ould have been easy for Atlassian to believe that the former unicorn, Loom, was undervalued when it announced its intention to acquire Loom video messaging app for $975 millions last week. Comparing 2021 valuations with the reality of 2023 is not a fair comparison, as the dynamics between investors, their portfolio companies, and the deal…
Block, the Jack Dorsey-founded fintech company previously known as Square, has acquired Hifi, a music-focused fintech startup. Hifi founder and CEO Damian Manning announced the news in a LinkedIn post yesterday. The company also updated its website, which states that it’s joining Block to “further our shared purpose of economic empowerment with the financial technologies…
Atlassian announced this morning that it is acquiring video messaging service Loom for $975 million, the same company that had a $1.53 billion valuation in May 2021 when it announced a $130 million Series C. That was when companies were still thinking about all work being cloud-based and the future looked oh so bright. As…
AMD yesterday acquired Nod.ai, an open source AI software provider, as the chipmaker looks to bolster its efforts to build an ecosystem of AI development tools, libraries and models around its hardware. The acquisition is expected to close this quarter, CNBC reports. AMD didn’t disclose the details of the transaction. In a press release, AMD…
Arctic Wolf, a cybersecurity company that’s raised hundreds of millions of dollars in debt and equity, today announced that it plans to acquire Revelstoke, a company developing a security orchestration, automation and response (SOAR) platform, for an undisclosed amount. In a blog post, Arctic Wolf chief product officer Dan Schiappa said that the acquisition would…
Getsafe, a German-based digital insurtech startup, has acquired the German portfolio of Luko, a French insurtech startup that recently neared insolvency before agreeing to be acquired by British insurer Admiral Group in a transaction that didn’t include its German or Spanish operations. Getsafe is now present in four countries since its expansion into France. Luko’s own…
AI-powered parking platform Metropolis today announced that it raised $1.7 billion to acquire SP Plus, a provider of parking facility management services, in a combination of equity and debt. Eldridge Capital and 3L Capital co-led the tranche with participation from BDT & MSD Partners’ affiliated credit funds, Vista Credit Partners, Temasek, Slow Ventures and Assembly…
In another indication that the market for technology transactions is gathering steam, Cisco announced last month its intention to buy Splunk for $28 billion. The networking company is spending a nontrivial fraction of its market capitalization on the transaction, and while Splunk shareholders are cheering the deal and the premium it may bring to their…
French grocery delivery startup La Belle Vie is acquiring Frichti, another food delivery service that was placed under court-ordered receivership. TechCrunch can confirm that the court picked La Belle Vie’s offer over three other offers, as Les Échos reported earlier. This is yet another chapter in the tumultuous story of quick commerce and food delivery…
Two years after announcing voice chat was coming to Roblox, the gaming company has acquired a voice tech startup, Speechly, offering voice chat moderation, real-time transcription and Voice API that lets companies add AI voice technology and voice interfaces to their products and experiences. The Helsinki, Finland-based startup Speechly was founded in 2016 with the…