Maria Deutscher
Latest from Maria Deutscher
Chargebee raises $250M at $3.5B valuation for its subscription management platform
Startup Chargebee Inc. is now worth $3.5 billion, more than double the valuation it received last April, after closing a $250 million funding round led by Tiger Global and Sequoia. Chargebee said in its announcement of the investment today that a number of existing backers, including Insight Partners, Sapphire and Steadview Capital, participated as well. ...
Google and Microsoft back new industry initiative to fix open-source vulnerabilities
The Open Source Security Foundation, an industry group backed by some of the world’s largest tech firms, today launched a new initiative focused on finding and fixing vulnerabilities in open-source software. The initiative is known as the Alpha-Omega Project. It’s launching following a meeting at the White House where officials from major tech firms, federal ...
Sony to acquire video game developer Bungie for $3.6B
Sony Interactive Entertainment LLC today announced plans to acquire Bungie Inc., a major video game developer, for $3.6 billion. The transaction represents the third multibillion-dollar acquisition of a video game company since the start of the year. Sony Interactive Entertainment is Sony Group Corp.’s video game business. The Tokyo-based conglomerate has a presence in several ...
BlackBerry to sell noncore patents for $600M
BlackBerry Ltd. today announced that it is selling a portfolio of patents related to mobile devices, messaging software and networking technology in a transaction valued at $600 billion. The buyer is Catapult IP Innovations Inc., a Delaware-incorporated investment vehicle set up specifically to acquire the patents BlackBerry is selling. Catapult IP Innovation is financing most ...
Pennylane raises $57M for its cloud-based accounting platform
Paris-based accounting software startup Pennylane today disclosed that it has raised 50 million euros, or about $57 million, in funding from a group of investors led by Sequoia Capital. The investment is the latest in a series raised by startups developing tools to automate companies’ accounting operations. Pennylane’s newly announced Series B financing round brings ...
Google will invest up to $1B in India’s Bharti Airtel
Google LLC today announced plans to invest up to $1 billion in Bharti Airtel Ltd., one of India’s largest telecommunications providers. The search giant will make the investment through the $10 billion Google for India Digitization Fund that it launched in 2020. Google previously purchased a 7.73% stake in mobile network operator Jio Platforms Ltd., ...
Google Cloud forms digital assets team to help customers build blockchain apps
Google LLC is forming a digital assets team to help customers of its cloud platform build blockchain-based applications, the company announced on Thursday. Richard Widmann, head of strategy for digital assets at Google Cloud, told CNBC that the company plans to hire a “slew of people with blockchain expertise” as part of the effort. The ...
Rapid grocery delivery startup Zapp raises $200M
Rapid grocery delivery provider Zapp today announced that it has closed a $200 million funding round, the second nine-figure investment raised by the startup since its launch in 2020. Lightspeed Venture Partners, 468 Capital and BroadLight Capital led the Series B round. Formula One driver Lewis Hamilton, Atomico, Burda and Vorwerk Ventures participated as well. ...
Portnox raises $22M for its cloud-based network security platform
Network security startup Portnox, officially Access Layers Ltd., today announced that it has closed a $22 million funding round to support growth initiatives. Elsewhere Partners led the Series A investment. A large company’s corporate network can include upwards of thousands of devices ranging from employee workstations to “internet of things” systems such as factory sensors. ...
Meta-backed Diem cryptocurrency initiative is reportedly winding down
The Diem Association, a consortium launched by Meta Platforms Inc. to develop a blockchain-based payment system, is reportedly winding down its operations. The Wall Street Journal reported late Wednesday that the Diem Association plans to sell its assets to Silvergate Capital Corp. for about $200 million. Silvergate Capital is a La Jolla, California-based bank best ...