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 […]
Dropbox, Figma CEOs back Lamini, a startup building a generative AI platform for enterprises
Lamini, a Palo Alto-based startup building a platform to help enterprises deploy generative AI tech, has raised $ 25 million from investors including Stanford computer science professor Andrew Ng. Lamini, co-founded several years ago by Sharon Zhou and Greg Diamos, has an interesting sales pitch. Many generative AI platforms are far too general-purpose, Zhou and […]
HYBE CEO’s Full Statement To The Company’s Workers Released
Amidst the chaos that HYBE is currently facing due to its feud with ADOR CEO Min Hee Jin, HYBE’s CEO Park Ji Won has taken to a company-wide address. He speaks to all the workers of HYBE in the address, which was later posted on Blind, the anonymous but verified forum for office workers. A […]