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Australian million Technology

Australian startup SafetyCulture nabs $800 million valuation on $35.5 million round

SafetyCulture, the Australian enterprise software company that manages security and compliance checks at companies around the world, has raised $35.5 million at an $800 million valuation in its latest round of funding. Nearly half of the new money was meant to provide liquidity to employee shareholders who had been with the company over three years,…

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Silicon Technology Valley

Silicon Valley Bank only started processing stimulus loan applications today

In a sign of just how broken the process is for startups looking to receive stimulus dollars, Silicon Valley Bank, the bank that claims “more innovative startups bank with us than any other bank,” only just began processing claims today. “Since the CARES Act and the PPP were announced, we have been hard at work…

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million raises Technology

Tyto Care raises $50 million as it looks to buy and build new services during COVID-19 demand surge

Tyto Care, the provider of a home health diagnostic device and telemedicine consultation app, said it has raised $50 million in a new round of funding. The round was led by Insight Partners, Olive Tree Ventures, and Qualcomm Ventures, according to a statement and brings the startup’s total capital raised to over $105 million. The…

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management Restaurant Technology

Restaurant management platform Toast cuts 50% of staff

Last valued at $5 billion, restaurant management platform Toast has joined the sweep of startups laying off employees due to the economic impact of the COVID-19 pandemic. Toast reduced the size of its staff by 50% through layoffs and furloughs, according to a blog post from Toast’s CEO, Chris Comparato. It also reduced executive pay…

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evolution femtech Technology

Five CEOs on their evolution in the femtech space

Rae Witte is a New York-based freelance journalist covering music, style, sneakers, art and dating, and how they intersect with tech. You can find her writing on i-D, The Wall Street Journal, Esquire and Forbes, among others. More posts by this contributor With women-specific health needs long ignored by tech giants, FLEX, the tampon replacement,…

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mobile Technology website

Mobile website builder Universe raises $10M from GV as it ventures into commerce

A startup that has framed itself as an Instagram for websites is now squaring up against Shopify as it nabs new funding from Google’s venture capital arm. Brooklyn-based Universe has just closed a $10 million Series A from GV. The funding round was well in the works before the COVID-19 pandemic took hold stateside; nevertheless,…

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Austin-based SourceDay Technology

Austin-based SourceDay closes $12.5 million for its supply chain management software

Austin-based SourceDay, which sells supply chain management software, said it raised $12.5 million in its latest round of financing. The company developed software to manage the relationship between companies and the businesses they source raw materials from as part of their direct spending needs. Baird Capital led the round with participation from existing investors including…

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Firefox refreshed Technology

Firefox gets a refreshed address bar

Mozilla is launching version 75 of its Firefox browser today. As always, there are plenty of bug fixes and changes for developers who write web apps, but the marquee feature of this update is a refreshed address bar. Given how often you likely use the address bar — though these days it’s often more of…

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Blossom Capital's Technology

Blossom Capital's 'Cultivate' is an angel program seeking to back European unicorn alumnus

Just a few months after closing a new $185 million fund to continue backing early-stage European startups, Blossom Capital, the VC firm founded by Ophelia Brown, is announcing a new angel investment program seeking to back European unicorn alumnus. Dubbed “Cultivate,” the new program looks to create a 30-strong angel network made up of founders…

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introduces Technology WhatsApp

WhatsApp introduces new limit on message forwards to fight spread of misinformation

WhatsApp is imposing additional restriction on how frequently a message can be shared on its platform in its latest effort to curtail the spread of misinformation. The Facebook -owned instant messaging service said today that any message that has been forwarded five or more times will now face a new limit that will prevent a…