Sprinklr, a US-based customer experience management platform, laid off around 116 employees (3% of its workforce) to realign its customer operations team. This is the second round of layoffs in over a year, following a 4% headcount reduction in February 2022. The company is headquartered in New York and serves global brands including Microsoft, Samsung, and P&G.
Source: https://techcrunch.com/
Business | Rating: 51 | 2024-05-03 06:25:12 PM |
Startups have gone public in a less-than-ideal market, with some receiving positive returns. Despite this, only a dozen tech IPOs are expected this year, according to Greg Martin, co-founder of Rainmaker Securities. The IPO successes were delayed, with Martin initially expecting a flood of IPOs in Q1.
Source: https://techcrunch.com/
Startups | Rating: 42 | 2024-05-03 06:15:09 PM |
EQT, a Swedish investment firm, has acquired WSO2, a company providing API management and identity and access management services, for over $600 million. EQT will hold a significant majority stake in WSO2, with terms of the deal remaining undisclosed.
Source: https://techcrunch.com/
Mergers | Rating: 47 | 2024-05-03 05:55:09 PM |
Riley Testut, a high school student, discovered a way to load illicit software on graphing calculators in 2011. He later developed the Delta emulator, which spent 10 years trying to get approved by the iOS app store. No specific statistics or notable locations mentioned.
Source: https://techcrunch.com/
Tech | Rating: 38 | 2024-05-03 05:35:07 PM |
Climate tech startups raised $8.1 billion in the first quarter of 2023, a 400% increase in value compared to the previous quarter. The number of deals decreased slightly, but the sector remains resilient, defying the slowdown in the venture community.
Source: https://techcrunch.com/
Climate | Rating: 49 | 2024-05-03 05:35:07 PM |
Cloud infrastructure revenue grew 21% to $76 billion in Q1 2024, driven by demand for generative AI and data storage. The market saw a $13.5 billion increase from the previous quarter, according to Synergy Research.
Source: https://techcrunch.com/
2024-05-03 05:25:08 PM |
Spotify is introducing a new feature that will restrict access to song lyrics for non-premium users. The move aims to encourage free users to upgrade to its paid service. No specific details on the update have been announced yet.
Source: https://techcrunch.com/
Music | Rating: 38 | 2024-05-03 04:05:07 PM |
Alex Kayyal, a partner at Lightspeed Venture Partners, advises early-stage startups to prioritize revenue growth by saying no to customers. This approach helps startups generate revenue quickly, a key metric for investors, and increases chances of securing funding for the next round.
Source: https://techcrunch.com/
Business | Rating: 49 | 2024-05-03 03:45:04 PM |
UnitedHealth Group and its subsidiary Change Healthcare suffered a ransomware attack, potentially impacting one-third of the US population. The attack has raised concerns about data privacy and security. The incident highlights the need for responsible data handling practices.
Source: https://techcrunch.com/
Cybersecurity | Rating: 53 | 2024-05-03 03:45:04 PM |
NASA starts environmental assessment of Wallops Island facilities to increase rocket launches by 200%. The move aims to ease congestion at other US spaceports, which have been strained by SpaceX's rapid launch capacity growth.
Source: https://techcrunch.com/
Space | Rating: 47 | 2024-05-03 03:35:09 PM |