Silicon Valley Journals 
Bionano Genomics has announced a major reduction in its workforce, laying off 45% of its staff, or 84 employees, as part of a broader reorganization plan. The decision, effective from September 4, aims to reduce expenses and streamline operations, focusing on conserving cash and maximizing the use of existing optical genome mapping (OGM) systems. The … Read more
Paris-based Elum Energy, a leader in advanced energy management solutions, has successfully raised $13 million in Series B funding. The round was led by Energize Capital, with participation from existing investors Alter Equity and Cota Capital. This new investment will propel the company’s growth, support its U.S. market entry, and advance its product development in … Read more
CardiaTec, a biotech company based in Cambridge, UK, has raised $6.5 million in seed funding to accelerate the development of its computational drug discovery platform targeting cardiovascular disease. The round was led by Montage Ventures, with participation from Continuum Health Ventures, Laidlaw Ventures, APEX Ventures, and several high-profile individual investors, including Dr. Maximilien Levesque and … Read more
Sandy Springs-based UPS is laying off additional employees as part of its ongoing efforts to improve profitability. This follows the company’s earlier announcement in January that it would cut 12,000 management jobs. While UPS has not provided specific numbers for this latest round of layoffs, it stated Monday that these cuts are part of a … Read more
NetherRealm Studios has laid off its entire mobile division, marking another significant blow to the gaming industry, which has seen widespread job cuts in recent years. The layoffs were confirmed through LinkedIn updates and posts on ResetEra, where affected employees revealed they had received termination notices. Many of those impacted were long-serving staff who had … Read more
Maximum Entertainment has laid off employees at its subsidiary Merge Games and closed the studio’s Chelford, England office as part of a wider cost-cutting initiative. The move comes in line with the company’s ongoing consolidation strategy aimed at streamlining operations. In a statement provided to GamesIndustry, CEO Christina Seelye said, “We made the difficult but … Read more
London-based startup Capsa AI, which aims to transform the private equity due diligence process, has raised £1.7 million in a Seed funding round just eight months after its founding. In this short time, Capsa AI has already become a revenue-generating business, managing over $30 billion across the US, UK, and Germany. Capsa AI’s platform uses … Read more
Reonic, a climate tech SaaS company, has raised €13 million in a Series A funding round led by Northzone, with participation from Point Nine and Puzzle Ventures. The startup, founded in 2021 in Augsburg, Bavaria, aims to accelerate the deployment of renewable energy solutions across Europe by digitizing workflows for small and medium-sized enterprise (SME) … Read more
Korint, a pioneering Insurtech startup, has successfully secured €5 million in its latest funding round, led by Ventech with continued backing from 360 Capital. This Series B round brings the company’s total funding to €7 million. The new investment comes just 18 months after Korint’s initial funding and the rollout of its groundbreaking “Core Insurance … Read more
Mangomint, a leading salon and spa software provider, has announced a $35 million Series B funding round alongside the launch of new marketing automation features tailored for beauty and wellness businesses. Established in 2017, Mangomint has dedicated itself to boosting efficiency and leveraging automation to help independent salons and spas reduce costs, save time, and … Read more