Source: Greenoaks, one of Brex's top investors, will return twice its investment after Capital One's Brex acquisition for $5.15B in a half-cash, half-stock deal
Brex's $5.15 billion agreement to sell to Capital One isn't the kind of exit employees or investors would have dreamed of four years ago …
Capital One agrees to acquire Brex, which specializes in tech to administer corporate credit cards, expenses, and rewards, for $5.15B in cash and stock
That's what you call going out with a whimper.Hugh Son /CNBC:Capital One is buying startup Brex for $5.15 billion in credit card firm's latest deal
Source: Greenoaks, one of Brex's top investors, will return twice its investment after Capital One's Brex acquisition for $5.15B in a half-cash, half-stock deal
Brex's $5.15 billion agreement to sell to Capital One isn't the kind of exit employees or investors would have dreamed of four years ago …
Capital One agrees to acquire Brex, which specializes in tech to administer corporate credit cards, expenses, and rewards, for $5.15B in cash and stock
Deal would give credit-card issuer access to technology used by thousands of companies for corporate credit cards
Capital One agrees to acquire Brex, which specializes in tech to administer corporate credit cards, expenses, and rewards, for $5.15B in cash and stock
Deal would give credit-card issuer access to technology used by thousands of companies for corporate credit cards
Slack confirms it is training some of its AI-powered features, but not its generative AI tool, on user content and uploads, with all users opted-in by default
https://slack.com/... What a time to be alive in IT. 🤦♂️ JP Mens / @jpmens@mastodon.social : “Our guiding principle as we build this product is that the privacy and security of ...
Thomson Reuters agrees to acquire YC-backed Casetext, which builds AI-powered workflows and tools for lawyers, for $650M in cash, expected to close in H2 2023
Thomson Reuters has entered into a definitive agreement to acquire Casetext, a Y Combinator-backed legal tech startup.
Silicon Valley Bank launches a $2.25B share sale after losing ~$1.8B on its ~$21B of US Treasuries and mortgage-backed securities
Technology-focused lender suffered loss on $21bn portfolio of Treasuries and mortgage-backed securities — Silicon Valley Bank has launched a $2.25bn share sale …
Sources: Founders Fund cut Fund VIII, which is expected to start deploying capital in Q2 2023, from ~$1.8B to ~$900M; the money will be pushed to its ninth fund
Oura partners with Gucci on the Gucci x Oura Ring wearable, letting users monitor heart rate, sleep, and more, available at select stores for $1,100
Oura, the startup that's pushing the limits of how small a wearable can be, just announced a collaboration that could boost its profile considerably.
Sources: Instacart confidentially filed documents for an IPO, which could happen as soon as 2022, though the timing could slip or the startup could stay private
Instacart Inc., the grocery delivery platform, has confidentially filed documents for an initial public offering, according to people with knowledge of the matter.
Physical trading cards marketplace and custody service Alt raises a $75M Series B at a $325M+ valuation, says $70M+ worth of cards are stored in its vault
Source: online course provider Udemy is preparing to file for an IPO as soon as October, targeting a valuation of between $6B and $8B
Kate Clark / The Information : Tweets: @darian314 and @scobleizer Tweets: Darian Shirazi / @darian314 : Bet on amazing founders like @erenbali & @gaganbiyani and a decade later, t...
Discord acquires augmented reality startup Ubiquity6, which had raised $37.5M and recently pivoted to become a collaborative service for simple online games
Today, I'm excited to announce that Discord has acquired Ubiquity6! Jordan Major / Finbold : Discord acquires AR and video chat startup Ubiquity6 for an undisclosed price Babafemi ...
Data analytics startup Amplitude raises $150M led by Sequoia Capital at a $4B valuation, up from $1B last year
Sleep and health tracking ring startup Oura raises $100M Series C, valuing the company at $800M, and says its ~$30M in 2019 sales doubled in 2020
FCC approves a $50/month high-speed internet subsidy for low-income households and a one-time discount of up to $100 on a computer or tablet for eligible homes
Cecilia Kang / New York Times :
Leaked Palantir S-1 shows the company had 2019 revenue of $742M, up ~25% YoY, and a net loss of $580M, about the same as in 2018
Palantir filed an S-1 confidentially to the SEC in early July, but we have so far been waiting for the final doc to be published for weeks now with nary a murmur.