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Vroom hits the brakes on its online used car business to go full throttle on auto financing and AI

January 23, 2024

Vroom is shutting down its online used car marketplace and shifting all of its resources and capital into two business units focused on auto financing and AI-powered analytics. About 800 employees, or 90% of its workforce, will lose their jobs as a result, according to a regulatory filing. The company said it is suspending all used […]

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Clerk, the authentication startup, lands $30M and inks a strategic deal with Stripe

January 23, 2024

Clerk, a startup creating a suite of embeddable UIs, APIs and admin dashboards that app developers can use to authenticate and manage users, has raised $30 million in a Series B round led by CRV with participation from Stripe, Andreessen Horowitz and Madrona. The proceeds bring Clerk’s total raised to $55.5 million, and co-founder and […]

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Cybersecurity automation firm Torq lands $42M in expanded Series B

January 23, 2024

Torq, a self-described “hyperautomation” cybersecurity startup, today announced that it raised $42 million in an extension to its Series B funding round from investors including Bessemer Venture Partners, GGV Capital, Insight Partners, Greenfield Partners and Evolution Equity Partners. Bringing the company’s total raised to $120, the new cash will be put toward expanding Torq’s platform, […]

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OnePlus 12 will deliver flagship specs at premium price

January 23, 2024

Phone season is in full swing. Last week Samsung introduced its new Galaxy S24 flagship, and the next few weeks will see a deluge of devices up to and including those unveiled at Mobile World Congress at the end of February. Today, however, is OnePlus’ time to shine. The Oppo-owned phone maker just debuted its […]

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