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Showing posts from June, 2021

Gartner survey of public cloud services in 2020: AWS had $26.2B in revenue, up ~29% and a 41% share overall, followed by Azure with $12.7B in revenue, up ~60% (Jonathan Greig/ZDNet)

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Jonathan Greig / ZDNet : Gartner survey of public cloud services in 2020: AWS had $26.2B in revenue, up ~29% and a 41% share overall, followed by Azure with $12.7B in revenue, up ~60%   —  Amazon led the market with $26.2 billion of revenue in 2020 from IaaS public cloud services.  —  According to new data released … from Techmeme https://ift.tt/3qz2pnk

Shogun, which helps e-commerce businesses build their storefronts on platforms like Shopify, raises $67.5M Series C led by Insight Partners at a $575M valuation (Ingrid Lunden/TechCrunch)

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Ingrid Lunden / TechCrunch : Shogun, which helps e-commerce businesses build their storefronts on platforms like Shopify, raises $67.5M Series C led by Insight Partners at a $575M valuation   —  E-commerce marketplaces continue to play a major role in how consumers buy goods online and how retailers show off and sell goods … from Techmeme https://ift.tt/3w3ZEeJ

Noname Security, which automatically discovers and remediates API vulnerabilities, raises $60M Series B led by Insight Partners, bringing total raised to $85M (Kyle Wiggers/VentureBeat)

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Kyle Wiggers / VentureBeat : Noname Security, which automatically discovers and remediates API vulnerabilities, raises $60M Series B led by Insight Partners, bringing total raised to $85M   —  Where does your enterprise stand on the AI adoption curve?  Take our AI survey to find out.  —  Noname Security … from Techmeme https://ift.tt/3jpUTtm

Sources: Didi raised at least $4B in its US IPO, giving it a market capitalization of at least $67B (Financial Times)

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Financial Times : Sources: Didi raised at least $4B in its US IPO, giving it a market capitalization of at least $67B   —  IPO values China ride-hailing giant at over $67bn as its domestic dominance comes under scrutiny  —  China's ride-hailing app Didi Chuxing will make its debut on the New York Stock Exchange … from Techmeme https://ift.tt/3qDaDdT

Seoul-based Mathpresso, maker of AI-based K-12 mobile learning app QANDA, raises $50M Series C from investors including GGV, bringing its total raised to $105M (Quynh Nguyen/DealStreetAsia)

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Quynh Nguyen / DealStreetAsia : Seoul-based Mathpresso, maker of AI-based K-12 mobile learning app QANDA, raises $50M Series C from investors including GGV, bringing its total raised to $105M   —  Seoul-based edtech startup Mathpresso has raised $50 million in a Series C funding round from a group of investors … from Techmeme https://ift.tt/3qIYqVm

Watch Virgin Orbit’s first rocket launch live stream

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Virgin Orbit is set to launch a payload that includes satellites it’s delivering for tis first commercial customers. The launch is set to happen sometime within a launch window that opens at 6 AM PT (9 AM ET) and continues through 8 AM PT (11 AM ET), taking off from the Mojave Air and Space Port in California. This is the first mission following Virgin Orbit’s successful orbital demonstration launch in January, and also the first that the company will be live-streaming, providing never-before-seen views of its carrier aircraft and the mid-air launch of its LauncherOne two-stage rocket as they happen. Virgin Orbit’s launch system uses a modified 747 to carry its small rocket to a high altitude, where it releases the rocket from the aircraft’s wing, which then ignites its own engines and flies the rest of the way to its destination in low-Earth orbit (LEO). Virgin’s approach is very different from the traditional vertical rocket launch employed by companies like SpaceX and Rocket Lab...

