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Thinking about buying a NordicTrack for any reason at all, like, maybe as a holiday gift for your parents? Learn from our mistake and DO NOT DO THIS. (If we're able to save even one of you, we will consider this a success.)
We don't have a podcast this week -- it was a little too hectic -- but we do have lots of photos from last night's event, courtesy of our wonderful photographer, Dani Padgett. You can also catch us getting the program underway with our co-host in the evening -- and noise-and-crowd-control expert -- Lior Susan of Eclipse Ventures.:)
We have much more to come from evening's interviews. In the meantime, hope you have a terrific weekend, everyone. More Monday.:)
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Johnson & Johnson intends to separate its high-margin prescription-drugs and medical-devices business from its storied but slower-growing consumer group, creating two publicly traded companies.
Taproot, a highly anticipated upgrade to bitcoin, is expected to go into effect in the coming days and possibly as soon as tomorrow, says CNBC. It explains what's happening here.
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* Applied Intuition, a four-year-old, Sunnyvale, Ca.-based company that was founded by Google veterans and makes software development tools for automotive engineers, has raised $175 million in Series D funding co-led by Addition, Coatue, and serial entrepreneur Elad Gil. The company has now raised $350 million altogether from investors and is valued at $3.6 billion, says Bloomberg. More here.
* Cerebras Systems, a six-year-old, Sunnyvale, Ca.-based AI chipmaker, has raised $250 million in Series F funding at a valuation north of $4 billion. Abu Dhabi Growth Fund and Falcon Edge Capital co-led the round, joined by Altimeter, Benchmark, Coatue, Eclipse Ventures, Moore Strategic Ventures and Vy Capital. VentureBeat has more here.
* Contrast Security, a seven-year-old, Los Altos, Ca.-based developer of code security tools, has raised $150 million in Series E funding. Liberty Strategic Capital led the round, joined by earlier investors Warburg Pincus, Battery Ventures, General Catalyst, M12, AXA Venture Partners and Acero Capital. VentureBeat has more here.
more here.
* ControlUp, an 11-year-old, San Jose, Ca.-based desktop computing performance monitoring company, has raised $100 million in fresh funding co-led by earlier backers K1 Investment Management and JVP. TechCrunch has more here.
* CoreWeave, a four-year-old, New York-based cloud infrastructure company that aims to provide computing resources for blockchain and projects, has raised $50 million from Magnetar Capital. VentureBeat has more here.
* GoTo Group, an Indonesian tech giant formed via the merger of ride-hail firm Gojek and e-commerce platform Tokopedia, just raised more than $1.3 billion in pre-IPO funding led by ADIA, with participation from Avanda Investment Management, Fidelity International, Google, Permodalan Nasional Berhad, Primavera Capital, SeaTown Master Fund, Temasek, Tencent and Ward Ferry. TechCrunch has more here.
* Pendo, a 7.5-year-old, Raleigh, N.C.-based customer analytics platform, approved $110 million in secondary share sales to Thoma Bravo. The transaction comes less than four months after Pendo announced a $150 million tranche of funding at a $2.6 billion valuation. VentureBeat has more here.
* Shasqi, a six-year-old, San Francisco-based developer of chemotherapy-boosting treatments (it's also a YC alum), raised $50 million in Series B funding from Arcus Biosciences, among others. FierceBiotech has more here.
* Workato, an eight-year-old, Mountain View, Ca.-based business automation integration platform, raised $200 million in Series E funding at a $5.7 billion valuation. Battery Ventures led the round, joined by Insight Partners, Altimeter Capital and Tiger Global. TechCrunch has more here.
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| Big-But-Not-Crazy-Big Fundings |
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* AppliedVR, a six-year-old, Van Nuys, Ca.-based immersive therapeutics startup, has raised $36 million in Series B funding from F-Prime Capital, JAZZ Venture Partners, Sway Ventures and SVB Ventures. FierceHealthcare has more here.
* Houm, a three-year-old, Santiago, Chile-based home rental and sales platform, has raised $35 million in Series A funding led by Goodwater Capital, with participation Fen Ventures, Broadhaven, investor Rahul Mehta, Fifth Wall, and earlier backers, including OneVC and serial entrepreneur Elad Gil. TechCrunch has more here.
