India-focused messaging startup Gupshup raises $240M in Tiger Global Management led funding round

Ahead of its potential IPO in 2022, India-focussed Silicon Valley messaging startup Gupshup said, it had raised $240 million in a funding round that was led by Tiger Global Management and others. While investment from venture capitalists is typically used for hiring engineers or expanding sales and marketing, buy-back deals allow investors, in the startup,…

Ed-tech startup Class Technologies Inc raises $105M in latest funding round

On Wednesday, in a statement Class Technologies Inc said, it has raised $105 million in a funding round that was led by SoftBank Group Corp’s Vision Fund 2. Class Technologies Inc makes tools for Zoom Video Communications Inc’s platform to enhance online classes. Class Technologies Inc, an educational tech startup was created by Michael Chasen…

Cloud Security firm Netskope valued at $7.5 billion, raises $300M in latest funding round

In a statement cloud security firm Netskope said, it was valued at $7.5 billion in its latest funding round led by existing investor ICONIQ Growth, wherein it raised $300 million. Other large existing investors of the company, including Accel, Lightspeed Venture Partners, Base Partners, Sequoia Capital Global Equities, Geodesic Capital, and Sapphire Ventures also participated…

Danish fintech platform Pleo raises $150M in latest funding round, valued at $1.7 billion

On Tuesday, Pleo, a Danish fintech platform which offers expense management tool and smart company cards, said it had raised $150 million from U.S. investment firms Bain Capital Ventures and Thrive Capital in its latest funding round which valued it around $1.7 billion. The company has more than 17,000 customers across Denmark, Sweden, Germany, the…

China-based WeRide deepens tech partnership with Nissan Motor

On Wednesday, in a statement, China-based autonomous driving startup WeRide, said will deepen its autonomous driving technology partnership with Nissan Motor and aims to raise $310 million in a new funding round which chasing a valuation of $3.3 billion. Guangzhou-headquartered WeRide, which is testing vehicles in California, did not disclose details on the size of the…

Carro is Singapore’s latest unicorn following latest funding round

On Tuesday, Southeast Asian online automotive marketplace Carro said, it has raised $360 million in its latest funding round that was led by SoftBank Vision Fund 2, becoming the region’s latest unicorn. “The valuation for the company is well over a billion dollars,” said Carro, Aaron Tan, the CEO and founder of Singapore-headquartered Carro. Carro…

Electric-truck startup Rivian Automotive Inc chasing $70 billion valuation in potential IPO

Rivian Automotive Inc, an electric-truck startup is targeting a valuation of around $70 billion in its potential initial public offering later this year. Earlier this year in January, Amazon.com Inc and Ford Motor Co-backed Rivian had a valuation of $27.6 billion, following a $2.65-billion investment round led by T. Rowe Price. Rivian has hired advisers including…

China based autonomous driving startup WeRide valued at $3.3 billion in latest funding round

In a statement, WeRide, a China-based autonomous driving startup which is backed by Renault, Nissan, and Mitsubishi Motors  said, it has raised “hundreds of millions” of dollars in its latest funding round which valued it at $3.3 billion. Guangzhou, China headquartered WeRide however did not disclose details on the size of the funding. In a…

Analog artificial chip startup Mythic raises $70M in latest funding round

In a statement, Mythic, a startup which makes artificial intelligence chips for use in gadgets such as smart home devices or security cameras said, it has raised $70 million in its latest funding round. Redwood City, California-based Mythic uses analog technology for its chips rather than digital; While digital chips process and store data in…