Reddit is raising $150 million to $300 million to keep the front page of the Internet running, multiple sources tell TechCrunch. The forthcoming Series D round is said to be led by Chinese tech giant Tencent at a $2.7 billion pre-money valuation. Depending on how much follow-on cash Reddit drums up from Silicon Valley investors […]
View More Reddit is raising a huge round near a $3 billion valuationCategory: Recent Funding
Databricks raises $250M at a $2.75B valuation for its analytics platform
Databricks, the company behind the Apache Spark big data analytics engine, today announced that it has raised a $250 million Series E round led by Andreessen Horowitz. Coatue Management, Microsoft and NEA, also participated in this round, which brings the company’s total funding to $498.5 million. Microsoft’s involvement here is probably a bit of a […]
View More Databricks raises $250M at a $2.75B valuation for its analytics platformAurora Solar’s computer-generated installation maps pull in a $20M Series A
Solar installations are becoming a no-brainer for anyone with a roof in much of the country. But getting an estimate on how much it would cost and how much juice it would generate can be complicated and time consuming. Aurora Solar has made an automated process for doing this, and attracted $20 million in funding as a result.
View More Aurora Solar’s computer-generated installation maps pull in a $20M Series AYC-backed Oxygen raises seed to bring digital banking to freelancers
Few things are easy in our financial system if you don’t have regular employment. It’s hard to prove (regular) income, which makes applying for a credit card or personal loan much more difficult and time-consuming. That’s particularly tough, since freelancer income is variable, and these sort of income smoothing tools can be critical to make […]
View More YC-backed Oxygen raises seed to bring digital banking to freelancersPetal raises $30m from Valar to bank the unbanked with credit cards
Credit cards are a relatively new invention that have entered into something of an innovation rut. Reward programs seem stale, mobile apps remain mired in early-2000s UX paradigms, and all too often, critical financial decisions (and their expensive associated fees) are hidden like booby-traps for users. Little wonder then that consumers are fed up with […]
View More Petal raises $30m from Valar to bank the unbanked with credit cardsKite raises $17M for its AI-driven code completion tool
Kite, a San Francisco-based startup that uses machine learning to build what is essentially a very smart code-completion tool, today announced that it has raised a $17 million funding round. The round was led by Trinity Ventures, with personal participation from now-GitHub CEO Nat Friedman. In addition to the funding, Kite also today announced that […]
View More Kite raises $17M for its AI-driven code completion toolHow Jyve secretly raised $35M & built a $400M retail gig economy
What if instead of just accepting Uber rides, gig workers could pick from higher paying skilled tasks around town like stocking shelves, checking inventory, or driving a forklift at a local grocer? When they work quickly and accurately or learn new trades, they get to choose between more complex jobs. That’s the idea that’s racked […]
View More How Jyve secretly raised $35M & built a $400M retail gig economyTrust & Will closes first electronic will in the US (plus $2m investment)
No one likes to think about death (least of all startup founders), but wills, trusts and estate planning are crucial for ensuring that your material assets get passed to whatever people or organizations you care about. Yet, few processes are more paper-driven than the legal process of getting your affairs in order. Finally, the estate […]
View More Trust & Will closes first electronic will in the US (plus $2m investment)Humio raises $9M Series A for its real-time log analysis service
Humio, a startup that provides a real-time log analysis service for on-premises and cloud infrastructures, today announced that it has raised a $9 million Series A round led by Accel. It previously raised its seed round from WestHill and Trifork. The company, which has offices in San Francisco, the U.K. and Denmark, tells me that […]
View More Humio raises $9M Series A for its real-time log analysis serviceSequoia-backed NEXT gets $97M as investment in logistics heats up
NEXT plans to use the investment to fill 150 positions in 2019, as well as complete the launch Relay, a new service targeting the “systemic congestion” at shipping ports.
View More Sequoia-backed NEXT gets $97M as investment in logistics heats upRoger Dickey ditches $32M-funded Gigster to start Untitled Labs
Most founders don’t walk away from their startup after raising $32 million and reaching 1000 clients. But Roger Dickey’s heart is in consumer tech, and his company Gigster had pivoted to doing outsourced app development for enterprises instead of scrappy entrepreneurs. So today Dickey announced that he’d left his role as Gigster CEO, with former […]
View More Roger Dickey ditches $32M-funded Gigster to start Untitled LabsFanDuel co-founder Tom Griffiths just closed a seed round for his decidedly noncontroversial new startup, Hone
Tom Griffiths has founded four companies, two of which “weren’t much to write home about,” he jokes. The third captured the world’s attention: FanDuel, the fantasy sports company that was routinely in the press — not always for desirable reasons — from nearly the day it launched, to its near merger with rival DraftKings, to its […]
View More FanDuel co-founder Tom Griffiths just closed a seed round for his decidedly noncontroversial new startup, Hone