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Mercedes-backed Volocopter files for bankruptcy
German electric air taxi company Volocopter has filed for bankruptcy protection, the latest in a string of similar startups to hit financial turbulence. The company plans to keep operating while it searches for new investors. “We are ahead of our industry peers in our technological, flight test, and certification progress. That makes us an attractive…
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Calo raises $25 million to expand its ready-to-eat meal service beyond the Middle East
A business built around increasingly customized ready-to-eat meals has netted Middle Eastern startup Calo a sizeable funding injection as it looks to expand both what it can offer its time-strapped customers and where it delivers its growing range of just-heat-to-eat dishes. The meal delivery market in the Middle East will hit $11.2 billion by 2030,…
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Verizon says it has secured its network after breach by China-linked Salt Typhoon group
U.S. telecom giant Verizon says it has secured its network after being targeted by the China-linked Salt Typhoon cyberespionage group. In a statement given to TechCrunch on Sunday, Verizon spokesperson Richard Young said the company has “contained the cyber incident brought on by this nation-state threat actor,” and that it has not detected any threat actor…