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Yumi, a startup backed by a long list of prominent Silicon Valley investors that makes high-end organic baby food, is raising a down round that values the company at around $40 million, Business Insider has learned. The funding represents a substantial discount from Yumi's Series B round in 2021, which valued the company at more than $300 million, according to Pitchbook data. It also means Yumi has burned through more than twice as much cash, nearly $90 million dollars, as it is currently worth. Startup fundraising tumbled to a five-year low in 2023 with funding for e-commerce and shopping startups down 60%, according to Crunchbase data. Convoy, the freight startup that was once called the "Uber for trucking" and raised more than $1 billion, shut down in November.
Persons: Yumi, Evelyn Rusli, Angela Sutherland, Gerber, Sutherland, Rusli, Anne Wojcicki, Gabrielle Union, Warby Parker, Goldman Sachs, Christina Minnis, Kelly Coffey, Masha Drokova, Lauren Dillard Organizations: Business, BI, Walmart, New York Times, Wall Street Journal, New Enterprise Associates, Uber, City National Bank, One Ventures, Nasdaq, Startup, Convoy, Olive Locations: millennials
“One study showed that individuals who play video games for longer times are at higher risk of developing hearing loss or tinnitus.”Tinnitus refers to an internal sensation of a ringing, buzzing or roaring sound in one or both ears. That’s why the study’s authors wondered what the relationship with hearing loss and tinnitus might be — especially since many games also have loud sudden sounds such as gunshots or engines revving. “This can result in temporary hearing loss or ringing in the ears,” she added. But hearing damage is permanent, and exposure to high-intensity sounds when young could make kids more vulnerable to developing age-related hearing loss later, so the authors have urged the importance of prevention. “Key warning signs of hearing loss include experiencing tinnitus, difficulties hearing high-pitched sounds or difficulties following conversations,” Dillard said.
Persons: , Dr, Lauren Dillard, De, Swanepoel wasn’t, Dillard, ” Dillard, Janet Choi, Choi wasn’t, ” Swanepoel, Swanepoel, , “ It’s Organizations: CNN, BMJ Public, University of Pretoria, WHO, University of Colorado School of Medicine, , World Health Organization, International Telecommunication Union, US Centers for Disease Control, University of Southern California’s Keck School of Medicine Locations: South Africa
CNN —Turning down the racket isn’t just for disgruntled parents — a new study has shown it could protect more than 1 billion people at risk for hearing loss. “We estimated that 0.67 to 1.35 billion individuals aged 12-34 years worldwide likely engage in unsafe listening practices,” and are therefore at risk for hearing loss, said lead study author Lauren Dillard via email. If that goes on for too long, they can become permanently damaged, resulting in hearing loss, tinnitus or both. Researchers conducted a meta-analysis of scientific articles regarding unsafe listening practices published between 2000 and 2021 across three databases, the study said. Primary prevention in early adults is critical to avoid earlier onset and accelerated age-related hearing loss.”
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