Fundings and Exits

Space tech company Satellogic has raised $27 million in a Series B round led by Chinese internet giant Tencent, and with participation by CrunchFund (disclosure: co-founded by TechCrunch founder Michael Arrington). The company also launches its sixth micro-satellite into orbit on June 15, aboard a Long March-4B rocket that took off from Jiuquan Satellite Launch
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Today, at Elastic’s customer event in London, the company announced it has acquired Opbeat, a SaaS-application performance management vendor for an undisclosed amount. All 15 employees have already joined the Elastic team. Opbeat focuses on monitoring applications written in Javascript. What’s more, it maps production application issues directly to the relevant developer source code, making
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Short-term rental management startup Pillow has raised $13.5 million in new funding, and is launching a new product to provide more transparency to apartment owners when renters make their apartments available on platforms like Airbnb. A few years ago, Pillow launched to help make renting out your apartment on Airbnb less of a hassle. That included things
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Industrial IoT startup Petasense emerged from stealth today, officially announcing $1.8 million in seed funding and a hardware/software solution designed to help industrial customers understand when equipment needs maintenance by “listening” to its vibrations. As it turns out, machines vibrate at a certain frequency when they are operating smoothly, but as parts begin to wear
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Soldo, the London-based fintech startup that offers a multi-user spending account, first launched for consumers and since tailored to businesses too, has raised $11 million in Series A funding. Venture Capital firm Accel led the round, with participation from Connect Ventures, InReach Ventures, U-Start and R204 Partners. Founded by Carlo Gualandri, who previously helped create
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Meltwater, the self-described ‘media intelligence’ company, continues on an acquisition spree. Following the purchase of Oxford Uni spinout Wrapidity in February, it has acquired Hong Kong-Based startup Klarity to enhance its social media monitoring and analytics capabilities in Asia. Terms of the deal remain undisclosed, although I understand the acquisition is a mixture of cash
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Amazon scared investors away from competing grocery stores today when it acquired Whole Foods for $13.7 billion. Wal-Mart, Target, Costco, Kroger, and more all saw their share prices sink dramatically. Amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help Whole Foods run circles around its old-fashioned rivals. As of
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In recent years, GitHub has fundamentally changed developer workflows. By centralizing code on an easily accessible platform, the company was able to rapidly change the way people code. Following in these footsteps, Israeli startup Codota wants to further optimize workflows for the often neglected developer community — this time with machine intelligence. The company is announcing
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When housing costs too much or educators have to commute from far away, there’s rapid teacher turnover that hurts students. That’s why Mark Zuckerberg and Priscilla Chan’s philanthropy vehicle is funding home down payment assistance for roughly 60 educators and support staff at three schools near Facebook’s headquarters. The $45 billion Chan Zuckerberg Initiative is
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So far, 2017 is shaping up to be a pretty good year for technology unicorns. Private investors are minting about one new unicorn a week this year, roughly the same pace as 2016. More existing unicorns are going public. And for those remaining private, capital continues to flow in while disclosed valuations are mostly holding
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NTT Data, the large Tokyo-based global IT services provider, today announced that it has made a strategic investment in database provider MarkLogic. The two companies declined to reveal the size of the investment, but Dave Ponzini, MarkLogic’s EVP of Marketing and Corporate Development, tells me it was “not a huge amount but not an insignificant amount
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