Enterprise

Robinhood: $320 Million Funding And $8.6 Billion Valuation

By Amit Chowdhry ● Jul 15, 2020

Commission-free trading company Robinhood revealed that it raised $320 million in funding from new and existing investors. These are the details.

Why SiriusXM Is Buying Stitcher From E.W. Scripps Company For $325 Million (SSP, SIRI)

By Amit Chowdhry ● Jul 15, 2020

The E.W. Scripps Company (NASDAQ: SSP) recently announced that it has entered into an agreement with SiriusXM Holdings (NASDAQ: SIRI) to sell podcast industry leader Stitcher for $325 million.

Why Jobvite Hired The Data Science And AI Teams At Predictive Partner

By Noah Long ● Jul 15, 2020

Jobvite — a leading end-to-end talent acquisition suite — announced that it has acquired the artificial intelligence (AI) and data science team at Predictive Partner.

Traceable: This Startup Co-Founded By Serial Entrepreneur Jyoti Bansal Just Launched With $20 Million In Funding

By Amit Chowdhry ● Jul 15, 2020

Traceable — the world's first end-to-end application security monitoring platform — recently launched from stealth with $20 million in funding.

Modern Application And Access Networking Company NS1 Closes $40 Million

By Dan Anderson ● Jul 15, 2020

NS1 — a leader in modern application and access networking — announced that it has raised $40 million in Series D.

UiPath: $225 Million Funding, Over $400 Million ARR, $10.2 Billion Valuation

By Amit Chowdhry ● Jul 14, 2020

Leading Robotic Process Automation (RPA) company UiPath announced that it raised $225 million at a post-money valuation of $10.2 billion. And the company revealed it is now seeing over $400 million in ARR.

Autonomous Drone Company Skydio Raises $100 Million

By Amit Chowdhry ● Jul 14, 2020

Skydio — the leading U.S. drone manufacturer and world leader in autonomous flight technology — announced it has raised $100 million in Series C funding.

Microsoft To Spin Off Xiaoice Chatbot Into A Standalone Company

By Annie Baker ● Jul 14, 2020

Microsoft recently announced that it is spinning off its Xiaoice (also known as Xiaobing) chatbot for Chinese users into a standalone company.

Qualcomm Invests About $97 Million In Jio Platforms

By Amit Chowdhry ● Jul 14, 2020

Qualcomm recently announced that it invested about $97 million in Jio Platforms in exchange for a 0.15% stake in the company.

DCM Closes $880 Million For New Funds

By Amit Chowdhry ● Jul 14, 2020

DCM — an early-stage global venture capital firm — announced that it has closed its largest family of funds to date at a total of $880 million.

Meeting Productivity Platform Docket Raises $1.25 Million

By Dan Anderson ● Jul 14, 2020

Docket — a software-as-a-service (SaaS) productivity platform for managing effective meetings — announced that it has raised $1.25 million in funding.

Rethink Impact Closes $182 Million Fund II To Invest In Female-Led Tech Companies

By Amit Chowdhry ● Jul 13, 2020

Rethink Impact — the largest impact venture firm in the U.S. dedicated to investing in female tech entrepreneurs — announced recently that it closed the new $182 million Fund II.

Sony Makes $250 Million Strategic Investment In ‘Fortnite’ Developer Epic Games

By Amit Chowdhry ● Jul 13, 2020

Sony recently announced that it is investing $250 million in Fortnite developer Epic Games as part of a strategic deal.

Butler Hospitality: $15 Million Funding And $85 Million Valuation

By Annie Baker ● Jul 13, 2020

Butler Hospitality — the first ghost kitchen for the hospitality industry — announced that it has raised $15 million in Series A funding at a valuation of $85 million.

MariaDB Raises $25 Million For Scaling SkySQL Operations

By Annie Baker ● Jul 12, 2020

MariaDB Corporation announced that it raised a $25 million funding round to support the company goals to expand the reach and development of its cloud database called MariaDB SkySQL.

