Orbital Insight closes $50M Series C led by Sequoia

 This morning Orbital Insight, a geospatial analytics startup, announced that it had completed raising a $50 million Series C round of financing from Sequoia. The fresh capital brings the company’s total fundraising to $78.7 million. Orbital Insight generates analytics for businesses using satellite imagery and other data. A product of deep learning and more readily available… Read More

Meet Relive, a startup that uses data to turn your outdoor activities into 3D animated videos

 Relive, a Dutch startup that has been flying a little under the tech media radar until now, might just be onto something. Inspired by the experience of its founders during a cycling trip whilst on holiday in Tenerife early last year, the company turns activity data, such as that garnered from devices made by Strava or Garmin, and combines this with photos you’ve taken to create 3D… Read More

Bitfusion raises $5M for its AI lifecycle management platform

 When Bitfusion launched in 2015, its focus was on helping developers speed up their applications by giving them pre-compiled libraries that made better use of GPUs, FPGAs and other co-processing technologies. That was then. Today, the hottest market for these technologies is in training deep learning models. Unsurprisingly, that’s exactly what Bitfusion is focusing now. Read More

2017 tech IPOs are on a tear compared to last year

 By this time last year, one tech company had gone public. there was one. Already this year, nine tech companies have gone public on U.S. exchanges. Needless to say, public exits are looking up. That comparison becomes starker when you compare SecureWorks, 2016’s first IPO, to Snap, which went public in 2017. SecureWorks priced under range, and it has since fallen nearly 38 percent from… Read More

Collaboration software company Jive to be acquired by Aurea for $462 million

Jive at IPO in 2011 Jive, a community collaboration software company that was one of the biggest Enterprise 2.0-era success stories, going public in 2011, announced today it had agreed to be acquired by ESW Capital’s Wave Systems for $462 million. It will become part of the Aurea family of companies.
In the end, it was a kind and healthy exit for Jive shareholders. ESW paid $5.25 a share to purchase the… Read More

Airwallex raises $13M led by Tencent to bring its cross-border payment service to Europe

 Australia-based cross-border payments startup Airwallex has closed a $13 million Series A round to expand its reach across Asia Pacific and into Europe. The deal was led by Chinese internet giant Tencent — marking its first investment in an Australian startup — with participation from Sequoia China, Mastercard and other undisclosed investors. Airwallex was founded last year… Read More

Data management startup Rubrik confirms $180M round at a $1.3B valuation

Data flying over group of laptops to illustrate data integration/sharing. Druva, CommVault and EMCRubrik, a startup that provides data backup and recovery services for enterprises across both cloud and on-premises environments, has closed a $180 million round of funding that values the company at $1.3 billion. The news confirms a report we ran earlier this week noting that the company was raising between $150 million and $200 million. IVP (as we noted sources told… Read More