UrWork, the unicorn that is competing with WeWork in China, is following its American rival’s lead by extending its reach in Southeast Asia after it took part in a $3 million funding round for Indonesia-based ReWork. The round, which is described as pre-Series A, was led by China-U.S. firm ATM Capital and Indonesia’s Convergence Ventures. UrWork was a participant alongside U.S.… Read More
from TechCrunch
Teralytics’s big data analytics platform is targeting government agencies and transport companies wanting to understand complex problems relating to human mobility — from how to relieve transport pressure points to monitoring urban air quality without the need for CO2 sensors. Just plug in telecos’ data to play… Read More
from TechCrunch
India-based OYO, a startup that pioneered and popularized the concept of budget hotel networks, has closed $250 million in new funding led by SoftBank’s Vision Fund. The startup was founded in 2013 by Thiel Fellow Ritesh Agarwal, now aged 24, and the concept centers around standardizing the quality of India’s wildly-differentiated affordable hotels, and providing some structure… Read More
from TechCrunch
Innoviz, a company making LiDAR sensors to support the development and deployment of autonomous driving, has raised a new $65 million in Series B funding, from strategic partners and leading auto industry suppliers Delphi Automotive and Magna International, along with other investors. The vote of confidence from Magna and Delphi is especially noteworthy, however, because both stand ready to… Read More
from TechCrunch
A lot of money is being poured into genomics lately, including the genomic information company WuXi NextCODE (WXNC), which just announced it has closed on $240 million in Series B financing, led by Sequoia.
We tend to hear very little about this company in the tech industry but Chinese tech billionaire Jack Ma is one of its many backers and WXNC is counted among the largest genetic database… Read More
from TechCrunch
VizEat, the European “social eating platform” that connects travellers and local hosts around authentic food experiences — such as dining in a local’s home, cooking classes, and food tours — has acquired EatWith, a similar startup headquartered in San Francisco. Read More
from TechCrunch
Five months after abandoning its proposed purchase of Monsanto’s precision planting subsidiary due to anti-trust concerns, agricultural equipment giant Deere and Company announced that it will spend $305 million to acquire ag-tech startup Blue River Technology. Founded in 2011 and based in Sunnyvale, Blue River develops machine learning technology for precision farming and counts… Read More
from TechCrunch
Fanatics, the 17-year-old, Jacksonville, Fla.-based sports e-commerce company that helps leagues and teams sell their licensed apparel and fan gear directly to customers, has closed on $1 billion in funding led by SoftBank Group’s Vision Fund. Read More
from TechCrunch
Following up on the news of 23andMe’s huge upcoming financing round, TechCrunch has learned that the company is raising the new financing at a $1.5 billion pre-money valuation. Dan Primack over at Axios reported the same thing this morning, but we’ve heard from our sources the number is indeed accurate. TechCrunch first reported that 23andMe is raising around $200 million in a… Read More
from TechCrunch
Ed tech startup Labster whose software platform enables virtual simulations of laboratories for teaching life science to students, has closed a $10 million Series A round of funding led by early stage European VC firm Balderton Capital. Read More
from TechCrunch