Mach Industries, a defense tech startup founded by 21-year-old Ethan Thornton, has landed a contract with the U.S. Army to develop a vertical takeoff precision cruise missile called “Strategic Strike.” The company also plans to build its first factory, Forge 1, in Huntington Beach, California, which will be one of many decentralized factories to support…
startups on The Soothsayer
The fintech industry is facing a tumultuous period, with high-profile lawsuits, security breaches, and shifting regulatory landscapes. Charlie Javice, the founder of student financial planning aid startup Frank, is on trial for allegedly defrauding JPMorgan Chase out of $175 million. Meanwhile, crypto exchange Bybit suffered a massive hack, and Coinbase and Robinhood have seen their…
Seven biotech spinouts are making waves in the industry, with innovative approaches to treating neurodegenerative diseases, cancer, and more. From Amphista Therapeutics’ targeted protein degradation technology to BridgeBio Oncology Therapeutics’ RAS signaling research, these startups are pushing the boundaries of biotech research. With significant funding and promising data, these spinouts are poised to make a…
Meta, despite announcing plans to cut 5% of its employees, is expanding in India by setting up a new site in Bengaluru, the country’s tech hub. The company is currently hiring for 41 positions, mostly software and machine learning engineer jobs, and roles focused on designing chips for Meta’s data centers. This move represents a…
Humane, a Silicon Valley-based AI hardware startup, has been partially acquired by HP for $116 million, a significant decrease from its initial venture capital funding of $240 million. The acquisition has resulted in layoffs for some employees, while others have received job offers from HP with pay increases and bonus plans. The newly formed innovation…
The tech industry has seen a significant wave of layoffs in 2024, with over 150,000 job cuts across 542 companies. Large companies like Tesla, Amazon, Google, and Microsoft have conducted sizable layoffs, while smaller startups have also experienced cuts and shut down operations. The trend is expected to continue in 2025, with several companies already…
As climate change looms over us all, many industries are turning to biotechnology for solutions to make all aspects of our lives more sustainable for the environment. Biotechnology is uniquely positioned to replace polluting materials and chemical processes with more sustainable, biological alternatives. This scientific field draws from millions of years of evolution in which…
The tech industry has seen a significant wave of layoffs in 2024, with over 150,000 job cuts across 542 companies. Large companies like Tesla, Amazon, Google, and Microsoft have conducted sizable layoffs, while smaller startups have also experienced cuts and shut down operations. The trend is expected to continue in 2025, with several major companies…
Dub, a new investing platform, is revolutionizing the way people invest by allowing users to follow the trades of top investors with a few taps. Founded by 23-year-old Steven Wang, Dub has already surpassed 800,000 downloads and raised $17 million in seed funding. The platform is designed to educate users and provide them with the…
The genomics industry is witnessing a surge in innovation, with startups like Element Biosciences, Deep Genomics, and Human Longevity pushing the boundaries of precision medicine. These companies are developing cutting-edge technologies to sequence genomes, identify genetic causes of diseases, and create targeted therapies. As a result, the field of precision medicine is expected to experience…