Reuters News
Co-working space startup WeWork has set up a Chinese unit, with the help of a $500 million investment from China's Hony Capital and Japan's SoftBank Group Corp, to tap into a booming demand for shared office space in the world's No.2 economy, Reuters reported.
Callsign Inc, a startup that had developed technology to help users access websites more securely, has raised $35 million from investors including Accel, PTB Ventures and NightDragon Security, the firm of former McAfee chief executive David DeWalt, , Reuters reported.
Nomura Holdings Inc said on Thursday it would tender to sell its shares in Jafco Co through a share buyback with the venture capital firm, as the brokerage looks to deploy its capital more efficiently, Reuters reported.
Software startup Slack Technologies Inc is raising $250 million in a new funding round, according to people familiar with the matter, boosting the company's valuation as Silicon Valley companies enjoy a surge in venture capital investments, Reuters reported.
Ride-hailing firm Grab expects to raise $2.5 billion to spend extending its lead over Uber Technologies Inc [UBER.UL] and expanding into financial services, in the latest injection of funds into Southeast Asia's burgeoning tech scene, Reuters reported.
Cyber-security startup StackRox said on Tuesday it has raised $14 million in a Series A funding round led by Sequoia Capital, providing the three-year old company with funds to use for product development and expansion of its sales team.
Uber and Yandex, the "Google of Russia," have agreed to combine their Russian ride-sharing businesses, with Yandex becoming the leading partner in a deal that extends to five neighboring markets, Reuters reported.
Not all founders of tech companies have been coding since they could clutch a sippy-cup. Ryan Holmes, the 42-year-old founder and CEO of the Canadian social-media management platform Hootsuite, had an off-the-grid upbringing that saw him tending to animals instead of web pages. For the latest in Reuters' "Life Lessons" series, Holmes spoke about how he transitioned from farm boy to running a company that is said to be at or near "unicorn"-level valuation of more than US$1 billion.
Razer Inc, a gaming hardware maker backed by Intel Corp and Hong Kong billionaire Li Ka-shing, plans to go public toward the end of October in an IPO that will value the company at up to $5 billion, a source told Reuters.
The "global banking alternative" Revolut has raised $66 million in a fund-raising round, the start-up said on Wednesday, in the latest sign that London is so far weathering Brexit to remain a global financial-technology center.