Today, we are excited to share with you that we are ending one chapter—a journey in which we grew with you, our customers and partners—and beginning an exciting new one. U.S. Bancorp has entered into a definitive agreement to acquire TravelBank. U.S. Bancorp is the parent company of...
The concept of a business pivot isn’t new, especially for startups. When founders consider a “pivot,” it usually means something needs to change. Maybe it’s the business model because growth is stagnant. Maybe it’s the product because customers aren’t clicking with it. Maybe it’s the...
Forte, a leading provider of blockchain solutions for game publishers, announced today that it has secured an additional $725 million in financing, closing its Series B. The Series B was led by Sea Capital and Kora Management with further support and funding from powerhouse game...
Apps that let people do virtually what they would have previously had to carry out in person have seen a boom in the last 20 months of pandemic living, and one of them today is announcing a big fundraise on the back of its own...
Ambarella, Inc. (NASDAQ: AMBA), an AI vision silicon company, today announced it has entered into a definitive agreement to acquire Ohio-based Oculii Corporation (“Oculii”). Oculii’s adaptive AI software algorithms are designed to enable radar perception using current production radar chips to achieve significantly higher (up to 100X) resolution,...
Versatile®, a construction technology pioneer using artificial intelligence (AI) and the internet of things (IoT) to optimize construction processes, today announced it has secured $80 million in Series B funding. Insight Partners led the round, joined by Tiger Global. The investment will support the company’s...
Today, Sprinklr is a publicly traded company on the New York Stock Exchange: CXM. This is an incredibly humbling milestone, and the beginning of an exciting new chapter in our journey. Everything we’ve built and accomplished over the past decade has led us to today, and...
Forte has raised $185 million at a $1 billion valuation for its behind-the-scenes blockchain game platform. Griffin Gaming Partners led the investment in the latest unicorn to rise in the blockchain gaming market. The Forte deal comes a week after Hong Kong-based Animoca Brands raised $88 million at a $1 billion...
Jackpocket, the first and only licensed third-party app in the U.S. to provide a secure way to order official state lottery tickets, announced today the conclusion of a $50M Series C funding round. After seven years of operation, Jackpocket has won regulatory approval in New York and New Jersey, and...
Proterra Inc., which makes electric buses and batteries, agreed to go public through a merger with special purpose acquisition company ArcLight Clean Transition Corp. The deal represents an enterprise value of $1.6 billion for Proterra and includes $415 million from investors Daimler Trucks, Franklin Templeton, Fidelity Management &...