The Alphabet and Dell-backed cloud security software provider saw its stock more than double on the first day of trading and now has a market cap of almost $3.9bn.
Author: Robert Lavine
Alibaba lays down another $2bn for Lazada
Alibaba has doubled its investment in the Southeast Asian online marketplace, having accumulated an 83% stake as of June last year.
Starcity attracts $16.5m
The communal living space provider, which counts Lowe’s Ventures and Comcast Catalyst Fund among its early investors, has raised series A capital from backers including Raiffeisen.
Corporate venturing deal net: 12-16 March 2018
MDI Ventures, the corporate venturing arm of telecommunications group Telkom, has led a $10m round for Australia-based communications technology developer Whispir, E27 reported on Monday. Telstra Ventures and NSI Ventures, respective subsidiaries of telecoms firm Telstra and private equity firm Northstar, also took part in the round, which followed an $8.9m round in 2016 featuring… Continue reading Corporate venturing deal net: 12-16 March 2018
Palo Alto Networks pays $300m to secure Evident.io
Cloud security software developer Evident.io, which had raised about $49m from investors including GV, has agreed to an acquisition by Palo Alto Networks for $300m in cash.
BioCatch takes hold of $30m
CreditEase and American Express Ventures participated in a round that took the total raised by the fraud and cyber threat detection platform to $47m.
Gousto takes delivery of new funding
The Unilever-backed meal-kit delivery service has received $39.8m from Hargreave Hale, Angel CoFund, MMC Ventures and BGF Ventures to more than double its total funding.
Baidu cooks up $160m for Coocaa
A Baidu subsidiary will take an 11% stake in Skyworth’s smart TV spinout, which also counts Tencent and iQiyi as backers, after buying primary and secondary shares.
Magna comes louder in $200m Lyft deal
On-demand ride service Lyft has received $200m from automotive systems maker Magna International at an $11.7bn valuation as part of an autonomous driving partnership.
Walmart weighs up $7bn Flipkart investment
Talks between the companies are reportedly at a critical stage and could involve Walmart buying shares from corporate investor SoftBank at a $20bn valuation.
Eight rests $14m in its account
Khosla Ventures has led the Comcast-backed smart mattress producer’s series B round, increasing its overall funding to $27m.
Luminate lights its way from stealth with $14m
Enterprise security technology developer Luminate Security has received $14m across two rounds from investors including Microsoft ScaleUp.
Taodata taps Fosun to lead latest round
Fosun has led financial data technology startup Taodata’s latest round, in which it raised $15.8m, as part of a big data and AI investment strategy.
Qu Toutiao reports nine-figure funding round
The personalised news aggregator has raised more than $100m in a Tencent-led round that could reportedly precede an initial public offering.