The move comes a little over five months after RigUp raised a $300 million Series D round led by Andreessen Horowitz (a16z) at a reported valuation of $1.9 billion.
CEO cuts out salary as rest of executive team and others take a pay cut.
A number of European investors and founders of U.S.-based startups participated in the financing.
The Irvine, Calif.-based company had raised an $88 million Series C last July.
No city, no matter how much momentum it’s seen, is immune to negative economic impacts from the spread of COVID-19.
B Capital Group led the round, which also included participation from existing backers Kleiner Perkins, Khosla Ventures, Accomplice and Top Tier...
The profitable San Antonio-based company has received hundreds of orders for its $125,000 robot over the past few weeks.
Dell Technologies and Accel invested in Humio, which says it saw 550% revenue growth in 2019.
TripActions Inc. is reportedly laying off hundreds of employees while Zeus Living is letting go of about 80 people.
Microsoft’s venture fund, M12. led the round, which also included participation from PayPal and USVP.
We look at the current economic situation to try to navigate what’s ahead with an analysis of the 2008 downturn and how that impacted funding.