U.S. tech layoffs top 17,000, will VC money follow love in pandemic wedding boom? And more - June 7, 2022

June 7, 2022 [Will VC money follow love in pandemic wedding boom?]( American weddings, after years of pandemic postponements, are expected to hit their highest level in nearly four decades this year. That pops the question: Will funding to wedding-related startups—which peaked in 2018 at $543 million, but has since dwindled—follow? [The tech companies that cut jobs in the past week]( Several more U.S. tech companies laid off staff in the past week, as both startups and large public companies trim their workforces to counter market challenges. There have been at least 17,000 employees laid off in mass job cuts in the U.S. tech sector so far this year, per a Crunchbase News analysis. We’re keeping track with our continuously updated database of job cuts. [Perimeter picks up $100M to become latest cyber unicorn]( Perimeter 81 is the newest “cyber-corn” following a $100 million Series C that values it as a unicorn. The company’s platform enables businesses to secure remote access, network traffic and endpoint devices, and enforce zero-trust network access. The Tel Aviv-based company said in a release that it has more than doubled its ARR year over year and will use the new cash for hiring and development. [VC funding is falling, but not at every stage]( Global venture funding last month was $39 billion, Crunchbase data shows, marking the first month in more than a year when it dropped below $40 billion. The May figure is almost half of the $70 billion VC funding peak reached in November 2021. But while late-stage and technology growth investing has been most severely impacted, seed funding remains surprisingly robust. [What are VCs backing at Series A? Here are 5 hot areas]( Even as U.S. venture funding falls from peak levels, things are still far from slow. So far this year, investors have poured more than $16 billion into Series A rounds alone. As usual, the lineup of funded companies is mesmerizingly diverse, touching on spaces from virtual reality to mimic hallucinogenic mind trips to portable nuclear microreactors. [Despite market slowdown, these big investors stayed active in May]( Just like April, May saw only a half dozen firms invest in 10 or more deals announced in the month—down from May 2021, when 10 firms took part in double-digit numbers of rounds. This all comes on the heels of Tiger Global seeing losses for the year hit 52%. [The science of startup valuation]( You may have heard that startup valuation is more art than science, but that’s not necessarily true, argues startup consultant Dan Gray. Just because the process is qualitative doesn’t mean the methodology is unscientific. He walks us through the process of arriving at a defensible valuation for both early- and late-stage private companies. [Drive results with the right sales engagement platforms]( Time is money, and it’s important to have the right sales tools to empower and enable your sales team to be efficient and productive. In this article, we’ll look at how adding a sales engagement platform to your sales stack can help your team find more time in their day to close deals. Limited-Time Promo Close out the quarter strong with Crunchbase Pro - now 20% off with code CLOSEOUTQ2 [Redeem Offer]( [Crunchbase ROI Calculator]( [See the number of new accounts Crunchbase can add to your funnel with our advanced prospecting ROI calculator powered by Crunchbase data.]( [Calculate]( Crunchbase Pro: Searches and Lists Name Type Entries [Venture investments in SaaS companies in the last 6 months]( Funding Rounds 818 [Cloud services companies recently funded]( Funding Rounds 150 [Venture-backed fantasy sports companies]( Companies 182 [More Featured Searches and Lists]( [Check out our Crunchbase solutions here]( – prospecting tools made for everyone Recent Investments [Resilience]( [$625M]( / [Series D]( Resilience provides end-to-end biopharmaceutical manufacturing and development solutions. 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