Ionic Materials, a solid-state EV battery hopeful, has shut down. According to a report from The Information, the Massachusetts-based Ionic Materials has ceased operations. The company has also let go of nearly its entire workforce, marking a significant setback in its journey to revolutionize EV battery technology. Multiple former employees told The
Category: Bankruptcy
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In February, we delved into Adam Neumann’s aspirations after the former WeWork CEO expressed interest in buying back the real-estate startup he co-founded 14 years ago. Fast forward to now, and Neumann has reportedly made a bold move with a $500 million bid to acquire WeWork. According to a report from CNBC, citing a
Thrasio, the Medfield, Massachusetts-based tech startup renowned for its Amazon business acquisitions, has filed for bankruptcy protection under Chapter 11 in a New Jersey court. The move, as reported by CNBC, comes as a significant twist in the journey of the six-year-old company. In an attempt to navigate through the
Spreadsheet.com, the SaaS startup that entered the scene seven years ago with the ambitious goal of revolutionizing traditional spreadsheet tools like Excel and Google Sheets, is shutting down by the end of May. The decision comes as the startup grapples with its inability to achieve the rapid growth trajectory necessary
23andMe, a genetic testing company that was once riding high with a valuation, is now fighting for its survival. Only a short while back, 23andMe stood out as one of Silicon Valley’s most promising startups. However, the DNA testing firm has since suffered a staggering 98% drop in valuation from
InVision, a New York-based design software unicorn startup, has officially closed its platform. The company made the announcement about its shutdown at the end of last year. Before facing closure, InVision had raised a total of $350 million in funding from prominent investors, including Goldman Sachs and Spark Capital. Initially,
Bird, the electric scooter company once valued at $2.5 billion, has filed for Chapter 11 bankruptcy, citing a series of setbacks. Bird confirmed in a press release that it has entered a “financial restructuring process” to bolster its balance sheet while maintaining regular operations in pursuit of “long-term, sustainable growth.”
