Tag Archives: Software & Services

Ford to invest $1 billion in Argo AI

Commentary

In a bid to catch up with rivals in the self-driving car race, Ford is investing $1 billion during the next five years in Argo AI, a Pennsylvania-based startup specialising in robotics and artificial intelligence. Founded by two top engineers from Google and Uber, Argo AI will work to develop a virtual driver software platform for Ford’s fully autonomous vehicles which are scheduled to be launched in 2021. The deal is Ford’s largest investment in autonomous technology, which includes its recent acquisition of Chariot for less than $1 billion as well as a multi-million investment in Velodyne. The deal follows General Motors’ purchase of Cruise Automation, a startup developing self-driving cars and Uber’s acquisition of Otto, another self-driving startup focused on trucks.

Uptake raises $40 million at $2 billion valuation

Commentary

Chicago-based tech unicorn Uptake just raised $40 million from Revolution Growth, catapulting its valuation from $1.1 billion in 2015 to a whopping $2 billion, a rare feat for a startup not founded in the “Land of Unicorns”, aka Silicon Valley. Uptake, a software company focusing on “Outcomes as a Service”, uses predictive analysis and machine learning to solve problems for the world’s leading industries, from mining, aviation, rail, construction, agriculture, energy to retail. Using sensors, Uptake collects data from these companies and gives them real-time insights to help them improve uptime, streamline operations and identify threats as well as opportunities for growth.

Top 20 Rest of the World Deals for January 2017

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $91,000,000 Golan Telecom Electra Consumer Products Hardware & Infrastructure Acquisition
2 $80,000,000 Rounds Kik Mobile & Apps Acquisition
3 $56,000,000 AppsFlyer Consortium Marketing Investment
4 $20,000,000 HealthWatch Yiling Hardware & Infrastructure Investment
5 $15,000,000 CorePhotonics Consortium Hardware & Infrastructure Investment
6 $13,500,000 Earnix Consortium Software & Services Investment
7 $13,000,000 iyzico Consortium Transactions Investment
8 $11,600,000 VisIC Technologies Birch Investment Hardware & Infrastructure Investment
9 $6,000,000 Lumus Alibaba Hardware & Infrastructure Investment
10 $6,000,000 Secret Double Octopus Consortium Software & Services Investment
11 $5,000,000 Vezeeta.com Consortium Transactions Investment
12 $3,000,000 Flytrex Consortium Hardware & Infrastructure Investment
13 $2,500,000 Cybellum Blumberg Capital Software & Services Investment
14 $2,500,000 BitPesa Undisclosed Transactions Investment
15 $1,500,000 Sinemia Revo Capital Transactions Investment
16 $750,000 Jamii Africa Undisclosed Transactions Investment
17 $500,000 GradTrain Undisclosed Transactions Investment
18 $500,000 Ensibuuko Undisclosed Transactions Investment
19 Undisclosed Team8 Microsoft, Qualcomm Software & Services Investment
20 Undisclosed Abbi.io WalkMe Software & Services Acquisition

More information

  1. Electra Acquires Golan Telecom For $91 Million (News18)
  2. Kik snaps up video chat app maker Rounds for a reported $60-$80 million (TechCrunch)
  3. AppsFlyer Raises $56M Series C Financing (FinSMEs)
  4. Israeli HealthWatch – inspired by founder’s father’s heart attack – receives $20M to enter China (Geektime)
  5. Corephotonics raises $15 million from Samsung, Foxconn, MediaTek (Reuters)
  6. Israeli fintech co Earnix raises $13.5m (Globes)
  7. iyzico raises $13m in Series C round (212)
  8. VisIC Technologies Raises $11.6M (No Camels)
  9. Augmented reality lens maker Lumus conjures up a $6M investment from Alibaba (Geektime)
  10. Secret Double Octopus nabs $6M for a stronger, easier alternative to regular 2FA (TechCrunch)
  11. Vezeeta secures $5m for regional expansion (Daily News Egypt)
  12. Flytrex lands $3M to make drone delivery a thing (TechCrunch)
  13. Israeli cyber security co Cybellum raises $2.5m (Globes)
  14. BitPesa closes a $2.5M round to expand digital payments business beyond Africa (AppsAfrica)
  15. Movie ticket subscription service Sinemia raises $1.5 million for its US expansion (Tech.eu)
  16. Tanzania’s Jamii raises $750k funding for expansion (Disrupt Africa)
  17. Edtech Startup GradTrain Closes $500k Seed Financing (FinSMEs)
  18. Ensibuuko closes $500,000 worth of investment (Techjaja)
  19. Microsoft, Qualcomm back Israel’s Team8 cybersecurity firm (Reuters)
  20. WalkMe acquires Abbi.io to add mobile A/B testing and engagement (TechCrunch)

