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Daniel Levi @ Startups News · 03/14/2023 10:56 EDT

The Silicon Valley Bank Contagion is unlikely to affect fundraising for Southeast Asia startups, venture capitalists say

The collapse of Silicon Valley Bank (SVB) on Friday afternoon left venture capital firms, tech companies, and startups scrambling in uncertainty. Then over the weekend, the FDIC, Treasury, and the Federal Reserve stepped in to reassure depositors their cash is […] Read more ›

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Startups News
Nickie Louise @ Startups News · 03/14/2023 10:02 EDT

Meta to lay off 10,000 employees in second round of job cuts, just four months after it let go 11,000 employees

Facebook-parent company Meta announced on Tuesday it would cut 10,000 jobs, just four months after it let go 11,000 employees, making the social giant the first Big Tech company to announce a second round of mass layoffs. In a message […] Read more ›

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Startups News
Nickie Louise @ Startups News 2 place · 03/14/2023 08:57 EDT

Samsung Next backs a $45M investment in Israeli startup Mitiga to transform incident response for cloud and SaaS environments

In 2022, it was estimated that 90 percent of organizations had a hybrid and multi-cloud environment. This opens up the potential for hackers and bad actors to move between on-premises data centers and cloud providers, as well as lateral attacks […] Read more ›

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Startups News
Nickie Louise @ Startups News 3 place · 03/13/2023 23:27 EDT

Top startup news for Monday, March 13, 2023: Amazon, Connectd, Meta, Pfizer, Rivian, Qualtrics, and SaasGuru

Good evening! Below are some of the top tech startup news stories for Monday, March 13, 2023. Meta winds down NFTs on its platforms amid the crypto bust As the crypto market continues on its downward spiral, Facebook parent company Meta […] Read more ›

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Startups News
Daniel Levi @ Startups News · 03/13/2023 16:48 EDT

Pfizer acquires cancer treatment biotech firm Seagen for $43 billion

Pfizer has acquired Seattle-based cancer treatment biotech firm Seagen for $43 billion. In an announcement on Monday, Pfizer CEO Albert Bourla said the acquisition will enable the pharmaceutical giant to deliver Seagen’s cancer therapy to the world “at a scale […] Read more ›

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Startups News
Daniel Levi @ Startups News · 03/13/2023 12:32 EDT

Qualtrics acquired for $12.5 billion by Silver Lake and CPP Investments

Last week we wrote about Qualtrics after the survey software company received a $12.4 billion buyout offer from Silver Lake and Canada’s CPPIB. Today, Silver Lake and CPP Investments announced it plans to acquire Qualtrics for $12.5 billion, making it […] Read more ›

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Startups News
Nickie Louise @ Startups News · 03/13/2023 11:52 EDT

Connectd raises $2.6 million to help grow and manage relationships in the startup ecosystem

Relationships, networking, and community are critical to building a successful startup. These critical components provide startups with access to resources such as funding, mentorship, talent, and industry knowledge that can help them succeed. By connecting with other entrepreneurs, investors, and […] Read more ›

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Startups News
Nickie Louise @ Startups News · 03/13/2023 10:52 EDT

Rivian in talks to end exclusivity deal with Amazon for its EV trucks in an effort to court new customers

Electric vehicle (EV) maker Rivian Automotive is in talks with its largest shareholder Amazon to end the exclusivity part of their electric van deal, CNBC reported, citing the company spokeswoman. As we reported back in 2019, Amazon had placed an […] Read more ›

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Startups News
Nickie Louise @ Startups News 2 place · 03/13/2023 09:57 EDT

Edtech startup SaasGuru lands $2.7M for its cloud skills and workforce development platform

SaasGuru, an EdTech startup founded to solve the cloud skills crisis by creating the bridge between learning and certifications, announced today it has closed $2.7 million (A$4 Million) in funding to transform the industry and redefine the way people approach […] Read more ›

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Startups News
Daniel Levi @ Startups News · 03/13/2023 09:06 EDT

Why did Silicon Valley Bank collapse? Here’s why the Federal Reserve may be responsible for the collapse of Silicon Valley Bank

Silicon Valley Bank (SVB) is the US’s 16th largest bank that mostly served venture capital firms and tech companies and startups, including some of Silicon Valley’s biggest names, such as Roku. With over 200 billion dollars of assets, Silicon Valley Bank […] Read more ›

