Friday, June 10, 2022

After delivery startup Gorillas raised $1B in October, sources say it is drastically cutting costs, reducing staff benefits, and considering closing warehouses (Aggi Cantrill/Bloomberg)

Aggi Cantrill / Bloomberg:
After delivery startup Gorillas raised $1B in October, sources say it is drastically cutting costs, reducing staff benefits, and considering closing warehouses  —  After Germany's rapid food delivery startup Gorillas Technologies GmbH closed a $1 billion funding round last October …



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Estonian startups aim to turn its thriving tech sector into a military-industrial complex, including making autonomous drones, as Europe boosts defense spending (Ott Tammik/Bloomberg)

Ott Tammik / Bloomberg : Estonian startups aim to turn its thriving tech sector into a military-industrial complex, including making auto...