An unnamed bidder has paid $28 million for a seat on the first crewed spaceflight by Jeff Bezos’s Blue Origin. On Saturday the company hosted an online auction, inviting wealthy space enthusiasts…
Construction Startup Katerra to Shut Down After More Than $2bn in Funding
SoftBank-backed construction startup Katerra is to shut down, after receiving more than $2 billion in funding. The company told employees it will be shutting down operations, according to a report in The…
Pipeline CEO Admits to Paying $4.4m to Ransomware Hackers
The CEO of Colonial Pipeline has confirmed the company paid $4.4 million in ransom to the hackers who disabled its pipeline in May. In an interview with the Wall Street Journal, Joseph…
Seattle’s Flexe Raises Another $10m to Supercharge Series C
FLEXE, a Seattle-based startup that offers retailers on-demand warehouse space, has raised another $10 million of a Series C funding round it first announced last month. The extra cash brings the round…
Parler Just Part of Social Media Whack-a-Mole, Unless US Takes Big Steps
Parler, a social media platform popular with racists, homophobes and conspiracy theorists, has been cut off by Amazon, Google and Apple, and some believe the firm may be taken offline as a…
Dallas Diversity Startup Kanarys Wins $3m Seed Round
Kanarys, a startup aiming to help employees and companies build diverse workplaces, has won a $3 million seed funding round, bringing its total backing to $4.6m. The Dallas, Texas-headquartered firm, launched in…
Atlanta Security Startup OneTrust Secures $300m Funding to Go On Spending Spree
OneTrust, a startup marketing itself as the “most widely used platform to operationalize,” has won a $300 million funding round, with which it plans to embark on a spending spree. The 2016-founded…
Is This the Second Dot Com Bubble?
Will the latest dot com bubble burst? That’s the question on many lips, as 2020 shapes up to be one of the most remarkable years ever for tech brands going public. AirBnB’s…
During Native American Heritage Month, Here are Some of the Most Exciting Native-run Startups in the US
This month America celebrates Native American Heritage Month with a host of online and in-person events, covering historic issues, culture and modern politics affecting the country’s 562 tribes. The problems facing Native…
Restaurant Tech Firm Toast Reaches $8bn Valuation After Cutting Staff
Toast, a Boston-based restaurant point-of-sale (POS) tech startup, has soared to an $8 billion valuation just seven months after slashing staff numbers by half. Toast laid off 1,300 staff this April amid…