Fundings & Exits
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GitHub is raising a secondary round
We’re hearing from several sources that a secondary financing round is in the works for GitHub, following its last $250 million financing round that valued it at $2 billion in July last year. However, there’s a little bit of interesting chatter beyond that they’re raising a secondary for potential liquidation of investors or employees, we hear. There are two parts to the… Read More
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Snap is reportedly preparing for an IPO that could value it at $25B or higher
The Wall Street Journal is reporting that Snap — the now-parent company of Snapchat — is working on an initial public offering for as early as March that could value the company at $25 billion or higher. The company most recently raised $1.8 billion in a financing round in May this year. The company has around 150 million daily active users, and leaked documents reported by… Read More
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Capital One acquires online price tracker Paribus
Capital One is making another acquisition in the fintech space, this time snatching up the price tracking service Paribus, which helps online shoppers get automatic refunds when prices drop on items they purchased. Deal terms were not disclosed, but the acquisition involves bring both the team and the technology itself to Capital One. Launched in the Startup Battlefield at TechCrunch Disrupt… Read More
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Akamai buys Soha Systems to add more security to its cloud networking business
Consolidation continues to work its way through the world of enterprise startups. Today Akamai announced that it has acquired Soha Systems in an all-cash deal. Soha provides enterprise secure access as a service. Akamai is not disclosing the value of the deal, saying it was immaterial for the company. The news comes less than a week after Akamai announced that it acquired an… Read More
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Honest Co. is reformulating its soaps after ingredients controversy
The consumer products startup founded by Jessica Alba, The Honest Co., on Friday told The Wall Street Journal that it plans to reformulate its dish soap, laundry detergent and other cleaners after an earlier controversy over their ingredients.
The Honest Co. markets its products as gentler, healthier and more environmentally sustainable than those of mainstream brands in the U.S.
However… Read More
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Avast CEO on why it’s just spent $1.4BN to absorb security rival AVG
Security firm Avast has today confirmed the completion of a $1.4 billion acquisition of fellow Czech-based antivirus company AVG. The deal will see Avast’s customer base nearly double — swelling from 230 million to more than 400 million in total, 160M of whom are mobile users. Read More
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Prowler.io raises $2M to help AI systems make smarter choices
As we inch closer to a time when we may rely on truly autonomous devices to move us or do things on our behalf, the need for software that’s able to think on its feet (or mid-air) will be essential. Now, an artificial intelligence startup working on this emerging area of machine learning has raised a seed round of funding to try to do just that. Cambridge, UK-based Prowler.io, which… Read More
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Spotify could out-dance Apple if it does acquire SoundCloud
SoundCloud as a company is a disaster, but its the only streaming service with the DJ sets and remixes kids love. So it makes perfect sense that Spotify is in advanced talks to acquire SoundCloud, the Financial Times reports. Spotify already declined to buy it twice over the past year and a half, but talks broke down over pricing. But since then, SoundCloud has hammered out deals with the… Read More
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Watson Financial Services is born out of IBM’s purchase of Promontory Financial Group
If Nathan’s Hot Dog Eating Contest had a big data eating contest brother, IBM would be a serious contender for first place. Today the tech stalwart announced that it had come to an agreement to acquire Promontory Financial Group. To make sense of this deal, you have to avoid relegating Promontory into the small box of financial services. Instead, it’s most practical to think… Read More
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Dozr raises $1.9 million to become an Airbnb for bulldozers and excavators
A startup called Dozr Inc. has raised CAN $2.5 million (or $1.9 million USD) in seed funding to help contractors rent heavy industrial equipment from other construction professionals who have it, but aren’t using it. Based in Kitchener, Ontario Dozr’s marketplace lets builders rent equipment, like excavators, skidsteers or one day drones and industrial robotics, either alone, or with… Read More
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