Innovation Archives

TrueBridge Capital Partners: $600 Million Raised For Sixth Venture Capital Fund-Of-Funds

By Amit Chowdhry ● Jul 16, 2020

TrueBridge Capital Partners has announced the closing of its sixth venture capital fund-of-funds TrueBridge Capital Partners Fund VI, L.P. with $600 million in limited partner commitments.

Medly Pharmacy Closes $100 Million In Series B Funding

By Amit Chowdhry ● Jul 16, 2020

Digital pharmacy company Medly Pharmacy announced that it has raised $100 million in Series B funding co-led by Volition Capital and Greycroft.

Cloud AI Services Company Abacus.AI Raises $13 Million

By Amit Chowdhry ● Jul 16, 2020

Abacus.AI (formerly known as RealityEngines.AI) announced that it has raised $13 million in Series A funding.

SAP Launches Fieldglass External Talent Marketplace

By Annie Baker ● Jul 16, 2020

SAP SE (NYSE: SAP) has announced it launched the SAP Fieldglass External Talent Marketplace — which is a simple solution that helps organizations quickly find and hire the temporary workers.

TECSYS Surpasses $100 Million In Revenue

By Dan Anderson ● Jul 16, 2020

TECSYS Inc. (OTCMKTS: TCYSF) (TSX: TCS) — an industry-leading supply chain management software company — announced that it has jumped 37% year-over-year and posted its first $100 million-plus fiscal year revenue performance for 2020.

Active Story Management Tenovos Secures $4 Million

By Noah Long ● Jul 16, 2020

Tenovos — a company that is helping brands tell stories that matter — announced it has raised $4 million in Series A funding led by Progress Ventures.

Why Analog Devices Is Buying Maxim In A Deal Valued At Over $68 Billion

By Amit Chowdhry ● Jul 16, 2020

Analog Devices recently announced a definitive agreement under which ADI is going to acquire Maxim in an all-stock transaction at a deal valued at over $68 billion.

Oatly: $200 Million And $2 Billion Valuation

By Dan Anderson ● Jul 16, 2020

Swedish out-milk company Oatly has raised $200 million in funding led by Blackstone Growth.

Lattice: $45 Million Series D Funding And $400 Million Valuation

By Amit Chowdhry ● Jul 16, 2020

Leading people management platform Lattice announced that it has raised a $45 million Series D growth round of funding.

Amazon Deploying High-Tech Grocery Carts For Shoppers To Avoid Checkout Lines

By Amit Chowdhry ● Jul 15, 2020

Amazon announced that it is launching smart shopping carts that are able to track items as customers add them.

Walmart Leads $1.2 Billion Investment In Flipkart (WMT)

By Amit Chowdhry ● Jul 15, 2020

Walmart Inc (NYSE: WMT) is upping its stake in Flipkart by leading a $1.2 billion round for the India-based grocery e-commerce chain.

Why Hewlett Packard Enterprise (HPE) Is Buying Silver Peak

By Amit Chowdhry ● Jul 15, 2020

Hewlett Packard Enterprise (NYSE:HPE) recently announced that it has entered into a definitive agreement to buy Silver Peak. These are the details about the deal.

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.

Computational Pathology Company Paige Raises $15 Million

By Annie Baker ● Jul 15, 2020

Paige — a leader in computational pathology — announced that it raised an additional $15 million from Goldman Sachs Merchant Banking Division.

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.

Luckin Coffee (LKNCY) Replaces Charles Zhengyao Lu With Jinyi Guo

By Annie Baker ● Jul 14, 2020

Luckin Coffee Inc (OTCMKTS: LKNCY) announced that it has replaced its chairman Charles Zhengyao Lu with Jinyi Guo.

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.

Growers Edge Raises $40 Million To Help Farmers Adopt New Technologies And Increase Profits

By Noah Long ● Jul 14, 2020

Growers Edge Financial announced that it raised a $40 million Series B round of funding. These are the details.

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.

Owlet Unveils Smart Sock 3 Baby Monitor: Features And Specs

By Amit Chowdhry ● Jul 14, 2020

Owlet recently announced the Smart Sock 3 baby monitor. These are the Owlet Smart Sock 3 features you should know about.

Light Electric Vehicle Charging System Company Swiftmile Secures $5 Million

By Noah Long ● Jul 14, 2020

Swiftmile — developers of light electric vehicle (LEV) charging systems — announced that it has closed $5 million in Series A funding.

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.

Fertility Care And Testing Company Kindbody Secures $32 Million

By Annie Baker ● Jul 14, 2020

Kindbody — a rapidly growing health and technology company providing fertility, gynecology, and family-building care — announced that it has raised $32 million in Series B 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.

Healthcare Infrastructure Company Truepill Secures $25 Million

By Noah Long ● Jul 13, 2020

Truepill — a company that is driving positive patient experiences through its API-connected healthcare infrastructure — announced that it raised a $25 million Series B funding round.