Top 20 North American Deals for January 2017

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $3,700,000,000 AppDynamics Cisco Software & Services Acquisition
2 $1,100,000,000 CoverMyMeds McKesson Software & Services Acquisition
3 $1,000,000,000 Vantage Data Centers Digital Bridge Holdings Software & Services Acquisition
4 $800,000,000 Verily Temasek Holdings Software & Services Investment
5 $650,000,000 SimpliVity Hewlett Packard Enterprise Software & Services Acquisition
6 $425,000,000 Trello Atlassian Software & Services Acquisition
7 $250,000,000 Magento Commerce Hillhouse Capital Group Ecommerce Investment
8 $165,000,000 Tricentis Insight Venture Partners Software & Services Investment
9 $156,000,000 Centerfield Media H.I.G. Growth Partners Marketing Investment
10 $140,000,000 Proterra Consortium Hardware & Infrastructure Investment
11 $109,000,000 Ring Consortium Hardware & Infrastructure Investment
12 $100,000,000 PatientsLikeMe iCarbonX, Invus Transactions Investment
13 $90,000,000 Nuna Incorporated John Doerr, Kleiner Perkins Caufield & Byers Software & Services Investment
14 $83,500,000 eNom Tucows Software & Services Acquisition
15 $75,000,000 Kaminario Consortium Software & Services Investment
16 $70,000,000 ShoeBuy Jet.com Ecommerce Acquisition
17 $50,000,000 Upside.com Leucadia National, Red Ventures Transactions Investment
18 $50,000,000 Turbonomic General Atlantic Software & Services Investment
19 $45,000,000 Bitglass Consortium Software & Services Investment
20 $45,000,000 Aryaka Networks Deutsche Telekom Capital Partners, Third Point Ventures Software & Services Investment

More information

  1. Cisco to Buy Software Maker AppDynamics for $3.7 Billion (Bloomberg)
  2. McKesson to buy CoverMyMeds for $1.1 bln (PE HUB)
  3. Digital Bridge to acquire Vantage Data Centers for $1 billion – sources (Europe Breaking News)
  4. Alphabet’s health-tech company Verily gets $800 million from Singapore investment firm Temasek (VentureBeat)
  5. HPE acquires SimpliVity for $650M in cash (TechCrunch)
  6. Atlassian to Acquire Trello, for $425M (FinSMEs)
  7. Magento Commerce scores $250 mln from Hillhouse (PE HUB)
  8. Tricentis Raises $165M in Series B Funding (FinSMEs)
  9. Centerfield Secures $156 Million in Financing And Acquires Performance Marketing Leader Qology Direct (Multi Channel News)
  10. This electric bus company just raised $140 million (TechCrunch)
  11. Ring raises $109M to help build safer neighbourhoods, sights still set on IPO (TechCrunch)
  12. PatientsLikeMe secures $100M, partners with health data company iCarbonX (Mobi Health News)
  13. Nuna Raises over $90m in Funding (FinSMEs)
  14. eNom Acquired By Tucows for $83.5 Million (The Hosting News)
  15. Kaminario Raises $75M in Funding (FinSMEs)
  16. Jet.com Grabs ShoeBuy for $70M as Walmart Expands E-Commerce Arsenal (Xconomy)
  17. Business Travel Startup Upside Raises $50 Million at $200 Million Valuation (Skift)
  18. The Former CIO Of GE Just Led A $50M Bet On Cloud Company Turbonomic (Forbes)
  19. Singtel Innov8, Australia’s Future Fund participate in Bitglass’ $45m Series C (Deal Street Asia)
  20. Fast-growing Milpitas networking startup raises $45M (SiliconValley Business Journal)