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Category: Fundings & Exits

Swim.ai raises $11M to bring real-time analytics to the edge

opengraph default 150x150 - Swim.ai raises $11M to bring real-time analytics to the edge

Once upon a time, it looked like cloud-based serviced would become the central hub for analyzing all IoT data. But it didn’t quite turn out that way because most IoT solutions simply generate too much data to do this effectively and the round-trip to the data center doesn’t work for applications that have to react […]

Glovo gets $134M to beef up its on-demand delivery business

Glovo picture - Glovo gets $134M to beef up its on-demand delivery business

Spanish startup Glovo, whose platform lets app users summon a gig economy worker to shop on their behalf, be it for a takeaway burger or a multi-bag supermarket shop, has bagged a €115 million (~$134M) Series C round of funding. The lead investors are Rakuten, Seaya and Cathay, which had also invested in its Series […]

Ultimate Software is acquiring PeopleDoc for $300 million

rawpixel 665368 unsplash - Ultimate Software is acquiring PeopleDoc for $300 million

Public company Ultimate Software is acquiring French startup PeopleDoc for $300 million in cash and stock. The transaction is expected to close in the third quarter of 2018. These two companies both make HR solutions. Ultimate Software has been around for a while. It went public in 1998 and switched to a software-as-a-service solution in […]

Certify acquires real-time expense management startup and YC alum Abacus

GettyImages 480908934 - Certify acquires real-time expense management startup and YC alum Abacus

Expense management software provider Certify is beefing up its artillery against rival Concur with the acquisition of Abacus, which enables companies to deal with expenses in real time. The deal’s financial terms were not disclosed. The addition of Abacus will help Certify, which includes other expense management solutions like Nexonia and ExpenseWatch under one umbrella, […]

Travel giant Booking invests $500M in Chinese ride-hailing firm Didi Chuxing

gettyimages 533645964 150x150 - Travel giant Booking invests $500M in Chinese ride-hailing firm Didi Chuxing

Didi Chuxing, China’s largest ride-hailing company, has pulled in some strategic capital after Booking Holdings invested $500 million into its business. The deal will see Booking Holdings — which was formerly known as Priceline — work closely with Didi to offer its on-demand car services through its Booking.com apps via an integration. Likewise, Didi customers […]

Fastly raises another $40 million before an IPO

IMG 4610 - Fastly raises another $40 million before an IPO

Last round before the IPO. That’s how Fastly frames its new $40 million Series F round. It means that the company has raised $219 million over the past few years. The funding round was led by Deutsche Telekom Capital Partners with participation from Sozo Ventures, Swisscom Ventures, and existing investors. Fastly operates a content delivery […]

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