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Otonomo, a mobility data company with a 2021 SPAC IPO valuation of $1.4B, was acquired by Urgent.ly as its market cap fell to $70M

Otonomo, a connected automotive company that went public in 2021 and has seen a sharp decline in the value of its stock, recently announced a reverse merger with roadside assistance tech company Urgent.ly. In an all-share merger, Urgently shareholders will receive 67% of the combined company, and Otonomo shareholders will …

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GitLab will 7% of its workforce

GitLab, a leader in developer operations (DevOps), is the latest tech company to announce a round of layoffs. The company said today that it is reducing its headcount by 7%. The majority of the major tech companies, including Microsoft, Alphabet, and Salesforce, have announced staff reductions, making 2023 so far …

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Google introduces new EV features with built-in Maps

At its Live from Paris event on Wednesday, Google announced the launch of new features for electric vehicles that include Google Maps. The functions, iterations of which were added to the Maps mobile app in November, are meant to help EV drivers who experience range anxiety. It will be simple …

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To add intelligence to digital documents, Macro raises $9.3

Former Bridgewater Associates investment logic engineer Jacob Beckerman found it difficult to print out and annotate documents using common document apps like Acrobat and Microsoft Office. He experimented with PDF processing software because he questioned why it wasn’t possible to read and write on a PC that felt as natural …

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