Automattic CEO Matt Mullenweg said on Thursday that 159 employees (roughly 8.4% of staff) accepted a severance package that the company had offered to those who disagreed with his direction of WordPress and his handling of tussle with web hosting provider WP Engine. In a blog post, Mullenweg said the package offered $ 30,000 or […]
Former Velodyne CEO’s delivery robot startup is ditching LiDAR for foundation models
LiDAR has been a cornerstone of autonomous vehicle and robotics industries. While it’s become an industry standard, the technology has its drawbacks. Chief among them is high cost. As the former CTO and CEO of LiDAR leader Velodyne, Anand Gopalan is aware of the tech’s pluses and minuses. It’s telling, then, that the executive’s latest […]
Wiz walks away from Google’s $23B acquisition offer: Read the CEO’s note to employees
Cybersecurity startup Wiz has turned down a $ 23 billion acquisition offer from Alphabet, Google’s parent company, according to a source familiar with discussions. Despite the offer representing a substantial premium over its last private valuation of $ 12 billion, Wiz’s management team with the support of investors has opted to remain independent, the person […]
Deep tech startups with very technical CEOs raise larger rounds, research finds
SaaS founders trying to figure out what it takes to raise their next round can refer to Point Nine’s famous yearly SaaS Funding Napkin. (The term refers to “back of the napkin” plans or calculations.) Now, European hardware deep tech teams have a similar resource from First Momentum, a pre-seed fund investing in technical B2B […]
EXO-CBX File Lawsuit Against SM Entertainment’s CEOs For Fraud
This article is part of our coverage of EXO-CBX Leaves SM Entertainment. You can read more and view the entire timeline here. EXO-CBX (Chen, Baekhyun, Xiumin) have filed a lawsuit against SM Entertainment‘s CEO for fraud. According to an exclusive report from Newsis, EXO-CBX and INB100 filed a complaint on June 25 with the Seongdong […]