Tech News
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.
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 …
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 …
Bloomberg:
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:
Crypto.com 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 …
Bloomberg:
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.