The is officially certified as ‘Works with Apple Home‘. It’s the company’s first Hub/bridge device to earn Apple’s smart home badge, which allows for easier control of SwitchBot devices inside the Home app and HomeKit.
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It’s Tuesday, July 1, 2025, and we’re back with your daily breakdown of startup and tech funding moves. Today’s deals span early-stage moonshots and late-stage growth bets—from robotics and longevity biotech to climate tech and crypto trading platforms. AI remains […]
The post Top 10 Startup and Tech Funding News – July 1, 2025 first appeared on Tech Startups.
Scientists at several federal agencies are losing access to scientific literature published by Springer Nature, which produces the prestigious journal Nature among many other high-profile titles.
That's according to a report Monday by Nature's news team, which is also published by Springer Nature, but is editorially independent.
According to the news outlet, spokespeople for NASA and the US Department of Agriculture (USDA) confirmed that agency scientists would no longer have access to Springer Nature journals. A USDA spokesperson said that it "has cancelled all contracts and subscriptions to Springer Nature. The journal [sic] is exorbitantly expensive and is not a good use of taxpayer funds." A government spending database also shows the Department of Energy (DOE) has dropped contracts with the publisher.
© Getty | LOIC VENANCE/AFP
Figma, the platform that specializes in collaborative interface design, has filed for an initial public offering (IPO). The company will trade under the ticker symbol “FIG” as it prepares to “double down” on its investments in AI.
Figma was nearly acquired by Adobe for $20 billion in 2022, but the two companies scrapped the deal in 2023 after facing pressure from regulators in the UK and the European Union. Last year, Figma CEO Dylan Field hinted at going public last year during an interview included in The Verge’s Command Line newsletter, saying, “There are two paths that venture-funded startups go down. You either get acquired or you go public. And we explored thoroughly the acquisition route.”
Figma confidentially filed for an IPO in April. Its new filing reveals Figma’s revenue spiked to $228.2 million from $156.2 million when compared to the same time last year. This year, Figma expanded its library of tools to include features for website building, AI coding, branded marketing, and digital illustration. It has also started letting AI models gain access to its design servers to make coding more efficient.
“We’re already investing heavily in AI and we plan to double down even more in this area,” Field says in the filing. “AI spend will potentially be a drag on our efficiency for several years, but AI is also core to how design workflows will evolve going forward.”
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The Trump administration plans to cancel a fleet of orbiting data relay satellites managed by the Space Development Agency and replace it with a secretive network that, so far, relies primarily on SpaceX's Starlink Internet constellation, according to budget documents.
The move prompted questions from lawmakers during a Senate hearing on the Space Force's budget last week. While details of the Pentagon's plan remain secret, the White House proposal would commit $277 million in funding to kick off a new program called "pLEO SATCOM" or "MILNET."
The funding line for a proliferated low-Earth orbit satellite communications network hasn't appeared in a Pentagon budget before, but plans for MILNET already exist in a different form. Meanwhile, the budget proposal for fiscal year 2026 would eliminate funding for a new tranche of data relay satellites from the Space Development Agency. The pLEO SATCOM or MILNET program would replace them, providing crucial support for the Trump administration's proposed Golden Dome missile defense shield.
© US Air Force photo by Senior Airman Mitchell Corley
