Fundings

Red Hat acquires CoreOS for $250 million in Kubernetes expansion

Red Hat, a company best known for its enterprise Linux products, has been making a big play for Kubernetes and containerization in recent years with its OpenShift Kubernetes product. Today the company decided to expand on that by acquiring CoreOS, a container management startup, for $250 million. The company’s core products includes CoreOS, a Linux …

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On-demand dog walking app Wag raises $300 million from SoftBank Vision Fund

The SoftBank Vision Fund has struck again. This time, it’s investing $300 million in on-demand walking and dog care startup Wag. Wag has also brought on Hilary Schneider, formerly of identity theft protection company LifeLock, to serve as the company’s new chief executive officer. Wag, which launched back in 2015, offers on-demand walking and boarding for …

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NEA leads $21m round for Drop, a rewards app for millennials

Everyone loves free stuff, apparently including VC investors. Toronto-based Drop, whose app allows consumers to collect points for transactions they make and then receive reward offers, has secured a $21 million Series A round led by Rick Yang at NEA. The company has previously raised about $10 million in seed capital over the past year. …

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Busbud refuels its bus travel booking platform with $11M

Montreal-based travel booking platform Busbud has closed an $11M Series B round led by iNovia Capital. New investors backing the company include Teralys, Claridge and Plaza Ventures. Existing investor Real Ventures also participated in the round. As its name suggests, Busbud’s platform is focused on intercity bus and coach travel. But it’s also inked partnerships with some …

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Virtual travel assistant Mezi acquired by American Express

American Express announced today that it has acquired Mezi, the AI-based virtual travel assistant, for an undisclosed amount. After the deal closes, Mezi will become a wholly-owned subsidiary of American Express. Its technology is already powering AskAmex, a personal concierge app for cardholders that launched its pilot program last year. Mezi users send requests for flights, …

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