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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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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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Ukraine is being targeted by Russian “WhisperGate” hackers who are using new data-stealing malware

According to security researchers, a Russian hacking group, which was responsible for the destructive WhisperGate malware cyberattacks, has recently been seen targeting Ukrainian entities with a new information-stealing malware. This campaign has been linked to TA471 (also known as UAC-0056), a cyberthreat actor with ties to Russia that has been …

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