Welcome to the roundup of the latest from Philly's tech and entrepreneurship scene. Want this in your inbox? Subscribe for free.
Ghost Robotics acquired by South Korean firm
Ghost Robotics officially announced its acquisition by aerospace manufacturer LIG Nex 1. The South Korean defense giant bought a 60% control stake in Ghost in a $240 million deal, making the startup’s total valuation $400 million.
The company plans to maintain its Philadelphia headquarters at Pennovation Works and the leadership team plans to stay in their roles, founder and CEO Gavin Kenneally told Technical.ly.
➡️ Read on for more about Ghost and why it’s been in the news so much lately
The CEO of Vimeo is a ‘big Pennsylvania guy’
Philip Moyer grew up in Reading, earned his bachelor’s degree in computer science from the University of Pittsburgh and currently lives in Berwyn.
Now the CEO of Vimeo, Moyer started his career as an engineer. He moved to sales, then VC and eventually into leadership roles, working for companies like AWS and Google. But he still credits his career to his lifelong ties to PA.
➡️ Read more about Moyer’s career journey
News Incubator: What else to know today
• The global IT outage caused by CrowdStrike’s latest update highlights tensions between cybersecurity and operations teams, wrote Tina Williams-Koroma. [Technical.ly]
• Seventeen Philadelphia-area companies made Forbes’s list for America’s Best Employers for Women, including Comcast. [Philly Biz Journal]
• Clinical data sharing org HealthShare Exchange announced a new data sharing platform as part of its Network for Enhancing Social Service Transitions for Seniors. [HealthShare Exchange]
🗓️ On the Calendar
• Philly Tech Entrepreneurs is hosting its Tech Talk Tuesdays happy hour on July 30 [More details]
• GeoPhilly is back with a summer happy hour on July 30. [More details]
Sarah Huffman is a 2022-2024 corps member for Report for America, an initiative of The Groundtruth Project that pairs young journalists with local newsrooms. This position is supported by the Lenfest Institute for Journalism.Before you go...
Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.
3 ways to support our work:- Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
- Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
- Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!
No, Kamala Harris isn’t the official candidate of the Philadelphia Eagles – and the city’s ads didn’t get hacked
Newly formed AI startup acquires Philly’s defunct LifeBrand, which still owes staff and investors
15 virtual and in-person tech community events for September
