Figma’s Dylan Field will win around $60 million in IPO.
When Figma announced its first desired price range ($25-$28) on Monday, it also revealed an extraordinary decision on the highly anticipated IPO. This allows existing shareholders to sell more shares than the company plans to sell. The company is planning to provide approximately 12.5 million shares. However, he said existing shareholders will be allowed to […]
Anduril alumni raises a $24 million Series A to extract military logistics from the Excel spreadsheet era
Silicon Valley is doubling its defenses as geopolitical tensions rise and desire to modernize is growing. And while many startups that have received large ratings focus on hardware and weapons, consider Anduril, Shield AI and SkyDio. RuneTechnologies wants to work on AI-enabled software for military logistics. “The US military is currently operating on Excel spreadsheets, […]
Figma is about to raise about $1 billion when it launches an IPO roadshow
Enterprise Design startup Figma has joined the next step in IPO Journey. Figma announced on Monday that it will launch an IPO roadshow. The company plans to offer more than 36 million shares of Class A shares, which are expected to be priced between $25 and $28 per share. The offer will feature a mix […]
DIA will be releasing a skill gallery.
Browsers with AI aren’t near the easy future they promise. However, makers of these browsers are trying to make life easier for users by adding a simple way to repeat prompts for frequently performed tasks. The new DIA browser from the browser company already has skill features. This allows users to ask the browser to […]
Indian Crypto ExchangeCoindCX confirms $44 million stolen during hack
India’s largest crypto exchange CoindCX confirmed that one of its internal operating accounts was compromised in a recent security breaches, allowing hackers to gain millions of security with crypto. On Saturday, CoindCX co-founder and CEO Sumit Gupta revealed in a post by X that the internal account was breached during the hack that “it is […]
New zero-day bug in Microsoft SharePoint is under widespread attack
US federal government and cybersecurity researchers say a newly discovered security bug found in Microsoft’s SharePoint is under attack. The US cybersecurity agency CISA issued an alarm this weekend that hackers are actively using bugs. Microsoft has yet to provide patches for all affected SharePoint versions, and customers around the world can barely defend against […]
Former Tesla president reveals the secret to expanding the company
Few companies have grown as fast as Tesla. In particular, it grew just before and after the launch of the Model 3, the first affordable EV. “We expanded Tesla from $2 billion in revenue to $2 billion in revenue in 30 months,” Jon McNeil, former president of Tesla, now co-founder and CEO of DVX Ventures, […]
Why Kurtken focused on industrial robots from last mile delivery
Known for its six-wheeled robotics delivering meals through university campuses and the bustling streets of Tokyo, autonomous robot startup Kurtken has found a new area of focus: industrialists. Cartken co-founder and CEO Christian Bersch told TechCrunch that applying delivery robots to industrial environments is always deep in his mind when building a startup. Cartken looked […]
Tesla loses its appeal to Indian loyalists – even if the masks finally deliver
Tesla opened the door to India’s first showroom this week, with first visitors being Vishal Gondal, a loyalist from Tesla and Elon Musk who pre-booked the Model 3 in April 2016. However, despite appearing on the first day, Gondal says he has no plans to buy a Tesla now. After visiting the Maiden Tesla showroom […]
Microsoft says it will no longer use Chinese engineers for the Department of Defense
Following a report from Pro Publica that Microsoft uses Chinese engineers to maintain the US Department of Defense’s cloud computing system, the company said it has made changes to prevent this from happening any more. The existing systems reportedly relied on “digital escorts” to oversee China-based engineers. However, according to Pro Publica, these escorts — […]