Why Accenture Is Investing In Synadia (ACN)

By Noah Long ● Jul 12, 2020

Accenture Plc (NYSE: ACN) announced that it has made a strategic investment in Synadia Communications through Accenture Ventures.

Multi-Cloud Log Management Company LogDNA Closes $25 Million Series C Funding

By Dan Anderson ● Jul 12, 2020

LogDNA — the leading log management solution for DevOps teams — announced that it has closed a $25 million Series C round of funding.

Rivian Raises Massive $2.5 Billion Funding Round

By Amit Chowdhry ● Jul 11, 2020

Electric vehicle company Rivian announced it has closed $2.5 billion in funding led by funds and accounts advised by T. Rowe Price Associates.

Rocket Companies (Quicken Loans) IPO: All The Details You Need To Know

By Amit Chowdhry ● Jul 11, 2020

Rocket Companies (Quicken Loans), the largest mortgage lender in the U.S., announced it is preparing to go public soon. These are the details about the upcoming IPO.

Why Slack Technologies Inc (WORK) Is Buying Rimeto

By Amit Chowdhry ● Jul 10, 2020

Slack Technologies Inc (NYSE: WORK) recently announced that it is buying a business directory software company called Rimeto. These are the terms of the deal.

Paylocity Holding (PCTY) Rolls Out New Product Features

By Dan Anderson ● Jul 10, 2020

Paylocity Holding Corp (NASDAQ: PCTY) — a leading provider of cloud-based HR and payroll software solutions — announced it launched new COVID-19 Return to Work products.

Blockchain Analysis Company Chainalysis Raises $13 Million

By Annie Baker ● Jul 9, 2020

Blockchain analysis company Chainalysis announced that it has raised $13 million in funding to expand its Series B round to $49 million.

Magic Leap Names Peggy Johnson As Chief Executive Officer, Effective August 1

By Amit Chowdhry ● Jul 9, 2020

Magic Leap announced that it has appointed Peggy Johnson as the company’s new Chief Executive Officer, effective August 1, 2020.

Cloud-To-Cloud Business Continuity Platform OwnBackup Raises $50 Million

By Noah Long ● Jul 9, 2020

OwnBackup — a leading cloud-to-cloud business continuity platform — announced $50 million in new funding.

Rev.com Names Wade Burgess As Chief Revenue Officer

By Amit Chowdhry ● Jul 9, 2020

Rev.com has announced that it has named Wade Burgess as Chief Revenue Officer of the company.

AISIN Group Invests In StradVision Through Corporate VC Fund Managed By Pegasus Tech Ventures

By Dan Anderson ● Jul 8, 2020

StradVision — an innovator in vision processing technology for Autonomous Vehicles and advance driver assistance — announced a strategic investment from Pegasus Tech Ventures.

Itochu Corp (ITOCY) Bidding $5.4 Billion In Deal For Japan-Based FamilyMart (FYRTY)

By Noah Long ● Jul 8, 2020

Itochu Corp (OTCMKTS: ITOCY) announced that it is planning to take full control of convenience store chain FamilyMart Co. (OTCMKTS: FYRTY) through a tender offer valued at about 580.9 billion yen ($5.4 billion).

Qualcomm Reveals Details About Snapdragon 865 Plus 5G Mobile Platform (QCOM)

By Dan Anderson ● Jul 8, 2020

Qualcomm, Inc. (NASDAQ: QCOM) has revealed the details about the Qualcomm Snapdragon 865 Plus 5G Mobile Platform.

Zoom Video Communications (ZM) And ServiceNow (NOW) Sign Major Partnership

By Amit Chowdhry ● Jul 8, 2020

Zoom Video Communications, Inc. (NASDAQ: ZM) and ServiceNow Inc (NYSE: NOW) have announced a major partnership in the form of a commitment to each other’s technology solutions.

SecurityScorecard And Craft Sign Partnership To Protect Customer Supply Chains

By Annie Baker ● Jul 8, 2020

SecurityScorecard — the global leader in security ratings founded in 2013 by security and risk experts Dr. Aleksandr Yampolskiy and Sam Kassoumeh — announced that it has signed a partnership with Craft.