Edtech
Unacademy Agrees to Sell to upGrad for $206M, Far Below Its Peak Valuation
The Indian edtech company’s sale to rival upGrad underscores how sharply startup values can reset after a peak fundraising cycle.
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Companies
Leadership, strategy, acquisitions, valuations and consequential company moves.
Leadership
Pivotal CEO Departs as the Flying-Car Startup Enters Its Next Phase
Pivotal, the electric vertical-takeoff aircraft company backed by Larry Page, has lost its chief executive, according to TechCrunch. The company says he is pursuing new endeavors.
Leadership
Apple’s New CEO Opens With a Launch Test
John Ternus used his first memo as Apple CEO to rally staff around next week’s product event, where Apple is expected to introduce new iPhones including a rumored foldable model.
Leadership
John Ternus Takes Over Apple as the Company Enters Its Next Hardware—and AI—Test
Apple’s former hardware chief succeeds Tim Cook on September 1, inheriting a company facing an AI transition, component pressure and renewed scrutiny of its product pipeline.
Technology
Nvidia’s $3.5B MediaTek Investment Signals a Broader AI Infrastructure Strategy
Nvidia’s $3.5 billion investment in MediaTek points to a strategy aimed at preserving its role in AI infrastructure as major technology companies develop more chips in-house.
MEDIA TECHNOLOGY
Clipto’s $250M Valuation Puts a Price on Searchable Video Archives
The three-year-old startup says it has reached $15 million in ARR and profitability before raising a new $15 million round, signaling investor interest in AI tools that make large video libraries usable.