Rippling's Espionage Saga Inspires Hollywood: Startups Weekly Recap

Rippling's Espionage Saga Inspires Hollywood: Startups Weekly Recap
This week in the startup world, Rippling made headlines by releasing an affidavit from a former employee accused of corporate espionage, potentially catching the eye of Hollywood producers. Meanwhile, EV truck maker Harbinger raised concerns about Canoo's bankruptcy proceedings, alleging asset concealment. Qualcomm acquired VinAI's generative AI division, while Epic Games bought Loci, an AI tagging platform. Notable funding rounds included Isomorphic Labs' $600 million raise and Plaid's $575 million at a reduced valuation, signaling a dynamic shift in the fintech landscape.