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Mux raises $37M Series C as its API-based video streaming service scales

This morning, Mux, a startup that provides API-based video streaming tooling and analytics, announced that it has closed a $37 million Series C round of capital. Andreessen Horowitz led the round, which included participation from Accel and Cobalt. Prior to this funding round, Mux most recently raised a roughly $20 million round in mid-2019. In total, the company had raised a hair under $32 million before its Series C, according to PitchBook data. The Mux round lands amidst a number of tre...
Tags: Fundings & Exits, Startups, Video, Tech, Google Analytics, Andreessen Horowitz, Amazon Web Services, TechCrunch, Accel, Zencoder, Jon Dahl, Dahl, Brightcove, Shen, Mux, A16z


Unpacking Duck Creek Technologies’ IPO and hoped-for $2.7B valuation

Tech stocks retain their highs as the second quarter’s earnings season begins to fade into the rearview mirror, and there are still a number of companies looking to go public while the times are good. It looks like a smart move, as public investors are hungry for growth-oriented shares — which is just what tech and venture-backed companies have in spades. The companies currently looking to go public are diverse. China-based real-estate giant KE Holdings — a hybrid listings company and digital tr...
Tags: Fundings & Exits, Startups, TC, China, Boston, Tech, Tesla, Software, SaaS, Initial Public Offering, Software As A Service, Exchange, Temasek, Apax Partners, Duck Creek, Market Analysis


With a renewed focus on creative skills, online learning company Skillshare raises $66M

CEO Matt Cooper said 2020 has been a year of rapid growth — even before the pandemic forced large swaths of the population to stay home and turn to online learning for entertainment and enrichment. Cooper (who became CEO in 2017) told me that the company decided last year to “focus on our strength,” leading to a “brand relaunch” in January 2020 to emphasize the richness of its creativity-themed content. At the same time, Cooper said the company defines creativity very broadly, with classes div...
Tags: Fundings & Exits, Startups, Media, Education, India, Funding, Tech, United States, Gm, Skillshare, Cooper, Victo Ngai, Bob Ross, Susan Orlean, Matt Cooper, Shantell Martin


Creators need better community tools. Circle wants to fill the gap

Entrepreneurial creators have to do a lot with limited time. They need to, well, create, but then they also need to build their marketing funnels, convert users to their paid products, and manage business operations. Yet, perhaps the most important task they face is keeping their existing fans engaged, since ultimately, that engagement ties directly to the health of their brand long-term. Social tools are abysmal on platforms like YouTube and Instagram, particularly when it comes to creators own...
Tags: Fundings & Exits, Startups, Instagram, Youtube, Funding, New York City, Tech, Silicon Valley, Gumroad, Edtech, Circle, Flynn, Yadav, Hotmart, Substack, Sahil Lavingia


Equity Monday: The TikTok saga rolls on as earnings season starts to wrap

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest big news, chats about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here, and myself here, and don’t forget to check out last Friday’s episode. This morning was a bit of a grab-bag of news...
Tags: Apple, Amazon, Fundings & Exits, Startups, TC, Microsoft, Tech, Equity, Trump, Palmetto, Equity podcast, Silverfort, Tiktok


CakeResume, which wants to become Asia’s largest tech talent pool, raises $900,000 seed round

CakeResume is a startup creating an alternative for the tech industry to job search platforms like LinkedIn. The Taipei-based company, founded in 2016, announced today that it has raised $900,000 in seed funding from Mynavi, one of the largest staffing and public relations companies in Japan. The round will be used to expand CakeResume’s operations in other countries, including Japan and India. Founder and chief executive officer Trantor Liu, who was a full-stack web developer at Codementor befo...
Tags: Google, Fundings & Exits, Startups, TC, Facebook, Asia, Japan, India, Linkedin, Tech, Tesla, Taiwan, United States, Recruitment, Taipei, South Asia


IPO mistakes, fintech results, and the Zenefits ‘mafia’

