Atomic AI Launches with $35 Million Series A Financing

Atomic AI Launches with  Million Series A Financing

Atomic AI, a biotechnology company fusing cutting-edge machine learning with state-of-the-art structural biology to unlock RNA drug discovery, launched today with a $35 million Series A round led by Playground Global, with participation from 8VC, Factory HQ, Greylock, NotBoring, AME Cloud Ventures, and renowned angel investors including GitHub ex-CEO Nat Friedman, Doug Mohr, Curai CEO … Read more

PagerDuty lays off 7% Staff

PagerDuty lays off 7% Staff

PagerDuty announced on Tuesday that it would lay off 7% of its personnel in order to ‘drive efficient growth and enhance operating margins,’ according to a regulatory filing. The company recorded $94.2 million in revenue for the December quarter, a 31.3% rise year over year. However, its net loss for the same period was $32.8 … Read more

The Washington Post has laid off 20 journalists

The Washington Post has laid off 20 journalists

According to an internal memo, The Washington Post lay off 20 staffers in its newsroom on Tuesday. The executive editor, Sally Buzbee, stated in the note that the firm had identified 30 unfilled positions that would not be filled. “Newsroom executives made these decisions following a careful and deliberate examination of our present roles and … Read more

Uber Freight Lays Off 150 staff

Uber Freight Lays Off 150 staff

Following a surge in hiring last year, online freight broker Uber Freight has laid off scores of employees. According to CNBC, around 150 employees, or 3% of Uber Freight’s entire staff, were recently laid off. According to the article, all of the laid-off employees were from the company’s digital freight brokerage section. The cause for … Read more

Lakeside Produce files for bankruptcy

Lakeside Produce files for bankruptcy

The bankruptcy of Lakeside Produce Inc. in Leamington, Ontario, will shake the produce business in North America. The firm is facing a total of $187,889,241 in claims. Lakeside’s assets are valued at $3,580,233. The bankruptcy petition was filed on January 17. The Dispute Resolution Corporation in Ottawa provided its public data on this astonishing development … Read more

Serta Simmons files for bankruptcy

Serta Simmons files for bankruptcy

Serta Simmons Bedding has filed for pre-arranged bankruptcy in Houston, Texas, in order to reduce company debt from $1.9 billion to $300 million and settle legal claims. The bedding manufacturer intends to achieve this by converting old loans into new loans and exchanging other debt for equity. Meanwhile, the company is running regularly, but it … Read more

Scythe Robotics Secures $42M Series B

Scythe Robotics Secures M Series B

Scythe Robotics, a startup that develops innovative, commercial-grade autonomous solutions for the professional landscaping sector, announced today that it has raised $42 million in Series B funding. Energy Impact Partners led the investment, which also included new investors ArcTern Ventures, Alumni Ventures, and Amazon’s Alexa Fund, as well as participation from current investors True Ventures, … Read more

Tribes Messenger Raises $3.3M

Tribes Messenger Raises .3M

Tribes, the Web3-native messaging platform for everyone from DMs to DAOs, said today that it has raised $3.3 million in pre-seed funding led by Kindred Ventures, South Park Commons, and Script Capital. Tribes also announced the debut of their social wallets, the first combined messaging and wallet product that lays the groundwork for unleashing the … Read more