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Jonathan Shieber

Ro makes the weight loss product Plenity commercially available to everyone in the U.S.

In what could be the first step in the development of a significant new line of business for the telemedicine prescription provider Ro, the company is finally announcing the general commercial availability of weight loss product, Plenity. Developed by Gelesis, a biotech company that makes treatments for gastro-intestinal disorders, Plentiy is a weight loss treatment

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Tech News
Jonathan Shieber

Motif Foodworks preps commercial production for its first ingredient, improving the flavor of beef substitutes

Motif Foodworks, the Ginkgo Bioworks spinout focused on developing new plant-based flavorings and food ingredients, is readying commercial scale production of its first product an ingredient to improve the flavor of beef substitutes. The expansion of Motif’s manufacturing capacity presages the commercial availability of its new flavoring, which should be on folded into consumer products

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Tech News
Jonathan Shieber

Investors give Baltimore’s Facet Wealth $25 million to sell businesses on financial planning as a benefit

Yesterday, Baltimore-based fintech company Facet Wealth said it raised $25 million in financing as it readies a new business line pitching financial planning as an employment benefit to businesses looking to recruit top talent. Employment benefit packages are expanding beyond the basic gym membership and healthcare to include subscriptions to Netflix, discounts on delivery and

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Tech News
Jonathan Shieber

Silverlake adds a $2 billion “longterm” hedge fund backed by Abu Dhabi to its tech finance toolkit

Silver Lake Partners, the multi-billion dollar tech-focused investment firm, is adding a longterm hedge fund backed by Abu Dhabi’s sovereign wealth fund, Mubadala, to its array of investment vehicles to finance technology companies. The move into multi-strategy investing represents the diversification of financing vehicles that companies have at their disposal and gives the private equity

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Tech News
Jonathan Shieber

Serious injuries at Amazon fulfillment centers topped 14,000, despite the company’s safety claims

As Amazon‘s biggest shopping day of the year approaches, a new report reveals that the company’s investments in automation and safety have not stemmed surging numbers of serious injuries in the company’s warehouses and fulfillment centers. Even as Amazon spends tens of millions on new robotics and technologies to automate its warehouses, workers are still

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Tech News
Jonathan Shieber

Here’s everything Amazon announced at its latest hardware event

From new Ring flying indoor drone cameras to an adorable new kids version of one of its most popular Amazon home products, Jeff Bezos’ Seattle retailer unveiled a slew of new hardware goodies just ahead of the holiday shopping season. Echo updates Image Credits: Amazon Amazon kicked off its latest hardware showcase by unveiling a

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