Mass High Tech News
UKG launches venture fund aimed at startups using AI to support frontline workers
The staffing software company, headquartered in Lowell and Florida, is launching its strategic investment arm.
The National Observer: How immigration changes are impacting employment
Tighter federal immigration policy is creating friction for economic growth in select industries and regions of the country — while economic analysts offer cautionary notes in their assessment of various indices.
Ex-Battery Ventures partner starts new VC firm focused on earliest-stage startups
After more than two decades at a prominent venture capital firm, this Boston investor is striking out on his own with a new fund focused on early-stage tech startups.
Quantum firm Qblox partners with Nvidia to advance quantum computing tech
A Dutch-Boston quantum firm has joined forces with the world's largest chip manufacturer.
Herb Chambers' new parent rolls out cloud-based system after provider dispute
Asbury Automotive Group, which recently acquired Herb Chambers, is making a significant tech shift for its dealerships.
Amazon to lay off 14,000 corporate workers
The company, which said in an employee memo it will continue to hire in "key strategic areas," also left the door open to further layoffs in the coming year.
Green cement maker Sublime Systems reshuffles leadership
As Sublime Systems expands partnerships, cement deals and continues progress on its manufacturing facility, the green cement company has announced a new CEO.
Amazon looks to cut up to 30,000 corporate jobs, report says
The cuts come as the tech giant looks to cut spending and address overhiring during the pandemic.
After one profitable quarter, Wayfair swings back to the red
The home goods retailer is back in the red despite a revenue jump.
Vista Equity Partners takes majority stake in $3B Boston software firm
The CEO of the software company said that an IPO is "one of the likely outcomes here."
iRobot's search for buyer stalls as last potential suitor withdraws
The deadline on the loan that keeps the company afloat keeps looming, now at Dec. 1., and iRobot has yet to see success as it tries to sell itself.
18 startups named to Harvard Innovation Labs' alumni accelerator
Harvard Innovation Labs has selected 18 ventures from over 250 applicants to participate in Launch Lab X, its global alumni accelerator.
Seattle research consulting firm acquired by Boston biotech
The Seattle firm will operate as a subsidiary under its own brand.
Plant-based meat company spins out new venture with $6.5M
Tender Food Inc.’s fiber-spinning machines have helped the company stand out in a crowded meat-substitute market. As that market struggles, the company is spinning its tech into new verticals to give it a bigger reach.
Unicorn software firm AirSlate reportedly cuts 170 jobs globally
AirSlate, which became a so-called "unicorn" in 2022 and in 2023 had about 80 employees in Boston, is laying off people across its offices globally.
Hasbro's two-year turnaround: From $170M loss to profitable digital gaming powerhouse
The toy giant's strategic pivot towards digital experiences and intellectual property partnerships is paying off, as evidenced by its year-over-year growth.
Back Bay college partners with NWN for infrastructure overhaul and AI curriculum
A local college is making a $2.5 million infrastructure upgrade to provide faster internet, bolster its Esports team and develop an AI 101 class for students and faculty.
DraftKings acquires Railbird to enter prediction markets, plans new mobile app launch
The sports betting giant has set its sights on a different kind of wagering, purchasing a company that lets users bet on outcomes in finance, culture, and entertainment.
GE Vernova to acquire Prolec GE for $5.3B as AI drives power demand
GE Vernova will spend $5.275 billion to fully acquire power transformer-maker Prolec GE as artificial intelligence continues to gobble up electricity and drive up demand for power.
Asymmetric Capital Partners closes second fund at $137M
The venture capital firm was launched in 2021 by former Catalant co-CEO Rob Biederman.