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Startups News
Daniel Levi @ Startups News · 03/12/2023 20:48 EDT

U.S. government guarantees Silicon Valley Bank customers will have access to all of their deposits starting Monday

As the Silicon Valley Bank situation unravels by the hour, the US financial regulators announced Sunday night that depositors of the failed Silicon Valley Bank will have access to all of their money starting Monday, March 13 In a joint statement, […] Read more ›

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Startups News
Nickie Louise @ Startups News 1 place · 03/11/2023 23:02 EDT

Elon Musk to buy Silicon Valley Bank after collapse, “I’m open to the idea”

Tesla and Twitter CEO Elon Musk said he is open to the idea of buying the collapsed Silicon Valley Bank (SVB) and turning it into a digital bank. Musk made the revelation while responding to a tweet by Min-Liang Tan, […] Read more ›

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Startups News
Nickie Louise @ Startups News 1 place · 03/10/2023 21:30 EDT

Top tech startup news for Friday, March 10, 2023: Bitcoin, GM, Logan Paul, Meta, and Silicon Valley Bank

Good evening! It’s another light news Friday. As a result, we’ll keep it short and sweet..Below are some of the top tech startup news stories for Friday, March 10, 2023.   General Motors (GM) is exploring the use of ChatGPT […] Read more ›

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Startups News
Nickie Louise @ Startups News 2 place · 03/10/2023 11:09 EDT

Silicon Valley Bank is on verge of collapse as VC firms urge startups to withdraw funds from crisis-laden bank; stock down 70%

Venture capital firms are urging tech startups and companies in their portfolio companies to move money out of embattled lender Silicon Valley Bank.  On Friday, the trading of SVB Financial Group’s shares, the holding company of Silicon Valley Bank, was […] Read more ›

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Startups News
Daniel Levi @ Startups News 1 place · 03/10/2023 09:22 EDT

Meta is planning to launch a rival social media app to displace Twitter as the world’s “digital town square”

After losing billions of dollars on its ambitious metaverse project, Facebook’s parent company Meta is now setting its sight on Twitter. According to an exclusive report from Reuters, Meta Platforms is currently exploring plans to launch a new social media […] Read more ›

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Startups News
Daniel Levi @ Startups News · 03/10/2023 08:59 EDT

DaoMaker’s Degen Zoo builds abandoned Logan Paul game in 30 days

Not sure how many of you have been paying attention to the entire YouTuber Logan Paul’s CryptoZoo drama. His CryptoZoo NFT project was a total mess but later he issued an apology to his fans and investigative reporter CoffeeZilla. But […] Read more ›

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Startups News
Nickie Louise @ Startups News · 03/10/2023 08:00 EDT

More than $70 billion wiped off crypto market in 24 hours as bitcoin plunges 8%; sinks to a new low of $19,600

After several weeks of good news, Bitcoin experienced a significant drop on Friday and fell below the $20,000 mark, hitting a low point not seen in almost two months. The world’s most popular cryptocurrency plunges as low as $19,613 before […] Read more ›

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Startups News
Nickie Louise @ Startups News 2 place · 03/09/2023 21:18 EDT

Top tech startup news for Thursday, March 9, 2023: KuCoin, Lilium, Monnai, Silvergate, and Spotify,

Good evening! Below are some of the top tech startup news stories for today Thursday, March 9, 2023. Monnai lands $6.5M Series A funding to connect disparate data sources through a single API, so fintechs can focus on growth The […] Read more ›

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Startups News
Daniel Levi @ Startups News 3 place · 03/09/2023 20:56 EDT

Meet Randy Nonnenberg, a 45-year-old who turns a one guy’s car blog into a $1 billion car auction powerhouse

Randy Nonnenberg is a 45-year-old entrepreneur and the co-founder of Bring a Trailer (BaT), an online platform and a community-based auction marketplace for buying and selling unique and rare vehicles. The site curates classic, collector, and enthusiast vehicles submitted by […] Read more ›

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Startups News
Daniel Levi @ Startups News · 03/09/2023 18:55 EDT

New York sues KuCoin as US intensifies crackdown on crypto companies

New York’s attorney general Letitia James on Thursday sued KuCoin for failing to register with the state before allowing investors to buy and sell cryptocurrencies on its platform. The move is part of the state’s effort to rein in what […] Read more ›

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