Archives

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.

Spike: This App Makes Email, Video Conferencing, And Collaboration Easier

By Amit Chowdhry ● Apr 20, 2020

Here is a review of Spike, an app that makes email, video conferencing, and collaboration easier.

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.

IRS Clarifies ‘Payment Status Not Available’ For Stimulus Check (Updated)

By Amit Chowdhry ● Apr 20, 2020

The IRS has updated its Get My Payment app with clarification about the "payment status not available" message.

Clinical Trial Machine Learning Company Unlearn.AI Raises $12 Million

By Noah Long ● Apr 20, 2020

Unlearn.AI — the developer of the first machine-learning platform that creates Digital Twins used to populate Intelligent Control Arms in clinical studies — has announced that it has closed a $12 million Series A.

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.

Novartis And US Drug Regulators Agree To A Malaria Drug Trial

By Amit Chowdhry ● Apr 20, 2020

Novartis AG (NYSE:NVS) has received clearance from the U.S. Food and Drug Administration to launch a randomized trial of malaria drug hydroxychloroquine against COVID-19.

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.

Supply Chain Data Platform Parsyl Raises $15 Million

By Dan Anderson ● Apr 20, 2020

Supply chain data platform company Parsyl announced it has raised $15 million and the launch of ColdCover by Parsyl Insurance.

Rt.Live: This Service Tracks How Fast COVID-19 Is Spreading

By Amit Chowdhry ● Apr 19, 2020

Rt.Live is a website built by Instagram founders Kevin Systrom and Mike Krieger, which tracks how fast COVID-19 is spreading.

Google Launches New Tool To Help Find Nearest COVID-19 Testing Facility

By Dan Anderson ● Apr 19, 2020

Google has launched a new tool that helps people find the nearest COVID-19 testing facility.

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.

Facebook Is Launching A ‘Care’ Reaction

By Annie Baker ● Apr 18, 2020

Esports Organization FaZe Clan Raises $40 MIllion

By Amit Chowdhry ● Apr 18, 2020

FaZe Clan — one of the most followed gaming organizations — announced it has raised $40 million in Series A funding.

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.

Facebook To Warn Users About False COVID-19 Information

By Amit Chowdhry ● Apr 17, 2020

Facebook said that it will start notifying users who have engaged with false information about COVID-19.

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.

Advanced-Surface Modifications Company Nelumbo Raises $14 Million

By Dan Anderson ● Apr 16, 2020

Nelumbo -- a pioneer in the field of advanced-surface modifications -- announced that it raised $14 million in a new round of funding as part of a Series-A expansion.