hinge

Enterprise

Hinge Health Cuts 10% of Staff as Virtual Physical Therapy Market Shifts

Hinge Health, a nine-year-old company that offers a digital solution to treat chronic musculoskeletal (MSK) conditions, cut approximately 10% of its workforce on Thursday, TechCrunch has exclusively learned. The company said people who were laid off worked across various functions; according to employees posting on LinkedIn, some were engineers. Before the layoffs, Hinge had more than 1,700 employees, according to a LinkedIn estimate. The company has raised a total of $828 million, according to PitchBook data. The company’s main competitor is General Catalyst and Khosla Ventures-backed Sword Health, which was last valued at $2 billion in November 2021.

Dylan Williams
April 11, 2024

Robotics & AI

5 Shows Potential: Reddit’s IPO Triumph Rests on AI Growth

The long-running dearth of IPOs could be coming to a close, partly due to Reddit’s upcoming public debut. Expected to list this month, Reddit saw its valuation soar during the pandemic. If Reddit’s IPO does well, it could wiggle open the public-offering window just a little bit wider than we’ve seen in quarters and quarters. Of course, the public offering could also fizzle out like an unpopular opinion downvoted to hell on the site. But with an AI-friendly growth story to tell, Reddit may have timed its ramp towards the public markets just right.