Business

Luminar Gains $200M Lifeline Amid Leadership Change and Layoffs

Luminar secures up to $200M through convertible preferred stock deal with Yorkville Advisors Global and another investor. The company replaced founder Austin Russell...

AWS Teams Up with Humain for $5B AI Zone in Saudi Arabia

AWS and Humain, backed by Saudi Arabia’s PIF, will invest over $5 billion to create an AI Zone in Saudi Arabia. The AI...

IXI Secures $36.5M for Revolutionary Autofocus Glasses

IXI, a Finnish startup, raised $36.5M to develop autofocus prescription glasses. Uses eye-tracking and liquid crystal lenses to adjust focus for presbyopia. Backed...

DoorDash Seeks to Dismiss Uber’s Antitrust Claims

DoorDash asks California court to dismiss Uber’s lawsuit alleging anti-competitive restaurant contracts. Uber accuses DoorDash of threatening restaurants with penalties or app demotion. ...

FTC Sues Uber Over Unauthorized Subscription Charges

FTC sues Uber for enrolling customers in Uber One without consent. Lawsuit claims Uber misled users about savings and made canceling difficult. Uber...

Techstars Boosts Startup Funding to $220,000

Techstars increases startup funding to $220,000 starting fall 2025, up $100,000 from previous terms. Investment splits into $20,000 for 5% equity and $200,000...

Lucid Motors Snaps Up Nikola’s Arizona Factory in Surprise Bankruptcy Auction Win

On Thursday, April 10, 2025, Lucid Motors emerged victorious in the bankruptcy auction for Nikola Corporation’s Arizona factory and other assets, according to a...

Why Lyst Sold to Zozo for $154M and What’s Next?

Hey there, fashion lovers and business enthusiasts! Big news dropped on April 9, 2025—Lyst, the U.K.-based high-end fashion marketplace once valued at a whopping...