Category Archives: Fundings & Exits

IBM is acquiring APM startup Instana as it continues to expand hybrid cloud vision

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As IBM transitions from software and services to a company fully focussed on hybrid cloud management, it announced  its intention to buy Instana, an applications performance management startup with a cloud native approach that fits firmly within that strategy. The companies did not reveal the purchase price. With Instana, IBM can build on its internal […] Continue reading IBM is acquiring APM startup Instana as it continues to expand hybrid cloud vision→

Abacus.AI raises another $22M and launches new AI modules

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AI startup RealityEngines.AI changed its name to Abacus.AI in July. At the same time, it announced a $13 million Series A round. Today, only a few months later, it is not changing its name again, but it is announcing a $22 million Series B round, led by Coatue, with Decibel Ventures and Index Partners participating […] Continue reading Abacus.AI raises another $22M and launches new AI modules→

PingCAP, the open-source developer behind TiDB, closes $270 million Series D

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PingCAP, the open-source software developer best known for NewSQL database TiDB, has raised a $270 million Series D. TiDB handles hybrid transactional and analytical processing (HTAP), and is aimed at high-growth companies, including payment and e-commerce services, that need to handle increasingly large amounts of data. The round’s lead investors were GGV Capital, Access Technology […] Continue reading PingCAP, the open-source developer behind TiDB, closes $270 million Series D→

Kyklo raises $8.5M to bring electrical distributors online

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Kyklo, a startup that helps wholesale distributors of electrical and automation products launch e-commerce stores, is announcing that it has raised $8.5 million in seed funding. The industry may sound a bit arcane, but it’s one that founders Remi Ducrocq (Kyklo’s CEO) and Fabien Legouic (CTO) know from having worked at Schneider Electric. Ducrocq said […] Continue reading Kyklo raises $8.5M to bring electrical distributors online→

Livestorm raises $30M for its browser-based meeting and webinar platform

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Video communication startup Livestorm announced today that it has raised $30 million in Series B funding. Co-founder and CEO Gilles Bertaux told me that the company started out with a focus on webinars before launching a video meeting product as well (which we used for our interview). “The way we think about it is, webinars […] Continue reading Livestorm raises $30M for its browser-based meeting and webinar platform→

Palo Alto Networks to acquire Expanse in deal worth $800M

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Palo Alto Networks has been on 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 […] Continue reading Palo Alto Networks to acquire Expanse in deal worth $800M→

Adobe acquires marketing workflow startup Workfront for $1.5B

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Adobe just announced that it is acquiring marketing workflow management startup Workfront for $1.5 billion. Bloomberg first reported the sale would be happening earlier today. Workfront was founded back in 2001, making it a bit long in tooth for a private company that has raised $375 million, according to Crunchbase. (It’s worth noting that $280 […] Continue reading Adobe acquires marketing workflow startup Workfront for $1.5B→

Intel has acquired Cnvrg.io, a platform to manage, build and automate machine learning

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Intel continues to snap up startups to build out its machine learning and AI operations. In the latest move, TechCrunch has learned that the chip giant has acquired Cnvrg.io, an Israeli company that has built and operates a platform for data scientists to build and run machine learning models, which can be used to train […] Continue reading Intel has acquired Cnvrg.io, a platform to manage, build and automate machine learning→

Coupa Software snags Llamasoft for $1.5B to bring together spending and supply chain data

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Coupa Software, a publicly traded company that helps large corporations manage spending, announced that it was buying Llamasoft, an 18 year old Michigan company that helps large companies manage their supply chain. The deal was pegged at $1.5 billion. This year Llamasoft released its latest tool, an AI-driven platform for managing supply chains intelligently. This […] Continue reading Coupa Software snags Llamasoft for $1.5B to bring together spending and supply chain data→

Twilio wraps $3.2B purchase of Segment after warp speed courtship

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It was barely a month ago we began hearing rumors that Twilio was interested in acquiring Segment. The $3.2 billion deal was officially announced three weeks ago, and this morning the communications API company announced that the deal had closed, astonishingly fast for an acquisition of this size. While we can’t know for sure, the […] Continue reading Twilio wraps $3.2B purchase of Segment after warp speed courtship→