Your Weekly Recap of Everything You Can’t Miss from the World of Startups
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This Week’s Highlights
Exciting Fundraising News and Exits
This week, we brought you some exciting fundraising news from around the world, along with some exits. However, if you’re looking for tech IPOs, you’ll have to look at India. Meanwhile in the U.S., startups could help data centers reduce their environmental impact.
Most Interesting Startup Stories of the Week
Exits and New Beginnings
Open space: Table Space, an Indian startup that provides managed workspaces, is planning to go public next year at a $2.5 billion valuation, according to sources. As TechCrunch’s Manish Singh noted, "the Indian market has delivered more tech IPOs this week than the U.S., with valuation multiples approaching all-time highs in the South Asian market."
Acquisitions and Mergers
Trail mix: Cybersecurity unicorn Cyera made its first acquisition with Trail Security, a data loss prevention startup it bought for $162 million in cash and shares. Cyera is also looking to raise more funding for itself – some $200 million at a valuation nearing $3 billion, sources confirmed.
Engaging and Analytics
Engaging: Analytics software company Amplitude bought Command AI, a San Francisco-based app user engagement startup previously known as CommandBar. Most of its team of 30 people will be joining Amplitude, which went public on the Nasdaq in 2021. The deal was priced at "north of $45 million," a source told TechCrunch.
Fintech Struggles
Fintech struggles: CapWay, a fintech startup that was part of Y Combinator’s summer 2020 cohort, is no more. Its goal was to bring financial services to "banking deserts."
Most Interesting Fundraises This Week
Making Data Centers More Efficient
Making data centers more efficient is a promise that keeps attracting funding, but capital also flew to other interesting startups in a variety of sectors and countries.
Reaction time: X-Energy, a nuclear tech startup, raised $500 million in Series C-1 funding led by Amazon’s Climate Pledge Fund. This comes at a time when the world is grappling with environmental concerns and the need for sustainable energy solutions.
Other Notable Fundraises
- Cybersecurity: Cyera, a cybersecurity unicorn, raised $200 million in funding at a valuation nearing $3 billion.
- Analytics: Amplitude, an analytics software company, acquired Command AI, a San Francisco-based app user engagement startup.
- Fintech: CapWay, a fintech startup that was part of Y Combinator’s summer 2020 cohort, shut down its operations.
Europe and North America
Europe has been at the forefront of innovation in recent years, with many startups making headlines for their cutting-edge technologies and innovative business models. In North America, there is a growing interest in fintech and cybersecurity startups.
Fundraising Trends
Startups in both regions are seeing an increase in funding, with a focus on sustainability, AI, and cybersecurity.
Topics Covered This Week
- Europe
- Fundraising
- Newsletter
- North America
- Startups
- Venture Capital
