towards the end of last year. It started out strong, with a quarterly record of 80 such deals in the first quarter. But the 14 megarounds in the fourth quarter was the lowest number in five years.Here's more Bay Area venture and startup news from the start of the week.Palo Alto, $7 million: Eclipse Ventures led the seed funding of this provider of claims automation and client communications software for the insurance industry.San Francisco, $3.
and a narrower focus in a 40% cost-cutting move as it pushes to become cash flow positive this year. The Santa Clara voice assistant provider's stock has dropped by 87% since going public in an April 2021 merger with a blank check company
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