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7 Black Women Tech Founders Shifting the Culture

It can’t be said enough: Black women are leading the charge in entrepreneurship. Access to capital is still extremely low, but Black female founders are maintaining successful startups through continuous hard work and innovation, especially in tech. From Silicon Valley to tech’s newest mecca, Atlanta , Black women are using a wide range of technology to shift the culture across all industries — beauty, health, food, agriculture, economy, you name it. In celebration of Women’s History Month, here are seven Black women founders spreading their magic to make a difference in and through tech. Jessica Matthews, Uncharted Power Michael Kovac/Getty Images for Moet & Chandon The self-proclaimed mashup of Bill Nye the Science Guy and Beyoncé, Jessica Matthews founded renewable energy startup Uncharted Power in 2011. The smart tech company addresses the generation, transmission and storage of power in underserved communities. In March 2020, Los Angeles Lakers legend and business magnate Magic...

Mar 5, 2020

Zume Pizza Forced to Layoff Hundreds in Wake of Failed Fundraising Round

Zume Pizza — the billion-dollar robotic pizza company founded in 2015 by Julia Collins and Alex Garden — has reportedly shut down its robotic pizza-making operations and laid off 360 employees , which amounts to over 50 percent of its workforce, according to CNBC. As reported by TechCrunch, this is just the latest in a string of layoffs that have occurred across SoftBank’s portfolio of companies over the past few months. In 2018, SoftBank — investor in the embattled WeWork and Uber — funded Zume to the tune of $375 million. In November 2019, it was announced that Zume would be entering another fundraising round at a $4 billion valuation, according to Vox. However, it appears that the latest round of fundraising didn’t go as planned. On Jan. 6, Reuters reported a source close to Zume indicated that the company planned to layoff 80 percent of its staff. While best-known for its delivery pizza service which featured pies made by robots, not humans, Zume has actually diversified its...

Jan 15, 2020