Taylor Soper / GeekWire:
Twilio will sunset Zipwhip’s business texting service on December 1, 2023, after acquiring the Seattle startup last year for $850M in cash and stock — Twilio will sunset Zipwhip’s software after acquiring the Seattle startup for $850 million last year. — According to the latest update …
Taylor Soper / GeekWire:
Seattle-based Diagrid, which offers a fully managed Dapr on Kubernetes service, raised a $20M Series A led by Norwest Venture Partners — Diagrid, a Seattle startup that offers a fully managed Dapr on Kubernetes service, announced a $20 million Series A round led by Norwest Venture Partners …
Tony Lystra / GeekWire:
Seattle-based Swiftly, which offers branded apps and retail software to grocery stores, raised a $100M Series C at a $1B+ valuation after raising $100M in March — Retail software provider Swiftly raised $100 million in a Series C funding round, helping the company become the latest Seattle-area startup …
Taylor Soper / GeekWire:
Microsoft’s cloud revenue grew 24% YoY to $25.7B, including $20.3B from Intelligent Cloud, up 20% YoY, driven by Azure and other cloud services, up 35% YoY — A declining PC market and macroeconomic headwinds are slowing Microsoft’s revenue growth numbers, but the Redmond tech giant still beat expectations …
Taylor Soper / GeekWire:
Internal memo: Amazon saw the “biggest three hours for US Prime signups ever” in its first exclusive stream of Thursday Night Football — Amazon is already seeing some fruits from its massive investment in live NFL streaming. — The company reported the “biggest three hours …
Nate Bek / GeekWire:
Seattle-based Redfin lays off 862 employees, or ~13% of its workforce, and ends its home-flipping program RedfinNow; its stock is down 96%+ since February 2021 — Redfin will wind down its home-flipping program RedfinNow and lay off employees for the second time this year as it cuts expenses in response to a slowing housing market.
Jordan Novet / CNBC:
Twilio reports Q3 revenue up 33% YoY to $983M, vs. $972.2M est., 280K+ active customer accounts, and Q4 revenue guidance below estimates; the stock drops 15%+ — – Twilio’s quarterly revenue projection was softer than analysts had been looking for. — The company added about 5,000 active customer accounts in the quarter.
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