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BlackRock acquired Preqin for $3.2 Billion, Will Integrate with Aladdin

9Jul By PriyankaNo Comments

ACQUISITION

BlackRock acquired Preqin for $3.2 Billion, Will Integrate with Aladdin

NEW YORK & LONDON - June 30, 2024 - BlackRock, Inc. (NYSE: BLK) has agreed to acquire Preqin, a leading independent provider of private markets data for £2.55 billion or approximately $3.2 billion in cash. Bringing together Preqin’s data and research tools with Aladdin’s complementary workflow capabilities in a unified platform will create a preeminent private markets technology and data provider. The acquisition adds a highly complementary data business to BlackRock’s investment technology, marking a strategic expansion into the fast-growing private markets data segment. Private markets are the fastest growing segment of asset management, with alternative assets expected to reach nearly $40 trillion by the end of the decade. As institutional and wealth investors increase allocation...

Data Management Platform Woflow Raises $3.5M

11Mar By NitishNo Comments

FUNDING

Data Management Platform Woflow Raises $3.5M

SAN FRANCISCO, March 11, 2021-- Woflow, the data infrastructure company behind some of the highest growth online ordering and food delivery platforms raises $3.5M in seed funding to launch the world's first Merchant Data Platform. The platform is a standardized, automated approach to merchant data operations that already powers thousands of interactions a day, through a simple API. The round was led by David Sacks at Craft Ventures with Base10 Partners and Flex Capital participating. Companies including DoorDash, Snackpass, and Chowly already use Woflow to onboard and maintain merchant data on their platforms. The pandemic has accelerated digital transformation across industries including restaurants and local business. This has led to the fast growth of online ordering and deli...

AI startup Databricks Raises $1 billion from Microsoft, Google & Amazon

2Feb By AdityaNo Comments

FUNDING

AI startup Databricks Raises $1 billion from Microsoft, Google & Amazon

San Francisco, Feb 2, 2021: AI startup Databricks raises $1 billion in funding in Series G round from Microsoft, Google and Amazon Web Services. Using this round of funding the startup value soar at a $28 billion valuation. Databricks is an analytics-based cloud computing platform that has 5,000 customers, including 40 percent of Fortune 500 companies. "We see this investment and our continued rapid growth as further validation of our vision for a simple, open and unified data platform that can support all data-driven use cases, from BI (business intelligence) to AI," said Ali Ghodsi, Databricks chief executive and co-founder. "Databricks helps organizations eliminate the cost and complexity that is inherent in legacy data architectures so that data teams can collaborate and ...

RealPage to be Acquired by Thoma Bravo for $10.2 Billion

21Dec By AnkitaNo Comments

ACQUISITION

RealPage to be Acquired by Thoma Bravo for $10.2 Billion

SAN FRANCISCO, 21st December 2020-- RealPage, Inc. (NASDAQ: RP), a leading global provider of software and data analytics to the real estate industry has entered into a definitive agreement to be acquired by Thoma Bravo, in an all-cash transaction that values RealPage at approximately $10.2 billion, including net debt. Under the terms of the agreement, RealPage stockholders will receive $88.75 in cash per share of RealPage common stock upon the closing of the transaction. Upon completion of the transaction, RealPage expects to continue operating under the leadership of Chairman and CEO Steve Winn and the existing RealPage leadership team based in Richardson, Texas. “RealPage’s industry-leading platform is critical to the real estate ecosystem and has tremendous potential going for...

Google Acquire Data Mining Startup Dataform

9Dec By PriyankaNo Comments

ACQUISITION

Google Acquire Data Mining Startup Dataform

London, 9th December 2020: Uk based data analytics platform Dataform is joining Google Cloud, the announcement came from Dataform blog. Dataform will continue to be run and maintained by the same 7 members team under the part of Google Cloud. Launched in 2017 by Guillaume-Henri Huon & Lewis Hemens, Dataform enables entire data to collaboratively develop, test, and share with business on which they make decisions. As part o the deal, Dataform Web will be free for all new users and existing customers will be transitioned onto the free plan immediately. "Throughout our journey we’ve been focused on giving data analysts and data engineers the tools they need to take raw, messy data, transform it, and put it into the hands of their organization. We’ve only just scratched the su...

17Nov By AdityaNo Comments

FUNDING

ActivTrak Raises $50 Million in Funding Led by Sapphire Ventures

AUSTIN, Texas, 17th Nov. 2020-- ActivTrak, a workforce analytics and productivity management software raises $50 million in Series B funding. The funding will use to scale go-to-market activities in sales, marketing, and channels, and expand platform capabilities using AI-driven analytics to help companies better understand and optimize how digital work gets done. With this round, ActivTrak’s raises total $77.5 million in funding. “The move toward remote work has triggered companies to rethink how they measure and analyze employee productivity in today's digital workplace,” said Nino Marakovic, CEO and Managing Director at Sapphire Ventures, who will join ActivTrak’s board of directors. “We're excited to welcome ActivTrak to our portfolio, and to partner with CEO Rita Selvaggi an...

