Startups Posts

Raytheon acquires Blackbird Technologies for $420 million

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Raytheon announced that it acquired BlackBird Technologies for $420 million. Blackbird offers cybersecurity services to spy agencies and special ops. Raytheon said the transaction would not impact sales or earnings per share for Q4 2014.

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Viddy is shutting down on December 15th

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Viddy used to be considered the “Instagram for video.” Now Viddy is going to shut down on December 15th. The shutdown was announced by Viddy’s parent company Fullscreen. Fullscreen acquired Viddy for around $20 million.

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Stratos raises $5.8 million

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Stratos (formerly known as Protean Payment) has raised $5.8 million in funding. Stratos is currently building a solution to consolidate your credit cards, loyalty cards, and rewards cards. Based in Ann Arbor, Michigan, Stratos competes against services like Coin, Apple Pay, and Keyring.

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Hootsuite now has a $1 billion valuation

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Hootsuite is a social media management company that has raised $60 million in funding. The new round of funding values Hootsuite at around $1 billion. This round of funding was led by an undisclosed investor with participation from Insight Venture Partners, Accel Partners and OMERS Ventures.

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Robinhood raises $13 million

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Robinhood is a zero-fee stock trading service that has raised $13 million from several celebrities. The funding will be used to hire talent to make its app secure. There are a number of people that are waiting in a private beta wait list.

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AppNexus raises $25 million

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AppNexus has raised $25 million in funding from WPP. WPP’s stake in AppNexus has increased to around 15%. WPP previously had an equity stake of under 1%. WPP is going to transfer ownership of its “Xaxis For Publishers” ad service to AppNexus. WPP is investing heavily in the programmatic media space.

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Sage to acquire PayChoice for $157.8 million

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Sage announced earlier this week that it will buy PayChoice for $157.8 million. PayChoice offers cloud-based payroll software. The deal is expected to close next month.

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Ping Identity raises $35 million

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Ping Identity provides Internet and SaaS identity security and single sign-on solutions to enable secure access to Internet apps. Ping Identity has raised $35 million in funding led by KKR with participation from Ten Eleven and several other investors. Ping Identity has raised a total of $110 million. Ping Identity has around 1,200 customers, including half of the Fortune 100.