Sources tell us that Lacework — a cloud security startup that was valued at $8.3 billion post-money in its last funding round — is in talks to be acquired by another security player, Wiz, for a price of just $150–$200 million.
Wiz — valued at around $10 billion — is one of them.
The company is positioning itself as a one-stop-shop for all things cloud security en route to its IPO.
Earlier this month Wiz acquired Gem Security for $350 million, and it sounds like the M&A will not end with Laceworks.
We are always exploring compelling M&A opportunities that will enhance both our technological capabilities and business expansion, as we strive to build the world’s leading cloud security platform.”
That’s privacy by design.”The funding is notable in part because Cape appeal to users is not yet proven.
The latest round is being co-led by A* and Andreessen Horowitz, with XYZ Ventures, ex/ante, Costanoa Ventures, Point72 Ventures, Forward Deployed VC, and Karman Ventures also participating.
Those jobs may exposed him to users (government departments) who treated the security of personal information and privacy around data usage as essential.
(Cape today also announced a partnership with USCellular — which itself provides a MNVO covering 12 cellular networks, and Doyle said that it’s talking with other telcos, too).
Although payments for this might be anonymous, a user’s data is still routed through the network infrastructure of the underlying carrier, making a users movements and usage observable.
Serve Robotics, the Uber and Nvidia-backed sidewalk robot delivery company, debuted publicly on the New York stock exchange Thursday, making it the latest startup to choose going public via a reverse merger as an alternative path to capital needed to fund growth.
While Serve’s debut in the public markets comes from a reverse merger and not a SPAC, the two alternate paths to IPO are not too dissimilar.
However, Serve Robotics said it’s expecting enormous growth fueled by money generated by going public.
“I never thought that I would start a robotics company and then be in the ads business,” said a tired, but excited, Kashani in a phone interview minutes before the bell rang.
Upon the closing of the merger, Uber held a 16.6% stake and Nvidia an 14.3% stake in Serve, according to regulatory filings.
If you want to get your product in a grocery store in Mexico City, Dataplor has global location intelligence to help you do that.
The company raised $2 million in 2019 to bring Latin American food delivery vendors online.
Dataplor uses artificial intelligence, machine learning, large language models and a purpose-built technology platform to take in public domain data.
While that is not totally unique — there are companies like ThoughSpot, Esri and Near doing something similar around business and location intelligence — Dataplor’s “secret sauce” is combining all of that technology and public domain data with a human factor.
The round also includes participation from Quest Venture Partners, Acronym Venture Capital, Circadian Ventures, Two Lanterns Venture Partners and APA Venture Partners.
Clay Canning had an idea while in high school: smartphone screen protectors that featured logos, right on the screen.
“In December 2022, I resigned from my job to pursue building Screen Skinz with Clay full time.”Now, Screen Skinz can officially announce the closing of a $1.5 million seed round led by South Loop Ventures and Abo Ventures.
The company produces custom, patent-pending phone screen protectors that feature personalized logos or slogans that are visible when the phone screen is black and then disappear when the phone is in use.
The latest fundraise allowed Screen Skinz to move manufacturing from Asia to the U.S., allowing it to more easily control its supply chain.
Screen Skinz next has some partnerships lined up and is focused on customer acquisition and deepening licensing relationships.
Founded in 2015, Orbex is one of a handful of firms racing to develop the next generation of European launch vehicles.
The company is developing what’s sometimes called a microlauncher: a two-stage vehicle called Prime that stands just 19 meters tall, designed to carry payloads up to 180 kilograms.
A larger vehicle could eventually be in the plans as well, though Chambers was clear that Prime was the company’s first priority.
The new capital comes after Orbex closed a £40.4 million ($50 million) Series C in October 2022.
While a spokesperson confirmed the new funding will “help Orbex ramp up the development of Prime … to ensure full readiness and scalability for its launch period,” a firm launch window has yet to be announced.
VerSe Innovation, the parent firm of Indian news aggregator app Dailyhunt, has acquired the popular digital newsstand firm Magzter, the two said Thursday.
The Bengaluru-headquartered startup has fully acquired Magzter, a New York-headquartered firm that counted Singapore Press Holdings among its backers.
Magzter has amassed over 1 million paying subscribers in India and boasts a global active user base of 87 million, Bedi said.
The firm, which offers an all-you-can-consume model with annual subscription fees ranging from $20 to $30, will find a distribution and technology partner in VerSe Innovation, he added.
The Indian firm plans to launch Dailyhunt Premium this year that will include an ad-free experience as well as Magzter’s catalog.
Spend management startup Ramp has raised another $150 million at a post-money valuation of $7.65 billion, the company confirmed to TechCrunch today.
New investor Khosla Ventures and existing backer Founders Fund co-led the raise, which also included participation from new backers Sequoia Capital, Greylock and 8VC.
Other existing investors Thrive Capital, General Catalyst, Sands Capital, D1 Capital, Lux Capital, Iconiq Capital, Definition Capital, Contrary Capital also put money into the latest round.
Apparently, there were no hard feelings on the part of Founders Fund, which still participated in the financing, even without Rabois.
(It’s worth noting that Rabois originally represented Founders Fund and has sat on Ramp’s board since 2019.)
The capital, which brings total funding raised by the startup to $6.2 million, will enable it to serve more brands.
For diverse brands in particular, there are a lot of economic hurdles that these groups face, which makes it even harder for them to access capital.
Its other offering is a labor marketplace for brands not in a position to hire full-time teams but require talent occasionally.
Its community of brands recommends the talent or manufacturer, who are listed on the marketplace after several stages of vetting.
Brands gain access to the labor marketplace, capital and other resources, upon signing up (at a cost) on the startup’s main product, the B2B marketplace and SaaS product.
We now know how much Tesla paid as it released its annual proxy statement on Wednesday morning, which includes a section on “related person transactions” the company has made.
Tesla has also paid X around $50,000 in 2023 and $30,000 through February 2024 for “commercial, consulting and support agreements.” Likewise, X paid Tesla $1 million in 2023 and around $20,000 through February 2024 for the same unspecified work.
Tesla paid Musk’s tunneling effort, The Boring Company, $200,000 in 2023 and $1 million through February 2024.
“The Committee and its counsel are aware of the media narrative regarding Musk, Tesla, and its Board,” the committee writes in the proxy.
“And the Committee’s work was conducted against a backdrop of unrelenting public interest in whether Tesla would reincorporate and in Musk’s compensation.
