Latest from Kate Park
Layoffs usually drive attention and sympathy toward affected employees, but rarely does anyone talk about what happens to the recruiters who are sometimes also asked to leave when companies decide…
Patlytics, an AI-powered patent analytics platform, wants to help enterprises, IP professionals and law firms speed up their patent workflows, from discovery, analytics, comparisons and prosecution to litigation. The fledgling startup…
US to award TSMC $6.6B in grants, $5B in loans to step up chip manufacturing in Arizona
TSMC is getting the grant under the CHIPS Act, in the latest step by the U.S. to reshore domestic chip manufacturing.
Full Glass Wine, a brand acquisition management startup that specializes in acquiring wine marketplaces, has raised a $14 million Series A round to continue acquiring DTC (direct-to-consumer) wine marketplaces, aiming…
Pelago, Y Combinator-backed telehealth company that uses cognitive behavioral therapy (CBT) to help treat people with tobacco, alcohol and opioid addictions, said Thursday it had raised a $58 million Series…
StealthMole, an AI-powered dark web intelligence startup that specializes in monitoring cyber threats and detecting cybercrime, announced Thursday that it has raised a $7 million Series A funding round. The…
Borderless Capital, an investment firm that specializes in web3, announced Tuesday that it is acquiring CTF Capital, a quantitative trading and asset management firm headquartered in Miami, with technology and…
Have you ever needed a copy of your medical imaging to take to your doctor or another healthcare provider and been handed a CD? You’re not alone. Many radiologists still…
LG Electronics may no longer be a household name in smartphones, but it still sees a big future in gadgets like robots. Today, the company confirmed a $60 million investment…
A South Korean startup called QuotaLab is on a quest to follow in the footsteps of Carta, the cap table management company that’s used by a host of startups and…
Meta CEO Mark Zuckerberg, who is touring Asian countries this week, said in a meeting with South Korean President Yoon Suk Yeol on Thursday that Meta wants to beef up…
Silence Laboratories, a startup that builds infrastructure using multiparty computation (MPC) to help enterprises keep data private and safe, said it has raised a $4.1 million funding round. Pi Ventures and Kira…
Techtaka, a South Korean online shopping fulfillment startup that provides third-party logistics services for e-commerce sellers, has raised $9.5 million (12.6 billion KRW) in a Series B round of funding…
SoftBank Group’s Masayoshi Son has made no secret of his intent to double down on the red-hot artificial intelligence industry. Now he’s fundraising for his next move in that strategy.…
Samsung Electronics executive chairman Jay Y. Lee has been declared not guilty on the charge of stock price manipulation and accounting fraud related to the merger of Samsung affiliates in…
Wattpad, a storytelling platform, cuts 10% of its staff as part of company reorganization
Wattpad, a Toronto-based storytelling platform owned by Naver’s Webtoon Entertainment, confirmed it laid off around 20 staff, or less than 10% of its workforce, according to a spokesperson of Wattpad. The…
Rebellions, a South Korean fabless AI chip startup, said today it has closed $124 million (165 billion KRW) in a Series B round of funding to develop its third AI…
Aniai, a startup that has built a burger-grilling robot, Alpha Grill, said today it has raised $12 million, bringing its total raise to $15 million. The money will go toward…
Singapore-based Terraform Labs (TFL), the company behind digital assets TerraUSD (UST) and Luna, filed for Chapter 11 bankruptcy in Delaware following the collapse of its cryptocurrencies in 2022. Terraform Labs, which…
Myrealtrip is the latest travel tech company to ride a growing post-pandemic tourism industry. The Seoul-based startup said today it has raised $56.7 million (75.6 billion KRW) in a Series…
LG Electronics has opened its first electric vehicle (EV) charger facility outside of South Korea — in Fort Worth, Texas — to capture a share of North America’s competitive EV…
Google cuts over 1,000 jobs in its voice assistance, hardware teams as Fitbit founders leave
Google is laying off over 1,000 employees across multiple divisions, including engineering and services, late Wednesday. The affected divisions include voice-activated Google Assistant as part of the knowledge and information…
Tack One, a Singapore-based startup, wants to help make sure your kids, elderly parents and pets are safe with AI-powered location technology. Today, the company unveiled its new generation of GPS…
While micromobility companies around the globe have been in limbo and hitting snags like bankruptcy, shutdown and layoffs, a Seoul-based shared e-scooters and e-bikes operator called Gbike is gearing up to go public on the…
ImpriMed, a California-based precision medicine startup, builds AI-powered dog cancer treatment technology that helps veterinarians identify the most suitable drugs for individual canine and feline blood cancers. The startup, which…
Line Next, a web3 unit of the Japanese messaging app Line, raised $140 million in its funding led by Crescendo Equity Partners, a Peter Thiel-backed private equity firm in South…
South Korean internet giant Kakao — in the middle of multiple investigations over antitrust and securities violations — has appointed a new CEO as it tries to turn the ship…
The increasing need to reduce carbon emissions drives many industries, including airlines and transportation, to seek sustainable alternatives to meet emission reduction targets and fulfill corporate social responsibility commitments. One…
Many companies already use generative AI tools, like OpenAI’s ChatGPT, which can help improve workers’ performance by as much as 40% compared with workers who don’t use it. However, only…
ByteDance’s TikTok wants to do more business in Indonesia — Southeast Asia’s biggest e-commerce market. So after facing roadblocks from the regulators, it’s now come up with a new route…