SEngine Precision Medicine, a Seattle-based oncology company accelerating cancer drug discovery, raised $5.1 million in Series A funding. Hanaco Ventures led the round, and was joined by investors including Greycroft. Strigo, an Israel-based customer training management company, raised $2.5 million in seed funding. Global Brain, SalesForce Ventures and Archetype Ventures led the round. Autify, a Japan-based software testing automation platform, raised $2.5 million in seed funding. Investors include Lightspeed, Coatue, Y Combinator, F7, SV Angel, Index Ventures, Serena Williams and Will Smith. Flockjay, a San Francisco-based online sales academy, raised $2.98 million in funding. Relativity Space, a Los Angeles-based developer of an autonomous rocket factory and launch services for satellites, raised $140 million in Series C funding. Out as “robotaxis” on an Uber-like platform without drivers. DeepScale could help Teslaĭevelop driver-assistance systems that are good enough for owners to rent them $18.5 million in funding from investors including Point72 Ventures, Next47,Īutotech Ventures, SV Angel, and Greylock Partners. Startup that uses low-wattage processors to power more accurate computer TESLA GOES SHOPPING: Tesla has acquired DeepScale, a Mountain View, Calif.-based PS: In the midst of its cost-cutting efforts, the We No one was quite sure why this purchase occurred, one thing was for sure: Million into WaveGarden, a startup that creates artificial waves up to 8įeet high for surfing at giant water facilities, in 2017? Is that one safe? Although I have to wonder how WeWork decides which assets to divest. We are doing this to produce a long-term footprint, but at the same time, we’re not saying this has to end in an acquisition in order for it to be successful.” The Wing went on to raise an additional $75 million in funding in December. WeWork’s then-COO Jen Berrent said, “We’re not doing this lightly. WeWork swooped in to lead The Wing’s $32 million Series B funding round in 2017.Īt the time, I asked if the startup could be an acquisition target. The Wing is currently valued at close to $400 million, according to a source familiar with the deal. WeWork owns about 23% of the Wing, which it valued at $58.8 million as of June 2019, according to its IPO prospectus. There are reports that all three could be sold off, in addition toĪlso reports there’s one more company at risk: the Wing, a Over the years, WeWork has gobbled up a number ofĬomplementary startups including Managed by Q, an on-demand office servicesĬompany, Conductor, a content marketing site, and Meetup, an online social networking The sale of the company jet, and the offloading of some businesses that WeWork Run out of money some time after the first quarter of 2020, a ccording At the current rate of cash burn - about $700 million a quarter - it would As we noted yesterday, WeWork had $2.5 billion in cash as of Juneģ0. Following weeks of turmoil, the co-working behemoth needs toĬut costs.
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