Breakthrough Energy Ventures, backed by Bill Gates, Jack Ma and Jeff Bezos, recently led a $200 million funding round for KoBold Metals. Other investors included Andreessen Horowitz, and Bond Capital. KoBold is using artificial intelligence (AI) to improve mining for the metals needed for electric vehicles (EVs). The Breakthrough Energy Ventures (BEV) fund invests in innovative and high-impact clean energy technologies that can combat climate change. Its mission is to accelerate the transition t
India s largest edtech firm Byju s will fire 1,000 employees in a fresh round of layoffs across departments.
With the latest round, total job cuts at the company have mounted to around 3,500.
According to sources, fresh job cuts are an attempt by the company to improve its finances and work towards a path to profitability.
Berkeley, California-based KoBold Metals pulled off a $195 million raise from a number of big-named investors, including Andreessen Horowitz and Bill Gates and Jeff Bezos-backed Breakthrough Energy Ventures.