Freshworks

Layoffs · Americas

Major tech and financial services companies (Amazon, Block, Cisco, Cloudflare, Meta, IBM, Google) are announcing significant workforce reductions (10-40%) driven by AI infrastructure investment and AI replacement initiatives. Tech sector has seen 37,638 job cuts year-to-date, with 47.9% attributed to AI strategy.

Ma Activity · Americas

Duck Creek Technologies acquired Send, combining Duck Creek's intelligent core and Agentic AI Platform with Send's AI-native orchestration engine to create an end-to-end underwriting platform for commercial, specialty, and London Market insurers.

Capital Raising · Americas

HIVE (Physical AI startup) secured $15M in pre-Series A funding led by SuperSeed, with participation from Veriten, Skyfall, Nysnø and angel investors. Company expanding from Europe into US.

Product Launch · Americas

Actian (data and AI division of HCLSoftware) expanded its data management portfolio by integrating Jaspersoft's embedded analytics and reporting capabilities with its existing data management and AI offerings to support operational reporting and intelligent decision-making.

Partnership · Americas

Simplilearn partnered with Virginia Tech Continuing and Professional Education to launch a Professional Certificate Program in AI-Powered Cybersecurity

Partnership · Americas

Lemonade renewed and renegotiated its reinsurance program to retain a higher percentage of premiums, driving a 24% stock increase.