When we heard from Sumo Logic last June, the company was announcing a $75 million Series F. Today, they announced they were acquiring FactorChain, a security startup that has raised $3.6 million. The companies would not disclose the purchase price, but indicated the acquisition closed at the end of Q4 and all 12 FactorChain employees have joined Sumo Logic, including CEO Dave Frampton and CTO… Read More
from TechCrunch
Big data systems tend to be large, complex and often hard to troubleshoot. In the world of databases, web and mobile stacks, application performance management services like AppDynamics and New Relic help ops teams keep tabs on their system. In the big data world, Unravel Data is one of the few APM players to focus solely on the complete big data stack from ingestion to analysis. Read More
from TechCrunch
Aspect Ventures has finalized its second fund. The team led by Jennifer Fonstad and Theresia Gouw has closed $181 million, up from $150 million it raised at its inception three years ago. An SEC filing last year alerted us that the team was fundraising, but now it’s officially official. Aspect is also adding Melinda Gates and Cisco to its roster of LPs. The team is “looking… Read More
from TechCrunch
SmartHR, a startup helping Japanese employers run HR and staffing smarter — because that’s of course its name — has raised a JPY 1.5 billion ($13.3 million) Series B round led by 500 Startups Japan. The startup is perhaps comparable to the likes of Zenefits and Gusto in the U.S. — it aims to drag Japanese HR departments into today’s digital era. “In Japan… Read More
from TechCrunch
Cabify, the Madrid-based startup that competes with the likes of Uber and 99 in Latin America as well as Spain and Portugal, has closed out another round of funding as competition continues to heat up in the on-demand transportation sector. Cabify’s parent company Maxi Mobility has raised $160 million at a valuation of $1.4 billion, the company confirmed to TechCrunch today. Read More
from TechCrunch
There has been so much money poured into insurance startups lately that it’s spawned its own category, “insurtech.” Investors see an opportunity to reduce inefficiencies and make customer-friendly products. They believe that more young people will buy insurance if it’s made more convenient.
From autos to rentals to theft, every insurance category is seeing… Read More
from TechCrunch
Payroll provider ADP said it is acquiring WorkMarket, a startup that specializes in workforce management software that operates across a wide range of employees and contractors, for an undisclosed sum. The software aims to create a kind of unified interface for managing an extended workforce that can include a variety of workers with different employment status, from contractors and… Read More
from TechCrunch
Cargo, a startup that wants to let every rideshare driver open their own convenience store in their car, has just raised $5.5M in a round it’s calling seed preferred financing. Over the summer we covered the company’s $1.75M seed round, at which point they were just getting started. Now they have 2,500 cars on the road in NYC, Chicago, Boston and Minneapolis, with 20,000 driver… Read More
from TechCrunch
VCs continue to pump money into startups attempting to inject life into the legacy and lucrative insurance industry. The latest ‘insurtech’ company to pick up funding in the U.K. is Anorak Technologies, which is on a self-described mission to “build the world’s smartest independent insurance adviser,” starting with life insurance. Read More
from TechCrunch
Korea’s Kakao, the internet giant behind the country’s top messaging app, is actively seeking overseas investment opportunities after it raised $1 billion via a placement. Kakao is valued at over $7 billion and its services are used by more than 40 million people. The company, which counts Tencent as an early investor, now appears to be making good on its long-standing plan to… Read More
from TechCrunch