TECH CRUNCH - Artifact, the new personalized news app from Instagram's co-founders, is another startup whose funding was caught up in the Silicon Valley Bank failure. Unlike many other startups impacted by the bank crisis, Artifact's co-founder Kevin Systrom was in the fortunate position of being able to self-fund their startup, if need be, and was planning to loan the company money to keep it afloat. As it turns out, Artificat's financial crisis was short-lived. Systrom said that after the government took control of SVB, Artifact has since recovered all funds and has no more problems on that front.
by Sarah Perez
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