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Terra Quantum, a Switzerland-based startup developing algorithms for quantum computing, has raised a ~€10M round at a valuation of around €50M (Annie Musgrove/Tech.eu)

Annie Musgrove / Tech.eu: Terra Quantum, a Switzerland-based startup developing algorithms for quantum computing, has raised a ~€10M round at a valuation of around €50M  —  Swiss quantum technology company Terra Quantum has raised about €10 million, with a company valuation at around €50 million. Terra Quantum, a Switzerland-based startup developing algorithms for quantum computing,

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Many Silicon Valley startups are announcing job cuts and spending freezes to prove they can be disciplined about costs to would-be investors amid the pandemic (Miles Kruppa/Financial Times)

Miles Kruppa / Financial Times: Many Silicon Valley startups are announcing job cuts and spending freezes to prove they can be disciplined about costs to would-be investors amid the pandemic  —  Balance of power shifts back to investors as founders look to bolster balance sheets  —  As one of Silicon Valley’s hottest start-ups … Many

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According to a Startup Genome survey of 45 countries, nearly three-quarters of startups have laid off full-time employees due to the COVID-19 crisis (John Koetsier/Forbes)

John Koetsier / Forbes: According to a Startup Genome survey of 45 countries, nearly three-quarters of startups have laid off full-time employees due to the COVID-19 crisis  —  Three quarters of startups have laid off full-time employees due to COVID-19, according to a Startup Genome survey of 45 countries. According to a Startup Genome survey

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Denver-based Josh.ai, whose hardware and AI-powered software helps people with large homes manage dozens of smart home devices, raises $11M Series A (Christine Hall/Crunchbase News)

Christine Hall / Crunchbase News: Denver-based Josh.ai, whose hardware and AI-powered software helps people with large homes manage dozens of smart home devices, raises $11M Series A  —  Many houses today are connected to some kind of device, such as Amazon’s Alexa or Google Home, but for bigger houses with dozens of rooms … Denver-based

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Salt Lake City-based Vutiliti, whose data monitoring tech helps energy utilities reduce greenhouse gas emissions and increase efficiency, raises ~$12M Series A (FinSMEs)

FinSMEs: Salt Lake City-based Vutiliti, whose data monitoring tech helps energy utilities reduce greenhouse gas emissions and increase efficiency, raises ~$12M Series A  —  Vutiliti, a Salt Lake City, Utah-based smart utility monitoring company, raised $11.75m in Series A funding. Salt Lake City-based Vutiliti, whose data monitoring tech helps energy utilities reduce greenhouse gas emissions

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Report: Huawei's HiSilicon overtakes Qualcomm as China's top smartphone processor supplier; Qualcomm's market share fell from ~38% YoY in Q4 to ~33% YoY in Q1 (Yujie Xue/South China Morning Post)

Yujie Xue / South China Morning Post: Report: Huawei’s HiSilicon overtakes Qualcomm as China’s top smartphone processor supplier; Qualcomm’s market share fell from ~38% YoY in Q4 to ~33% YoY in Q1  —  Huawei’s secretive chip unit shipped slightly more smartphone processor shipments in the latest quarter despite the coronavirus pandemic … Report: Huawei's HiSilicon

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Barcelona-based Factorial, maker of an all-in-one HR automation platform aimed at SMBs that is used by 60K+ customers, raises €15M Series A funding led by CRV (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch: Barcelona-based Factorial, maker of an all-in-one HR automation platform aimed at SMBs that is used by 60K+ customers, raises €15M Series A funding led by CRV  —  A startup that’s hoping to be a contender in the very large and fragmented market of human resources software has captured … Barcelona-based Factorial,

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Telemedicine startup Medici raises $24M Series B as demand surges due to COVID-19 pandemic, bringing Medici's total raised since 2016 to over $70M (Mary Ann Azevedo/Crunchbase News)

Mary Ann Azevedo / Crunchbase News: Telemedicine startup Medici raises $24M Series B as demand surges due to COVID-19 pandemic, bringing Medici’s total raised since 2016 to over $70M  —  We’ve seen a number of industries hit hard by the COVID-19 pandemic.  But we’ve also seen a number with increased demand.  Telehealth is one of

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Researchers detail the increasingly prevalent LockBit ransomware, which may one day reach parity with other feared ransomware packages like Maze or Ryuk (Dan Goodin/Ars Technica)

Dan Goodin / Ars Technica: Researchers detail the increasingly prevalent LockBit ransomware, which may one day reach parity with other feared ransomware packages like Maze or Ryuk  —  You’ve probably never heard of LockBit, but that’s likely to change.  —  Ransomware has emerged as one of the top threats facing large organizations … Researchers detail

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