Tech layoffs top 15K in a brutal May
It’s been a rough month in the tech sector. We’ve rounded up week after week of layoffs, and according to aggregator layoffs.fyi, more than 15,000 tech workers have lost their jobs this month. Hop
Latch, a proptech meets SaaS play, conducts two consecutive weeks of layoffs
Latch, a proptech smart lock company that raised $152 million in known private capital before debuting on the stock market through a SPAC last year, is conducting another round of layoffs. Earlier thi
Tech employees face another tough week of cross-stage layoffs
Unfortunately, there’s more where last week came from. Following last week’s slew of layoffs in tech, this week had another dose of staff cuts across tech companies. Impact was felt across
Latch parts ways with CFO after difficult SPAC debut
Latch CFO Garth Mitchell is leaving the company less than a year after he assumed the role and led the company’s public market debut through a special purpose acquisition vehicle, or SPAC, an accide
Just how wrong were those SPAC projections?
Why are companies that went public via SPACs struggling? Did they catch a headwind from changing market conditions that previously pushed them forward? You bet. But the damage is also self-inflicted.
For unicorns, how much does the route to going public really matter?
"I think when money's chasing money, you don't want to be the last guy holding the money. You want to be the chase."
The morality and efficacy of going public earlier
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. For this week’s deep dive Natasha and Alex and Chris dug into
As Q2’s lull fades, unicorn IPOs are revving up
Let’s discuss IPOs this morning to fully understand where we stand today in the realm of unicorn liquidity.
Private equity, a SPAC and an IPO walk into a bar
Choosing which option is best from a buffet's worth of possibilities is an interesting task for startup CEOs and their boards.
Smart lock maker Latch teams with real estate firm to go public via SPAC
This week, Latch becomes the latest company to join the SPAC parade. Founded in 2014, the New York-based company came out of stealth two years later, launching a smart lock system. Though, like many c
Unpacking Chamath Palihapitiya’s SPAC deals for Latch and Sunlight Financial
Latch is an enterprise SaaS company that makes keyless-entry systems for buildings; Sunlight Financial offers point-of-sale financing for residential solar systems.
Latch, a smart lock company, looks to become a platform with the launch of LatchOS
Tech that powers physical spaces is in the midst of a growth spurt. One company in the mix, Latch, is today announcing the next phase of the company with the launch of LatchOS. Latch was founded back
UPS and Latch are expanding in-building deliveries to 10 more cities
After launching apparently successful pilot runs in San Francisco and New York, UPS announced today plans to expand its in-building delivery service to 10 additional U.S. cities. In mid-2019, the parc
Latch raises $70M for its apartment smart lock system
Latch announced this morning that it has raised $70 million in Series B funding. The round was led by Brookfield Ventures, the investment arm of Brookfield Asset Management. As part of the deal, Brook
New material design stores energy like an eagle
Auxetics are materials that store energy internally rather than bulging out. In this way they can store more energy when squeezed or struck and disperse it more regularly. Historically, however, these
UPS is testing an Amazon Key-style delivery program in New York
UPS has been quietly testing a program that lets the shipping service deliver packages inside multi-unit homes while occupants are out. The service utilizes smart locks created by Latch, a New York-
Latch touts first deliveries via NY Jet.com smart access tie-up
In July b2b smart access startup Latch announced a partnership with ecommerce platform Jet.com to install 1,000 of its smart locks on residential apartment buildings in New York. It's now announced t
Latch adds HomeKit-approved smart lock to its enterprise suite
Enterprise-grade smart lock startup Latch has added a third product to its portfolio. The 'Latch C' is notable as its first smart lock to be certified to work with Apple's HomeKit.
Jet.com is installing Latch access systems in 1,000 NYC apartment buildings for easier deliveries
Jet, the online retailer bought by Walmart last year, has struck a deal with smart access provider Latch in an effort to make deliveries easier for its customers in urban areas. Over 100,000 residents
Enterprise smart lock player Latch snags another $10M
New York based Latch has topped up its Series A with a further $10 million in external funding, bringing on a new investor RRE Ventures. Existing investors also participated.