Enterprise

Bling Capital Closes $113 Million For Two New Funds

By Amit Chowdhry ● Dec 8, 2020

Bling Capital — a venture firm led by Benjamin Ling — has closed $113 million in capital commitments across two new funds.

PhonePe Raising $700 Million At $5.5 Billion Valuation

By Amit Chowdhry ● Dec 8, 2020

PhonePe — an India-based digital payments company within Walmart’s Flipkart — announced it was planning to raise $700 million from existing investors at a valuation of $5.5 billion.

Why Cisco (CSCO) Is Buying IMImobile (IMO) For $730 Million

By Amit Chowdhry ● Dec 8, 2020

Cisco (NASDAQ: CSCO) and IMImobile PLC (AIM: IMO) recently announced that they have reached an agreement where Cisco will buy IMImobile for about $730 million.

Why JPMorgan Asset Management Is Buying 55ip

By Amit Chowdhry ● Dec 8, 2020

J.P. Morgan Asset Management recently announced it entered into a definitive agreement to buy 55ip. These are the details.

E-Commerce Fulfillment Company ShipMonk Raises $290 Million

By Annie Baker ● Dec 7, 2020

ShipMonk — a leading provider of e-commerce fulfillment and technology solutions — announced it has raised a $290 million growth equity round led by Summit Partners.

Cloud Automation Platform Fylamynt Raises $6.5 Million

By Noah Long ● Dec 7, 2020

Cloud automation platform company Fylamynt announced it launched with $6.5 million in a seed round of funding.

Scale AI: $155 Million Funding And Over $3.5 Billion Valuation

By Amit Chowdhry ● Dec 6, 2020

Scale AI — a company that delivers high-quality training data for AI applications — announced it raised $155 million in funding at a valuation of over $3.5 billion.

Event Success Platform Bizzabo Raises $138 Million

By Noah Long ● Dec 6, 2020

Leading Event Success Platform Bizzabo announced it has raised $138 million in Series E funding.

Digital Adoption Platform Apty Closes $5.4 Million In Funding

By Annie Baker ● Dec 5, 2020

Digital Adoption Platform Apty announced it has raised $5.4 million in post-seed funding. These are the details.

Document Engagement Platform Company AirDeck Raises $3.4 Million

By Dan Anderson ● Dec 5, 2020

AirDeck — an online platform for helping users create narrated presentations and documents for on-demand viewing — announced that it raised $3.4 million in funding led by Rock River Capital Partners and Cultivation Capital.

Cybersecurity Company Deduce Raises $7.3 Million

By Noah Long ● Dec 4, 2020

Deduce — a leading provider of cybersecurity solutions powered by real-time customer identity — announced it has raised $7.3 million in funding

Streaming SQL Database Company Materialize Raises $40 Million

By Dan Anderson ● Dec 4, 2020

Streaming SQL database company Materialize announced that it has raised $40 million in funding.

Vista Equity Partners Acquires Majority Stake In Gainsight

By Annie Baker ● Dec 3, 2020

Vista Equity Partners has bought a majority stake of customer success company Gainsight in a deal that values the company at $1.1 billion. These are the details.

On-Demand Warehousing Company FLEXE Raises $70 Million

By Noah Long ● Dec 3, 2020

On-demand warehousing and fulfillment leader FLEXE announced it has raised $70 million in Series C funding. These are the details.

Olive: $225.5 Million And $1.5 Billion Valuation

By Dan Anderson ● Dec 3, 2020

Olive recently announced that it raised $225.5 million in funding led by Tiger Global.

Facebook Is Buying Kustomer For A Reported Price Of Over $1 Billion

By Amit Chowdhry ● Dec 2, 2020

Facebook, Inc. (NASDAQ: FB) recently announced it is buying a company called Kustomer. These are the details about the deal.

Non-Addictive Pain Management Company Vivera Pharmaceuticals Raises $440 Million

By Annie Baker ● Dec 2, 2020

Vivera Pharmaceuticals and Burkhan World recently announced $440 million in financial backing by JR Dallas Wealth Management in support of Vivera's global growth strategies.

Why ServiceNow (NOW) Is Buying Element AI

By Amit Chowdhry ● Dec 2, 2020

ServiceNow (NYSE: NOW) recently announced it has signed an agreement to buy Element AI. These are the details.

Why Jacobs Is Buying A Majority Stake In PA Consulting

By Dan Anderson ● Dec 2, 2020

Jacobs (NYSE:J) and PA Consulting — a leading innovation and transformation consulting firm — announced recently that they will form a strategic partnership in which Jacobs will acquire a 65% stake in PA.

Industrial Robotics Company Percepto Raises $45 Million

By Annie Baker ● Dec 2, 2020

Percepto — a company that is pioneering autonomous inspection by industrial robotics — announced recently that it raised $45 million in a Series B round of funding.

Contour Venture Partners Closes $82 Million Fourth Seed Fund

By Noah Long ● Dec 2, 2020

New York City-based seed-stage venture capital firm Contour Venture Partners recently announced it closed Contour Venture Partners IV with $82 million of capital commitments.

Home Insurance Company Hippo Enterprises Raises $350 Million

By Dan Anderson ● Dec 2, 2020

Hippo Enterprises — a high-growth insurtech group that is transforming the home insurance industry — announced recently that it raised $350 million in funding from Mitsui Sumitomo Insurance Company.

Salesforce Confirms $27.7 Billion Acquisition Of Slack: Details

By Amit Chowdhry ● Dec 2, 2020

Salesforce and Slack have entered into a definitive agreement under which Salesforce will acquire Slack for $27.7 billion. These are the details.

Smart Window Company View To Merge With CF Finance Acquisition Corp II (CFII)

By Dan Anderson ● Dec 1, 2020

Smart window company View and CF Finance Acquisition Corp. II — a special purpose acquisition company (SPAC) sponsored by Cantor Fitzgerald — announced they have entered into a definitive merger agreement to take View public.

S&P Global (SPGI) To Buy IHS Markit (INFO) In $44 Billion Deal

By Amit Chowdhry ● Nov 30, 2020

S&P Global Inc (NYSE: SPGI) and IHS Markit Ltd (NYSE: INFO) announced they have entered into a definitive merger agreement to combine in an all-stock transaction that values IHS Markit at an enterprise value of $44 billion.

Current: $131 Million Funding And $750 Million Valuation

By Noah Long ● Nov 30, 2020

Current -- a leading U.S. challenger bank serving Americans overlooked by traditional banks -- announced recently that it raised $131 million in Series C funding.

Bertelsmann Acquiring Simon & Schuster For $2.18 Billion

By Amit Chowdhry ● Nov 29, 2020

German media company Bertelsmann SE announced it is buying Simon & Schuster from ViacomCBS for $2.18 billion in an all-cash deal. These are the details.

Why Splunk Is Buying Flowmill

By Amit Chowdhry ● Nov 29, 2020

Splunk Inc. (NASDAQ: SPLK) — a provider of the Data-to-Everything Platform announced recently it has signed a definitive agreement to buy Flowmill. These are the details about the deal.

Why CoStar Is Buying Homesnap For $250 Million

By Amit Chowdhry ● Nov 28, 2020

CoStar Group, Inc. (NASDAQ: CSGP) — a leading provider of commercial real estate information, analytics, and online marketplaces — announced recently that it has reached an agreement to acquire Homesnap for $250 million. These are the details.

Why Merck (MRK) Is Buying OncoImmune For $425 Million

By Amit Chowdhry ● Nov 27, 2020

Merck recently announced it is buying OncoImmune for $425 million in cash. These are the details about the deal.