Turing, a startup that helps organizations find, hire and manage remote software developers, has raised $87 million in Series D funding, in the latest sign of investors’ bullishness on the sector. The round values three-year-old Turing at $1.1 billion, up from its previous valuation of $142 million. Last month The Information ranked Turing atop its list of promising business-to-business...
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Data Point electric vehicles
Electric Vehicle Startups Face Cash Crunch
Startup makers of electric vehicles were one of the biggest beneficiaries of the SPAC party of 2020–21—and that fete is now well and truly in the hangover phase. At least a dozen EV startups have gone public since 2020, mostly by merging with a special purpose acquisition company, with grand ambitions to reinvent the way people and freight moved around. Now, at least...
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