Detroit’s Ludlow Ventures goes for fund four
Ludlow Ventures, an 11-year-old, Detroit-based seed-stage venture firm, is in the process of closing on $65 million in capital commitments for its fourth and newest fund, shows SEC paperwork filed this week. We reached out to firm founder Jonathon Tr.....»»
GM"s Marissa West looks to connect with retailers as she oversees North American operations
While growing up, General Motors' first female North American president would collect brochures at the Detroit auto show and pretend to run her own dealership......»»
BforeAI raises $15 million to stop attacks before they occur
BforeAI has secured $15 million in Series A funding led by SYN Ventures, with renewed participation from early investors Karma Ventures, Karista, Addendum Capital, and a new investment from the Partnership Fund for New York City. BforeAI autonomously.....»»
Startup financing gender gaps greater in societies where women are more empowered: Study
Commercial bankers provide capital to fund the operations and growth of businesses. However, as these lenders evaluate entrepreneurs who apply for loans, gender bias leads to women being denied more often than their male counterparts......»»
CEO Mary Barra"s pay declined 3.9% to $27.8 million as GM missed stock targets
After eight consecutive years as the highest-paid Detroit 3 CEO, Barra's compensation trailed the $39 million Stellantis shareholders approved for Carlos Tavares......»»
Prophet Security emerges from stealth and raises $11 million
Prophet Security emerged from stealth with $11 million in seed financing led by Bain Capital Ventures (BCV) with participation from several security leaders and angel investors. At the core of the company’s unveiling is Prophet AI for Security Oper.....»»
Stellantis lays off 199 at Ram 1500 plant in suburban Detroit
The layoffs in Sterling Heights, Mich., took effect Monday as the automaker continues to trim its head count......»»
How to Create Your Own Android App Without Coding Knowledge: A Guide to Using App-Building Platforms
In today’s digital age, having the ability to create an app can significantly enhance your personal or business ventures by increasing visibility and engagement. For those without a background in programming, visual development platforms offer.....»»
Level 3 automated driving brings potential benefits, safety concerns
With Level 3 automated technology reaching public roads, auto and safety experts weighed the benefits and ‘persistent challenges' of such systems Tuesday at the SAE WCX conference in Detroit......»»
What GM’s headquarters move to Hudson’s Detroit could cost
A local real estate expert said: 'One big caveat: Depending on how much space they are taking, they may be getting a deal of all deals.'.....»»
GM plans headquarters move from RenCen to new skyscraper in downtown Detroit
For GM, the deal makes the automaker a long-term fixture in the revival of Detroit’s downtown, which billionaire Dan Gilbert has been spearheading by acquiring and developing 45 major office, retail and hospitality properties......»»
Key facts about GM"s Renaissance Center headquarters
General Motors is expected to announce that it plans to move its world headquarters in Detroit's tallest building — the Renaissance Center — to the new Hudson's skyscraper less than a mile way in downtown Detroit. Here's the history......»»
GM"s 2025 headquarters move in Detroit reflects post-pandemic office space needs
GM has long been reported to be seeking a new location for its headquarters, which has been in Detroit's Renaissance Center since 1996......»»
Researchers say "loss avoidance" is all the rage in private equity
Private equity (PE) is known as a "high-risk, high-return" asset class. But as risk-averse institutional investors continue to up their stake in PE, private fund managers are expected to provide metrics that characterize the riskiness of their portfo.....»»
GM plans to move HQ from RenCen to new skyscraper in downtown Detroit
For GM, the deal makes the automaker a long-term fixture in the revival of Detroit’s downtown, which billionaire Dan Gilbert has been spearheading by acquiring and developing 45 major office, retail and hospitality properties......»»
Mounting auto industry layoffs underscore rocky EV transition, UAW contracts
The Detroit 3 and their suppliers have implemented thousands of layoffs over the past few months in the wake of entering costly UAW contracts and confronting the reality of underwhelming EV sales.....»»
International Monetary Fund warns cyberattacks could trigger bank runs
The damage of cyberattacks is only increasing, and geopolitical tensions are not helping......»»
Toyota Ventures raises $300 million more for early-stage investments
Two new funds, Toyota Ventures Frontier Fund II and Toyota Ventures Climate Fund II, will help the firm deepen its global investing footprint......»»
Planned EV battery plant in Detroit sparks concern from residents
The problem is that the first the public heard about the project was after government incentives were approved, a community organizer says......»»
Alethea raises $20 million to combat disinformation campaigns
Alethea announced the close of a $20 million Series B funding round led by GV, with participation from Ballistic Ventures, who led Alethea’s Series A funding in 2022. Also participating in the round is Hakluyt Capital, which invests alongside l.....»»
AI hardware company from Jony Ive, Sam Altman seeks $1 billion in funding
A venture fund founded by Laurene Powell Jobs could finance the company. Jony Ive, the former Apple designer. (credit: Gary Cohen) Former Apple design lead Jony Ive and current OpenAI CEO Sam Altman are seeking funding f.....»»