Category: company

Industrial-grade VR company Varjo picks up ~$52M in Series C funding
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Industrial-grade VR company Varjo picks up ~$52M in Series C funding

Varjo, the Finnish startup that has developed a virtual and mixed reality headset capable of “human-eye resolution” for use in various enterprise applications, has closed a $51.7 million in Series C funding. Backing the round is Tesi, NordicNinja, and Swisscanto Invest by Zürcher Kantonalbank. Existing investors including Lifeline Ventures, Atomico, EQT Ventures and Volvo Cars…

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As threats to the company mount, TikTok pushes back
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As threats to the company mount, TikTok pushes back

As TikTok’s existential rollercoaster ride continues to rattle on, the company is trying to sway regulators and the public with a flood of dollars and arguments wrapped in free enterprise and free speech to ensure that its parent company Bytedance can retain control of its operations. The push to validate its business comes as reports…

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The Not Company, a maker of plant-based meat and dairy substitutes in Chile, will soon be worth $250M
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The Not Company, a maker of plant-based meat and dairy substitutes in Chile, will soon be worth $250M

The Not Company, Latin America’s leading contender in the plant-based meat and dairy substitute market, is about to close on an $85 million round of funding that would value it at $250 million, according to sources familiar with the company’s plans. The latest round of funding comes on the heels of a series of successes…

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3D-printing company Formlabs expects its swabs to receive FDA exemption
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3D-printing company Formlabs expects its swabs to receive FDA exemption

Formlabs, the privately held, Massachusetts-based 3D-printing company, will soon receive an exemption from the U.S. Food and Drug Administration for its swab designed for use in COVID-19 test kits, TechCrunch has learned. Global supply chains for test kit components including swabs and chemical reagents have hampered the ability of governments to increase testing to a…

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How one company is fast-tracking development of potential plasma-based treatments for the coronavirus
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How one company is fast-tracking development of potential plasma-based treatments for the coronavirus

Medical biotech company Emergent BioSolutions is one of the many health industry players turning its efforts toward addressing the current global coronavirus pandemic. Their work includes a two-pronged effort to pursue plasma-based treatments that could help lessen the impact of COVID-19 on healthcare systems, with a fast-tracked development timeline that could see human clinical trials…

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Here’s Why Ford Motor Company Still Can’t Avoid Bankruptcy
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Here’s Why Ford Motor Company Still Can’t Avoid Bankruptcy

Ford stock has entered a free fall, touching 11-year lows. The company reported losses in Q4 earnings and was only able to pay dividends because of its financial arm. Steeply rising auto loan delinquencies and a weak industry outlook will push Ford Motor Company into bankruptcy. Ford Motor Company (NYSE:F) stock has tanked since I…

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Self-driving company Waymo teams up with UPS for package delivery
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Self-driving company Waymo teams up with UPS for package delivery

Waymo will start delivering parcels for UPS using its self-driving Chrysler Pacifica minivans in Phoenix as part of a broader partnership with the shipping and logistics company. The companies said Wednesday that Waymo will pilot autonomous vehicle package pickup in metro Phoenix — the same area where its self-driving vehicles already operate. The minivans will…

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