Tech companies tell job applicants: Be AI-pilled (but not too AI-pilled!)

India’s EloElo raises $80M from NBCUniversal and Hornbill for Story TV

EloElo Group, the Bengaluru company behind the Indian microdrama app Story TV, has raised $80 million in a Series C round. Hornbill Capital and NBCUniversal co-led it, the company said in a statement.

Most Venture Capital Is Going To Companies That Are Founded Or Led By Billionaires

More than half of all seed- through growth-stage venture capital raised in the U.S. so far in 2026 went to seven companies founded or led by men who are already billionaires. Together, these companies raised more than $260 billion in equity funding in the first 10 months of the year.

bit.bio raises $25M Series D as demand for its human cell models grows

Cambridge-based biotech company bit.bio has raised $25M in a Series D round, ten months after securing its previous investment.

Canva’s first job cuts affect 22% of staff in its ‘hardest moment’

Canva is restructuring in a way that affects 1,271 people, or 22% of the company. Some staff will lose their jobs, others will change roles and some will be asked to relocate. Co-founder and chief executive Melanie Perkins announced the changes in a note to staff on Wednesday, which Canva published.

EIC Scaling Club deep tech scale-ups raised €4bn after joining, report says

European deep tech companies in the European Innovation Council’s (EIC) Scaling Club have raised €4.06bn since joining the programme, according to a new report published by the initiative. The Club, funded by the EIC, supports 120 scale-ups from 26 countries.

Traversal raises $120M at a $1B valuation to fix what AI code breaks

Traversal, a New York startup whose AI agents find out why company software breaks, has raised $120 million in a Series B round. The deal values it at $1 billion, the company announced on Tuesday. Kleiner Perkins, Redpoint Ventures and Khosla Ventures co-led the round.

Founders make terrible employees — here’s why every startup should hire them

Deeptech VCs are still too risk-averse with spinouts, and it’s costing them, say Europe’s leading spinout investors

Ex-Hummingbird investor plots new VC firm, sources say

Can tech media survive the rise of AI and influencers?