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Alphabet shutters Loon balloon experiment
Alphabet is shutting down Loon, its experimental balloon alternative to cell phone towers.
Founded in 2011, Loon aimed to bring connectivity to places where other infrastructure was not feasible or prohibitively expensive.
Alphabet said it did not find a way to get costs low enough to create a viable business.
Funding roundsSafetyWing snags $8M for remote worker insurance: SafetyWing, a startup offering travel medical insurance with an eye toward digital nomads, has raised $8 million in a round led by Creandum.
Illustration: Dom Guzman