Affordable broadband services across the globe, at the core stakes last week with nearly $500M captured in funding.
The streamlined access to broadband services across the globe is a great concern
within the digital industry. The stakes are huge beyond related challenges
progressively overcame by groundbreaking technologies and projects.
Last week for instance, OneWeb, a London-based startup building a satellite system to provide affordable broadband services across the globe, raised $500M / Series A.
The company will
begin launching satellites in 2017 and plans to be providing Internet services
by 2019.
Overall the digital economy has captured
nearly $1.395B in funding.
$3.0M / Series A for
Digital Genius that provides an artificially
intelligent communication solution for large companies to engage with their
customers on a personalized level.
Investors include : RRE Ventures, Lerer Hippeau Ventures, Metamorphic
Ventures
and others.
$9.0M / Series A for
CropX ,an agriculture analytics company that
helps farmers optimize irrigation and minimize water consumption. Launching
today, CropX will use the funding to expand its reach.
Investors include: Innovation
Endeavors, OurCrowd, Finistere
Ventures and others.
$70M / Series D for
Dollar Shave Club with
its personal grooming products to
its online subscribers every month. Founded in 2012, Dollar Shave Club has
raised $142M to date.
Major Investors include: Venrock, Forerunner
Ventures and Dragoneer
Investment Group.
$9.0M / Series A for
VenueNext, that
works to change the way fans experience live
venues, from mobile ordering to in-stadium directions. Founded in 2013,
VenueNext will use the funding to expand.
Investors include: Causeway
Media Partners, Twitter
Ventures and Live Nation
Labs.
$25M / Series B for
HackerOne that
enables security response teams to
build effective vulnerability coordination programs. HackerOne has uncovered
almost 10,000 vulnerabilities.
Investors include: New
Enterprise Associates, Benchmark , David Sacks and others.
$175M / Series D for
Credit Karma that offers
free access to credit reports and
scores, personalized financial recommendations and educational resources.
Founded in 2007, Credit Karma has raised $368M to date.
Investors include: Tiger Global
Management,
Viking Global
Investors
andValinor
Management.
$24M / Series B for
Automatic; a smart driving assistant that can save
you money on gas. The close of this Series B round brings Automatic's total
funding to $32M.
Investors include: Y Combinator,
Comcast
Ventures, Anthemis
Group and others.
$25M / Series B for
Curbside that
develops a mobile app that allows
shoppers to buy from local retailers like Target and Best Buy and pick up items
curbside. Curbside will use the new funding to expand to new stores.
Investors include: Index
Ventures, Qualcomm
Ventures, Sutter Hill
Ventures and more.
$84M / Venture for
Checkmarx that
develops static code analysis tech
that can identify security vulnerabilities within an application's source code.
The new capital will power product innovation and global expansion.
Investors include: Insight
Venture Partners
$80M / Series D for
Postmates; an urban logistics and delivery platform
that allows users to ship any item within the city for same-day delivery.
Founded in 2011, Postmates is henceforth valued at nearly $500M.
Investors include: Tiger Global
Management and Slow Ventures.
$400M / Series E for
WeWork; that
provides shared office space to
small companies and tech startups across the country and in some global
locations. WeWork has raised $969M to date and is valued at $10B.
Investors include: T. Rowe Price, Fidelity
Investments and JP Morgan
Chase & Co.
$500M / Series A for
OneWeb; a
London-based startup building a
satellite system to provide affordable broadband services across the globe.
The company will begin launching satellites in 2017 and plans to be providing
Internet services by 2019.
Among major Investors: Qualcomm, Coca-Cola
Founders, Virgin Group and others.
