Kyt Dotson
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Venom Foundation and Iceberg Capital form $1B venture fund for Web3 apps
Abu Dhabi-based Venom Foundation and Iceberg Capital Ltd. partnered up today to invest $1 billion into the Web3 and metaverse industry with the Venom Ventures Fund. The Venom Foundation is the developer of the first Layer-1 blockchain regulated by the Abu Dhabi Global Market and is licensed to issue cryptocurrency tokens. Iceberg Capital is a ...
Enterprise AI-chatbot platform maker Inbenta raises $40M
Inbenta, a provider of a platform for conversational artificial intelligence tools such as chatbots, knowledge management and search, today announced that it has raised $40 million in new funding to continue building its product base and expand into new markets. The funding round was led by Tritium Partners and brings the total raised by the ...
Seek AI raises $7.5M to build generative artificial intelligence platform for data
Seek AI Inc., the developer of an artificial intelligence platform that automates the generation and maintenance of code for answering ad hoc questions about data, today announced that it secured $7.5 million in pre-seed and seed funding. Conviction Partners, a new fund from venture capitalist Sarah Guo, and Battery Ventures co-led the funding round. Other ...
Coinbase cuts 20% more of workforce amid crypto market downturn
Cryptocurrency exchange Coinbase is laying off a further 20% of its staff, or 950 employees, in the company’s latest round of layoffs, and reducing its operating expenses by 25%. Brian Armstrong, Coinbase’s co-founder and chief executive, said today that the decision came during the 2022 crypto market downtrend “along with the broader macroeconomy” and “[w]e ...
John Deere to allow US farmers to fix their own equipment
Tractor and farming equipment maker Deere & Co. signed an agreement Sunday with the agricultural lobbying group American Farm Bureau Federation that will allow farmers to repair their own equipment or take it to third-party repair shops, a move hailed as a positive move for the “right-to-repair.” The agreement, reported earlier by the Wall Street ...
Nonfungible token marketplace SuperRare lays off 30% of staff
SuperRare Labs, the firm behind the nonfungible token marketplace SuperRare, has become the latest casualty of falling NFT markets when Chief Executive John Crain announced Friday the marketplace would cut about 30% of its staff. Crain tweeted a message he sent to employees on the company’s Slack stating that the company “grew in tandem with ...
Crypto exchange Huobi to lay off 20% of staff amid ‘crypto winter’
Cryptocurrency exchange Huobi Global today confirmed its intent to lay off 20% of its employees amid the current “bear market,” according to a statement given to Reuters, following an ongoing trend across the crypto industry of layoffs amid market volatility. “The planned layoff ratio is about 20%,” a Huobi spokesperson said in a statement. “With the ...
Amazon unveils Ring in-car camera and new partners for Sidewalk
Amazon.com Inc. unveiled the Ring Car Cam today at the CES consumer electronics show almost two years after announcing it, bringing vehicular dash cams into the company’s lineup of Ring video camera products. The Ring Car Cam is the first dashboard camera built by Ring, which is best known for its doorbell cameras. The cameras ...
DevOps platform CircleCI warns users about security breach
Circle Internet Services Inc., the provider of the software development and deployment platform, warned its users on Wednesday that it experienced a security breach over the holidays and urged them to rotate their secrets. CircleCI is a continuous integration and delivery platform that is used by software developers, engineers, information technology teams and DevOps teams ...
Report: Crypto payments company Wyre to shut down
Crypto payments infrastructure firm Wyre Payments Inc. may be on the verge of shutdown, according to Axios, which reported today that Chief Executive Ioannis Giannaros told employees over the holiday the company plans to end services this month. The report cited two unnamed employees, who confirmed an email sent to some of the staff about ...