Enterprise

Collaborative Knowledge Platform Guru Raises $30 Million

By Annie Baker ● Apr 21, 2020

Philadelphia-based Guru announced it has raised $30 million in Series C funding led by Accel.

Walmart Selling Vudu To Fandango

By Annie Baker ● Apr 21, 2020

Retail giant Walmart announced it is selling on-demand streaming service Vudu to Fandango.

Wayfair Names Jim Miller As Chief Technology Officer

By Noah Long ● Apr 21, 2020

Home goods e-commerce company Wayfair Inc (NYSE: W) announced it named Jim Miller as Chief Technology Officer, making permanent a role he has held on an interim basis since August 2019.

Small Business Resources Service Ureeka Raises $8.6 Million

By Amit Chowdhry ● Apr 21, 2020

Ureeka, a community and platform that connects Next Wave Entrepreneurs to the human, financial, and technological capital, announced it has raised $8.6 million in funding.

Francisco Partners Planning To Raise $8 Billion Across Two Funds

By Amit Chowdhry ● Apr 20, 2020

Private equity firm Francisco Partners is planning to raise $8 billion across two funds: Francisco Partners Agility II, L.P. ($1.35 billion) and Francisco Partners VI, L.P. ($6.6 billion).

Report: Apollo Preparing Rackspace IPO At A Value Of Over $10 Billion

By Amit Chowdhry ● Apr 20, 2020

Apollo Global Management has reportedly registered Rackspace for an initial public offering (IPO), which would value the cloud services company at over $10 billion.

5G Network Deployment Company Movandi Raises $27 Million

By Annie Baker ● Apr 20, 2020

Movandi — a leader in new 5G Millimeter Wave (mmWave) networks — announced it has raised $27 million in Series C funding round.

Arbour Lane Capital Closes Second Fund At $1.2 Billion Hard Cap

By Dan Anderson ● Apr 20, 2020

Arbour Lane Capital Management, a private registered investment adviser focused primarily on opportunistic credit and special situation investments, announced it closed a second fund on its $1.2 billion hard cap.

Why Accenture Is Buying Gekko

By Amit Chowdhry ● Apr 20, 2020

Accenture Plc (NYSE: ACN) recently announced it is buying Gekko, a leading France-based Amazon Web Services (AWS) cloud services company.

Updata Partners Closes $308 Million Software Growth Equity Fund

By Amit Chowdhry ● Apr 20, 2020

Updata Partners announced the final closing of Updata Partners VI, L.P. with aggregate capital commitments totaling over $308 million.

Alibaba Is Investing $28 Billion In Cloud Services

By Annie Baker ● Apr 20, 2020

Alibaba Group Holding (NYSE:BABA) said it is going to invest 200 billion yuan ($28 billion) in its cloud infrastructure over three years.

Microsoft And UNICEF Launch Global Learning Platform For Addressing COVID-19 Crisis

By Amit Chowdhry ● Apr 20, 2020

Microsoft Corporation (NASDAQ: MSFT) and UNICEF have announced the expansion of a global learning platform to help children and youth affected by COVID-19 continue their education at home.

Walmart Is Hiring 50,000 More Workers

By Amit Chowdhry ● Apr 18, 2020

Walmart Inc (NYSE: WMT) announced it will be hiring 50,000 more workers across its retail stores, clubs, and distribution stores.

Stripe Raises $600 Million To Expand, Hire More Talent, And Pursue Acquisitions

By Amit Chowdhry ● Apr 17, 2020

Stripe, the company known for building one of the largest economic infrastructures for the internet, announced that it raised an additional $600 million as an extension of its Series G round.

Cloud Infrastructure Security Company Bridgecrew Raises $18 Million

By Noah Long ● Apr 17, 2020

Bridgecrew, a company known for making it easier to deploy cloud security, announced it raised $14 million in Series A funding.

Report: Robinhood Looking To Raise $250 Million At An $8 Billion Valuation

By Amit Chowdhry ● Apr 17, 2020

No-free stock trading app company Robinhood is reportedly planning to raise $250 million at an $8 billion valuation.

VAST Data: $100 Million Funding And $1.2 Billion Valuation

By Noah Long ● Apr 17, 2020

Storage company VAST Data announced it raised $100 million in Series C funding led by Next47 at a valuation of $1.2 billion.

Intelligent Payroll Platform Company Everee Raises $10 Million

By Dan Anderson ● Apr 17, 2020

Intelligent payroll platform company Everee has announced that it has raised $10 million in Series A funding.

Autonomous Business Monitoring Company Anodot Raises $35 Million

By Dan Anderson ● Apr 17, 2020

Autonomous business monitoring company Anodot announced that it has raised $35 million in Series C funding.

Dynamic Custom Indexing Company OpenInvest Raises $10.5 Million

By Noah Long ● Apr 16, 2020

OpenInvest, a tech-enabled asset manager that provides customization, direct indexing, and ESG investing at scale, announced it raised $10.5 million.

Lucid: $52 Million Funding And $100 Million In Annual Recurring Revenue

By Amit Chowdhry ● Apr 16, 2020

Lucid, the creators of Lucidchart and Lucidpress, has just announced some major milestones including $52 million in funding and $100 million in annual recurring revenue.

Why Verizon Is Buying BlueJeans Network

By Amit Chowdhry ● Apr 16, 2020

Verizon Business recently announced it entered a definitive agreement to buy BlueJeans Network. These are the details.

Leading Breach-And-Attack Simulation Company SafeBreach Raises $19 Million

By Amit Chowdhry ● Apr 16, 2020

SafeBreach -- a provider of the leading breach-and-attack simulation (BAS) platform to validate security controls, visualize security risk and prioritize remediations -- announced it has raised $19 million in Series C funding.

OUTFRONT Media Secures $400 Million Convertible Preferred Equity Investment

By Amit Chowdhry ● Apr 16, 2020

OUTFRONT Media Inc. (NYSE: OUT) has announced that affiliates of Providence Equity Partners LLC have agreed to lead the purchase of $400 million in newly issued convertible preferred stock together with funds managed by Ares Management Corporation.

Mayfield Fund Announces $750 Million Raised Across Two Funds

By Amit Chowdhry ● Apr 16, 2020

Mayfield Fund has announced it raised $750 million across two new funds: Mayfield XVI ($475 million) and Mayfield Select II ($275 million).

How Microsoft And GE Are Helping Medical Professionals Monitor COVID-19 Patients Remotely

By Dan Anderson ● Apr 16, 2020

Microsoft (NASDAQ:MSFT) and GE Healthcare are partnering to launch a cloud-based software platform.

Global Payments Company Airwallex Raises $160 Million

By Amit Chowdhry ● Apr 16, 2020

Airwallex, a company that enables the ability to send and receive foreign currency payments, announced it has raised a $160 million Series D.

Behavioral Biometrics Company BioCatch Raises $145 Million Led By Bain Capital

By Annie Baker ● Apr 16, 2020

Behavioral biometrics leader BioCatch announced it raised $145 million in Series C funding led by Bain Capital Tech Opportunities.

Away Development Environment Company Coder Secures $30 Million

By Dan Anderson ● Apr 16, 2020

Away development environment company Coder announced it raised $30 million in Series B funding led by GGV Capital.

Mobile Messaging Company Attentive Raises $40 Million

By Amit Chowdhry ● Apr 16, 2020

Mobile messaging company Attentive has raised $40 million in funding. This brings the total Series C funding to $110 million.