The AI coding market just got a fresh signal about where investor confidence is heading. Cognition, the company behind the AI coding assistant Devin, has reportedly reached a $48 billion valuation. Notably, that valuation multiple outpaces what Cursor commanded before its acquisition by SpaceX, suggesting that money managers see plenty of room for multiple winners […]
La-Z-Boy has announced a $23 million logistics expansion in Missouri, building a new 150,000-square-foot distribution hub right alongside one of its oldest manufacturing plants. The move signals that even legacy furniture makers are rethinking how they get products from factory floor to customer door. For a company with decades of manufacturing history, pairing an established […]
The retail world got a fresh reminder that even signed agreements can fall apart before the money changes hands. Neighborhood Intelligence, the company formerly known as Bed Bath & Beyond, has walked away from its planned marketplace acquisition deal to buy F9 Brands, the parent company behind Cabinets To Go. The company says F9 Brands […]
Travis Kalanick, the co-founder of Uber, is reportedly steering his new venture Atoms toward the robotaxi business. Kalanick has described the move as a chance to finish what he started at Uber, calling it his unfinished business. For an industry that has watched autonomous vehicle experiments rise and stall over the past decade, this signals […]
Urban Outfitters’ rental subscription arm, Nuuly, is doubling down on fulfillment center automation as it works to speed up how clothing orders move through its Kansas City-area facility. The company plans to introduce an automated sortation system alongside a new picking solution, a move that reflects a broader trend among retailers looking to squeeze more […]
Lululemon is hitting the brakes on its store expansion plans after a rough second quarter that saw even its signature leggings category slide 20%. The athletic apparel giant, once seen as a retail darling that could do no wrong, is now facing pressure to rethink how fast it grows its physical footprint. For a company […]
Small business software founders have only hours left to lock in one of the most visible marketing opportunities of the year. Applications to host a TechCrunch Disrupt side event close tonight at midnight PT, and after that window shuts, the chance disappears until next year. For SaaS operators trying to build brand awareness in a […]
PDD Holdings, the parent company behind Temu, is pouring resources into local fulfillment logistics as regulators in the United States and the European Union tighten rules on low-cost imports. The shift away from de minimis exemptions, which previously allowed low-value parcels to skip duties and slower customs checks, is forcing the fast-fashion and discount retail […]
Petco recently learned a hard lesson about loyalty program risks after its new rewards initiative, Petco Perks, cost the company millions more than expected. According to CEO Joel Anderson, customer point redemption volumes far exceeded initial projections after the program launched in the second quarter. What was meant to boost customer retention instead became a […]
The wearable tech world just got a fresh jolt of momentum. Qualcomm has joined a $70 million funding round for Ultrahuman, a smart ring maker aiming to turn its device into something closer to a tiny computer worn on your finger. The deal is a clear sign that smart ring funding is heating up as […]
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