As Monday morning rolls in, we’re providing TechWire readers with a quick recap of the past week’s news headlines.
Hot news for November 18-22 included: Cree doubled the value of a semiconductor supply agreement with STMicroelectronics and landed a deal with ABB to expand its footprint; healthcare IT firm Well Dot is establishing its $3.1 million HQ in Chapel Hill; Durham cloud software startup CloudFactory raised $65 million in growth equity funding and plans to more than double its workforce in the Triangle; the Triangle didn’t make the list for AT&T’s next 5G launch; developers are converting a vacant Nortel campus in RTP to an office and life science hub.
The latest IT Job Trends Report from the NC Tech Association is out: High-tech job openings surged above 30,000 across NC. Here are the most in-demand skills.
Here are the NC startups that raised money last week: Durham-based CloudFactory ($65 million), Charlotte-based ThreatSwitch ($300,000 round), Raleigh-based Plant Health Care ($3.02 million); Carolina CannaTech ($1.26 million).
- Check out TechWire’s comprehensive resource package for Triangle startups.
And, some national news: As it faces a probe from the SEC, WeWork is cutting nearly 20% of its workforce and outsourcing 1,000 jobs (the impact on WeWork in North Carolina isn’t yet clear); HP rejected a $33.5 billion takeover offer from Xerox; vaping-linked lung injuries climbed to 2,290; Tesla unveiled its Cybertruck, a futuristic version of the classic pickup truck; PayPal has acquired Honey in a $4 billion deal.
Keeping with our Monday tradition, here’s a look back at 79 local, state and national headlines as reported by WRAL TechWire last week:
MONDAY November 18 Headlines:
- A billion billion per second: Lenovo, Intel drive Harvard supercomputer to faster calculations
- Airbnb to work with Olympic Committee on housing for future Games
- Cree lands deal with power giant ABB to expand growing footprint of its semiconductors
- Cucalorus Connect 10X10 Challenge, Rocket Pitch give entrepreneurs the stage
- Eye disease drug firm Aerie Pharma acquires Spanish company for $10M
- Here’s your guide to 130+ meetups for entrepreneurs & tech pros in Triangle
- HP rejects $33.5B takeover offer from Xerox but remains open to merger idea
- Kathy Ireland signs on with Charlotte startup real estate platform
- NC averages 4.4 new startups per 1,000 residents, but urban counties still dominate
- NC headliners: Previewing 31 events across North Carolina this month
- NC IDEA Entrepreneurial Ecosystem Summit to examine state-wide startup activity, growth
- NCSU entrepreneurship programs crack Princeton Review-Entrepreneur top schools’ lists
- NCSU to celebrate Global Entrepreneurship Week
- On the horizon: A look at events, application deadlines across NC set for December
- Photo shoot: Inside Red Hat’s new Open Studio launching today
- Report: WeWork looks to cut one third of workforce, faces SEC inquiry
- Supreme Court to hear Oracle-Google suit over Android
- TechWire rewind: Medfusion sale; Spreedly growth; Cucalorus Festival + 80 more headlines
- T-Mobile’s No. 2 to replace current CEO in May
- Triangle headliners: 43 conferences, workshops & networking events in Nov.
- Triangle Startup Guide adds more resources for local entrepreneurs
TUESDAY November 19 Headlines:
- BioCryst Pharma raises $63M through stock offering
- Cary-based logistics software firm MercuryGate names new chief financial officer
- Clean energy startup claims ‘holy grail’ solar advance – with Bill Gates backing
- Cree doubles value of semiconductor deal to $550M
- Duke engineers’ organic sandwich could be key to next generation electronics
- Greenville gaming firm looking to add ‘at least’ 100 jobs
- Healthcare IT firm Well Dot picks Chapel Hill for its $3.1M headquarters, adding 400 jobs
- Investors pour another $300,000 into Charlotte cybersecurity startup ThreatSwitch
- Merz hopes to make Raleigh the center of booming medical aesthetics market
- Nanotech firm HZO opens new HQ in Morrisville, plans 500 jobs in Triangle
- Report: Cisco sues 3 former ‘senior’ workers alleging they stole confidential info
- Soft launch for Google’s game-streaming service Stadia
- UNC researcher working to make solar energy more affordable
- US extends limited reprieve on tech sales to China-based Huawei
WEDNESDAY November 20 Headlines:
- Amazon acknowledges possible use of facial recognition in smart doorbells
- Analysis: Gannett merger, McClatchy woes reflect turbulent media waters
- Creativity, innovative problem solving are key themes for NC Rural Assembly
- Durham’s Code the Dream goes national with remote classes
- Durham startup CloudFactory lands $65M from investors
- GenZ, Millennials still love going to a real bank – here’s why
- National community college entrepreneur group moving HQ to Cary
- NC startups to watch profiles: A Q&A with ThreatSketch, providing cybersecurity
- NC startups to watch profiles: A Q&A with Viibrant, tailoring tech for senior communities
- Report: Triangle office demand drives up rents, cuts vacancies to record levels
- Take that, Slack: Microsoft says its Teams has millions more users
- You’ve got to have heart: Inside UNC Health Care’s fight to save a baby with rare transplant
- Work or shop? Nearly half Raleigh employees will be gift browsing on the job
THURSDAY November 21 Headlines:
- Amnesty International: Facebook, Google are ‘unprecedented danger to human rights’
- Astronomers: SpaceX, other satellites are cluttering view of stars
- Backed by VCs, Raleigh-based Murphy’s Naturals gets ready to expand
- Billionaire hedge fund founder Ray Dalio says global economy is heading for a ‘great sag’
- Charlotte investment firm Frontier rebrands with new name
- Cisco shuffles management in reorganization to ‘better align’ with customers
- Durham entrepreneur who wants to employ 1 million raises $65 million
- ‘First-ever completely virtual clinical trial’ for drug uses PRA Health platform
- It’s a wrap! Reflecting on Cucalorus 25 – and what’s to come
- ‘Nannies on wheels’: Ride-hailing apps for kids help parents with chauffeuring duties
- PayPal makes Honey of a deal, buying online site in $4B deal
- Raleigh agtech startup raises more than $3M in equity
- RTI, North Carolina to test app designed to aid prisoner re-entry
- Seed-to-sale industrial hemp company Carolina CannaTech raises $1.26M to build extraction lab
FRIDAY November 22 Headlines:
- AT&T preps for faster 5G service launch – but Triangle isn’t on the list
- Chapel Hill ‘mobile yoga’ startup lands partnership with 02 Fitness
- Coalition launches to combat 20+ years of stagnant startup rates
- Developers to convert 95-acre former Nortel site into RTP office campus
- European Commission approves Aerie Pharma’s glaucoma drug
- Former Triangle tech entrepreneur Pete Loftin dies
- Gene editing startup hits milestones for new crops in $100M deal with Bayer
- Good Hemp appoints new CFO through consulting agency
- High-tech job openings across NC surge above 30,000
- Introducing Cybertruck, Tesla’s version of the pickup truck
- Lung injuries linked to vaping climb to 2,290; death toll up 7 to 49
- Seattle startup Atomo crafting coffee without the beans
- NC clinic becomes ‘first in state’ to join Mayo Clinic Care Network
- NC Tech Association recognizes companies, execs at annual Tech Awards
- Photo shoot: Capturing Cucalorus 25 Festival moments
- Want a high-tech job? These skills are what NC employers need most
- WeWork cuts nearly 20% of workforce, outsources another 1,000 jobs
