1.
SentinelOne, an AI-based endpoint security firm, confirms $267M raise on a $3.1B valuation
This year, more than ever before because of the COVID-19 pandemic, huge droves of workers and consumers have been turning to the internet to communicate, get things done and entertain themselves. That has created a huge bonanza for cybercriminals, but also companies that are building tools to combat them. In the latest development, an Israel-hatched, Mountain View-based enterprise startup called SentinelOne — which has built a machine learning-based solution that it sells under the
brand Singularity that works across the entire edge of the network to monitor and secure laptops, phones, containerised applications and the many other devices and services connected to a network — has closed $267 million in funding to continue expanding its business to meet demand, which has seen business boom this year. Its valuation is now over $3 billion. [ Tech Crunch ]
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2.
Menlo Security CEO Says $100M Series E Could Be Last Funding Before IPO
Menlo Security said Thursday that it has raised $100 million in a Series E round of funding. Vista Equity Partners led the round, which included participation from Neuberger Berman funds, JP Morgan, General Catalyst and additional existing investors. Menlo Security most recently raised a $75 million Series D funding round in July 2019. The new round brings its total
funding to more than $260 million and its valuation to $800 million. CEO Amir Ben-Efraim told Crunchbase News he wants to keep the Mountain View, California-based company independent and he’s hopeful the Series E raise will be the company’s last funding before going public. [ Crunchbase ] Checkout 15K+ Venture Capital Data on our platform.
Special:
GTCR powers to $7.5bn Fund XIII close after just five months of capital raising
GTCR has closed its 13th flagship fund on $7.5 billion, with the effort topping a $5.25 billion predecessor from 2017 to become the largest buyout vehicle in the history of the Chicago-based firm. GTCR exceeded an initial target of $6.75 billion for the fund, which will invest in a range of industries including financial services, tech, healthcare and media. [ Pitchbook ]
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3.
Palo Alto Networks to acquire Expanse in deal worth $800M
Palo Alto Networks has been on a buying binge for the last couple of years, and today it added to its haul, announcing a deal to acquire Expanse for $800 million in cash and equity awards. The deal breaks down to $670 million in cash and stock and another $130 million in equity
awards to Expanse employees. Expanse provides a service to help companies understand and protect their attack surface, where they could be most vulnerable to attack. It works by giving the security team a view of how the company’s security profile could look to an attacker trying to gain access. [ Tech Crunch ]
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4.
E-commerce startup Heroes raises $65M in equity and debt to become the Thrasio of Europe
Heroes, a European e-commerce business operating a similar model to unicorn Thrasio in the U.S. — with a strategy of acquiring and scaling high-performing Amazon businesses — has raised $65 million in a funding round. The round — a mixture of equity financing and debt
— is co-led by 360 Capital and Fuel Ventures, with participation from Upper90, an alternative capital provider for e-commerce assets. Angel investors in the company include Matt Robinson, co-founder of GoCardless and Nested, and Carlos Gonzalez-Cadenas, COO of GoCardless. [ Tech Crunch ] Checkout 15K+ Venture Capital Data on our platform.
5.
Seven Questions WITH Nick Elprin
Nick Elprin is co-founder and CEO of Domino Data Lab, an enterprise data science management platform used by 20% of the Fortune 100. He started using his digital SLR camera as his webcam, and sees a great opportunity to improve computer cameras for the remote work environment. Things look bigger up close. That’s especially true for things that are stressful or anxiety-inducing, but it applies to the good stuff, too. I’m trying to be mindful about my initial reactions and reminding myself, and the team, that after a few days or weeks, whatever’s concerning us probably won’t be as bad—or as good—as we thought. I’m also trying to remember that everyone has a different level of comfort with ambiguity. Like most
founders, I tend to embrace it. But lots of folks really struggle with it, and there’s nothing wrong with that. Bringing people through a time like this requires care and conscientiousness, and I’m still learning. [ Sequoia ]
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The last time Seedcamp went to raise a fund, Brexit happened; this year when it headed out fundraising, a pandemic hit. But while it may not be lucky with timings, it is proving to be pretty damn good at finding high-potential European startups — its portfolio includes fintech unicorns TransferWise and Revolut, alongside software giant UiPath and newly-minted unicorn Hopin — and other investors have been more than happy to give it more capital to keep doing what
it’s doing. Today, Seedcamp is announcing a new £78m fund — its fifth — to invest in pre-seed and seed-stage startups in Europe. The fund was, Seedcamp says, 50% oversubscribed, and has been backed by institutional investors like Legal & General, British Patient Capital, OMERS, Isomer and TIFF. It is also backed by several larger VC firms, like Northzone, Index and Sequoia, and founders, including TransferWise’s Taavet Hinrikus, UiPath’s Daniel Dines and Unity’s David Helgason. [ Sifted ] Checkout 15K+
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7.
