Builder.ai ‘chief wizard’ Sachin Dev Duggal has been outed as another Oz. This week it was revealed that the London unicorn with $450m backing from the world’s biggest investors hadn’t actually built its Natasha ‘neural network’… behind the curtain it was actually 700 Indian coders. Today we reported that corporate spies, the world’s most feared law firm and crisis comms specialists are among more than 200 creditors of the collapsed company after it filed for bankruptcy protection in the US.
Mike Butcher leaves TechCrunch amid Europe exodus. The tech news website is closing down its operations in Europe after its sale earlier this year to private equity firm Regent. Also: readers and tech experts give their view on what this means for the tech sector.
Accel-KKR takes a majority stake in HealthTech 50 firm CareLineLive. Founder Josh Hough, who once maxed out his credit cards to keep the company afloat, says the senior management team will remain as its early backers exit.
Founder’s assets effectively frozen amid £320m High Court battle. Sara Murray OBE, once appointed as a government tech adviser, was dismissed as CEO of Big Technologies plc – trading as Buddi – in March over accusations of financial deception.
Turbulent Dimes continue at iomart as CEO steps down. CEO leaves role at AIM-listed firm as its share price continues to drop following a profit warning in February.
Monzo revenue tops £1bn. The digital bank reports a massive increase in profits as customer numbers top 12m and its chief executive discusses a potential IPO.
Artisan AI’s ‘stop hiring humans’ ads cause outrage in London. One ad in Old Street Station read: ‘Artisans don’t spend half of the year on holiday. Artisans don’t ‘WFH’ from Ibiza’.
THG drops out of FTSE 250 despite a late rally. Hopes that a late surge in its share price would be enough for the online retailer to retain its place were dashed.
Party Fever for DICE as London firm acquired by New York unicorn