Welcome back to The TechCrunch Exchange , a weekly startups-and-markets newsletter for your weekend enjoyment. It’s broadly based on the weekday column that appears on Extra Crunch , but free. And it’s made just for you. You can sign up for the newsletter here .  With that out of the way, let’s talk money, upstart companies and the latest spicy IPO rumors.  (In time the top bit of the newsletter won’t get posted to the website, so do make sure to sign up if you want the whole th...
Tags: Fundings & Exits, Startups, TC, Texas, Ipo, Tech, Bigcommerce, Nasdaq, Rackspace, Bill Gurley, SPAC, Dan Primack, Wrike, Danny Crichton, Brent Bellm, The Exchange


Clean.io raises $5M to continue its battle against malicious adtech

Clean.io, a startup that helps digital publishers protect themselves from malicious ads, recently announced that it has raised $5 million in Series A funding. The Baltimore-based company isn’t the only organization promising to fight malvertising (such as ads that force visitors to redirect to another website). But as co-founder wrote Seth Demsey told me last year, Clean.io provides “granular control over who gets to load JavaScript.” CEO Matt Gillis told me via email this week that the challeng...
Tags: Fundings & Exits, Startups, Advertising Tech, Funding, Tech, Baltimore, Tribeca, Boston Globe, Gillis, Tribeca Venture Partners, Matt Gillis, Seth Demsey, WarnerMedia, Chip Meakem, Clean.io, Real Ventures Inner Loop Capital


As the world stays home, edtech’s Q2 venture totals rose sharply

My friend and colleague Natasha Mascarenhas has been reporting on the edtech beat quite a lot in 2020. So far reading her coverage, I’ve discovered that not only is edtech less dull than I anticipated, it’s actually somewhat interesting on a regular basis. This week, for example, India’s Byju bought WhiteHat Jr., another Indian edtech company, for $300 million. So what, you’re thinking, that’s just another startup deal? Yes, but it was an all-cash transaction, and White Hat Jr. was only 18 month...
Tags: Fundings & Exits, Startups, TC, Education, India, Tech, Edtech, Exchange, SVB, Silicon Valley Bank SVB, Market Analysis, Byju, The Exchange, Extra Crunch, Natasha Mascarenhas, Coronavirus


The rules of VC are being broken

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. As ever I was joined by TechCrunch managing editor Danny Crichton and our early-stage venture capital reporter Natasha Mascarenhas. We had Chris on the dials and a pile of news to get through, so we were pretty hype heading into the show. But before we could truly get started we had to discuss Cincinnati, and TikTok. Pleasantries and extortion out...
Tags: Apple, Fundings & Exits, Startups, Y Combinator, Etsy, India, Venture Capital, Gumroad, Equity, Edtech, Shopify, Chris, Cincinnati, Natasha, Danny Crichton, Rigetti


Go public now while software valuations make no sense

Software valuations are bonkers, which means it’s a great time to go public. Asana, Monday.com, Wrike and every other gosh darn software company that is putting it off, pay attention. Heck, even service-y Palantir could excel in this market. Let me explain. Over the past few weeks, TechCrunch has tracked the filing, first pricing, rejiggered pricing range, and, today, the first day of trading for BigCommerce, a Texas-based e-commerce company. You can think of it as a comp with Shopify to a degre...
Tags: Fundings & Exits, Startups, TC, Ecommerce, Texas, Ipo, Tech, Bigcommerce, Shopify, Initial Public Offering, Web Applications, Wrike, Market Analysis, nCino, Extra Crunch


Krisp snags $5M A round as demand grows for its voice-isolating algorithm

Krisp’s smart noise suppression tech, which silences ambient sounds and isolates your voice for calls, arrived just in time. The company got out in front of the global shift to virtual presence, turning early niche traction has into real customers and attracting a shiny new $5 million series A funding round to expand and diversify its timely offering. We first met Krisp back in 2018 when it emerged from UC Berkeley’s Skydeck accelerator. The company was an early one in the big surge of AI sta...
Tags: Fundings & Exits, Startups, TC, Audio, Funding, Tech, Artificial Intelligence, Armenia, Machine Learning, UC Berkeley, Noise Canceling, Cicero, Noise Cancellation, Recent Funding, Hive Ventures, Davit Baghdasaryan


