Fidelity Investments

Discord cuts 4% of staff as part of company reorganization

Chat app Discord has let go of nearly 40 employees (4% of its workforce) as part of company’s restructuring efforts, according to multiple reports. Several former Discord employees posted on Twi

Juul, the e-cig maker started at Stanford, watches its US market share get vaporized

It’s almost Shakespearean. Juul, the e-cigarette company that took the U.S. by storm five years ago — and which was valued at its peak at $38 billion — is about to get kicked out of

Fidelity says it will offer crypto in retirement accounts this year

Fidelity, the largest retirement plan provider in the United States, announced plans to offer bitcoin in 401(k) retirement accounts to its account holders later this year. The company is set to allow

Wasabi scores $112M Series C on $700M valuation to take on cloud storage hyperscalers

Taking on Amazon S3 in the cloud storage game would seem to be a fool-hearty proposition, but Wasabi has found a way to build storage cheaply and pass the savings onto customers. Today the Boston-base

AWS expands on SageMaker capabilities with end-to-end features for machine learning

Nearly three years after it was first launched, Amazon Web Services’ SageMaker platform has gotten a significant upgrade in the form of new features, making it easier for developers to automate

SpaceX raises $1.9 billion in largest funding round to date

SpaceX has raised $1.9 billion in new funding, per a filing with the SEC from Tuesday which was first spotted by Reuters. The company had been reported by Bloomberg to be in the funding process earlie

With $84 million in new cash, Commonwealth Fusion is on track for a demonstration fusion reactor by 2025

Commonwealth Fusion Systems closed on its latest $84 million in new funding two weeks ago. The U.S. was still very much in the lockdown phase and getting a deal done, especially a multimillion dollar

Nigeria’s Okra raises $1M from TLcom connecting bank accounts to apps

A new Nigerian fintech venture, Okra, has racked up a unique mix of accomplishments in less than a year. The Lagos based API developer created a product that generates revenues from both payment start

SMB payroll startup Gusto raises $200M Series D, plans R&D expansion to NYC

Every employee loves receiving their paycheck. It just so happens, though, that paying employees can be a royal pain, what with incredibly diverse labor laws across all 50 U.S. states. While large, Fo

Pinterest prices IPO above range

Pinterest will begin trading on the NYSE tomorrow.

Unpacking Pinterest’s IPO expectations

What it means to be an 'undercorn' and should we care?

Robinhood hires CapitalG partner to lead operations

Robinhood's human resources department is keeping busy this month, announcing this morning that the zero-fee stock trading app and cryptocurrency exchange has hired CapitalG partner Gretchen Howard.

With $50M in fresh funding, Allbirds will open new stores in the US, UK and Asia

Allbirds' wool runners have been a VC favorite since the beginning. Now, the company is worth $1.4 billion.

Juul, the popular e-cig startup under growing FDA scrutiny, says removing flavors is ‘on the table’ among other things

Juul has been on an incredible, and in some ways, nightmarish, ride this year. The three-year-old, San Francisco-based company has handily won 75 percent of the e-cigarette market in the U.S., thanks

RiskRecon’s security assessment services for third-party vendors raises $25 million

In June of this year, Chinese hackers managed to install software into the networks of a contractor for the U.S. Navy and steal information on a roughly $300 million top-secret submarine program. Two

Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies

Fidelity Investments, one of the world's largest investment firms with $2.3 trillion in managed assets, is taking a long look at cryptocurrencies.  The firm has been experimenting internally with

Good news for the mutual fund company that holds the most unicorn stakes! Wait . . .

A new report may have mutual fund investors beaming right now — and traditional venture investors sniggering. According to new research from the data company Pitchbook, Fidelity Investments has

Security Startup Malwarebytes Raises Another $50M From Fidelity

Malwarebytes, a security company that started when its cofounder was still a teenager fixing his parents’ infected computer, has come a long way from its bootstrapped roots. Today the startup

Report: Jet Lands $500 Million In Funding From Fidelity

Jet, looking to go toe-to-toe with Amazon, is reportedly raising $500 million on a $1 billion pre-money valuation. Fortune reports that Fidelity is leading the round, which has been rumored for quite

CloudFlare Locks Down $110M From Fidelity, Microsoft, Google, Baidu And Qualcomm

CloudFlare has secured a $110 million round of private financing, led by Fidelity, and participated in by a cadre of technology giants, including Baidu, Google, Microsoft and Qualcomm. The company has
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