Remove month may-2020
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Noom lays off more employees amid CFO departure

TechCrunch

billion last year , is laying off a portion of staff for the second time in a matter of months, TechCrunch has learned from sources. It’s the second layoff impacting Noom’s coaching team in a matter of months, impacting hundreds of employees. In 2020, Noom hit $400 million in revenue using this strategy.

Coaching 251
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Massachusetts startup OPT Industries is perfecting a 3D-printed nasal swab for COVID-19 tests

TechCrunch

In 2020 and 2021, we all became well-acquainted with nasal swabs. A May 2020 survey of 118 labs in the U.S. The company’s printers and software can print more than just swabs, but the first product the company has focused on since 2020 is the InstaSwab — a 3D-printed swab used in COVID-19 tests. .

3D 224
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The Week’s 10 Biggest Funding Rounds: CoreWeave’s $1.1B Raise Leads Huge Week

Crunchbase News

CoreWeave , $1.1B, artificial intelligence: Funding to AI-related startups increased slightly in Q1 2024 compared to Q4 2023, and that trend may continue in the second quarter based on this week’s big round. billion round led by Coatue that values the company at $19 billion, per The Wall Street Journal. billion, per Crunchbase data.

Biotech 94
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The delivery market is coming down from its pandemic highs

TechCrunch

In 2020, a 500% increase in order volume drove Instacart’s revenue to $1.5 Within the span of a few months, Berlin-based instant grocery startup Flink secured $750 billion at a $2.85 Between 2020 and 2022, investors poured more than $5.5 DoorDash executed a $400 million stock buyback program in May.)

Marketing 246
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The bright side of fintech funding results

TechCrunch

But the results are not as gloom and doom as they may seem at first glance. While it’s clear that this year will be far more muted for fintech investment globally and in the United States, it’s still on track to crush 2020’s results. in the second quarter of 2022. And it wasn’t only funding. Everything was down. Another thing.

Fintech 252
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Embattled digital mortgage lender Better.com reveals string of new senior exec hires in ‘rebirth’ attempt

TechCrunch

In case you missed it, Better.com has seen a flurry of execs depart the company in recent months during which it let go thousands of workers across multiple rounds of layoffs. . In April, a filing revealed that Better.com swung to a loss of more than $300 million last year , a sharp turnaround from its profitable 2020.

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AI drug discovery platform Insilico Medicine announces $255 million in Series C funding

TechCrunch

Insilico Medicine is a Hong Kong-based company founded in 2014 around one central premise: that AI-assisted systems can identify novel drug targets for untreated diseases, assist in the development of new treatments and eventually predict how well those treatments may perform in clinical trials. in 2020 according to a 2021 Deloitte report. .