Category: Fundings and Exits

Korea’s Yello Mobile Raises $47M More At A $4B Valuation Led By Formation 8

Korea’s Yello Mobile has made a name for itself raising $100 million and using it to hoover up more than 60 startups to build a mobile apps business, which now serves 18 million users. Now, the startup is raising again: Yello Mobile has racked up another $47.2 million in funding, led by existing investor Formation 8 — financing that is being done as convertible…

Artificial Intelligence Non-profit OpenAI Launches With Backing From Elon Musk And Sam Altman

Today, OpenAI, a non-profit artificial intelligence research company was announced to the world. Its director is a research scientist at Google, Ilya Sutskever. This comes a day after Facebook open-sourced its AI hardware. Its reason for existing was explained in an introductory post: Our goal is to advance digital intelligence in the way that is…

Worst Year For Tech IPOs Since 2009

With just 28 technology companies entering the U.S. public markets, 2015 was the worst year for IPOs since 2009, according to Dealogic. This compares to 62 last year and 48 the year before, with 131 “unicorns” opting to remain private longer. “We haven’t seen so few tech IPOs since the 2008-09 U.S. financial crisis,” notes…

Hipchat-Maker Atlassian Prices IPO at $21

It’s the last big tech IPO of the year. Atlassian has just priced at $21 per share, above the expected range of $19 to $20. Releasing 22 million shares, the company is raising $462 million. The Australian-based software company has a suite of enterprise products including Slack competitor HipChat, JIRA, and Confluence. 2015 has been a…

TRData Wants To Be ‘Bloomberg For Emerging Markets’

TRData, a London-headquartered startup with a development team based in Ukraine and the majority of customers in Russia, makes for an interesting European tech story. The company, which has recently gone through 500 Startups’ London ‘Distro Dojo’ growth hacking program, is building something akin to a “Bloomberg for emerging markets”. It offers traders access to…