Monthly Archives: August 2022

After making V8s more efficient, Tula turns its hand to EVs

Enlarge / Riding in Tula’s DMD-equipped Chevrolet Bolt EV. (credit: Roberto Baldwin) SAN JOSE, CALIF.—Electric vehicles are all about small gains in efficiency leading to increased range. Reduce the drag, tweak the acceleration curve, and increase the regenerative braking, and you get a few more miles. Car tech company Tula has come up with another…

Startups have to pay back all that equity compensation someday

This earnings season has not been kind to all companies. While there have been some notable wins, including well-received results from Uber and Amazon, other major tech companies fared poorly in the wake of their second-quarter financial reports. However, two companies that posted results that were disfavored by investors, Airbnb and Snap, are interesting for…

Twitter now lets all businesses display location and contact info on their profiles

Twitter announced today that all businesses with professional accounts can now display their location address, hours of operation and additional contact information on their profiles via its Location Spotlight feature. The social network says the feature also gives customers a way to reach businesses directly via phone, text, email or DMs. Prior to the expansion,…

Digital marketplace Clutch closes $1.2M pre-seed round led by Precursor Ventures

Digital marketplace Clutch announced today the closing of a $1.2 million seed round led by Precursor Ventures. The company, founded in 2020 by Madison Long and Simone May, hails itself as one of the earliest people-first creator economy platforms to connect individuals to businesses looking for marketing and content creation. “We’re very passionate about being…

SoundCloud will reduce its workforce by around 20%, blaming the weak economic environment

As word of layoffs ricochets around the world, SoundCloud will, unfortunately, join the masses. The audio distribution and music sharing platform plan an approximate 20% reduction of its global workforce. SoundCloud CEO Michael Weissman emailed employees, informing them that U.S. and U.K. staff will be notified if they’re impacted over the next few days. The company…

BlackRock hops on bitcoin bandwagon with new Coinbase tie-up

After years of resisting, the world’s largest asset manager has finally taken the plunge into crypto in a substantial way. BlackRock, which oversees $10 trillion in assets, is partnering with publicly-traded Coinbase to provide its institutional clients with access to cryptocurrency. Bitcoin is the first digital asset being offered through the partnership, according to a…

Ghost Security emerges from stealth to defend APIs and apps from attackers

Ghost Security, which its founders describe as an “app security” company, today emerged from stealth with $15 million in combined funding from 468 Capital, DNX Ventures, and Munich Re Ventures at a $50 million valuation. CEO Greg Martin said that the capital will go toward expanding the team, building Ghost’s product, and launching pilots with…