Didi Chuxing, the largest ride-hailing app in China, confirmed today that it has closed a $7.3 billion financing round that includes its recent investments from Apple and China Life. The news was first reported by the Wall Street Journal, whose sources say Didi Chuxing’s valuation is now pegged at more than $25 billion. Read More
from TechCrunch
Uber, fresh off $3.5 billion from the Saudi Arabia Public Investment Fund, is in talks to close another $1-2 billion in the form of leveraged loans.
Over the last 24 hours, the term “leveraged loans” has been thrown around a lot, but few in the startup world have seen this term before. Read More
from TechCrunch
Sometimes the government, not the startup, wins. Case in point: Fixed, the company that began as a tool to help drivers fight their parking tickets through the use technology, has been acquired. Fixed had struggled to get cities to accept its submissions, having faced everything from being blocked from cities’ ticket websites to agencies simply unplugging their fax machine so… Read More
from TechCrunch
What if a simple camera capturing data for machine learning could tell you the threat level of an individual approaching a fence. What if the same combination of camera and computer could classify the behavior of shoppers in a grocery store isle and judge things like intent to purchase, presence of decision paralysis, and ease of identifying desired products. Fueled by advances in image… Read More
from TechCrunch
Saavn, the music streaming service we’ve likened to ‘India’s Spotify’ in the past, has just landed a notable strategic investor that could help it unlock more artists and business potential. Read More
from TechCrunch
FirstMark Capital, the investment firm behind companies like Pinterest, Shopify, Riot Games, InVision, Tapad, Schoology, has today announced $480 million in new funds.
This money will be split between two separate funds, with $275 million going into FirstMark IV (an early stage fund), and $205 million headed to the Opportunity Fund (for later stage companies and follow-on deals for existing… Read More
from TechCrunch
Lumus—makers of transparent near-to-eye displays for augmented reality (AR) and mixed reality (MR)—announced this morning that they have secured $15 million in a Series B round, led by global private investment firm Shanda Group and also by Crystal-Optech, a Chinese optical imaging company. Read More
from TechCrunch
Rumors from the Wall Street Journal that Uber was in the process of finalizing terms for a $1-2 Billion leveraged loan began spreading just after noon PST. This comes just two weeks after the company closed a $3.5 billion equity round from Saudi Arabia’s Public Investment Fund. If the deal goes through, it would mean the company has added $5.5 Billion to it coffers in the amount of time… Read More
from TechCrunch
Singapore-based Golden Gate Ventures has closed a new $60 million fund for Southeast Asia’s rapidly-growing startup ecosystem. Read More
from TechCrunch
Sixgill, a self-proclaimed ‘cyber intelligence’ SaaS startup that analyses the Dark Web, is launching publicly today and announcing that it has closed a $5 million funding round led by Elron, an Israeli holding company dedicated to building technology companies. Read More
from TechCrunch