Topic: startup shutdown
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Marissa Mayer Shuts Down Sunshine Startup Lab
Sunshine, the AI firm founded by former Yahoo leader Marissa Mayer, is shutting down and transferring its assets to a new company called Dazzle, pending shareholder approval. The transition is supported by nearly all shareholders, and Sunshine's team is expected to move to Dazzle, which is develo...
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Egypt's TradeHub Closes, Returns Investor Funds After Missing Market Fit
TradeHub, an Egyptian B2B startup, has shut down after failing to achieve product-market fit and returned all remaining investor capital, just 18 months after raising $1.4 million in pre-seed funding. The company initially operated as a cross-border marketplace for exports but pivoted to a B2B sa...
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Apple Nears Deal to Acquire AI Startup Prompt AI
Apple is finalizing its acquisition of Prompt AI, a computer vision startup, to integrate its team and technology into Apple's operations, particularly enhancing the HomeKit ecosystem. Prompt AI is discontinuing its Seemour app and deleting all user data due to an unsustainable business model, wi...
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