KeepTruckin, a well-funded maker of freight software, laid off 349 employees, 18% of its staff, according to an email viewed by The Information. KeepTruckin, which has raised more than $200 million from the likes of GV, IVP and Scale Venture Partners, sells compliance software and truck dashcams that helps freight carriers monitor their fleets. CEO Shoaib Makani wrote in the email that the...
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What Went Wrong at Wyre, the Crypto Payments Startup That Went From $1.5 Billion Deal to Last-Ditch Rescue
In early May, crypto startup Wyre rented out three houses in Arizona for an offsite for its product and engineering teams. Executives arranged a tour of the Grand Canyon nearby and rented all-terrain vehicles to ride around the area, one person who attended told The Information. There was good reason to celebrate: Weeks before, checkout startup Bolt announced it had inked a deal to buy Wyre for...
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