Before Wazer came along, “water jet cutting” and “affordable” didn’t belong in the same sentence.
For existing Wazer Desktop users, the company says the transition to the Wazer Pro will be seamless.
Additionally, Wazer offers a trade-up program, enabling current customers to receive a significant discount on the Wazer Pro by trading in their old machines.
Priced at $18,999, the Wazer Pro remains significantly more affordable than traditional water jet cutters, costing upward of $100,000.
With the launch of the Wazer Pro, Wazer continues to make life interesting for the water-cutting incumbents.
The big idea was to become the transfer agent, brokerage and clearinghouse for all private stock transactions in the world.
Roughly 15 months later, in late 2022, the company’s CEO, Henry Ward, told Axios that Carta was worth even more – $8.5 billion – following a separate secondary sale.
(He did not disclose how many shares were sold at this valuation or who bought them.)
Now, Carta is seemingly returning to its roots – and an earlier valuation that’s probably better suited to the business.
Over the years, Carta has raised roughly $1.2 billion from investors, according to the startups tracker Tracxn.
Your cut out & keep guide to Big Tech talking points in a new age of antitrust With regulatory risk soaring, platforms are in lobbying overdrive.
We cut to the chase with a no-nonsense glossary of Big Tech’s top whines…As the likes of Amazon, Apple, Google, Meta, Microsoft and TikTok face unprecedented (yes, actually!)
But there’s an even greater nightmare for Big Tech: The break-up of established empires may be on the cards.
This may explain why some of the defensive claims put out in response to dialled-up regulatory attention are so familiar.
“why am I seeing this ad?”because we tracked you“why are we doing this?”to keep tracking you for 🤑“publicly available information”stuff we stole
Continuous profiling reared its head in a 2010 Google research paper called: Google-Wide Profiling: A Continuous Profiling Infrastructure for Data Centers.
Polar Signals is the main developer behind Parca, a continuous profiling open source project which systematically tracks CPU and memory usage, creating profiles of this data to be queried over time.
“Our mission is to make the world’s datacenters ten times as efficient as they are today,” Polar Signals’ founder and CEO Frederic Branczyk told TechCrunch.
While cutting costs is one of the main benefits that Polar Signals promises, there are other benefits to the technology too — such as incident response efforts around a DDoS attack, for example, as Polar Signals can provide insights on the attack’s impact and identify which parts of a system are under stress.
At the time of writing, Polar Signals claims 11employees with experience at companies including AWS, Meta, Red Hat, and HashiCorp.
Turnitin laid off staff earlier this year, after CEO forecast AI would allow it to cut headcountPeople worry that advances in AI will lead to job losses, but rarely does a company’s CEO openly admit that AI will help to reduce their headcount.
TechCrunch learned that Turnitin laid off around 15 people earlier this year, as part of broader organizational changes.
Klarna recently announced that its AI Assistant can do the job of 700 workers, shocking the industry.
(Klarna later clarified that the customer service workers the AI was replacing were hired from outsourcing firms, not direct employees.)
Turnitin confirmed its layoffs in a statement to TechCrunch, but not the headcount:
I was in Los Angeles earlier this week where I interviewed Waymo co-CEO Tekedra Mawakana on stage at our StrictlyVC LA event.
The approval removes the last barrier for the Alphabet company to charge for rides in these expanded areas.
Yup, that’s right the Apple ended plans to build and sell an autonomous electric car.
Electric vehicles, batteries & chargingXiaomi showed off its first electric car, the SU7, at Mobile World Congress.
I’ve taken numerous rides in Waymo robotaxis, but never one in Los Angeles.
Polestar secured a $950 million loan from a dozen banks, critical funds needed to keep its EV plans moving forward following Volvo’s decision to pull back its financial support of the electric automaker.
Polestar, which has cut 10% of jobs since mid-2023, said it plans to make another 15% cut this year.
Polestar currently produces the Polestar 2, Polestar 3, which recently started production in China, and the Polestar 4.
The company said it has successfully completed test production runs for the Polestar 3 at its factory in South Carolina.
The $950 million loan follows Volvo Cars’ decision last month to reduce its 48% holding in Polestar and let parent company Geely take over financial responsibility.
This is the third round of layoffs for the EV company since July 2022 when Rivian cut 6% of its workforce.
On a full-year basis, Rivian reported revenue of $4.4 billion, up from $1.66 billion in 2022.
It brought in about $39 million in the fourth quarter and $73 million for the full year from the sale of regulatory credits.
On an adjusted basis, it reported a loss of $1.1 billion compared to a $1.5 billion loss in the same year-ago period.
“We took significant steps towards driving greater efficiency in 2023 gross profit per vehicle improved by approximately $81,000 when comparing the fourth quarter of 2023 to the fourth quarter 2022,” Scaringe said on an earnings call Wednesday.
India’s Swiggy to cut another 400 jobs ahead of IPO later this yearIndian food delivery startup Swiggy is cutting about 400 jobs, or nearly 7% of its workforce, as the startup seeks to bring further improvements to its finances ahead of a planned IPO later this year.
This is the second round of layoff at the Bengaluru-headquartered startup, which cut just as many jobs early last year.
The move comes as Swiggy attempts to further improve its finances.
Though its food delivery business is profitable, the startup is not profitable at a group level.
Zomato, Swiggy’s chief rival, became profitable last year.
E-commerce company eBay said today that it plans to let go of 1,000 employees or around 9% of its workforce due to the ongoing economic conditions.
The company said in a blog post that it also plans to cut contract roles in the coming months.
The company’s CEO Jamie Iannone admitted that the company hired fast, but it didn’t grow enough to justify the headcount.
In Q3 2023, eBay registered $2.5 billion in revenue and $1.3 billion in profits.
The company also earned $2.2 billion by selling its equity in online ad business Adevinta to Permira and Blackstone last year.