SAN FRANCISCO — Kentik, which helps companies monitor their networks, has closed a $40 million Series C funding round led by existing investor Third Point Ventures. Investors from prior rounds – August Capital, Tahoma Ventures, DCVC, Engineering Capital and Vistara Growth – were joined by new investors Golub Capital, Gaingels and Delta-v Capital to complete […]
AppLovin Buys MoPub From Twitter for $1.05 Billion
SAN FRANCISCO — Twitter, Inc. has agreed to sell MoPub to AppLovin Corporation, a leading marketing software company based in Palo Alto, for $1.05 billion in cash. MoPub provides an advertising network for app publishers. Twitter bought the company for about $350 million in 2013 but is selling to focus on its own products and […]
McDonald’s to Give Free Breakfast for Teachers
McDonald’s is making school day mornings a little brighter for teachers with a free breakfast Thank You Meal all next week from October 11 to 15. “Together with our Owner/Operators, we’re proud to serve the people who make our communities a better place, and this is an important time to say thank you to some […]
United Expands Schedule for Holiday Travel
United Airlines announced it will fly its biggest domestic schedule since the start of the pandemic to meet an expected surge in holiday travel, with an emphasis on connecting the Midwest to warm weather cities like Las Vegas and Orlando as well as offering nearly 70 daily flights to ski destinations, including new service between Orange County and Aspen. United reported […]
ReleaseHub Reels In $20 Million Series A
ReleaseHub, a fully-remote company that was based in San Francisco, has completed a $20 million Series A funding round. Led by CRV with participation from Sequoia, Y Combinator, Bow Capital, Artisanal Ventures, Hack VC and angel investors Amit Agarwal (Datadog), Bill Clerico (WePay) and Chase Gilbert (Built Technologies), the Series A follows a $2.7 million […]
Tekion Valued at $3.5 Billion With $250 Million Series D
PLEASANTON — Tekion, developer of the Automotive Retail Cloud (ARC) platform for car dealers, has landed a Series D financing round of $250 million, driving its valuation to $3.5 billion. The funding round was led by Alkeon Capital and co-led by Durable Capital. Other investors include Hyundai Motor Company and several reputable dealer groups across […]
Digital Life Insurance Company Ladder Climbs With $100 Million Series D
PALO ALTO — Ladder, which offers flexible life insurance in minutes, has raised a $100 million Series D round. The company says it has more than quadrupled revenue last year and plans to issue $30 billion in LadderLife coverage by year end. The $100 million financing round was led by Thomvest Ventures and OMERS Growth Equity. It will be used to help […]
Akridata Completes $15 Million Series A
LOS ALTOS — Akridata, a pioneer in Data-Centric AI, announced the completion of its $15 million Series A round led by Venture Capital firms TeleSoft Partners, Accel, and Mobile Foundation Ventures (MFV) Partners. Akridata also announced the world’s first Edge Data Platform for Data-Centric Artificial Intelligence (AI). With the first AI infrastructure platform in the Data-Centric AI category, […]
Coatue Leads $25 Million Series A in Commonstock
SAN FRANCISCO — Commonstock, which operates a social network for retail investors, has raised a $25 million Series A led by Coatue, with participation from QED, Floodgate, Upside Ventures, Resolute Ventures, Abstract Ventures. Philippe Laffont, Bill Ackman, Ari Emanuel, and Michael Ovitz also joined the round as well as Li Jin of Atelier, Turner Novak of Banana Capital, and Jill Carlson. Commonstock said will use the funds to […]
Massive Outage Hits Facebook, Instagram, Whatsapp
If you’ve been trying to view your Facebook or Instagram feed, you’ve been out of luck most of the day. One of the world’s largest Internet services has been down for over three hours. Facebook, which also owns Instagram and Whatsapp, has seen its websites and apps go down since around 8:37 am Pacific time […]
Perfect Day Caps Off Week With $350 Million Round
BERKELEY — Perfect Day, Inc., best known as the creator of the world’s first animal-free milk protein, has scored a $350 million Series D funding round intended to fuel the company’s expanded focus across biological engineering, ingredient innovation, and consumer products. The round, co-led by Temasek and Canada Pension Plan Investment Board (CPP Investments), included […]
All Day Kitchens Expands With $65 Million Series C
SAN FRANCISCO — All Day Kitchens, which operates ghost kitchens in the Bay Area and Chicago, has scored a $65 million Series C financing round led by Lightspeed with participation from GIC, and Alex Taussig joining the board as Director and Jeremy Kranz as Board Observer. Existing investors Andreessen Horowitz, Founders Fund, Khosla Ventures, and […]