Automation Anywhere, which is best known for its robotic process automation (RPA) software, plans to expand the platform. This morning, the company announced that it intends to acquire process discovery startup FortressIQ. The companies did not reveal the purchase price. FortressIQ gives Automation Anywhere this missing process discovery component, which enables AI-fueled software to map […]
TikTok rival Triller to go public via merger with SeaChange International
Short video app Triller is set to go public via a reverse merger with video-tech company SeaChange International, the two companies announced on Wednesday. The combined entity will be valued at approximately $5 billion. The boards of both companies have approved the proposed merger and the deal is expected to close in the first quarter […]
Voi scooters raises $115M Series D round as it preps to enter new cities — and for an IPO
The European e-scooter market is currently the main battleground for companies playing in the micromobility space, taking advantage as they are of Europe’s relatively compact cities and the desire of populations to move to more sustainable transportation. In 2021, players like Tier, Voi and Dott continued to raise VC backing. But the war for funding […]
ZeroFox goes public in $1.4B SPAC deal
ZeroFox, an enterprise threat intelligence cybersecurity startup that helps companies detect risks found on social media, has announced plans to become a publicly traded company via a merger with blank-check company L&F Acquisition. As part of the transaction, Maryland-based ZeroFox — which has raised more than $154 million in funding since it was founded in […]
Are Nubank’s low IPO fees a sign of the times?
Fees on the Nubank IPO were among the lowest of the year. Could it also be a sign of some of the changes we are planning to track in 2022?
India’s most valuable startup Byju’s in talks to go public via record SPAC deal
Indian edtech giant Byju’s, the nation’s most valuable startup, is in talks to go public in the U.S. by merging with a blank check company led by Churchill Capital, a person familiar with the matter said. Byju’s, currently valued at about $21 billion, is seeking a valuation of over $45 billion and looking to raise […]
SQream acquires no-code data platform Panoply
SQream, a well-funded Israel-based data analytics platform, today announced that it has acquired no-code data platform Panoply in an effort to expand its cloud services. At the core of SQream’s service is its GPU-centric “data acceleration platform,” which promises to speed up SQL queries and enable users to run their queries on more data. Panoply, on […]
Picsart acquires R&D company DeepCraft in seven-figure deal to aid video push
SoftBank-based digital creation platform Picsart, which recently hit uniciorn status, announced today it’s acquiring the research and development company DeepCraft. The deal is a combination of both cash and stock and is in the seven-figure range, but the exact terms aren’t being disclosed. Picsart today offers a range of digital creation and editing tools aimed […]
Better.com gets $750M cash infusion in new agreement with its SPAC backers
Digital mortgage lender Better.com, which announced in May that it was going public via a SPAC, is getting a cash infusion from its backers sooner than expected. Blank-check company Aurora Acquisition Corp. and SoftBank have decided to amend the terms of their financing agreement to provide Better with half of the $1.5 billion they committed […]
EU retail giant Schwarz Group snags security startup XM Cyber for $700 million
Schwarz Group, an EU-based retail company, announced today that it has acquired Israeli security startup XM Cyber for $700 million. It may seem like a strange partnership, as Schwarz is best known as the owners of the Lidl and Kaufland supermarkets, but the company believes that extending into security will ultimately help benefit its retail […]