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
Auto site Carvana tumbles 26% in stock market debut
Carvana, the site for buying and selling cars, had a rough first day in the public markets. After pricing its IPO at $15 per share, it ended the day down 26% at $11.10. Bankers typically recommend a price that would cause the shares to go up about 20% or so on the first day, known as a “pop.” But Carvana maximized every last dollar in its $225 million offering, at the cost of… Read More
Cloudera finishes up 20% in stock market debut
Cloudera, the enterprise big data company, closed the day up over 20% at $18.09, after pricing its IPO at $15 per share. This is also above the range of $12 to $14 that enterprise big data company was preparing for. While the surging stock price is great for new investors, the outcome is still a significant disappointment for some employees of the company because their equity compensation… Read More
Deep Sentinel raises $7.4M to bring deep learning to home security
Deep Sentinel, a home security startup, today announced that it had closed a $7.4 million Series A led by Shasta Ventures with participation from Bezos Expeditions, Lux Capital and UP2398. Founded by serial entrepreneur David Selinger, Deep Sentinel is betting that its emphasis on user experience can provide needed differentiation in the crowded space. Over tea in the… Read More
Equity podcast: Earnings clown car and the profitable-ish Dropbox with Hunter Walk
Welcome back to Equity, TechCrunch’s venture-capital focused podcast where we unpack the numbers behind the narrative. Homebrew’s own Hunter Walk joined us for this episode along with co-hosts Katie Roof, Matthew Lynley and myself. This week has been a delightful clown car of technology earnings, so we dove into Twitter’s surprisingly strong report that drove its share… Read More
Investors are betting 3DR can find life after Solo as a drone data platform
An early player in drone-tech, 3D Robotics Inc., announced that it has raised $53 million in a Series D round of funding on Thursday, including new equity funding and conversion of debt equity. Atlantic Bridge led the round joined by Autodesk Forge Fund, True Ventures, Foundry Group, Mayfield and other undisclosed investors, according to the company statement. The company didn’t break… Read More