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54gene valuation slashed by over $100M amid job cuts and CEO exit

TechCrunch

OCTOBER 28, 2022

In August, it sacked 95 employees , mostly contract staff (in labs and sales departments) hired to work in 54gene’s COVID business line launched in 2020. In September, co-founder and VP of Engineering Ogochukwu Francis Osifo left the company. Yet, 2022 will be a year to forget for the biotech startup.

Biotech 229
Biotech Part-Time VPE Fractional VPE Pharmaceuticals 229
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Versa raises $120M for its software-defined networking and security stack

TechCrunch

OCTOBER 27, 2022

Networking and cybersecurity firm Versa today announced that it raised $120 million in a mix of equity and debt led by BlackRock, with participation from Silicon Valley Bank. Versa’s large round suggests that, despite the market downturn, VCs haven’t lost faith in cybersecurity vendors yet. billion in 2021).

Security 193
Security Network WAN Fractional VPE 193
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