DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Sankaet Pathak - 2 Pathak - 2 General Motors — - 1 Darryll Harrison - 1 cofounders - 1 Mike LeBlanc - 1 LeBlanc - 1 Arjun Sethi - 1
Top related locs:
Mexico California Maryland Joseph Dominguez of Sacramento , California Silicon
Top related orgs:
Synapse - 2 CNBC - 2 General Motors - 1 Robotics Labs - 1 GM - 1 Menlo - 1 Tribe - 1 Foundation - 1

Search resuls for: "Sankaet Pathak"


2 mentions found


☆ Robotics startup cofounded by Synapse CEO is raising funds with exaggerated claims about GM ties
  + stars: | 2024-06-12 | by ( Hugh Son Michael Wayland | Hugh Son | Michael Wayland | ) www.cnbc.com   time to read: +3 min
The investor pitch claimed GM had already committed to an investment, along with the Menlo Park-based VC firm Tribe Capital. "GM agreed to let us collect the ground truth data in their factories," Foundation said in the document. "GM has never invested in Foundation Robotics and has no plans to do so," spokesman Darryll Harrison said in an emailed statement. The contents of the document were confirmed by someone with direct knowledge of Tribe Capital. Tribe Capital and its cofounder Sethi declined to comment, while Pathak didn't respond to messages seeking comment.
Persons: General Motors —, Darryll Harrison, cofounders, Mike LeBlanc, LeBlanc, Sankaet Pathak, Arjun Sethi, Sethi, Pathak Organizations: Synapse, General Motors, Robotics Labs, CNBC, GM, Menlo, Tribe, Foundation, Foundation Robotics, Robotics, New Foundation Foundation, Cobalt Robotics, McKinsey, Tribe Capital Locations: Mexico
☆ Fintech nightmare: 'I have nearly $38,000 tied up' after Synapse bankruptcy
  + stars: | 2024-05-22 | by ( Hugh Son | ) www.cnbc.com   time to read: +4 min
The situation deteriorated in April after Synapse declared bankruptcy following the exodus of several key partners. That has left users of several fintech services stranded with no access to their funds, according to testimonials filed this week in a California bankruptcy court. One customer, a Maryland teacher named Chris Buckler, said in a May 21 filing that his funds at crypto app Juno were locked because of the Synapse bankruptcy. Synapse had contracts with 20 banks and 100 fintech companies, resulting in about 10 million end users, according to an April filing from founder and CEO Sankaet Pathak. The freeze-up of customer funds exposes the vulnerabilities in the banking as a service, or BAAS, partnership model and a possible blind spot for regulatory oversight.
Persons: Andreessen Horowitz, Chris Buckler, Buckler, Dave, Juno, Sankaet Pathak, Pathak, Joseph Dominguez, Dominguez, Jason Mikula, Mikula Organizations: Istock, Synapse, Evolve Bank & Trust, Mercury, CNBC, Evolve Bank, Trust, Regulators, FDIC, Federal Reserve Locations: California, Maryland, Joseph Dominguez of Sacramento , California, Silicon
0 next >>
Total: 2