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

TechCrunch LA

The remaining $200 million came from new investors Macquarie Capital, Mori Building and Shell, as well as existing investors 83North, Broadscale Group, Ervington Investments, Hearst Ventures, Planven Ventures, Pitango and RiverPark Ventures. ” Layoffs in a time of COVID-19. Other deals: Qcraft.ai The company said T.

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Down bad

TechCrunch LA

Last week, we talked about layoffs and the Winklevoss rock gods. Subscribe to Chain Reaction on Apple , Spotify or your alternative podcast platform of choice to keep up with us every week. million in pre-seed investment from investors including Liberty City Ventures, Digital Currency Group and Coinbase Ventures. crash redux.

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Manufacturing startup Divergent 3D reduces staff by one-third

TechCrunch LA

The company developed an additive manufacturing platform designed to make it easier and faster to design and build new cars at a fraction of the cost — all while reducing the environmental impact that traditional factories have. Divergent 3D made Blade — which was on the auto show circuit in 2016 — to demonstrate the technology platform.

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MediaLab acquires messaging app Kik, expanding its app portfolio

TechCrunch LA

“Whether it be a passion for an obscure manga or your favorite football team, Kik has shown an incredible ability to provide a platform for new friendships to be forged through your mobile phone.” . “ Kik is one of those amazing places that brings us back to those early aspirations,” the blog post read.

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Turtle Beach Restructures HyperSound, Seeks Buyer

socalTECH

As part of that restructuring, the company said that investment banker Piper Jaffray is contiuing "exploration of strategic options"for that business. Turtle Beach is a developer of gaming headsets for the Xbox One, PlayStation 4, and other platforms. The company did not detail those actions, or if they included staff cuts.

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How will you ride the next wave?

Berkonomics

It won’t be long before another round of layoffs comes, and these new tools will create new jobs to fill the gap. The mobile web will become what desktop Internet became in the 1990’s – the standard platform for anyone doing business. An estimated $180 billion will be invested in data analytics by 2024.

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