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The Department of Labor just dropped its investigation into Scale AI

2025-05-10 03:03:06

The U.S. Department of Labor has dropped its investigation into Scale AI’s compliance with the Fair Labor Standards Act (FLSA), according to a source directly familiar with the matter.  The FLSA is a federal law that regulates misclassification of employees as independent contractors and unpaid wages. TechCrunch first reported that Scale was the subject of […]

Serena-backed health tech lands first FDA approval for home cervical cancer test

2025-05-10 01:30:00

For the first time, the FDA has just approved a device that lets people screen for cervical cancer from home. Known as the Teal Wand, from the company Teal Health, the prescription device lets patients self-collect samples and mail them to a lab to receive the same testing as would be done at a doctor’s […]

Startups Weekly: Different paths on the road to liquidity

2025-05-10 01:07:00

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week was busy for startups: While there were no IPOs of note, there were other exits and even unusual liquidity events, as well as a significant […]

Rippling raises $450M at a $16.8B valuation, reveals YC is a customer

2025-05-10 01:00:00

HR tech startup Rippling has raised a $450 million Series G round at a $16.8 billion valuation, the company confirmed to TechCrunch. It is also conducting a $200 million tender offer to give current and former employees some liquidity. The equity raise marks a big jump in valuation from a year ago. In April 2024, […]

A comprehensive list of 2025 tech layoffs

2025-05-10 00:04:11

A complete list of all the known layoffs in tech, from Big Tech to startups, broken down by month throughout 2024.

Meta’s speeding up the ‘Mad Men to Math Men’ pipeline

2025-05-09 23:56:58

At Stripe’s Sessions conference this week, Mark Zuckerberg pitched what he calls the “ultimate business machine”: a fully automated, end-to-end AI ad engine promising to replace agencies, creatives, and media buyers with a single black box. You just need to connect your bank account first.  Zuckerberg claims this could be one of the most valuable […]