India’s Byju’s acquires WhiteHat Jr. for $300 million

Byju’s has acquired edtech startup WhiteHat Jr. for $300 million as the Indian online learning giant looks to expand its dominant reach in the country. The all-cash deal makes 18-month-old Mumbai-headquartered WhiteHat Jr., which offers online coding classes to school-going students, the fastest exit story of this size in Indian startup ecosystem. WhiteHat Jr., which had raised about $11 million from Omidyar Network and Nexus Venture Partners, has achieved a revenue run rate of $150 million. It ...
Tags: Fundings & Exits, TC, Facebook, Asia, India, US, Tech, New Zealand, Mumbai, Blume Ventures, Osmo, Karan, Bajaj, Vedantu, Byju, Byju's


Jakarta-based Wahyoo gets $5 million Series A to help small eateries digitize their operations

Wahyoo’s team, including CEO Peter Shearer (third from left) While growing up, Peter Shearer watched his mother get up every day at 2AM or 3AM to prepare for her catering business. For many people who own small food businesses in Indonesia, “everything is handled on their own, so I really, really wanted to create a system so they can have better operations and get more quality of life,” Shearer told TechCrunch. His startup, Wahyoo, was founded in 2017 to help small eateries, called warung mak...
Tags: Food, Fundings & Exits, Startups, TC, Asia, Indonesia, Restaurants, Southeast Asia, Tech, Coca Cola, Jakarta, Shearer, SMEs, Coca Cola Amatil, Greater Jakarta, Intudo Ventures


YC-backed Statiq wants to bootstrap India’s EV charging network

Electric vehicles (EVs) are spreading throughout the world. While Tesla has drawn the most attention in the United States with its luxurious and cutting-edge cars, EVs are becoming a mainstay in markets far away from the environs of California. Take India for instance. In the local mobility market, two- and three-wheel vehicles are starting to emerge as a popular option for a rapidly expanding middle class looking for more affordable options. EV versions are popular thanks to their reduced ma...
Tags: Fundings & Exits, Startups, Y Combinator, Asia, India, Funding, Tech, Tesla, United States, Electric Vehicles, Delhi, Mumbai, New Delhi, GreenTech, Yc, Better Place


Software stocks set new records despite earnings, pandemic

You might have missed it, but amidst the current political-M&A-pandemic-election-disinformation news cycle we find ourselves in this week, SaaS and cloud companies reached new public market records. Yesterday, the Bessemer-Nasdaq cloud index closed at 2,035.54, a new record finish for the basket of software companies. And, today, the index broached the 2,040 mark before ceding some ground. The Exchange explores startups, markets and money. You can read it every morning on Extra Crunch, or get T...
Tags: Fundings & Exits, Startups, TC, Cloud, Tech, SaaS, Redpoint, Jason Lemkin, Bessemer, Market Analysis, SaaStr, The Exchange, Extra Crunch, Bessemer Nasdaq, Mary D Onofrio, Jamin Ball


Rigetti raises $79M Series C for its quantum computing platform

Rigetti Computing, the quantum computing startup that is challenging industry heavyweights like IBM, Microsoft and D-Wave, today announced that it has closed a $79 million Series C funding round. The round was led by Bessemer Venture Partners, with participation from Franklin Templeton, Alumni Ventures Group, DCVC, EDBI, Morpheus Ventures and Northgate Capital. Bessemer’s Tomer Diari and Veritas Software’s former CEO Mark Leslie will join the company’s board of directors. Earlier this year, Tech...
Tags: Fundings & Exits, TC, Microsoft, Funding, Tech, Spokesperson, Ceo, Ibm, Quantum, Bessemer Venture Partners, Quantum Computing, Quantum Cryptography, Quantum Mechanics, IBM Microsoft, Mark Leslie, Northgate Capital


AgentSync raises $4.4M for its insurtech compliance service

Today AgentSync announced that it has closed a $4.4 million Seed round, co-led by Elad Gil and Caffeinated Capital. Other well-known names from the Silicon Valley scene took part in its funding round, including Affirm’s Max Levchin and the podcaster turned VC Harry Stebbings, among others. The round caught our eye because AgentSync is working in a space that has seen a notable wave of venture interest in 2020 — insurtech, which we’ve covered somewhat extensively — and because it shared hard r...
Tags: Fundings & Exits, Startups, TC, Tech, Zenefits, Silicon Valley, Max Levchin, Parker Conrad, David Sacks, Cto, Conrad, ARR, Sacks, Harry Stebbings, Elad Gil, Sabharwal


