Funding

Why Startup Investors Need Billion-Dollar Exits and Entrepreneurs Don’t

By Alejandro Cremades Billion-dollar startup exits are cool. Yet, are they really as great for startup entrepreneurs as they are for startup investors such as VCs? The new California gold rush has definitely been in “ludicrous mode” for a while. Who knows, unicorn farms may soon become the new norm. Yet, it’s worth pausing for …

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Pendo claims ‘unicorn’ status after bagging $100M in new funding

Software application optimization company Pendo.io Inc. is the latest tech unicorn after announcing today it has raised an even $100 million in a late-stage round of funding. The Series E round brings Pendo’s total amount raised to $206 million and sets a valuation of $1 billion. Sapphire Ventures led the round, with participation from new investors General …

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Brooklyn-based construction robotics startup Toggle gets $3M seed fund – TechCrunch

Toggle, a Brooklyn-based robotics startup, announced today that it scored $3 million in seed funding. The early-stage round was led by Point72 Ventures’ AI Group, with participation from Mark Cuban and VC Twenty Seven Ventures. The series follows a 2018 pre-seed round of $570,000 from its Urban-X accelerator, Urban Us, Accelerate NY / Empire State …

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Einride raises $25M to put more of its T-Pod autonomous trucks on the road

Einride AB, one of the few European startups competing in the race to develop driverless trucks, today revealed that it has secured a $25 million funding round to support expansion plans. Sweden-based Einride is commercializing an autonomous, electric freight hauler called the T-Pod (pictured) that weighs 26 metric tons and looks radically different from the traditional …

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Acronis raises $147M from Goldman Sachs to expand its cyber security services – TechCrunch

When you hear the name Acronis, chances are you’re thinking about products like its disk cloning tool True Image or maybe its backup services. The company, though, wants you to think about cyber protection and all of its products (and their marketing) are now focused on this direction. To expand on this vision, the company …

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Heavily funded Element AI grows war chest with new $151M round

Element AI Inc., a Montreal-based startup selling artificial intelligence software, today cemented its position as one of the better-funded players in its corner of the market by announcing that it has raised 200 million Canadian dollars (about $151 million) in additional capital. The investment came from a group of public and private sector backers. Canadian pension fund CDPQ led …

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