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Times Internet spin-out Abound raises $14M to let more Indian Americans send money home

Abound, a remittance app that was spun off by Times Internet in 2023, has raised $14 million in its first external funding round...

Read the email Jack Dorsey sent when he cut 931 of Blocks staff

Fintech Block laid off 931 people, roughly 8% of the company’s staff, on Tuesday, according to a leaked message from the company seen...

Bench is charging people for services they already paid for, some customers say

After Employer.com acquired bankrupt accounting startup Bench in a fire-sale late last year, CEO Jesse Tinsley pledged on LinkedIn and elsewhere to honor...

Scimplify raises $40M to help manufacturers access specialty chemicals

Scimplify, an Indian startup that helps pharmaceutical and agriculture companies access a range of specialty chemicals, has raised $40 million in a new...

Equator closes $55M fund to bring more private capital to African climate tech

African venture capital firm Equator has raised $55 million for its first fund, which will back climate tech startups through one of the...

Infinite Uptime bags $35M to help factories optimize equipment usage

Infinite Uptime, an Indian startup that offers predictive maintenance solutions for factories, has raised $35 million in a Series C funding round to...

Not all cancer patients need chemo. Ataraxis AI raised $20M to fix that.

Artificial intelligence is a big trend in cancer care, and it’s mostly focused detecting cancer at the earliest possible stage. That makes a...

Apple Watch shipments surge in India

Smartwatch shipments in India dipped annually for the first time in 2024, as consumers moved away from cheap, unknown brands. Apple bucked the...

OpenAI scrubs diversity commitment web page from its site

OpenAI has eliminated a page on its website that used to express its commitment to diversity, equity, and inclusion. The URL “https://openai.com/commitment-to-dei/” now...

Insurance cos stand to lose billions from disasters like the LA fires; Comulate raises $20M to build tech to help them work more smoothly

Unimaginable disasters like the fires in Los Angeles with their hundreds of billions of dollars in destruction put a huge focus on the...

Bird cuts 120 jobs as part of strategic realignment

Cloud communication service Bird has cut 120 jobs — roughly one-third of its total workforce. The Amsterdam-based firm — formerly known as MessageBird...

Sprinklr cuts 500 employees, citing underwhelming business performance

Sprinklr, a U.S. firm providing a customer experience management platform to global brands, has laid off about 15% of its workforce — around...

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