Category: ohio
On-demand shuttle startup Via hits $2.25 billion valuation on latest funding round led by Exor
On-demand shuttle startup Via has hit a $2.25 billion valuation following a Series E funding round led by Exor, the Agnelli family holding company that owns stakes in PartnerRe, Ferrari and Fiat Chrysler Automobiles. The Series E funding round, which included other investors, totaled $400 million, according to a source familiar…
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FDA grants emergency authorization to system that decontaminates N95 respirator masks for re-use
The global coronavirus pandemic has meant that there’s a widespread effort to develop and advance creative solutions to new problems, like worldwide shortages of necessary front-line medical equipment. One piece of gear that’s necessary for protecting the health of medical workers treating COVID-19 patients are N95 respirator masks, which are…
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3D-printing company Formlabs expects its swabs to receive FDA exemption
Formlabs, the privately held, Massachusetts-based 3D-printing company, will soon receive an exemption from the U.S. Food and Drug Administration for its swab designed for use in COVID-19 test kits, TechCrunch has learned. Global supply chains for test kit components including swabs and chemical reagents have hampered the ability of governments…
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With the real estate industry facing headwinds, SoftBank-backed Compass lays off 15% of staff
Compass, the real estate brokerage startup backed by roughly $1.6 billion in venture funding, has laid off 15% of its staff as a result of the shifting economic fortunes created by the global response to the novel coronavirus pandemic, according to an internal email seen by TechCrunch. Citing economic fallout…
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Honda to shut down North American factories for six days
Honda said Wednesday it will shutter all of its North American factories for six days due to an expected decline in the market related to the economic fallout from the spread of COVID-19, a disease caused by coronavirus. The stoppage will affect about 27,600 Honda employees in North America, all…
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NASA’s Orion spacecraft completes testing ahead of Artemis 1 Moon mission
NASA has completed the testing process meant to simulate performance in in-space conditions for its Orion crew spacecraft, developed by Lockheed Martin and designed to carry crew on the agency’s Artemis missions, which aim to return the next American man and deliver the first American woman to the surface of…
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