Verve Motion raises $20M to grow its exosuit business

Verve Motion, a startup building a robotic “exosuit” designed to help workers complete physically demanding tasks in factories and other like environments, today announced that it raised $20 million in a Series B round led by Cybernetix Ventures with participation from Construct Capital, Pillar VC, OUP and angel investors including Okta co-founder Frederic Kerrest. The…

Ofcom plans to improve mid-contract price rise transparency

UK telecoms regulator Ofcom has announced plans to improve transparency around mid-contract prices. The regulatory body has expressed concerns about the prevalent practice of mid-contract price rises – often linked to unpredictable inflation – adopted by major phone, broadband, and pay TV companies. In response, Ofcom is suggesting tougher protections for consumers by considering a…