The former CFO of e-commerce startup Fabric has been convicted on four counts of wire fraud. Nevin Shetty diverted $35 million to his cryptocurrency business without authorization, losing nearly all the funds in high-risk DeFi platforms.
The AI coding tool space is heating up dramatically as Cursor secures massive funding while competitors like OpenAI and Anthropic sharpen their own offerings. This latest round values the company at nearly $30 billion just months after its previous funding.
Just weeks after becoming billionaires, Mercor’s founders abruptly canceled an AI project involving thousands of contractors. Hours later, they offered to rehire workers at significantly lower pay rates, sparking outrage among the workforce.
The shift to hybrid work and multi-cloud environments is fueling massive growth in enterprise networking. CRN has identified seven startups founded since 2019 that solution providers should be watching closely as the market heads toward $193.8 billion by 2030.
Jesse Frimpong’s journey from selling candy in high school to building seven-figure Shopify stores led him to create Prestige Knowledge. The platform now onboards 30 clients monthly and has launched over 300 TikTok shops. His secret? Identifying problems and selling solutions.
Rivian shares jumped 18% this week, rebounding from recent lows. The electric vehicle maker beat Wall Street estimates and revealed a new pay package for its CEO that could be worth billions. The company’s joint venture with Volkswagen also provided a significant profit boost.
A viral speech by Entrepreneur First’s Matt Clifford calling to “make the UK rich again” highlights growing frustration among British entrepreneurs. Despite Labour’s promises to make Britain the best place for business, a new survey reveals deep disappointment with the government’s performance and w
Swiss life science startup arcoris bio has raised €6.7 million in an oversubscribed Seed round to develop its MUSE biomarker detection platform. The funding was co-led by Ventura Ace and ZEISS Ventures with participation from Zürcher Kantonalbank. The company plans to use the capital to industrializ
1Password has topped $400 million in annual recurring revenue and is weighing a potential IPO in 2026 or 2027. The company secured $950 million in funding and is valued at $6.8 billion.
Armis has raised $435 million in a pre-IPO round that values the cybersecurity company at $6.1 billion. The funding comes after the company reportedly received seven acquisition offers, including a potential $5 billion bid from private equity firm Thoma Bravo.
