany a restructuring of positions and departments within the company. One of the significant changes involves the commercial integration of Hasbro’s … Read more

StoryCorps Lays Off Nine Employees Amid Cost-Cutting Efforts

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StoryCorps Lays Off Nine Employees Amid Cost-Cutting Efforts

StoryCorps, a Brooklyn-based nonprofit organization, laid off nine employees on Tuesday as part of a larger cost-saving plan aimed at balancing revenue with expenses and strengthening its financial position for 2025 and beyond, according to CEO Sandra Clark. The layoffs affected staff across various departments and levels within the organization. In an effort to avoid … Read more

Nokia Layoffs Hit 2,000 Jobs in China, 350 More Set for Europe

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Nokia Layoffs Hit 2,000 Jobs in China, 350 More Set for Europe

Multinational telecommunications company Nokia has laid off around 2,000 employees, representing nearly 20% of its workforce in Greater China, and is set to cut an additional 350 jobs across Europe. The layoffs are part of Nokia’s broader cost-cutting strategy aimed at saving between €800 million and €1.2 billion by 2026, according to Reuters, citing sources … Read more

Attention Secures $14M Series A to Drive AI-Powered Sales Enablement

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Attention Secures M Series A to Drive AI-Powered Sales Enablement

Attention, a platform transforming customer conversations into actionable insights, has raised $14 million in Series A funding. The round was led by Alven, with participation from Eniac, 645 Ventures, Aglae, Frst, and Liquid2. The funding follows a 10x revenue increase this year, with clients like Crunchbase, BambooHR, Aircall, and Clay benefiting from the platform’s AI-driven … Read more

Nooks Raises $43M Series B to Launch AI Sales Assistant Platform (ASAP)

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Nooks Raises M Series B to Launch AI Sales Assistant Platform (ASAP)

Nooks, a pioneer in AI-driven sales automation, announced the launch of its AI Sales Assistant Platform (ASAP) after securing $43 million in Series B funding. Led by Kleiner Perkins with participation from Lachy Groom and Tola Capital, this round brings the company’s total funding to $70 million. With 3 million inside sales representatives in the … Read more