Silicon Valley Journals 
Akia, a customer experience automation platform, has raised $6 million in Series A funding. Altos Ventures, based in California, led the funding, with participation from GSR Ventures, who led the previous seed round. Since its inception in 2019, Akia has continuously experienced 3x year-over-year growth, especially in the hospitality industry. The current market conditions, as … Read more
ADARx Pharmaceuticals, Inc., a clinical-stage biotechnology company creating RNA-targeting medicines, announced today the completion of a $46 million Series B-1 investment to advance the Company’s drug development pipeline as its first candidate approaches the clinic. The Series B-1 was led by Ascenta Capital, with participation from the current syndicate of OrbiMed Advisors, SR One Capital … Read more
Architect announced today the completion of a $5 million pre-product funding round to develop adaptive infrastructure technologies that would allow institutions to trade between controlled and decentralized digital asset markets. Circle Ventures, Coinbase Ventures, SV Angel, SALT Fund, P2P, Third Kind Venture Capital, and Motivate Venture Capital are among the investors in the round, as are … Read more
Quad-C Management, a leading middle market private equity firm, and Entegris, Inc., a leading supplier of advanced materials and process solutions for the semiconductor and other high-technology industries, announced today that they have reached a definitive agreement for Quad-C to acquire QED Technologies International, Inc. (QED) from Entegris. QED provides cutting-edge MRF polishing and SSI … Read more
Navitas Semiconductor has agreed to purchase Halo Microelectronics’ remaining minority interest in its silicon control IC joint venture for USD 20 million in Navitas stock. In 2021, Navitas and Halo formed a joint venture to develop application-specific silicon controllers optimized to work with Navitas GaN ICs, with the goal of setting new norms for efficiency, … Read more
Sprout Social, a market-leading provider of social media management software, announced today the purchase of Repustate, a business that specializes in sentiment research and natural language processing. With the addition of sentiment analysis, natural language processing (NLP), and artificial intelligence, Sprout will expand the strength, breadth, and automation of its social listening, messaging, and customer … Read more
Hubilo, an online and offline event management platform, has now laid off 35% of its workforce, or 115 employees, across all divisions, as it restructures its business to focus on the mid-market segment, rather than small businesses (SMBs) and individual organizers, according to people familiar with the developments. The cost-cutting effort comes after the Lightspeed-backed … Read more
Google is cutting off 12,000 workers, or approximately 6% of its workforce, becoming the latest tech giant to cut personnel as the industry’s economic boom during the COVID-19 epidemic comes to an end. Sundar Pichai, CEO of Google’s parent company Alphabet, told employees of the layoffs in an email that was also posted on the … Read more
Fandom Entertainment has laid off an undefined number of staff across several properties, including Giant Bomb, GameSpot, and Metacritic. These properties are primarily focused on publishing content related to gaming and television shows. According to Variety, the company employs over 500 workers, and the layoffs have affected roughly 10% of its workforce across many locations. … Read more
Genesis Global Holdco, a cryptocurrency lender, declared bankruptcy late Thursday, becoming the second crypto company to do so following the collapse of FTX, the exchange founded by Sam Bankman-Fried. Genesis and a clutch of other huge loan firms enticed millions of customers a year ago with the promise of depositing their crypto holdings and earning … Read more