SAP is buying identity management firm Gigya for $350M

SAP, the German enterprise software giant, today announced an acquisition to strengthen its hybris e-commerce division. It has acquired Gigya, a firm that helps online properties manage customer identities and profiles. Terms of the deal have not been disclosed officially, but our sources tell us it is for $350 million. This was the same figure… Continue reading SAP is buying identity management firm Gigya for $350M

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Southeast Asia games firm Sea, formerly Garena, files for $1 billion US IPO

Southeast Asia-based games and e-commerce firm Sea, formerly known as Garena, has officially filed for its much-anticipated U.S. IPO. The company, which is valued at over $3.75 billion, will list on the New York Stock Exchange as ‘SE’ and is looking to raise $1 billion. Sea is best known for its Garena gaming business, which… Continue reading Southeast Asia games firm Sea, formerly Garena, files for $1 billion US IPO

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Facebook drops no-vote stock plan, Zuck will sell share to fund philanthropy

Mark Zuckerberg has gotten so rich that he can fund his philanthropic foundation and retain voting control without Facebook having to issue a proposed non-voting class of stock that faced shareholder resistance. Today Facebook announced that it’s withdrawn its plan to issue Class C no-vote stock and has resolved the shareholder lawsuit seeking to block… Continue reading Facebook drops no-vote stock plan, Zuck will sell share to fund philanthropy

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Despite all odds, Hyperloop One just raised another $85 million

Hyperloop One, a three-year-old, L.A.-based company working to create near-supersonic trains that can whisk both passengers and cargo in giant pneumatic tubes at speeds of many hundreds of miles per hour, has raised $85 million in fresh funding, as first reported in Recode. The round, which comes from DP World, Caspian VC Partners, WTI and OurCrowd.com,… Continue reading Despite all odds, Hyperloop One just raised another $85 million

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Live from Disrupt SF: Equity talks Slack, Lyft and flying cars

Hello and welcome back to Equity, TechCrunch’s weekly venture capital-themed podcast where we work to unpack the numbers lurking behind the news. This week we have a special episode for you all. We recorded live from Disrupt San Francisco, right in the middle of the main floor. From the front, this is what it looked like:… Continue reading Live from Disrupt SF: Equity talks Slack, Lyft and flying cars

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East Ventures closes new $30M fund to continue investing in Indonesia

East Ventures is back at it again with another new fund to invest in early-stage companies in Indonesia, Southeast Asia’s largest economy and the world’s fourth most populous country. This new $30 million fund is the firm’s sixth to date in Southeast Asia, and remarkably its second in 2017 alone. A $27.5 million fund announced… Continue reading East Ventures closes new $30M fund to continue investing in Indonesia

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Database provider MongoDB has filed to go public

MongoDB, a database software company based in New York, has filed to go public with the Securities and Exchange Commission as it continues to burn a ton of cash despite its revenue almost doubling year-over-year. The company, which provides open-source database software that became very attractive among early-stage startups, is one of a myriad of… Continue reading Database provider MongoDB has filed to go public

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Baidu announces $1.5B fund to back self-driving car startups

Baidu is putting some serious cash behind its self-driving car push after it announced a $1.5 billion fund that’s focused on backing autonomous driving tech companies. The Chinese giant, best known for its internet search service and AI technology, has prioritized autonomous vehicles in a major way in recent years so this comes as little… Continue reading Baidu announces $1.5B fund to back self-driving car startups

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Freight startup Flexport soars from “unsexy” to $800M valuation

Flexport handles the boring logistics of a trillion-dollar business: the tranport of shipping containers around the world. Because the work of freight forwarding seemed so bland, it was long ignored by the tech world. But digitizing the paper work let Flexport speed up shipping so clients keep less inventory on hand while never running out.… Continue reading Freight startup Flexport soars from “unsexy” to $800M valuation

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DogBuddy, the European dog sitting marketplace, scores €5M Series A

DogBuddy, a pan-European online marketplace for dog sitting, has closed €5 million in Series A funding, money it plans for further expansion. Backing the London-headquartered startup in this round is existing investor Sweet Capital, the investment fund started by the founders of King.com, and a number of new unnamed private investors. It brings total raised… Continue reading DogBuddy, the European dog sitting marketplace, scores €5M Series A

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