Axle, a NYC-based financial partner for modern freight brokers, raised $1.4m in pre-seed funding. The round was led by Trucks Venture Capital, with participation from Plug and Play Ventures, 37 Angels, Fontinalis Partners, and Techstars. The company intends to use the funds to grow the team of transportation and finance experts and to reach more… Continue reading Axle Raises $1.4M in Pre Seed Funding
Author: FINSMES Online News
Busuu Acquires Verbling
Busuu, a London, UK-based language-learning platform, acquired Verbling, a San Francisco, CA-based live video tutoring company, for a double-digit million amount. With the acquisition, Busuu will expand into the live video tutoring space for its consumer users and corporate clients. Following the acquisition, Verbling’s team members, including co-founders Mikael Bernstein (CEO) and Gustav Rydstedt (CTO)… Continue reading Busuu Acquires Verbling
Moody’s Buys Risk Intelligence Technology Company RDC
RDC, a provider of risk intelligence compliance screening solutions located in the greater Philadelphia area, is to be acquired by Moody’s Corporation (NYSE:MCO). The amount of the deal was not disclosed. Moody’s will be acquiring RDC from Vista Equity Partners. Led by CEO Tom Walsh, RDC is a compliance screening company that provides anti-money laundering… Continue reading Moody’s Buys Risk Intelligence Technology Company RDC
AdTech Company Buzzvil Raises $17M Series C Funding
Buzzvil, a Seoul, South Korea-based provider of rewarded ad platform, raised a total of USD17m in series C funding from the Mega-7 Club. The Mega-7 Club, dubbed as South Korea’s version of Softbank Vision Fund, is consisted of returning investors LB Investments, Company K Partners and new investors SBI Investments, Korea Development Bank and Shinhan… Continue reading AdTech Company Buzzvil Raises $17M Series C Funding
VMware to Acquire AI-Based Network Analytics Platform Nyansa
VMware, Inc. (NYSE: VMW), is to acquire Nyansa, Inc., an AI-based network analytics platform provider. The amount of the deal – expected to close in VMware’s fiscal Q1 FY2021, subject to customary closing conditions – was not disclosed. Nyansa will enable VMware to deliver an end-to-end network visibility, monitoring and remediation solution within VMware SD-WAN… Continue reading VMware to Acquire AI-Based Network Analytics Platform Nyansa
TriggerMesh Raises $3M in Seed Funding
TriggerMesh, a Raleigh, NC and Geneva, Switzerland-based Kubernetes based cloud native integration platform provider, raised $3m in seed funding. The round was led by Index Ventures and Crane Venture Partners. The company will use the funds to scale operationd and grow the development team. TriggerMesh has developed a cloud native integration platform that provides complete… Continue reading TriggerMesh Raises $3M in Seed Funding
Zomato Buys Uber’s Food Delivery Business in India
Zomato, an Indian food app provider, acquired Uber’s food delivery business in India. The an all-stock transaction gives Uber 9.99% ownership in Zomato. The acquisition strengthens Zomato’s position in the food delivery business category. Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the… Continue reading Zomato Buys Uber’s Food Delivery Business in India
FloQast Raises $40M in Series C Funding
FloQast, a Los Angeles, CA-based provider of close management software for accountants, raised $40m in Series C funding. The round, which brought total equity raised to date to $93m, was led by Norwest Venture Partners with participation from existing investors Insight Partners and Polaris Partners. The company intends to use the funds to further accelerate… Continue reading FloQast Raises $40M in Series C Funding
vChain Raises $7M in Series A Funding
vChain, a Houston, TX, USA-based trust and integrity company, closed a $7M Series A funding round. The round was led by Elaia, with participation from Bluwat and Acequia Capital. The company will use the new capital to further develop and scale its CodeNotary™ platform, to invest in engineering and execution talent, and to scale out… Continue reading vChain Raises $7M in Series A Funding
FireEye Buys Cloudvisory
FireEye, Inc. (NASDAQ: FEYE), a Milpitas, Calif.-based intelligence-led security company, acquired Cloudvisory, a Dallas, TX-based provider of continuous visibility, compliance, and security policy governance solutions for multi-cloud and data center assets. The amount of the deal was not disclosed. With the acquisition, Cloudvisory technology will expand cloud security capabilities of FireEye Helix, allowing customers to… Continue reading FireEye Buys Cloudvisory