How 2 startups scaled to $50M ARR and beyond
Today, we're discussing OwnBackup and Assembly, two middle-late startups that are entering unicorn territory. The current list of venture-backed private companies we expect to go public — and the number of companies that might say yes to.....»»
Chinese EV startups see sales rebound and chip shortages persist
Chinese carmakers are seeing sales rebound since May. BYD and Li Auto, to name a few, have reported strong growth in sales. However, shortage of semiconductor might not get resolved anytime soon, according to carmakers......»»
Electric Last Mile"s failure is reality check for EV startups, experts say
As Electric Last Mile Solutions Inc. prepares to liquidate under Chapter 7 bankruptcy, the company's rollercoaster ride is a sobering lesson for startups and investors in the EV space, according to industry observers. ELMS excited investors with its.....»»
Samsung, LG cut LCD TV panel procurements
Samsung Electronics and LG Electronics, in response to shrinking TV demand, have scaled down their planned procurements of LCD TV panels by 30-40% and 10-20% respectively, according to industry sources......»»
Israeli startups turbocharging EV innovations
There is no manufacturer of cars, trains or airplanes in Israel, yet the country is esteemed as a leader of transportation technology. As the world is moving into electric mobility, startups on novel car tech are mushrooming in the country, attractin.....»»
Chipmakers stepping up transition to DDR5 memory
Samsung Electronics, SK Hynix and Micron Technology have all scaled up their DDR5 chip output aiming to accelerate the industry's transition from DDR4 to DDR5 DRAM, according to memory module makers......»»
Porsche partnership will fund 6 startups
Porsche will partner with Los Angeles-based UP.Labs to seed six mobility startups by 2025......»»
At-home abortion pill startups gain interest and funding as laws increasingly target access
As the future of safe, legal abortion access in the United States has been thrust into doubt, a number of at-home abortion pill startups are positioning themselves to fill some of the void......»»
Economic concerns loom ahead of Indian EV startups
Even as the world recovers from the pandemic, commodity costs and geopolitical tension have set the stage for an economic recession. Economists would argue that downturns are part of the modern financial system, but that doesn't make its impact less.....»»
AI Shopping Startup"s AI Was Actually Just Low Cost Workers in the Philippines
Some startups are bold and original. And some, like Nate, had more modest goals: automatically filling out shoppers' contact and payment information on retailers' websites. In exchange for sparing them a minute or two of data entry on their phones, N.....»»
The Next Challenge for Solid-State Batteries? Making Lots of Them
Startups like Solid Power are beginning to roll out solid-state batteries that meet the needs of EVs. But hurdles remain for manufacturing them at scale......»»
Fintech Startups Are in Serious Trouble
The higher you climb, the harder you fall -- and that spells trouble across the board for fintech startups right now. From a report: Already fintech multiples plummeted faster, and harder, than the rest of the tech sector. A chart published by a16z s.....»»
Silicon Valley Investors Give Startups Survival Advice for Downturn
After years of funneling cash into startups' grand ambitions, Silicon Valley's investors are engaging in the grim ritual of delivering survival advice to their portfolio companies. From a report: In recent online slide presentations, blog posts and s.....»»
Semiconductor, EV battery startups highlighted at Computex 2022
Computex 2022 has spotlighted 18 startup teams with innovations about semiconductor, electric vehicle (EV) and other areas. The teams are expected to attract a total of NT$1 billion (US$33.8 million) in investment capital this year, according to Taiw.....»»
Qualcomm, MediaTek cut back 5G smartphone chip orders for 2H22
Qualcomm and MediaTek have both scaled back 5G smartphone chip orders with their manufacturing partners for the second half of 2022, according to industry sources......»»
CVS Will Stop Filling Controlled-Substance Prescriptions for Cerebral, Done
CVS Health will stop filling prescriptions for controlled substances ordered by clinicians working for telehealth startups Cerebral and Done Health starting Thursday, a move that will impact thousands of patients. From a report: A CVS spokesman confi.....»»
Startups near state lines gravitate toward side with lower property tax
Researchers at Iowa State University found significantly different state tax rates affect where new businesses set up shop near state lines. Their study published in the journal Small Business Economics shows the fourth greatest distortion in the U.S.....»»
Y Combinator Advises Founders To "Plan For the Worst" Amid Market Teardown
Y Combinator, a Silicon Valley kingmaker, is advising its portfolio founders to "plan for the worst" as startups across the globe scramble to navigate a sharp reversal after a 13-year bull run. From a report: The investment firm -- whose early backin.....»»
Why EV startups are facing a cash squeeze
After the SPACs boom on Wall Street, companies are having a tough time finding cash to actually produce cars......»»
The tech sector teardown is more catharsis than crisis
The rules of the game are changing for venture-backed startups. Enlarge (credit: Getty Images) Following a series of “super clarifying” meetings with shareholders, Uber’s chief executive, Dara Khosrowshahi, emailed empl.....»»
GM"s Red Hat tie-up and battery startups garner attention at EcoMotion, Israeli auto-tech"s annual showcase
The EcoMotion mobility showcase returned to its in-person roots last week after a COVID-19-related hiatus. More than 100 companies exhibited their technologies in Tel Aviv for about 3,000 people from 40 countries......»»