After Shopify’s huge quarter, BigCommerce raises its IPO price range

When BigCommerce, the Texas-based Shopify competitor, first announced an IPO price range, the numbers looked a little light. With a range of just $18 to $20 per share, it appeared that the firm was targeting a valuation of around $1.18 billion to $1.31 billion. Given that BigCommerce had revenue of “between $35.5 million and $35.8 million” in Q2 2020, up a little over 30% from the year-ago period (and better margins than Shopify) its implied revenue multiple that its IPO price range indicated...
Tags: Fundings & Exits, Startups, TC, Texas, Softbank, Tech, Bigcommerce, Shopify, Ggv Capital


Equity Monday: Could Satya and TikTok make Bytedance investors happy enough to dance?

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest big news, chats about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here, and myself here, and don’t forget to check out last Friday’s episode. As you probably expected, we had a lot to sa...
Tags: Travel, Apple, Google, Fundings & Exits, Startups, Microsoft, Satya Nadella, Goldman Sachs, Morgan Stanley, Equity, Bing, Yuri Milner, Adt, Trump, SPAC, Satya


Is the 2020 SPAC boom an echo of the 2017 ICO craze?

I wanted to write an essay about Microsoft and TikTok today, because I was effectively a full-time reporter covering the software giant when it hired Satya Nadella in 2014. But, everyone else has already done that and, frankly, there’s a more pressing financial topic for us to parse. Let’s take a minute to take stock of SPAC (special purpose acquisition companies) which have risen sharply to fresh prominence in recent months. Also known as blank-check companies, SPACS are firms that are sent pub...
Tags: Fundings & Exits, Startups, TC, Microsoft, Finance, Satya Nadella, Tech, Tesla, Automotive, Payments, Electric, SPAC, Nikola, NIO, Market Analysis, Porch.com


The Exchange: Unicorn IPOs, tech earnings and my favorite VC round from the week

The TechCrunch Exchange newsletter just launched. Soon only a partial version will hit the site, so sign up to get the full download. Welcome back to The TechCrunch Exchange , a weekly startups-and-markets newsletter for your weekend enjoyment. It’s broadly based on the daily column that appears on Extra Crunch , but free. And it’s made just for you. You can sign up for the newsletter here . With that out of the way, let’s talk money, upstart companies and the latest spicy IPO ru...
Tags: Apple, Amazon, Fundings & Exits, Startups, Facebook, China, Tech, United States, Brazil, Airbnb, WSJ, Crunchbase, Lucas Matney, Trump, Chine, Nerdwallet


Cisco acquires Modcam to make Meraki smart camera portfolio even smarter

As the Internet of Things, proliferates, security cameras are getting smarter. Today, these devices have machine learning capability that help the camera automatically identify what it’s looking at — for instance an animal or a human intruder? Today, Cisco announced that it’s acquired Swedish startup Modcam and making it part of its Meraki smart camera portfolio with the goal of incorporating Modcam computer vision technology into its portfolio. The companies did not reveal the purchase price, b...
Tags: Fundings & Exits, Startups, TC, Cloud, Enterprise, Tech, Cisco, Artificial Intelligence, M&a, Mergers and Acquisitions, Iot, Machine Learing, Exit, Meraki, Cisco Meraki, Stori


The iron rule of founder compensation is dead

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. We had the full team this week: Myself, Danny, and Natasha on the mics, with Chris running skipper as always. Sadly this week we had to kick off with a correction as I am 1. Dumb, and, 2. See point one. But after we got past SPAC nuances (shoutout David Ethridge), we had a full show of good stuff, including: Y Combinator Demo Day is going virtual...
Tags: Apple, Fundings & Exits, Startups, Facebook, Y Combinator, Podcasts, Stanford, Tech, Venture Capital, Equity, Chris, SPAC, Danny, Natasha, Ro, David Ethridge


