Q1 2023 marks the first quarter Jumia’s new management implemented its strategy after riding out the blueprint of previous management in Q4 2022. The result? Jumia is seeing its losses decrease significantly: adjusted EBITDA loss dropped 51% year-over-year to $27 million, on track to meet the company’s end-of-year target of $100-120 million in adjusted losses.…
DevOps has changed the game for how developers build, deploy, update and monitor applications across their network. Now, an eponymous startup called DataOps.live — which has built a DataOps platform based on the learnings of DevOps, but targeted at the world of data science — is announcing a round of funding on the heels of…
It was back in the Pandemic era of 2021 that we reported on the launch of Moonfire, at the time a $60 million “Fund I” seed-stage “data-driven” VC geared around the new world of remote working and remote pitching. It’s new $115 million fund-raise (“Fund II”) plans to continue what it calls its “data-driven” approach.…
Jeff Cardenas pulls out his MacBook. Apptronik’s co-founder and CEO has a slideshow he wants to show, running down the Austin startup’s seven-year history. It does, indeed, take a bit of contextualizing. Like many fellow robotics firms, the company was fueled by government contracts in its earliest days. First up was Valkyrie 2, the second…
Jeremy Bailenson Contributor On May 17, Meta and BMW released a video hailing a joint research breakthrough that will allow virtual reality headsets to work in moving cars. Because the companies have figured out how to track a person’s body movement independently of the car’s motion, passengers and drivers will be able to wear VR…
Meta has finally found a willing buyer for Giphy, the animated GIF search engine it acquired for $400 million three years ago. Shutterstock announced today that it has entered into an agreement with Meta to buy Giphy in a transaction that “consists of $53 million of net cash paid at closing,” which includes working capital.…
JioMart, Reliance Retail’s online shopping platform, has laid off over 1,000 employees and plans to cut as many as 9,900 more roles over the coming weeks, according to a report, as the Indian retail giant looks to improve its margins. The shakeup, reported by the Indian daily Economic Times, comes in the wake of JioMart’s…
Hello and welcome back to Max Q! In this issue: Blue Origin lands major NASA contract News from SpaceX, and more NASA picks Blue Origin-led team to build second human landing system on the moon, joining SpaceX NASA has chosen a Blue Origin-led team to develop a second lunar landing system for the Artemis program,…
Jonathan Martinez Contributor Jonathan Martinez is a former YouTuber, UC Berkeley alum and growth marketing nerd who’s helped scale Uber, Postmates, Chime and various startups. More posts by this contributor Are you spending too much on paid acquisition? Your site needs more than just one user onboarding experience I’m lucky enough to have worked for…
“Digital transformation” and AI remain very buzzy terms in the world of enterprise software, and today a startup out of Romania that’s built a platform that taps into both concepts, and is seeing user traction in the financial sector, has raised a decent round of funding. FlowX.ai — which lets enterprises port legacy and newer…
