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