Six leading investors assess the remote-work startup landscape

The COVID-19 pandemic has shaken up the startup world, slowing some high-growth unicorns and promoting others onto the coveted list. In the earlier-stages of startup land, the same patterns of acceleration and braking can be found. TechCrunch wanted to dig more deeply into the cohort of startups that are seeing acceleration, so we put together a list of investors who have put money to work in startups building remote-work tooling and sent them a raft of questions. We wanted to better ...
Tags: Google, Security, Fundings & Exits, Startups, TC, Future Of Work, Tech, Remote Work, Silicon Valley, Bonusly, Bessemer, Sounding Board, Robinson, Techstars London, Alexa von Tobel, Clement Cazalot


Buildots raises $16M to bring computer vision to construction management

Buildots, a Tel Aviv and London-based startup that is using computer vision to modernize the construction management industry, today announced that it has raised $16 million in total funding. This includes a $3 million seed round that was previously unreported and a $13 million Series A round, both led by TLV Partners. Other investors include Innogy Ventures, Tidhar Construction Group, Ziv Aviram ( co-founder of Mobileye & OrCam) , Magma Ventures head Zvika Limon , serial entreprene...
Tags: Fundings & Exits, Startups, Cloud, Japan, Technology, London, Enterprise, Medicine, Finance, Israel, Tel Aviv, Tech, United Kingdom, Agriculture, Cyber, Poland


Instrumental raises $20M to scale its AI-powered manufacturing tech

This morning Instrumental, a startup that uses vision-powered AI to detect manufacturing anomalies, announced that it has closed a $20 million Series B led by Canaan Partners. The company had previously raised $10.3 million across two rounds, including a $7.5 million Series A in mid-2017. According to a release, the Series B was participated in by other venture groups, including Series A investors Root Ventures, Eclipse Ventures, and First Round Capital, which also led its Seed round. Stanford S...
Tags: Apple, Fundings & Exits, Startups, TC, Stanford, China, Tech, Ai, Computer Vision, TechCrunch, Instrumental, Canaan, Canaan Partners, Hrach Simonian, Shedletsky, Anna Katrina Shedletsky


Hevo draws in $8 million Series A for its no-code data pipeline service

Hevo founders Manish Jethani and Sourabh Agarwal According to data pipeline startup Hevo, many small- to medium-sized companies juggle more than 40 different applications to manage sales, marketing, finance, customer support and other operations. All of these applications are important sources of data that can be analyzed to improve a company’s performance. That data often remains separate, however, making it difficult for different teams to collaborate. Hevo enables its clients’ employees to...
Tags: Google, Amazon, Fundings & Exits, Startups, TC, Asia, Hong Kong, Enterprise, Singapore, India, Tech, United States, TechCrunch, Bangalore, Grofers, Data Analytics


SAP decision to spin out Qualtrics 20 months after spending $8B surprises industry watchers

When SAP announced it was spinning out Qualtrics on Sunday, a company it bought less than two years ago for an eye-popping $8 billion, it was enough to make your head spin. At the time, then CEO Bill McDermott saw it as a way to bridge the company’s core operational with customer data, while acquiring a cloud company that could help generate recurring revenue for the ERP giant, and maybe give it a dose of innovation along the way. But Sunday night the company announced it was spinning out the...
Tags: Fundings & Exits, TC, Cloud, Enterprise, Drama, Tech, Customer Experience, ERP, M&a, Mergers and Acquisitions, Dell, Sap, Ryan Smith, Qualtrics, McDermott, Leary


Priti Youssef Choksi explains how to get your startup acquired — not sold

Today, Priti Youssef Choksi is a partner with venture firm Norwest Venture Partners . But she previously spent five-and-a-half years at Google, where she worked on strategic partnerships, and nearly nine years at Facebook, where she began in corporate development and later focused on M&A. Because Choksi knows firsthand how some of the biggest companies on the planet think about potential acquisition targets and how deals ultimately come together, we asked if she would share some of those in...
Tags: Google, Fundings & Exits, Startups, TC, Facebook, Instagram, Entrepreneurship, Events, Tech, Companies, M&a, Exit, Acquisitions, Acquihire, Luma, Norwest Venture Partners



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