MindTickle raises $100 mn by Softbank Vision Fund 2

16Nov By PriyankaNo Comments

FUNDING

MindTickle raises $100 mn by Softbank Vision Fund 2

Sales readiness platform MindTickle raises $100 million (approximately Rs 745 crore) in a combination of equity and debt financing led by Softbank Vision Fund 2. The existing investors, Norwest Venture Partners, Canaan, NewView Capital, and Qualcomm Ventures, also participated in the round. MindTickle provides data-driven solutions for sales readiness and enablement that fuels revenue growth and brand value for hundreds of companies across the world. MindTickle has offices in Pune, San Francisco, and London. The company will use this new round of funding to accelerate platform activities and expansion of global operations. "As customers become increasingly demanding and remote work becomes more common, organizations realize the need to reskill and upskill their employees on an...

29Oct By AdityaNo Comments

FUNDING

Canvass Analytics Raises $6.5 Million Funding Led by Yamaha Motor Ventures

SILICON VALLEY, Calif., 29th Oct 2020-- Yamaha Motor Ventures, the strategic business development and investment arm of Yamaha Motor, led a USD$6.5 million funding round for Canvass Analytics (Canvass), a global leader in industrial Artificial Intelligence (AI) advanced analytics. The investment in Canvass analytics represents Yamaha Motor Ventures’ strategic focus on innovative technologies that work to solve global, societal challenges including increasing efficiency to reduce environmental impact. Canvass’s vision is to transform manufacturing by empowering the workforce of the future. According to IDC, operational data will increase by 2-3x by 2025, but the MAPI Foundation found that 47% of industrial workforces lacked the digital skills needed to derive value...

Twilio to Acquire Segment for $3.2 billion

12Oct By PriyankaNo Comments

ACQUISITION

Twilio to Acquire Segment for $3.2 billion

SAN FRANCISCO, 12th Oct 2020-- Twilio (NYSE: TWLO) to acquire Segment for approximately $3.2 billion in stock and cash deal. The transaction is expected to close in the fourth quarter of 2020. “Data silos destroy great customer experiences,” said Jeff Lawson, co-founder, and CEO of Twilio. “Segment lets developers and companies break down those silos and build a complete picture of their customer. Combined with Twilio's Customer Engagement Platform, we can create more personalized, timely, and impactful engagement across customer service, marketing, analytics, product, and sales. We are thrilled to welcome Segment to the Twilio team.” The businesses that deliver the best experiences are the ones that know their customers well and use customer data to provide more relevant interaction...

5 Data Analytics Trends That Will Define the Decade

20Jul By AnkitaNo Comments

Tech

5 Data Analytics Trends That Will Define the Decade

With everything that’s been going on in 2020, it’s easy to forget that we’re on the cusp of a new decade. Technology continues to advance, and big data keeps getting bigger perhaps even more so now that many people are stuck at home, using the internet to stay connected more than ever before. Data is proliferating at staggering rate humankind will generate more than 175 zettabytes of data by 2025. Over the next ten years, players big and small are expected to seek ways to implement data science to increase profits and improve operations. Data analytics is a fast-growing and rapidly changing field, but these are some of the most important trends data scientists expect to see in the decade to come. 1) More Smart Stuff It seems like you literally can’t even buy a lightbulb these ...

Biz2Credit raises $52 Million from WestBridge Capital

10Jun By PriyankaNo Comments

FUNDING

Biz2Credit raises $52 Million from WestBridge Capital

New Delhi, 10th June 2019: Biz2Credit Inc, the leading online lending platform that helps banks and other financial institutions manage small and medium enterprises (SMEs) lending processes and makes it easier and faster for SMEs to access working capital, announced that it has completed a Series B capital financing round of $52 million led by WestBridge Capital. This is the second round of equity financing for Biz2Credit; the company was initially funded by Nexus Venture Partners.The funds will be deployed to drive further growth in Biz2Credit’s marketplace lending business and support the continued expansion of Biz2X, the company’s state-of-the-art digital lending platform, through SaaS partnerships with global financial institutions. With live deployments of the Biz2X Platform in four m...

30Aug By Gauri SinghNo Comments

FUNDING

Chicago-based Tempus Raises $110 Million in Series E Funding Round

Chicago-based data analytics startup Tempus has raised funds amounting to $110 million in its Series E funding round. The funding round was led by a new backer Baillie Gifford, a U.K. investment management firm. The other investors who participated in the round included existing investors T. Rowe Price, Revolution Growth and New Enterprise Associates. With the funds raised through this round, the company plans to grow operations outside of the U.S. and also expand into new therapeutic areas other than cancer. This particular round has valued the company to over $2 billion. Following this round, the total funds raised by the company as of now has reached $320 million since its launch. Founded in 2015 by serial entrepreneur Eric Lefkofsky, Tempus is a data analytics company that ...