Tech

Gusto raises an extension round, following Faire as unicorns react to a changing market

Gusto, an HR technology unicorn worth nearly $10 billion, has raised an extension to its 2021-era Series E funding round. That funding event included $175 million in primary capital, a tranche of secondary shares and a tender offer. EquityZen first noted the new capital raise from Gusto based on its review of publicly available filings, …

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Congress asks Meta, TikTok, YouTube and Twitter to archive evidence of Russian war crimes

Four U.S. representatives signed letters to the CEOs of Meta, TikTok, YouTube and Twitter urging them to archive any content uploaded to their platforms that could be used as evidence of Russian war crimes. As TikTok booms in popularity and surpasses 1 billion users, the rise of short-form video has offered unprecedented access to live …

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Simulation meets observation in first image of the supermassive black hole at our galaxy’s center

As countless science and general news outlets have reported today, the image of Sagittarius A*, the supermassive black hole at the center of our galaxy, is a fabulous scientific achievement. But one aspect that hasn’t gotten quite as much attention is the central role played by simulations and synthetic data in the discovery. If you …

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Scott Galloway’s edtech startup, Section4, lays off a quarter of staff

Section4, an upskilling startup launched by prominent NYU professor Scott Galloway, has laid off a quarter of staff sources say. The layoffs, which occurred last week, affected employees across all levels of seniority and teams, but specifically targeted a majority of the product team. The startup first splashed onto the scene in 2019 with a …

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Crypto winter is coming

Hello and welcome back to the Chain Reaction podcast, where we unpack and explain the latest crypto news, drama and trends, breaking it down block by block for the crypto curious. You’ve probably gotten the memo that the markets are suffering, and crypto is getting hit especially hard. On this week’s episode, we talked through what an …

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Ex-Meta crypto chief David Marcus launches Bitcoin payments startup backed by a16z and Paradigm

After his departure from Facebook in November, many crypto industry insiders speculated where long-time executive David Marcus would land. Today, the former Messenger boss and Paypal executive offered some early details on his next company Lightspark which will be building on Bitcoin’s Lightning network. Marcus will serve as CEO with a number of ex-Meta crypto …

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Getting high on HRI

I know I keep teasing how excited I am about July’s big robotics event, but it’s precisely because of panels like the one we announced earlier this week. We’ve got Rodney Brooks and Clara Vu teaming up for a 2-on-1 fireside to discussing the changing face of human-robot interaction. It’s a big, broad and important …

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Tidio raises $25M to automate customer service interactions

During the pandemic especially, it’s become overwhelming for small- and medium-sized businesses (SMBs) to answer all of their customer service requests. A Freshworks survey found that companies experienced a 71% increase in overall contact volume between February 2020 and January 2021, and expect it to increase further. At the same time, customers — while empathetic …

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Terra resumes blockchain production after halting to prevent hacks amid UST crash

Terraform Labs, the company behind the Terra USD (UST) and Terra (LUNA) cryptocurrencies, briefly halted the Terra blockchain for two hours on Thursday following the Terra ecosystem’s meltdown this week, which caused its stablecoin, UST, to crash, taking with it the rest of the cryptocurrency market. The halt meant no new blocks were being generated …

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