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The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19

TechCrunch LA

I will repeat my appeal from last week: Maybe you’re a startup founder, a safety driver at an autonomous vehicle developer, a venture capitalist, engineer or gig economy worker. This week, we’ll highlight Via’s Series E funding round that was led by Exor. A novel rewards program. Here’s one. Deal of the week.

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Syndio, With Co-Founder In LA, Snags $7.5M

socalTECH

Syndio , a developer of software being used by companies to help fix pay inequities in the workplace--and whose co-founder is based in LA--has raised $7.5M in a Series A funding. The funding came from Voyager Capital and the Emerson Collective. The company's CEO is Maria Colacurcio. READ MORE>>.

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Almost 25% of Laid-off Tech Workers Start Their Own Businesses

Tech.Co

A huge number of tech companies have made layoffs in 2022 , whilst others have taken advantage of video conferencing software and other remote collaboration tools to offer flexible working arrangements and retain the best talent. That’s even higher than “funding” (43%), “time” (41%), and “cash flow” (40%). Survey Says: Go Your Own Way.

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Report: Verari Systems Shuts Down

socalTECH

San Diego-based Verari Systems , a developer of blade server technology, has shut down, according to publication InsideHPC. According to InsideHPC, Verari Systems shut down due to lack of access to capital. Tags: verari systems blade server shutdown employment jobs layoff. READ MORE>>.

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Aptera Delays Vehicle

socalTECH

The firm said in a statement that the firm's vehicle development has "outpaced the rate of fundraising" at the firm, and it is now adjusting its production schedule to "align with financing realities." Tags: aptera venture capital layoff employment jobs electric green automobile auto. READ MORE>>.

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Manufacturing startup Divergent 3D reduces staff by one-third

TechCrunch LA

The company, which employed about 160 people, laid off 57 workers, according to documents filed with the California Employment Development Department. Founder and CEO Kevin Czinger didn’t provide specific numbers. However, he did confirm to TechCrunch that he had to reduce staff due to the COVID-19 pandemic. . The company’s No.

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Cortex Pharmaceuticals Lops Half Of Workers

socalTECH

Irvine-based Cortex Pharmaceuticals , a developer of biopharmaceuticals for treating psychiatric disorders, neurological diseases and brain-mediated breathing disorders, said Thursday that it has cut half of its staff as part of a restructuring. Tags: employment layoff cortex pharmaceuticals psychiatric lifescience.

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