UK M&A deals could slow under new foreign takeover rules
Foreign takeovers of British companies could be subjected to added scrutiny under new legislation proposed by the UK government. The government would be allowed retroactively to stop pending acquisitions beginning Wednesday, rather than when the bill passes, to prevent a rush of activity in the interim. It also has potential impacts for cross-border deals that have not yet closed, such as Nvidia's $40 billion acquisition of semiconductor business Arm, announced in September. The bill, which has been in the works since 2018, is widely seen as a reaction to increasing fears over foreign companies gaining access to sensitive technology and infrastructure, with China being an area of particular concern. Tech giant Huawei, for example, has made several acquisitions in the UK in recent years. In July, the government reversed course on a plan to use Huawei equipment to
help build the country's 5G mobile network; Huawei has since been banned from the UK's networks, following US sanctions. [ Pitchbook ] Checkout 15K+ Venture Capital Data on our platform.
8.
Third-Party Risk Management Solutions Company Venminder Raises $33 Million
Leading third-party risk management solutions company Venminder announced it has raised $33 million in Series C funding led by new investor Silversmith Capital Partners with participation from existing major institutional investors, Bain Capital Ventures and MissionOG. With this round of funding, Venminder is planning to use the proceeds of the capital raise to propel forward feature development from its product roadmap, capture additional share in core verticals, and expand further into new markets. And the investment follows Venminder’s continued track record of rapid growth with the company adding its 800th customer earlier this year and nearly tripling its revenue over the past 3 years. [ pulse2 ] Checkout 15K+ Venture Capital Data on our platform.
9.
Fishtown Analytics Raises $29.5M to Build the Future of Analytics Engineering With Its Open Source Product, dbt
Fishtown Analytics announced that it raised $29.5M in Series B financing. With this raise, the team will continue building dbt, its open source analytics engineering tool, and the community around it. The round was led by Sequoia Capital, with participation from existing investors Andreessen Horowitz and Amplify Partners. Sequoia partner, Matt Miller, will join Fishtown Analytics' board. "Every company is becoming data-driven, but the actual process of squeezing insights out
of data is incredibly frustrating for most companies—and antiquated data engineering processes are to blame," said Miller. "The Fishtown Analytics team is capitalizing on a market opening created by the cloud data warehouses and dared to imagine a new way to transform data with the elegance of code, which they call analytics engineering. We were taken aback by the strength of the community and the effusive user evangelism—across more than a dozen user interviews, the average net promoter score was greater than 10 out of 10, which is unheard of." [ PR Newswire ]
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10.
Improving America’s Financial Health: Truebill Banks On $17M
People are always looking for ways to cut costs or find a good deal on subscriptions. Truebill is one company providing a way to do that and is poised for further growth after raising a $17 million Series C round. The Maryland-based platform, founded in 2015, enables users to manage their personal finances and improve their financial health. The funding round was led by Bessemer Venture Partners, with participation from Day One Ventures, Eldridge, Cota Capital and Firebolt Ventures. Including the Series C, Truebill has raised a total of $40 million. Armed with the new funding, the company is rounding out its offerings as a “super app” for finances to include: net-worth tracking (including tracking physical assets like home and car and how value changes overtime), shared accounts, expanded smart savings and emergency funds, and an expanded credit report section. [ Crunchbase ] Checkout 15K+ Venture Capital Data on our platform.
11.
Wellness Shots Leader So Good So You Secures $14.5 Million As Demand For Immunity-Boosting Products Reaches All Time High
In the food and beverage industry, no buzzword is as sexy as immunity-boosting these days. Wellness shots incumbent So Good So You (SGSY) that owns a 25% stake in the category with its highest-selling immunity shots has just closed a $14.5 million series C funding round led by Prelude Growth Partners. The deal came only a few months after the company’s competitor Vive Organic raised $13 million in a series B round, signaling shoppers’ continuous search for health foods, and heated
investors’ interest in functional beverages amid the ongoing pandemic. [ Forbes ] Checkout 15K+ Venture Capital Data on our platform.
12.
Bumped Raises $10.4M For Program That Gives Equity As Shopping Rewards
Bumped, a technology company that aims to reward consumers with equity in brands they frequently shop with, officially launched with 50,000 users after raising follow-on funding of $10.4 million for its Series A round, as well as closing on $5 million in debt financing. “We are bringing stock-as-a-reward into the market, where we already have points, cashback and other rewards,” David Nelsen, founder and CEO told Crunchbase News. “The general thesis is using stock ownership as a new mechanism for loyalty.” Bumped’s initial launch is via a consumer app, which converts spend at 1,000 retailers into stock rewards. The company is also developing an app for enterprises that want to provide a similar reward to their employees, he added. [ Crunchbase ] Checkout 15K+
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