Silicon Valley Journals

Global Brain has invested in Sibros Technologies, Inc., a company developing technologies to power the connected vehicle ecosystem for all vehicle types and architectures

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Global Brain has invested in Sibros Technologies, Inc., a company developing technologies to power the connected vehicle ecosystem for all vehicle types and architectures

Global Brain is delighted to announce investment in Sibros through its GB-VIII Growth Fund Investment Limited Partnership (GB-VIII). Energy Impact Partners, Google, Moneta Ventures, Nexus Venture Partners and Qualcomm Ventures are existing investors in Sibros. Sibros has developed its’ Deep Connected Platform that enables auto OEMs to effectively handle their growing reliance on software in … Read more

Gary Community Ventures Announces Resignation of Mike Johnston

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Gary Community Ventures Announces Resignation of Mike Johnston

Gary Community Ventures announced today the hiring of Santhosh Ramdoss as temporary president and CEO, following the departure of Mike Johnston, the company’s former president and CEO. Ramdoss has previously served as Gary Community Ventures’ chief investment officer and will begin his new role immediately. “Mike’s love for the people of Colorado has made him … Read more

Sema4 layoffs another 448 employees amid the discontinuation of reproductive health testing

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Sema4 layoffs another 448 employees amid the discontinuation of reproductive health testing

Sema4 announced this week that it will close its reproductive health testing and services division by early next year, laying off roughly one-third of its workforce. The company joins a handful of other medtech developers that have recently reduced their workforces following the release of less-than-stellar third-quarter earnings reports. This decision would allow Sema4 to … Read more

Freon Logistics, a California-based Carrier Company Files for Bankruptcy

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Freon Logistics, a California-based Carrier Company Files for Bankruptcy

Freon Logistics, based in Bakersfield, California, declared bankruptcy earlier this week. According to media sources, the abrupt filing startled employees, kept them waiting for paychecks, and left many stranded. A Bravo Street Media TikTok video report posted on the Kern County Activities account shows drivers protesting at Freon Logistics’ offices. According to the footage, the … Read more

Nuro Layoffs 20% of Workforce, a Autonomous Delivery Startup

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Nuro Layoffs 20% of Workforce, a Autonomous Delivery Startup

Nuro, the autonomous vehicle delivery startup backed by SoftBank, Google, and Tiger Global Management, is laying off about 300 people, or 20% of its workforce, in an effort to conserve cash amid a bleak economic outlook. Several Nuro employees also expressed their dissatisfaction with the layoffs on Twitter and LinkedIn this morning. Co-founders Jiajun Zhu … Read more

Carvana lays off 1,500 employees following stock free fall

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Carvana lays off 1,500 employees following stock free fall

Carvana is cutting off around 1,500 employees, or 8% of its workforce, on Friday, following a rapid slide in the company’s stock this year, a weaker used vehicle market, and concerns about the company’s long-term future. The layoffs add to an increasing number of tech-related job cuts in the face of rising interest rates, persistent … Read more

Helbiz Completes Acquisition of Wheels

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Helbiz Completes Acquisition of Wheels

Helbiz, Inc. (NASDAQ: HLBZ), a leader in micro-mobility, said today that the previously announced merger with Wheels Labs, Inc. (“Wheels”) has been completed. The acquisition is projected to boost the Company’s ability to function by expanding Helbiz’s footprint to 67 markets worldwide, creating a more diverse business model, and improving the Company’s financial profiles. Wheels … Read more

Wave Engine Corporation Raises $3.5 Million in Seed Financing Round

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Wave Engine Corporation Raises .5 Million in Seed Financing Round

North American Wave Engine Corporation (“Wave Engine Corp.”), a pioneer in the development of next-generation high-performance propulsion systems and aerial vehicles, today announced a $3.5 million seed round headed by Gula Tech Adventures. Kevin Mahaffey, the Abell Foundation, the Maryland Momentum Fund, and Asymmetry Ventures are among the other investors. The business recently announced the … Read more

Beam Raises $6.4M Series A to Create the Next Generation of the Social Safety Net

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Beam Raises .4M Series A to Create the Next Generation of the Social Safety Net

Beam, formerly known as Edquity, has announced a $6.4 million Series A round led by Potencia Ventures, with participation from other investors. The new financing will be used primarily to increase Beam’s increasing list of government partners and to expand its technology team in order to develop innovative solutions that assist local agencies in getting … Read more