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Forever21’s parent company sues Bolt but settles for becoming a shareholder

A lawsuit that was filed against one-click checkout startup Bolt by one of its biggest customers will be dismissed as the two parties have agreed on a settlement, the companies announced jointly today

UK launches antitrust investigation into Microsoft’s $69B proposed Activision acquisition

One more hurdle up ahead for Activision Blizzard, the games giant behind Call of Duty that Microsoft is looking to acquire for $68.7 billion. The U.K.’s Competition and Markets Authority has ann

Celus, which uses AI to automate circuit board design, raises $25.6M

Just about every electronic contraption you care to think of contains at least one printed circuit board (PCB), which serves to house and connect the various components that allow the device to functi

IBM acquires Databand to bolster its data observability stack

IBM today announced that it acquired Databand, a startup developing an observability platform for data and machine learning pipelines. Details of the deal weren’t disclosed, but Tel Aviv-based D

Finli puts service-based business payment management in the palm of your hand

Finli’s platform was developed so owners could send invoices, look up customer information and check on payment status in between gigs.

Crypto gaming firm Cauldron raises $6.6M to build ‘Pixar of web3’

A number of crypto gaming firms have ramped up production in the past year with hopes of revolutionizing the growing industry. Adding to the list is London-based gaming firm Cauldron, which plans on b

Meta sues Chinese company’s US subsidiary for scraping Facebook and Instagram data

Facebook’s parent company Meta has announced that it’s suing the U.S. subsidiary of a Chinese tech company, accusing it of offering data-scraping services for Facebook and Instagram. The s

India raids Vivo offices over money laundering allegations

India’s anti-money laundering agency raided more than 40 offices of Chinese phone-maker Vivo across the country on Tuesday over allegations of money laundering, the latest in a series of develop

Nothing can’t resist the NFT hype, and its fans are questioning

Nothing, the consumer tech company started by OnePlus co-founder Carl Pei and known for its aggressive marketing, unveiled a non-fungible token project called Black Dot. Its fans are skeptical. Black

Crypto broker Voyager Digital files for bankruptcy

Voyager Digital, a high-profile crypto broker, has filed for bankruptcy, citing market volatility and the surprising collapse of Three Arrows Capital, just weeks after it suspended withdrawals, tradin

Autochek acquires CoinAfrique to grow its footprint in Francophone Africa

Automotive e-commerce company Autochek has expanded to new markets in Africa after acquiring CoinAfrique, a classified ad marketplace, nearly two months after the Nigerian startup acquired Moroccan au

Amazon takes a Prime step back into restaurant delivery in the US with big Grubhub investment and partnership

Amazon tried but then ultimately stepped away from building its own cost-intensive Grubhub and DoorDash competitor in the U.S. back in 2019. Now three years on, it’s taking a different approach

Azota is solving exam headaches for Vietnam’s teachers

Creating and grading tests are some of the most time-consuming tasks teachers deal with. In Vietnam, a startup called Azota wants to help with an online software platform that not only helps educators

Frederic Court of London-based Felix Capital on working with, and fending off, American VCs

Last month, at the same time that the London-based venture firm Felix Capital was announcing that it has closed its fourth and newest fund with $600 million in capital commitments, we had a separate c

AI chipmaker Rebellions gets $22.8M Series A extension from Korean telco company KT 

South Korean AI chip developer Rebellions has raised a $22.8 million (30 billion KRW) extension to its Series A financing from strategic investor KT, one of the largest telecom companies in South Kor

Sure, Tesla, a solar trailer

Over the weekend, Tesla showed off its latest gadget: a solar trailer, featuring extendable panels, a satellite internet terminal and even a lick of matte-black paint. Tesla may have designed the trai

Peakflo’s bid to build business payments for Southeast Asia attracts capital, customers

During the most recent Y Combinator startup batch, Peakflo stood out to TechCrunch. The company’s simple pitch — Bill.com for Southeast Asia — fit neatly into the broader narrative o

Warner Bros. Discovery ceases new HBO Max originals in Europe and shutters Cinemax Go

HBO Max will cease new original programming in parts of Europe and the company will also shut down Cinemax’s TV Everywhere platform, Cinemax Go, as its parent company Warner Bros. Discovery moves th

Raising capital for robotics startups with Bee Partners and Rapid Robotics

Jordan Kretchmer founded Rapid Robotics with the mission of simplifying robotics for manufacturing by providing out-of-the-box automation solutions. Founded in 2019, the company quickly gained the att

Brazilian proptech startup Loft, which was valued at $2.9B last year, lays off 380 employees

Loft, a Brazilian proptech unicorn, has laid off about 380 employees, or 12% of its workforce, the company announced today. The layoff marks the company’s second round of cuts this year so far. In A
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