Locus raises another $117M for its warehouse robots

Locus raises another $117M for its warehouse robots

The last few years have been a major accelerator for the robotics industry at large, but warehouse robotics may be the biggest winner of all. Stay at home orders fueled adoption in the early days of the pandemic, as some retailers stayed open after being labeled “essential businesses.” Even after things began reopening, those roles […]

Read more
Group of security companies launches open source project to ease data sharing

Cybersecurity firm Fortanix secures capital to provide confidential computing services

Companies (and VCs) spend billions of dollars on cybersecurity, but primarily focus on protecting infrastructure or endpoints. That’s not always the right approach in a world where — thanks to the pandemic — data is increasingly distributed across clouds, software-as-a-service apps, and storage systems. According to one 2021 survey, 61% of security leaders in the […]

Read more
Twitter denies Musk’s countersuit claims with a lot of snark

Twitter denies Musk’s countersuit claims with a lot of snark

Twitter has filed a legal response denying Elon Musk’s counterclaims about the company he’s supposed to acquire — a deal he’s trying to exit by claiming Twitter fraudulently misrepresented the number of fake accounts on the platform. The 127-page document sees Twitter refuting Musk’s various claims, saying that they are “a made-for-litigation tale that is […]

Read more
Aisera lands $90M to automate customer service requests with AI

Aisera lands $90M to automate customer service requests with AI

Aisera, a startup developing what it describes as an “AI-driven” support ticketing system, today announced that it raised $90 million in Series D funding led by Goldman Sachs with participation from Zoom, True Ventures, Menlo Ventures, Norwest Venture Partners, Icon Ventures, Khosla Ventures, First Round Capital and others. CEO Muddu Sudhakar said the new cash […]

Read more
Kenyan logistics startup Sendy cuts 10% of its workforce

Kenyan logistics startup Sendy cuts 10% of its workforce

Kenyan logistics startup Sendy has laid off 10% of its 300-strong workforce, or 30 employees, according to pan-African news publication TechCabal. This is the latest public layoff news from Africa over the past couple of months after Swvl, Vezeeta and Wave trimmed their staff sizes to reduce costs amid a series of global downturn and venture […]

Read more