Fundings and Exits

As enterprises adopt cloud-native technologies like containers to build their applications, the next question they often have to ask themselves is how they adapt their data storage and management practices to this new reality, too. One of the companies in this business is the four-year-old Portworx, which has managed to attract customers like Lufthansa Systems,
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3D printer manufacturer Markforged has raised another round of funding. Summit Partners is leading the $82 million Series D round with Matrix Partners, Microsoft’s Venture Arm, Next47 and Porsche SE also participating. When you think about 3D printers, chances are you’re thinking about microwave-sized, plastic-focused 3D printers for hobbyists. Markforged is basically at the other
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Ride-hailing platform Ola announced today that it has raised $300 million from Hyundai and Kia as part of a strategic partnership focused on electric vehicle development. This brings the company’s total raised to $3.8 billion according to Crunchbase. Ola’s last funding was announced just three weeks ago, when the company said it had raised $56
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Digital identity startup Passbase has bagged $600k in pre-seed funding led by a group of business angel investors from Alphabet, Stanford, Kleiner Perkins, EY; as well as seed fund investment from Chicago-based Upheaval Investments and Seedcamp. The 2018-founded Silicon Valley-based startup — whose co-founder we chatted to briefly on camera at Disrupt Berlin — is
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Indian agriculture tech startup AgroStar announced today that it has raised a $27 million Series C for its platform, which helps farmers increase crop production, manage orders and buy supplies online. The round was led by Bertelsmann India Investments, with participation from returning investors Accel, Chiratae Ventures and Aavishkaar Bharat Fund. AgroStar bills its app
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F5 Networks took a dive yesterday after the company announced it was acquiring open-source web server NGINX. While media coverage of the deal was largely positive, the public markets appeared much more skeptical, as F5 stock finished the day down nearly 8%. As most analyses noted, the logic behind the deal is clear. F5’s existing
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As Airbnb gears up for its big leap into the public markets, it’s expanding its accommodations platform to include more than just treehouses and quirky homes. Today, the company has confirmed its intent to acquire HotelTonight, the developer of a hotel-booking application that lets travelers arrange last-minute accommodations. The deal was previously reported by The
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Wefox Group, the Berlin-based ‘insurtech’ startup behind the consumer-facing insurance app and carrier One and the insurance platform Wefox, has raised $125 million in Series B funding. Notably, the round is led by Abu Dhabi government-owned Mubadala Ventures (which is also an LP in Softbank’s Vision Fund) and is the first investment from Mubadala’s newly
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