Voodoo, a French mobile apps and games publisher, has acquired BeReal for €500 million.
As part of the acquisition, BeReal co-founder and CEO Alexis Barreyat will leave the company after a transition period.
Aymeric Roffé, the CEO of Wizz, one of Voodoo’s social media apps, will take over as CEO of BeReal.
On BeReal, users receive a push notification each day prompting them to post they’re up within a two-minute window.
“Voodoo has a proven track record of driving significant growth in mobile apps,” said BeReal founder Alexis Barreyat, in the press release.
Noname Security, a cybersecurity startup that protects APIs, is in advanced talks with Akamai Technologies to sell itself for $500 million, according to a person familiar with the deal.
Noname was co-founded in 2020 by Oz Galan and Shay Levi and is headquartered in Palo Alto but has Israeli roots.
The startup raised $220 million from venture investors and was last valued at $1 billion in December 2021 when it raised $135 million in a Series C led by Georgian and Lightspeed.
While the sale price is a significant discount from that valuation, the deal as it currently stands would be for cash, the person said.
In February, Israeli news outlet Calcalist reported that Noname was in negotiations with several potential buyers, including Akamai.
DCVC wanted to raise $500M for its first climate fund, but the market had other plansDCVC’s target for its first climate-focused fund, DCVC Climate Select, has been all over the place and highlights the roller coaster venture fundraising conditions of the last few years, and how LPs aren’t as quick to back new strategies from established managers.
The Silicon Valley VC firm launched the fund in December 2022 with a $500 million target, according to a SEC filing.
This climate fund is targeting climate startups at the mid-stages where the firm thinks the climate startup ecosystem is currently underfunded, according to materials from a recent New Mexico State Investment Council meeting where the GP presented.
Tiger Global’s latest fund raised $2.2 billion of its $6 billion target.
In the first half of 2023, firms including Founders Fund, Insight Partners and TCV all slashed their fund targets.
Paramount Global has reached a binding agreement to sell its stake in Reliance-controlled Indian media house Viacom18 to Reliance for $517 million, both companies said Wednesday.
The deal will increase Reliance’s stake in Viacom18, which operates dozens of TV channels as well as streaming service JioCinema, to 70.49%, Reliance said in its disclosure.
Law firm JSA Associates said late last month that it was advising the two firms for the deal.
The move follows Disney announcing plans to merge its India business with Viacom18 late last month.
Viacom18 also counts Bodhi Tree, an investment firm run by James Murdoch and Uday Shankar, among its backers.
On Tuesday, the HR startup announced it is acquiring African-based payroll and HR software and services company PaySpace in a deal that marks its largest acquisition to date.
Financial terms of the PaySpace acquisition were not disclosed.
Separately, San Francisco-based Deel also revealed Tuesday that it has crossed $500 million in annual recurring revenue (ARR), organically, outside of this acquisition.
With the various buys, Deel claims that it now owns the full HR stack — entities, local teams (legal, HR payroll), and local payroll engines — across six continents.
Theirs is one of the best technologies we’ve ever seen … We had to do a lot of convincing.”In a written statement, PaySpace Director Clyde van Wyk said: “Like PaySpace, Deel strives to evolve its offering through disruption.
At the time, it looked like it would be more than $50 million; in the end it ended up a little lower.
This latest round brings the total raised by the company, which was founded about four years ago, to $64 million.
Photoroom plans to use the funding to hire more people and to continue investing in its R&D and infrastructure.
Other features it offers includes AI-generated backgrounds, scene expansions, AI-generated images, and a plethora of image editing tools.
“Photoroom’s generative AI capabilities are unparalleled, and we have no doubt that they will continue to lead the way in this rapidly evolving landscape.”
Musk said last year that Tesla plans to spend “well over $1 billion” on Dojo.
Bringing the Dojo project to Buffalo is the latest shift in Tesla’s priorities for the location, which has turned into something of a boondoggle for New York state.
“We are scaling it up, and we have plans for Dojo 1.5, Dojo 2, Dojo 3, and whatnot.
“The governor is correct that this is a Dojo Supercomputer, but $500M, while obviously a large sum of money, is only equivalent to a 10k H100 system from Nvidia,” Musk wrote in the post on X.
“Tesla will spend more than that on Nvidia hardware this year.
In light of Spotify’s recent successes and continued expansion, its leadership position as the world’s leading music streaming platform is unsurprising. With over 50 million monthly active users (MAUs) increase…
The Singapore government is working on a plan to make cryptocurrency payments mainstream by introducing blockchain technology into the country’s financial system. The goal is to bring about widespread adoption…
The automotive industry is starting to show some signs of recovery after a big contraction during the Covid-19 pandemic. Carmakers planning for the next five years are looking at what…
