CB Insights - TikTok's 45-day countdown

Hi there,

This week in data, we've got an $18.5B acquisition, a 73% YoY drop in revenue, and 11 new emperor penguin colonies. Check it out below.

$18.5B: Telehealth giant Teladoc is acquiring health monitoring platform Livongo, which provides services for managing chronic conditions like diabetes, for $18.5B. Telehealth has gained momentum amid the pandemic, with deals to startups in the space up 23% quarter-over-quarter in Q2’20. Read more in our latest State Of Healthcare Report. 

5x: HR tech startup Rippling became a unicorn after raising a $145M mega-round at a valuation of $1.35B — a 5x increase in valuation since its last disclosed funding round just over a year ago. Rippling is one of the high-momentum startups on our list of 2020 Future Unicorns, made in partnership with Fast Company. See our 49 other unicorn predictions here.  

-73%: Uber reported that revenue from its ride-hailing business was down 73% year-over-year amid the Covid-19 pandemic. Meanwhile, sales from its delivery business were up by 113% over the same period. We look at how the pandemic is reshaping industries like food services in this report.

45 days: President Trump issued executive orders that would ban transactions between the US and 2 China-based tech companies, TikTok's parent company Bytedance and WeChat owner Tencent. The move is scheduled to take effect in 45 days, increasing pressure on ByteDance to sell TikTok to a US-based company. Microsoft is already in acquisition talks. See how TikTok helped ByteDance become the most valuable unicorn in the world in this report.
 

730,000 square feet: Facebook leased all 730,000 square feet of office space in the 107-year-old James A. Farley Building in the heart of Manhattan — a sign of confidence in the future of office space in major cities even as the pandemic continues to keep many workers home. We dig into the tech that could help reopening efforts and influence the future of offices in this report. 

$35M: Syntiant, a CB Insights AI 100 startup, raised $35M in a round led by Microsoft’s venture fund M12 and Applied Ventures. The company is developing low-power artificial intelligence processors for applications like voice-based interfaces on mobile devices. 
 

+1 agtech unicorn: Farmers Business Network, an agricultural data analytics company, became a unicorn after raising $250M at a valuation of $1.75B. From indoor farming to aerial monitoring to field intelligence, tech is reshaping the agricultural landscape. We look at  50+ startups applying AI to farming in this client-only market map. 

$50M: Virtual mental health platform Ginger raised $50M in fresh funding. Deals to mental health startups reached a record high last quarter, as discussed in our Q2’20 State Of Healthcare report. Clients can read more about  the trends and tech shaping the future of the space in this analysis.  

11 emperor penguin colonies: A new study used high-resolution satellite imagery to find 11 additional emperor penguin colonies, bringing the total confirmed number to 61. The researchers estimated that the additional emperor penguin groups could increase the total known population by up to 10%, but also warned that these newly-discovered colonies are located in areas highly vulnerable to the effects of climate change.

I love you.

Is it sacrilegious for today’s teens to not know “No Diggity”?