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Rivian delivers on Q2 revenue, expects loss to widen another $700M

Rivian is holding on tight to its goal of delivering 25,000 electric vehicles by year’s end, but to get there it now anticipates to burn an extra $700 million. The automaker tucked the revised guidance within its second-quarter earnings report, telling investors that it expects to lose a whopping $5.45 billion in 2022, up from […]

Arrival slashes production targets to just 20 EV vans as part of restructuring

Arrival, the U.K.-based commercial EV startup turned publicly traded company, has lowered its delivery plans from 400 vehicles to 20 as it postpones development of its battery-electric buses and shifts gears to focus on vans. The company, which reported Thursday widening losses for the second quarter, said it no longer expects to generate revenue in […]

Conversational intelligence company Jiminny nabs $16.5M to unlock sales team insights

Jiminny, a U.K.-based conversational intelligence platform that companies use to record, transcribe, and analyze communications from across sales and other customer-facing teams, today announced it has raised $16.5 million in a series A round of funding. Founded out of London in 2016, Jiminny offers companies the technology to gain insights into how well their sales […]

Medical simulation platform FundamentalVR raises $20M to help surgeons learn through VR

FundamentalVR, an immersive simulation platform for medical and health care professions, has raised $20 million in a round of funding to “accelerate skill-transfer and surgical proficiency” through virtual reality (VR) and mixed reality (MR) applications. Despite its decades-long promise, VR hasn’t traveled too far beyond gaming circles or niche industrial use-cases, though this is something […]
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