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The Funded: Twitch co-founder’s new legal AI startup raises $65M, biotechs line up IPOs, and more
Twitch co-founder Justin Kan’s new startup has raised $65 million, gained several prominent new board members and made a small acquisition of its own, TechCrunch reports. Atrium LTS uses machine learning to automate tasks for the legal industry. The San Francisco-based company “digitizes legal documents and builds applications on top to speed up fundraising, commercial contracts, equity distribution and employment issues,” according to TechCrunch. Andreessen Horowitz led the latest round,…
Appeals court backs Oregon’s Clean Fuels Program
A federal appeals court on Friday upheld the Oregon program aimed at reducing greenhouse gases in the transportation sector, the state’s leading source of the heat-trapping gases. Trade groups representing gasoline, diesel and ethanol producers, sellers and users argued the program, which requires fuel providers to meet gradually declining carbon intensity targets, discriminates against out-of-state fuels. But as it had in 2014 when it ruled on a largely identical California program, the Ninth…
Seattle-area small business hiring and wage growth stall
Wage gains for employees of Seattle-area small businesses have been weaker than expected, despite the booming economy.
‘This mission to Mars brought to you by … Mars’ — NASA explores sponsorships
NASA Administrator Jim Bridenstine wants the space agency to explore boosting its brand by selling naming rights to rockets and spacecraft, including allowing astronauts to appear in commercials. NASA historically has stayed away from endorsing specific products, and such a move, should it happen, could be “a giant cultural leap” for the agency and present ethics challenges for public officials, The Washington Post reports. Likening the effort to the branding seen on NASCAR race cars, Bridenstine…
Peninsula biotech reveals phishing attack in IPO filing
Hackers obtained personal information for some 1,100 people through an email account of an employee of a growing Peninsula biotech company. The phishing incident in July was revealed Thursday by Guardant Health Inc. in its filing for a $100 million initial public offering, and it showcases the vulnerability of health care companies, including biotech companies, hospitals and others that hold personal and precious health and financial data on millions of people. In the attack on Redwood City-based…
Ex-Uber engineer who spurred company shakeup supports pay equity, harassment settlement
Uber Technologies Inc. engineer Susan Fowler, whose searing blog post last year on company culture spurred tech’s own #metoo and eventually ousted cofounder and CEO Travis Kalanick, has endorsed a $10 million settlement regarding pay equity and alleged harassment. In a filing on Friday in Oakland’s federal court, Fowler wrote that the settlement — which affects almost 500 people — would monitor “follow-through concerning Uber’s commitment to a new direction,” Bloomberg reports. “Fowler…
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