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Amazon Lays Off Hundreds in Alexa Division, Focuses on Generative AI

Amazon confirmed layoffs in its Alexa division to focus on generative AI, aligning with customer needs and company restructuring….

E-Commerce /

November 21, 2023

Society Brands Raises Additional $25 Million in Equity Funding to Strengthen Its Position in the Market

Society Brands, a tech-enabled consumer products company has announced the successful raise of an additional $25 million in equity funding, bringing its total…

E-Commerce /

October 17, 2023

Amazon Invests $4 Billion in AI Startup Anthropic and Acquires Minority Stake

Amazon is making a significant move in the AI sector with a $4 billion investment in AI startup Anthropic. Founded by former OpenAI…

E-Commerce /

September 25, 2023

Shop Circle Raises $120 Million in Series A Round to Build the Leading Software Suite

Shop Circle, a software provider specializing in tools for e-commerce brands, has successfully raised $120 million in a Series A funding round. The…

E-Commerce / Software /

September 6, 2023

Amazon Acquire Fig, a Command Line Startup to Enhances Developer Experience

Amazon has made a strategic move in the tech realm by acquiring Fig, a startup that specializes in optimizing the command line terminal…

E-Commerce / Software /

August 31, 2023

Featured

WEX Venture Capital Looking to Invest up to $100M

WEX, a global commerce platform, has announced the establishment of its new investment arm, WEX Venture Capital, with an initial investment of up…

E-Commerce / Software /

July 27, 2023

Exclusive

Walmart lays off hundreds of workers at e-commerce facilities

As the big-box retailer and other retailers prepare for a difficult year ahead, Walmart is laying off hundreds of staff at e-commerce operations…

E-Commerce /

March 24, 2023

Amazon lay off 9,000 workers in a new round of layoffs.

Amazon will continue to send customers to unemployment offices across the country as it plans to lay off another 9,000 workers, bringing the…

E-Commerce /

March 21, 2023

GrubMarket expands its reach with the acquisition of Washington-based produce distributor

GrubMarket, a San Francisco-based online marketplace for farm-fresh produce, has acquired Washington-based produce distributor, Fresh Choice Produce. The acquisition, which was completed earlier…

E-Commerce /

March 8, 2023

Oofos Raised $7.7M Venture Funding

Oofos, a footwear brand known for its recovery footwear for both men and women, has announced a funding of $7.7 million in a…

E-Commerce /

March 2, 2023

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