DEEPL CUTS 25% OF STAFF AMID AI SHIFT
DeepL, the German translation startup, is laying off approximately one-quarter of its workforce. CEO Jarek Kutylowski attributed the cuts to a "massive structural shift" driven by artificial intelligence.
■ MORE FROM THE STARTUPS DESK
Metriport secured $26M in Series A and seed funding led by Matrix GP, bringing its total funding to $28.4M. The startup provides tools that enable doctors to retrieve and manage patient data.
Faro, an AI platform for clinical trial optimization, closed a $37.3 million Series B round co-led by Merck Global Health Innovation Fund and S32. The funding will support development of data models and AI tools designed to streamline trial processes.
Ajaib, a Stanford-founded stock trading app, secured $270 million in Series C funding from SBI Holdings, marking Indonesia's largest tech fundraising round since 2022.
Town, an enterprise personal AI assistant platform, is in talks to raise funding at a $1 billion valuation in a round led by Index Ventures, according to sources.