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Tech News and Analysis from around the web

Yogita Khatri / The Block:
Blockchain audit service CertiK raises an $80M Series B2, following $61M across B and B+ rounds, at a nearly $1B valuation led by Sequoia Capital  —  Quick Take  — CertiK, a blockchain and smart contract auditing firm, has raised another $80 million.  — The firm is now valued at nearly $1 billion.

In the music Lennon and McCartney produced separately after the breakup there was (evidently) a lot of bitterness between them. But in this movie you feel the love they had between them. I wonder where the bitterness came from, or if it was just an illusion. Maybe we imagined it.

At one point, in the struggle over George Harrison's departure, Lennon talks about how they'll feel about all of it when they're old. How profoundly sad that he didn't get to be old, and we didn't get to learn from an older John Lennon.

Listening to She Loves You reinforces the point made by Paul McCartney in a recent Fresh Air interview. He said when they were young, when the Beatles were starting out, mostly what they wanted was girlfriends.

Kyle Wiggers / VentureBeat:
CyCognito, which helps eliminate critical security risks in IT ecosystems, raises a $100M Series C at an $800M valuation led by The Westly Group  —  CyCognito, a company developing bot technology to probe potential cyberattack vectors, today announced that it raised $100 million …

The Beatles, I realize now, have played a really important role in my life going back to when I was eight years old and in the hospital recovering from a ruptured appendix. She Loves You was the big hit. I only had the vaguest idea of how they made such a song, I didn't think about it too much, but after watching Get Back (I'm now on the second installment) I see the magic. They invented The Beatles, and I recognize the dissatisfaction of people who don't share the bond that Lennon and McCartney did. Ringo accepted his role as an onlooker, but George struggled against it. And all the hangers-on with opinions about this and that. They remind me of the VCs and execs in tech. The magic was Paul working out a hit song on the bass, with Ringon and George looking on. Then John coming back and loving it, and adding his bit. The conversations reveal so much. If only we had understood all this less than 50 years after the fact. I think of all the young creative people who can watch this, and how it will help them understand, and how we got by, feeling our way around this the way the Beatles. I wrote to a friend yesterday that this feels biblical. This is how it all began. I expect we'll be talking about this for years to come. And I wish we had the equivalent video for all kinds of other seminal events. I'd love to see a video of all that Trump did on January 6, for example, while the Capitol was under attack. Who was he calling on cell phones, threatening them in not so subtle ways while they were feeling so vulnerable?

Good morning and welcome to December. One more month. And then another year and another, and on and on.

Yogita Khatri / The Block:
1inch Network, which offers the popular DEX aggregator 1inch app, raises a $175M Series B led by Amber Group, bringing its total funding to $190M  —  Quick Take  — 1inch Network has raised $175 million in a Series B funding round.  — The project is looking to serve institutional customers …

Annie Njanja / TechCrunch:
Anchor, which offers cloud-based autonomous billing tools for companies, raises a $15M seed led by Rapyd Ventures and others  —  Companies often spend an incommensurate amount of time chasing overdue payments, which distracts them from their core businesses, and brings forth cash flow issues.

Alexander Osipovich / Wall Street Journal:
24 Exchange, which wants to let users trade stocks 24/7 like crypto, raises $14.25M led by Point72 Ventures; SEC approval or rejection is expected in 2022  —  24 Exchange aims for round-the-clock stock trading; Mr. Cohen's Point72 Ventures is leading a funding round

Aisha Malik / TechCrunch:
Vancouver-based Klue, which uses data to help companies improve sales, raises a $62M Series B led by Tiger Global, following a $15M Series A in September 2020  —  Klue, an AI-powered competitive enablement platform, has raised $62 million in Series B funding led by Tiger Global, with participation from Salesforce Ventures.

Michael Pooler / Financial Times:
Brazilian neobank Nubank lowers its IPO range from $10-$11 to $8-$9, targeting a $41.5B valuation and raising up to $2.6B  —  Implied $41.5bn valuation would make lender most valuable financial institution in its home country  —  Nubank has scaled back its planned initial public offering in New York …

Mark Sweney / The Guardian:
Niels Juul, who produced Scorsese's The Irishman, launches NFT Studios and plans to raise $8M-$10M to fund a feature film by selling 10,000 NFTs  —  Niels Juul hopes to raise up to $10m and says he wants to ‘democratise’ antiquated funding system  —  The executive producer behind blockbusters …

Sources: Indian food delivery service Swiggy is raising $600M-$700M at a $10.5B valuation led by Invesco, up from $5.5B in April  —  Indian food delivery service Swiggy is raising $600 million to $700 million in a round led by Invesco that's due to close this month, according to people with knowledge of the matter.

Maria Armental / Wall Street Journal:
GlobalFoundries reports Q3 net revenue rose 56% YoY to $1.7B as profit reached $5M, up from a $293M loss YoY, in its first post-IPO earnings report  —  The financial report was the company's first as a public company, which started trading publicly in October

Natasha Lomas / TechCrunch:
Spain-based Jobandtalent, a marketplace matching temps with employers, raises a $500M Series E at a $2.35B post-money valuation led by Kinnevik  —  Spain's Jobandtalent, a “workforce marketplace”-cum-digital temping agency which uses AI to match workers to casual labor gigs in sectors like warehousing …

Joanna Ossinger / Bloomberg: says it plans to acquire the North American Derivatives Exchange (Nadex) and a ~40% stake in Small Exchange from IG Group for $216M in cash  —  - Small Exchange is backed by Citadel, Peak6, Jump Capital  — Cash deal is expected to be completed in first half of 2022

Ross Young / Display Supply Chain Consultants:
Foldable smartphone shipments reached a record 2.6M units in Q3, up 480% YoY, with Samsung accounting for 93% of shipments followed by Huawei at 6%  —  Austin, TX -  —  Q3'21 was a record quarter for foldable smartphone shipments as expected, given the successful launch of the Samsung Galaxy Z Flip 3 …

Sources: China plans to ban companies from going public on foreign markets through variable interest entities, closing a loophole used by its tech companies  —  China is planning to ban companies from going public on foreign stock markets through variable interest entities …

Steven Levy / Wired:
Q&A with Frances Haugen on becoming a whistleblower, leaving Facebook after moving to Puerto Rico due to health, Meta, plans to run simulated social networks  —  When the Wall Street Journal launched a series of explosive articles based on internal Facebook documents in September, people naturally wondered about the source.