Enterprise

SMS Marketing Company Postscript Raises $4.5 Million In Funding

By Amit Chowdhry ● Dec 5, 2019

SMS marketing company Postscript announced it raised $4.5 million in a seed round of funding.

Expedia Group CEO Mark Okerstrom And CFO Alan Pickerill Resigning

By Amit Chowdhry ● Dec 4, 2019

Expedia Group announced the resignation of Mark Okerstrom as CEO and CFO Alan Pickerill, effective immediately.

Viacom And CBS Officially Merge To Create ViacomCBS

By Amit Chowdhry ● Dec 4, 2019

Viacom and CBS have officially merged as part of their all-stock deal -- which has been three years in the making.

Why Sprinklr Is Buying Nanigans’ Social Advertising Business

By Noah Long ● Dec 4, 2019

Sprinklr, a Unified Front Office for Modern Channels, announced it is buying Nanigans’ social advertising business. These are the details.

Sprout Social And Bill.com Set IPO Price Ranges

By Amit Chowdhry ● Dec 4, 2019

Technology companies Sprout Social and Bill.com have set the price ranges of their IPOs. Both companies set the price ranges between $16 and $18 per share.

Cloud Data Protection Druva Surpasses $100 Million In Annual Recurring Revenue

By Dan Anderson ● Dec 4, 2019

Leading Cloud Data Protection and Management company Druva announced it surpassed $100 million in annual recurring revenue.

Bloomberg Is Launching A Brand Called QuickTake By Merging Social And Digital Video Teams

By Dan Anderson ● Dec 4, 2019

Bloomberg Media is merging its social video news and digital video news platforms to launch a brand called 'QuickTake by Bloomberg.'

Canada Based Venture Firm Portag3 Raises C$427 Million For Second Fund

By Annie Baker ● Dec 4, 2019

Canadian venture capital firm Portag3 Ventures announced it closed a second fund at $427 million CAD. These are the details about the new fund.

Laurie Segall And Derek Dodge Launch A Content Studio Called Dot Dot Dot

By Amit Chowdhry ● Dec 4, 2019

Laurie Segall and Derek Dodge have launched a new production company called Dot Dot Dot, which already launched its first podcast called "First Contact."

Diversity-Driven Venture Firm Harlem Capital Raises $40 Million

By Amit Chowdhry ● Dec 4, 2019

Diversity-focused venture firm Harlem Capital announced it has set up a $40 million debut fund to invest in companies at the seed and Series A rounds.

Bart Grenier Becomes Head Of $3 Trillion Fidelity Asset Management Division

By Amit Chowdhry ● Dec 4, 2019

Fidelity Investments announced it named Bart Grenier as the head of its asset management division, which controls nearly $3 trillion in assets.

Rapyd: $20 Million In Funding And $1.2 Billion Valuation

By Dan Anderson ● Dec 4, 2019

London-based Rapyd announced that it has raised $20 million in funding at a $1.2 billion valuation, provided by Durable Capital Partners.

Why Uberflip Is Buying SnapApp

By Dan Anderson ● Dec 4, 2019

Leading cloud-based content experience platform Uberflip announced it is buying SnapApp. These are the details about the deal.

Sales Enablement Platform Highspot Raises $75 Million

By Dan Anderson ● Dec 4, 2019

Sales enablement platform company Highspot announced it raised $75 million in D-1 funding.

Accel Partners Sets Up $550 Million Fund For India Investments

By Amit Chowdhry ● Dec 4, 2019

Accel Partners has set up a $550 million sixth venture fund for investments in India.

Omar Hamoui Joins Mucker Capital As A General Partner

By Amit Chowdhry ● Dec 4, 2019

Mucker Capital has hired Omar Hamoui as a general partner to focus on post-seed and Series A rounds.

Sundar Pichai Promoted To Alphabet CEO As Larry Page And Sergey Brin Step Back

By Amit Chowdhry ● Dec 3, 2019

Alphabet founders Larry Page and Sergey Brin are stepping down as CEO and president. And Google CEO Sundar Pichai is getting promoted to CEO of Alphabet.

Figure Technologies Plans To Raise Over $100 Million

By Dan Anderson ● Dec 3, 2019

Figure Technologies is going to be raising over $100 million more, according to an SEC filing spotted by TechCrunch.

Bridgewater Associates Co-CEO Eileen Murray Stepping Down At The End Of Q1 2020

By Amit Chowdhry ● Dec 3, 2019

Bridgewater Associates announced that co-CEO Eileen Murray will be leaving the company as of the end of Q1 2020.

Amazon: $250,000 Outpost Rack Servers, Quantum Computing Service, AWS SageMaker Autopilot

By Amit Chowdhry ● Dec 3, 2019

At AWS re:Invent in Las Vegas, Amazon announced the new $250,000 Outpost server racks, the new AWS AutoPilot, and a quantum computing service.

Tim Cook: Apple Has Raised Over $220 Million To Combat AIDS

By Dan Anderson ● Dec 3, 2019

Apple CEO Tim Cook announced that the company has raised over $220 million to combat AIDS.

Warren Buffett Bid $5 Billion For Tech Data Before Apollo Won The Deal

By Amit Chowdhry ● Dec 3, 2019

In an interview with The Wall Street Journal, Berkshire Hathaway chairman and CEO Warren Buffett said that he offered $5 billion for Tech Data before Apollo won the deal.

Ray Dalio Interviewed By Reid Hoffman: Find The Smartest People Who Disagree With You

By Amit Chowdhry ● Dec 2, 2019

Bridgewater Associates co-chief investment officer & co-chairman Ray Dalio was recently interviewed by Reid Hoffman. Here are some insights from their talk.

Storm Ventures Raises $130.4 Million For Sixth Fund

By Noah Long ● Dec 2, 2019

Menlo Park, California-based Storm Ventures announced it raised $130.4 million for its sixth fund, according to an SEC filing.

Black Friday Shoppers Have Spent $7.4 Billion In Online Sales

By Annie Baker ● Dec 2, 2019

Consumers have spent $7.4 billion in online spending over Black Friday, according to estimates from Adobe Analytics.

Silver Lake Names Egon Durban And Greg Mondre As First Co-CEOs

By Amit Chowdhry ● Dec 2, 2019

Private equity company Silver Lake announced it named managing directors Egon Durban and Greg Mondre as co-CEOs.

Morgan Stanley Investment Management Names Jill Wight As Managing Director

By Amit Chowdhry ● Dec 2, 2019

Morgan Stanley announced that it named Jill Wight as a managing director for Morgan Stanley Investment Management’s (MSIM) middle-market private equity investment team.

Forbes Media Has Acquired A Majority Stake In Quantalytics AI Labs

By Amit Chowdhry ● Dec 2, 2019

Forbes Media has acquired a majority stake in Quantalytics AI Labs (formerly known as Quantamize). These are the details.

SAR Raises $1 Million In Funding And Hires More Executives

By Dan Anderson ● Dec 2, 2019

Securities class action (SCA) data analytics software company SAR LLC announced it raised $1 million in seed capital.

Graham Partners Raises $645 Million For Fifth Fund

By Amit Chowdhry ● Dec 2, 2019

Newton Square, Pennsylvania-based venture firm Graham Partners announced it has raised $645 million for its fifth fund.