As carmakers and tech companies continue to improve the mechanics and reliability of self-driving cars, Arbe Robotics, a Tel Aviv startup developing a high-resolution radar system to help those vehicles detect and identify objects, has raised $9 million to help see itself to its first in-car trials in the next year or two. There are five of these trials in the works right now, founder and CEO… Read More
from TechCrunch
Who needs two g’s when you can get by with one? Luxury handbag marketplace Rebagg is now Rebag because the startup “really wanted to elevate our game,” said Charles Gorra, founder and CEO. “Dropping the ‘g’ is a big symbol.” He believes that the shorter Rebag is more representative of the “simplicity” of the brand. “We also like the… Read More
from TechCrunch
Glint, a startup that helps companies improve their employee retention rates, announced today that it has raised $20 million in Series D funding. The round, which includes participation from returning investors Bessemer Venture Partners, Meritech Capital Partners, Norwest Venture Partners and Shasta Ventures, brings Glint’s total funding so far to $80 million. Read More
from TechCrunch
Open source database startup MariaDB has announced a new $27 million round of funding led by Alibaba, confirming the news that TechCrunch reported in September.
As we wrote then, Alibaba contributed the majority of the round, supplying €20 million of the total €22.9 million raised.
A range of existing investors added that extra bit and they were confirmed to include Intel Capital… Read More
from TechCrunch
TransferWise, the international money transfer company and one of Europe’s better-known unicorns, has announced $280 million in new investment today.
The Series E round is led by asset management firm Old Mutual Global Investors, and Silicon Valley VC firm IVP, and I understand also includes some secondary share dealings, meaning that not all of the cash will register on its balance sheet. Read More
from TechCrunch
HelloFresh, the Berlin-based cooking kit delivery company, priced its IPO at the middle of its expected range at 10.25 euros, or roughly $11.91 dollars. This means that the company could raise up to 318 million euros in the offering, or $369 million, assuming underwriters exercise what’s called a greenshoe option. It would value the company at nearly $2 billion or 1.7… Read More
from TechCrunch
Michigan-based Altair Engineering is off to the races in its public debut. After pricing shares at $13, the enterprise software company raised $156 million. Then Altair saw its shares soar over 40% to close at $18.31 during the first day of trading. The company, which has been around since 1985 has built “software focused on simulation and optimization and leveraging… Read More
from TechCrunch
There are venture-backed shoes, razors, and glasses. So why not, toothbrushes? Quip has raised a $10 million round for its dental care business. Sherpa Capital and other unnamed fashion and entertainment investors participated. The New York-based startup is “a lot more than just an electric toothbrush,” said Simon Enever, founder and CEO. Quip is “looking to help fix or… Read More
from TechCrunch
InVision, the design collaboration tool based out of New York, has today announced the close of a $100 million Series E funding round. The financing was led by Battery Ventures, with participation from existing investors Accel, Tiger Global Management, Firstmark and ICONIQ Capital, along with new investors Spark Capital and Geodesic. InVision launched back in 2011 as a tool that would simply… Read More
from TechCrunch
Sunlight, a London startup that offers an employee learning and development platform to let companies offer more bespoke professional development, has picked up £500,000 in seed backing. Leading the round is Speedinvest, with participation from previous backers Seedcamp, and Annection, amongst a number of individuals. Read More
from TechCrunch