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, 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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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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