Tag: Companies
Runa Capital closes Fund III at $157M, with an added focus on Quantum computing
VC fund Runa Capital was launched with $135M in 2010 and is perhaps best known for its investment into NGINX which powers many web sites today. In more recent years it’s participated or led investments into startups such as Zipdrug ($10.8M); Rollbar this year ($11M); and Monedo (for €20M). HQ’d…
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LetsGetChecked raises $71 million as COVID-19 epidemic makes home-testing increasingly vital
As the country wrestles with the COVID-19 epidemic, home health testing, checkups and diagnostics have never been more important and companies like LetsGetChecked are filling a void left in a U.S. healthcare system consumed by the outbreak. The surge in demand for the company’s services has led to an equal…
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RWDC Industries is a new startup hoping to become a bioplastics giant in Athens, Ga.
Daniel Carraway spent his entire career working in paper and bioplastics. The serial entrepreneur began his career at International Paper working in their research division before founding two previous companies which became cornerstones of the bioplastics industry. His latest venture, RWDC Industries, has raised $133 million in a recent financing…
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WeWork co-founder Adam Neumann accuses SoftBank of abusing its power in new lawsuit
WeWork co-founder Adam Neumann accused SoftBank Group of abusing its power in a new lawsuit filed Monday that alleges breach of contract and breach of fiduciary duty for pulling a $3 billion tender offer for WeWork shares. The lawsuit, filed in Delaware Court of Chancery, included a motion to consolidate…
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Uber subsidiary Careem to slash workforce by 31%, suspends bus transport app
Careem, the Dubai-based ride-hailing and delivery company that was acquired by Uber last year, is cutting its workforce by 31% and suspending its mass transportation business due to affects from the COVID-19 pandemic. The layoffs will affect more than 530 employees. Employees who are laid off will receive at least…
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Nvidia acquires Cumulus Networks
Nvidia today announced its plans to acquire Cumulus Networks, an open-source centric company that specializes in helping enterprises optimize their data center networking stack. Cumulus offers both its own Linux distribution for network switches, as well as tools for managing network operations. With Cumulus Express, the company also offers a…
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