Online used vehicle retailer Shift Technologies cut its workforce by 30% in the first quarter as the company sought to reduce costs and eliminate duplicate positions following its merger with CarLotz, CEO Jeff Clementz said during an earnings call. The layoffs came as the company saw its revenue plummet in the fourth quarter and its…
KORE Group Holdings, a specialist in IoT Solutions and worldwide IoT Connectivity-as-a-Service (“IoT CaaS”), has agreed to acquire Twilio’s IoT business unit as part of a growth strategy to provide customers with a unified, seamless approach to launching IoT solutions as the world’s leading pure-play IoT provider. As consideration for the acquisition, Twilio, the customer…
Click Here to Access the Full Webinar Product as a Service helps manufacturers create different revenue streams and capture aftermarket value, and it helps their customers utilize the assets they need, when they need them, instead of forcing them to make a large upfront capital expenditure. But what are the building blocks needed to start…
Yesterday, the ride-sharing company Lyft said its two co-founders, John Zimmer and Logan Green, are stepping down from managing the company’s day-to-day operations, though they are retaining their board seats. According to a related regulatory filing, they actually need to hang around as “service providers” to receive their original equity award agreements. (If Lyft is sold…
KORE Group Holdings, a specialist in IoT Solutions and worldwide IoT Connectivity-as-a-Service (“IoT CaaS”), has agreed to acquire Twilio’s IoT business unit as part of a growth strategy to provide customers with a unified, seamless approach to launching IoT solutions as the world’s leading pure-play IoT provider. As consideration for the acquisition, Twilio, the customer…
Click Here to Access the Full Webinar Product as a Service helps manufacturers create different revenue streams and capture aftermarket value, and it helps their customers utilize the assets they need, when they need them, instead of forcing them to make a large upfront capital expenditure. But what are the building blocks needed to start…
Nimbbl, an Indian startup seeking to improve conversions for merchants with its 1-click payment checkout solution, has raised $3.5 million in seed and pre-Series A rounds from Sequoia Capital India, Global Founders Capital (GFC), financial services platform Groww and a list of angel investors, the startup said Tuesday. The Mumbai-headquartered startup offers a 1-click checkout…
Apple appears to be gradually accelerating its self-driving car program and now has over 200 people testing its vehicles. Data from the California DMV (via macReports) indicates that Apple has 201 people testing autonomous driving features on public roads. Apple currently has a fleet of 67 vehicles. The overall size of Apple’s self-driving fleet hasn’t…
Click Here to Access the Full Webinar Product as a Service helps manufacturers create different revenue streams and capture aftermarket value, and it helps their customers utilize the assets they need, when they need them, instead of forcing them to make a large upfront capital expenditure. But what are the building blocks needed to start…
Apple has quietly acquired a Mountain View-based startup, WaveOne, that was developing AI algorithms for compressing video. Apple wouldn’t confirm the sale when asked for comment. But WaveOne’s website was shut down around January, and several former employees, including one of WaveOne’s co-founders, now work within Apple’s various machine learning groups. In a LinkedIn post…