* Knak, a six-year-old, Ottawa, Ontario-based email and landing page creation platform built for enterprise marketing teams, has raised $25 million in Series A funding led by Insight Partners. VentureBeat has more here.
* Nuritas, a seven-year-old, Dublin, Ireland-based developer of plant-based bioactive peptides, has raised $45 million in Series B funding. Cleveland Avenue led the round, joined by Grosvenor, ECBF, Vertex Holdings, Nutresa Ventures, Cultivian SandBox Ventures and VisVires New Protein. The company has now raised $75 million altogether. Endpoints News has more here.
* Ometria, an eight-year-old, London-based customer data and marketing platform that aims to help retailers increase their CRM revenue, just raised $40 million in Series C funding. InfraVia Growth led the round, joined by Octopus Ventures, Sonae IM, Summit Action, Adjuvo and Columbia Lake Partners. TechCrunch has more here.
* Puls Technologies, a nearly three-year-old, Livermore, Ca.-based on-demand home appliance repair and insurance service, has raised $15 million led by Hanaco VC. TechCrunch has more here.
* TreeDots, a 3.5-year-old, Singapore-based B2B marketplace for reducing food waste, just raised $11 million in Series A funding co-led by Amasia and East Ventures. AgFunder has more here.
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* CloudQuery, a 10-month-old, Tel Aviv, Israel-based cloud infrastructure visibility tool, raised $3.5 million in seed funding. Boldstart Ventures led the round, joined by Work-Bench, Mango Capital and Haystack. TechCrunch has more here.
* Framework, an 11-month-old, London-based on-demand business school focused on how to grow a startup, has raised $2 million in seed funding from LearnStart, Atomico and Ada Ventures. TechCrunch has more here.
* Root, a five-year-old, Cape Town, South Africa-based digital insurance program, has raised $3 million in seed funding from Infenfin, Base Capital, Savannah Fund, P1 Ventures, Luno and FireID. TechCrunch has more here.
* Videra Health, a two-year-old, Orem, Ut.-based remote patient monitoring video platform for behavioral health, has raised $3 million in seed funding. Peterson Ventures led the round, joined by Rose Park Advisors and OATV. More here.
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Steve Goldberg, who spent nearly 11 years as an operating partner at Venrock, has joined Finistere Ventures, a venture firm focused on the global food ecosystem, as a partner. More here.
“I hope they’re able to achieve high production & breakeven cash flow. That is the true test,” Elon Musk tweeted yesterday about Rivian, which, fresh off a $12 billion IPO, is reportedly investing in a wide array of expansion projects, including a site for a stand-alone battery factory and new vehicle-assembly plants.
Paris Hilton says, "I do," to VC Carter Reum.
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Rue Gilt Groupe, which operates discount luxury fashion e-tailers RueLaLa and Gilt, filed today with the SEC to raise up to $100 million in an initial public offering. Renaissance Capital has more here.
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Tesla has hiked the price of its Model Y eight times this year. Where it was selling the Model Y Long Range for just $50,000 at the start of 2021, it's now $9,000 more expensive.
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She gets $1.7 million. Sam Lessin's venture firm gets 5% of her creator earnings for 30 years (“it's def not indentured servitude,” he says). Vice has the story here.
Contract lawyers face a growing invasion of surveillance programs that monitor their work. More of us may be next.
Some compare it to a giant dentist’s drill, others to a fleet of helicopters taking off in their backyards. It's the sound of bitcoin mining.
"While TikTok to date has been an app where you could largely expect never to run into annoying uncles, ex-boyfriends, or coworkers, the platform is now making a greater effort to connect users to people they already have relationships with outside the platform," reports Wired. The development is raising privacy concerns about the tactics the app uses to establish who users know.
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A new cable prototype fully charges an EV in five minutes.
New clues to the biology of long COVID.
Will real estate ever be normal again?
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These might get you thrown headfirst into a snowbank, but we like them(?).
Vacation like Karl Lagerfeld.
Did we mention that you should never buy a piece of NordicTrack equipment? Because the company does still exist, alas.
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