Startups

WeWork’s Chairman Marcelo Claure terminates 13 people for abusing vendor policies

WeWork's Marcelo Claure - the Chairman, has sent a memo to employees that states the company has investigated policy abuse and fired 13 employees.  Mr. Laure has further mentioned that layoff did not only happen at one office location but from all regions of...

Google to start the accelerator program for climate change startups 🚀

Google is planning to launch an accelerator program to support the startups working to measure climate change, environment, sustainability, and similar projects. Kate Brandt, Chief Sustainability Officer at Google, while attending the Web Summit 2019 tech event in Lisbon, Portugal announced the future...

Indian Startups have raised $11.3B this year; a record

With two months left in 2019, Indian tech startups are already having a great year as a record amount of $11.3B has flown into the local ecosystem of the country, as reported by TechCrunch.  This is the first time that Indian startups have raised...

SoftBank to take charge of WeWork

WeWork, an American commercial real estate company that provides shared workspaces for technology startups, founded in 2010. Eventually, after the ouster of its Co-founder Adam Neumann, the company lost its valuation from heft $47 billion to $7.5 billion, as reported by CNBC. WeWork...

Canva now valued at $3.2 billion after $85 million fundraise

Canva is now valued at $3.2 billion after an $85 million fundraise by Mary Meeker’s venture capital firm joined by General Catalyst, Bessemer Venture Partners, Blackbird, and Sequoia China. It is an eye-popping new valuation as the amount has dramatically increased from  $2.5 billion...

AI-based health startup Healx raises $56M

Healx, a UK-based biotechnology startup, has secured a $56 million in Series B funding to combat rare diseases using AI as reported by Bloomberg. This funding round was headed by Atomico, an investment company led by Swedish billionaire and founder of Skype Niklas...

WeWork to lay-off 2,000 employees; amid IPO crisis

WeWork planned to cut 2,000 jobs at the end of October 2019 after the failed IPO. WeWork — an American commercial real estate company that provides co-working space to companies and startups was founded in 2010. The company has over 800 locations worldwide...

Latest News

Microsoft claims that the suspected Russian hackers might have accessed the Microsoft source code as well. This was done as part of the same act, which has diagnosed several renowned US...