Venture capital, funding rounds, mergers and acquisitions, and startup launches.
Electronic Arts will shut down BioWare studio and cut approximately 400 jobs (3% of staff), while cancelling the next Mass Effect game and a Sims project.
Blacksmith, an AI code development platform, raised $66 million in Series C funding led by Sequoia, achieving unicorn valuation of $1 billion.
Lucid has secured a deal with robotaxi company Bolt to power at least 25,000 autonomous vehicles in Europe using Nvidia's Alpamayo Stack self-driving software.
Sydney-based legal tech startup Mary Technology has integrated its litigation tools with Harvey, a $15.6B legal AI platform, enabling lawyers to access case facts and evidence.
eBay announced a second round of layoffs in 2024, cutting approximately 9% of staff (around 1,000 jobs) as the company focuses on fastest-growing business areas.
AI code testing startup Blacksmith raised $66M in Series C led by Sequoia Capital, reaching a $1B unicorn valuation after doubling in two months.
Portal Space Systems successfully deployed its Starburst-1 satellite to orbit via SpaceX Falcon 9, marking the startup's second orbital achievement this year. The company self-funded development to accelerate timelines.
eBay will lay off 1,000 employees (9% of workforce) as part of a restructuring effort to streamline operations and focus on high-margin segments including authenticated luxury goods and resale categories.
Swedish legal AI startup Legora raised $550 million in Series E funding at an $8.8 billion valuation, six months after its previous $600 million round.
Eternal, Zomato's parent company, will acquire a 4.4% stake in Mygate by swapping its stake in digital advertising firm AdOnMo, combining two platforms serving residential communities.
Foursquare's acquisition resulted in no returns for equity holders despite the company having raised $411 million in total funding.
Legora, a Swedish legal tech platform, raised €489 million ($550 million) in Series E funding at an €7.8 billion valuation led by Atreides Management.
Mika Games, founded by Wargaming co-founder Nick Katselapov, has raised $10 million to provide early-stage mobile game developers with combined equity investment and user acquisition capital before they have established marketing track records.
Reliance Industries' Jio Platforms IPO closed day one of subscription with 3.15X coverage led by institutional investors, with QIBs subscribing at 9.42X and retail investors at 72% of their allocation.
Blinkit CEO Albinder Dhindsa says the company sees no compelling business case for expanding private label products due to high marketing and development costs.
BRND.ME founder Ananth Narayanan discusses the maturing D2C landscape, emphasizing that sustainable brands require product-market fit, profitability and years of patient capital rather than celebrity marketing.
Glance will be integrated by default on Android TVs in the US, India, and Japan through a partnership with Google, transforming idle screens into interactive shopping platforms.
Mach9 secures $34 million in funding after pivoting from surveying hardware to AI-powered CAD software.
