Enterprise

Coastal Cloud Secures Funding From Sverica And Salesforce Ventures

By Dan Anderson ● Jun 7, 2020

Coastal Cloud LLC recently announced that it raised a strategic round of funding from Sverica Capital Management LP and Salesforce Ventures.

WeWork Co-Founder Miguel McKelvey To Step Down At The End Of June

By Noah Long ● Jun 6, 2020

WeWork co-founder and chief culture officer Miguel McKelvey announced he will be stepping down from the office-sharing startup at the end of the month

Autonomous Mobile Robot Company OTTO Motors Closes $29 Million In Funding

By Annie Baker ● Jun 5, 2020

OTTO Motors, a division of Clearpath Robotics, announced it has raised $29 million in Series C funding.

Why VMware (VMW) Is Buying Lastline

By Amit Chowdhry ● Jun 5, 2020

Tom Gillis, SVP & General Manager at VMware, Inc. (NYSE: VMW), announced that the company is intending to buy Lastline. These are the details.

Amazon Signs New Partnership With Slack

By Annie Baker ● Jun 5, 2020

Productivity software company Slack Technologies Inc (NYSE: WORK) recently announced it signed a new deal with online retail giant Amazon.com, Inc. (NASDAQ: AMZN)

Doug McMillon: Walmart (WMT) Pledges $100 Million For Addressing Systematic Racism

By Dan Anderson ● Jun 5, 2020

Walmart Inc (NYSE: WMT) CEO Doug McMillon sent an email to employees to condemn the death of George Floyd and announce a commitment to addressing systematic racism.

Jio Platforms: $1.2 Billion From Mubadala Investment And $602 Million From Consortium Led By Silver Lake

By Noah Long ● Jun 5, 2020

Jio Platforms has received a ₹9,000 crore investment ($1.2 billion) from Abu Dhabi-based Mubadala Investment and 45.5 billion rupees ($602 million) from a consortium led by Silver Lake. These are the details.

Mercato Partners Closes $90 Million Savory Fund I

By Dan Anderson ● Jun 5, 2020

Mercato Partners has announced a new inaugural food and beverage fund called Savory Fund I with $90 million in capital.

Conversational Search Technology Company Searchable.ai Raises $4 Million

By Dan Anderson ● Jun 5, 2020

Searchable.ai — the creators of a new class of "Conversational Search" technology — announced that it raised $4 million in additional seed funding led by Susquehanna International Group and Omicron Media.

Cloud Communications Company Cloud9 Raises $17.5 Million Led By UBS

By Dan Anderson ● Jun 4, 2020

Cloud-based communications leader Cloud9 Technologies announced it has raised a $17.5 million Series B round of funding.

Francisco Partners Closes Nearly $10 Billion In Capital Commitments

By Amit Chowdhry ● Jun 4, 2020

Francisco Partners has announced that it closed about $10 billion in capital commitments across three funds.

Amazon Reportedly In Talks To Buy $2 Billion Stake In Bharti Airtel

By Amit Chowdhry ● Jun 4, 2020

Amazon.com, Inc. (NASDAQ: AMZN) is reportedly in early-stage talks to buy a $2 billion stake in Bharti Airtel Limited (NSE: BHARTIARTL).

LiveXLive Media (LIVX) Launches New Audio-Video Smart TV App

By Amit Chowdhry ● Jun 4, 2020

LiveXLive Media Inc (NASDAQ: LIVX), a global digital media company that is dedicated to music and live entertainment, announced it has released a new unified audio-video Smart TV app experience.

Email Phishing Protection Company INKY Raises $20 Million

By Amit Chowdhry ● Jun 4, 2020

INKY Technology Corporation, a pioneer in next-gen email phishing protection, announced that it has raised $20 million in Series B funding.

NGL Energy Partners LP: $250 Million Term Loan Facility Entered With Apollo Global (NGL, APO)

By Amit Chowdhry ● Jun 4, 2020

NGL Energy Partners LP (NYSE: NGL) has announced that it entered into a new $250 million term loan facility with certain funds and accounts managed by affiliates of Apollo Global.

Meritech Capital Raises $800 Million For Seventh Fund

By Amit Chowdhry ● Jun 4, 2020

Venture capital firm Meritech Capital Partners LP has raised $800 million for its seventh fund.

Delta To Extend Social Distancing Through September 30

By Dan Anderson ● Jun 4, 2020

Delta Air Lines, Inc. (NYSE: DAL) announced that it is going to extend social distancing precautions on its flights through September 30.

Palo Alto Networks (PANW) Unveils $1.75 Billion Offering Of Convertible Senior Notes Due 2025

By Amit Chowdhry ● Jun 4, 2020

Palo Alto Networks Inc (NYSE: PANW) has announced its intention to offer (subject to market conditions and other factors) $1.75 billion aggregate principal amount of convertible senior notes due 2025 in a private placement to qualified institutional buyers.