Dream Games raises $155M at a $1B valuation as its Royal Match puzzle game hits a royal flush

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Istanbul in Turkey continues to prove itself as very fertile ground for casual gaming startups, which appear to be growing from small seedlings into sizable trees. In the latest development, Dream Games — a developer of mobile puzzle games — has raised $155 million in funding, a Series B that values the startup at $1 billion. This is a massive leap for the company, which raised $50 million (the largest Series A in Turkey’s startup history) only 3.5 months ago. This latest round is being co-led by Index Ventures and Makers Fund, with Balderton Capital, IVP and Kora also participating. It also comes in the wake of a bigger set of deals in the world of gaming and developers in Turkey, the most prominent of which saw Zynga acquire Peak Games for $1.8 billion , amid other acquisitions. Dream is one of several startups in the region founded by alums from Peak. The focus of the funding, and currently of Dream Games itself, is Royal Match, a puzzle game ( iOS , Android ) that launched glob...

Noname Security closes $60M Series B to eliminate API flaws

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Enterprise API security startup Noname Security has raised a $60 million Series B funding round, just six months after closing $25 million at Series A.   The round was led by Insight Partners with Next47, Forgepoint, and The Syndicate Group (TSG) also participating, and brings Noname’s total funding to $85 million since emerging from stealth in December 2020. The startup, which currently has a 70-strong workforce and offices in Palo Alto and Tel Aviv, says it raised rapidly due to the fact the pandemic has fueled a growing dependence on APIs. Naturally, this proliferation of APIs has led to an increase in the number of API security incidents. Earlier this year, for example, an Experian API exposed the credit scores of nearly every American with one, and just weeks later a leaky Peloton API allowed anyone to grab users’ private account data directly from the company’s servers. Facebook , LinkedIn , Echelon , and Clubhouse have also fallen victim to scraping attacks that abuse a...

Shogun, a front end e-commerce page builder, nabs $67.5M as retailers look for alternatives to marketplaces

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E-commerce marketplaces continue to play a major role in how consumers buy goods online and how retailers show off and sell goods to those consumers, accounting globally for 47% of all e-commerce sales . But today, one of the startups that has built technology to help retailers build and run more direct relationships — by way of zippy websites of their own — is announcing a big round of growth funding, a sign that the marketplace model is not for everyone, and that those catering to those retailers are finding traction. Shogun — a platform to help e-commerce businesses of all sizes built on platforms like Shopify, Magento and BigCommerce easily design and run their own responsive storefronts — has raised $67.5 million. This Series C values Shogun at $575 million, a “nice markup” on its previous valuation, said Finbarr Taylor, the company’s co-founder and CEO, in an interview. He added that the capital will be used both to continue building out its two main products — Page Builder , ...

Apple and Snap partner JigSpace, the ‘Canva for 3D,’ raises a $4.7M Series A

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When former Art Director Zac Duff started teaching a game development course online in 2015, he faced the same challenges that teachers around the globe have become all too familiar with after a pandemic-induced lockdown. So, he used his experience in 3D design to build a virtual reality classroom to make remote learning more engaging for his students. Instead of entering yet another Zoom lecture, the school gave students VR headsets to transport themselves to the Ancient Greek-inspired classroom that Duff built. Still, Duff knew that this learning model couldn’t be easily scaled — most schools don’t have VR headsets to send out, and most teachers don’t have over a decade of game design experience to whip up a classroom with green fields and butterflies (yes, Duff made that). But he saw that there was potential for a user-friendly program that lets anyone create 3D presentations and share information in AR. “Right at the center of it is knowledge transfer. It’s about one person givin...

Sustainable tech developer Turntide Technologies raises $225M

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Turntide Technologies, a sustainable technology developer, has announced $225 million in convertible note financing that it says will help fund projects to reduce carbon emissions in the commercial buildings, agriculture and transportation industries. Canadian Pension Plan Investment Board led the round, along with Monashee Capital Inc. and current investor JLL Spark. Other participating investors include Breakthrough Energy Ventures, Millennium Management and Suvretta Capital Management, bringing Turntide’s total funding to $400 million. Convertible note financing is short-term debt that will convert to equity in the form of shares of preferred stock which Turntide says will happen at a future determined valuation. “The addition of a major national pension fund fortifies Turntide with permanent capital as we expand into new markets like electrified transport,” said Ryan Morris, Turntide’s chairman and CEO, in a statement. Earlier this month, Turntide announced the acquisition of H...