Tech News Archives - West Hollywood Tech Support

Reliance-backed Dunzo nears fresh funding of $50 million

The Indian hyperlocal delivery startup Dunzo is in late-stage discussions to secure about $50 million in a new financing round, two sources familiar with the matter told TechCrunch, as the Bengaluru-headquartered startup scrambles for comfort in an otherwise funding...

Virgin Orbit officially shutters its space launch operations

Virgin Orbit’s days of slinging satellites into space aboard aircraft-launched rockets have come to an end Thursday. After six years in business, Virgin’s satellite launch subsidiary has announced via SEC filing that it does not have the funding to continue operations...

EV company Canoo agrees to $1.5M settlement with SEC

Electric vehicle startup Canoo has agreed to a $1.5 million settlement with the U.S. Securities and Exchange Commission, according to a regulatory filing. The SEC began investigating Canoo in May 2021, just a few months after the company merged with special purpose...

Virgin Orbit burns up in uncontrolled descent

Virgin Orbit is laying off around 85% of its workforce in order to further reduce expenses, after the troubled space company said it was unable to secure additional funding to keep it afloat. The news, which Virgin Orbit filed with the U.S. Securities and Exchange...