Startup News: 24th - 30th August 2020

  • 31st Aug'20
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Happy Monday Morning. It's time for the weekly round up. Before we begin the new week, let’s take a look at the startup world related news for the last week.

 

24th August, Monday

 

  • Smartsheet will pay $155M to buy Brandfolder, its fourth and largest acquisition yet

https://www.geekwire.com/2020/smartsheet-will-pay-155m-buy-brandfolder-fourth-largest-acquisition-yet/

  • Blackstone to acquire Ancestry.com for $4.7 billion

https://www.reuters.com/article/us-ancestry-m-a-blackstonegroup-idUSKBN25K0R4

  • Yac gets backed by Slack to bring the intimacy of voice back when remote co-workers interact

https://techcrunch.com/2020/08/24/yac-gets-backed-by-slack-to-bring-the-intimacy-of-voice-back-when-remote-co-workers-interact/

  • 18 Chinese tech stocks soar 200% as a major market relaxes its IPO rules

https://edition.cnn.com/2020/08/24/investing/china-tech-stocks-chinext-intl-hnk/

  • Al Gore’s Firm Sells Twilio, Salesforce, and Schwab Stock. 

https://www.barrons.com/articles/al-gores-firm-sells-twilio-salesforce-and-schwab-stock-it-bought-palo-alto-stock-51598266855

 

25th August, Tuesday

 

  • JPMorgan to pay $1 billion for full ownership of China mutual fund JV

https://www.reuters.com/article/us-china-fund-jpmorgan-idUSKBN25L1HA

  • Level Home introduces Level Touch, a sleek smart lock that doesn’t advertise its intelligence

https://techcrunch.com/2020/08/25/level-home-introduces-level-touch-a-sleek-smart-lock-that-doesnt-advertise-its-intelligence/

  • MIT CSAIL grad launches machine learning platform with $10M Series A

https://techcrunch.com/2020/08/25/mit-csail-grad-launches-machine-learning-platform-with-10m-series-a/

  • Microsoft brings transcriptions to Word

https://techcrunch.com/2020/08/25/microsoft-brings-transcriptions-to-word/

  • Kymeta raises $85.2 million led by Bill Gates to speed growth of its

https://techcrunch.com/2020/08/25/kymeta-raises-85-2-million-led-by-bill-gates-to-speed-growth-of-its-satellite-cellular-antenna-tech/

 

26th August, Wednesday

 

  • Data analytics company, Palantir Will Go Public Via Direct Listing, Lost $US589 ($821) Million Last Year

https://www.gizmodo.com.au/2020/08/palantir-will-go-public-via-direct-listing-lost-us589-821-million-last-year/

  • Edtech Startup Virohan Raises $2.8 Mn to Ramp Up Access to Vocational Training in Healthcare Jobs

https://www.entrepreneur.com/article/355342

  • UK savings fintech Chip is raising a Series A round that will value it at more than $130 million

https://www.businessinsider.com/series-a-value-uk-savings-fintech-chip-over-130-million-2020-8

  • Linkedin chairman Jeff Weiner backed fintech startup Esusu, which aims to help marginalized communities build better credit scores

https://www.businessinsider.com/linkedin-chairman-jeff-weiner-backs-fintech-startup-esusu-2020-8

  • Howard County cancer survivor launches nonprofit to deliver support kits to those going through treatment

https://www.baltimoresun.com/maryland/howard/cng-ho-kits-to-heart-20200826-u24uktvasbdcdb4ihigjdthvvy-story.html

 

27th August, Thursday

 

  • Narrative, data streaming platform raises $8.5M as it launches a new data marketplace

https://techcrunch.com/2020/08/27/narrative-series-a

  • Warby Parker, optical e-commerce giant, valued at $3 billion, raises $245 million in funding

https://techcrunch.com/2020/08/27/warby-parker-valued-at-3-billion-raises-245-million-in-funding/

  • Google Assistant app now uses your searches to make personalized recommendations

https://techcrunch.com/2020/08/27/google-assistant-app-now-uses-your-searches-to-make-personalized-recommendations/

  • Reliable Robotics Raises $25 Million for Pilotless Planes

https://skift.com/2020/08/28/reliable-robotics-raises-25-million-for-pilotless-planes-travel-startup-funding-this-week/

  • Delivery Hero buys InstaShop for €305 million, a record sum for a Greek startup

https://www.ekathimerini.com/256318/article/ekathimerini/business/delivery-hero-buys-instashop-for-305-million-a-record-sum-for-a-greek-startup

 

28th August, Friday

 

  • Chinese automaker Xpeng seeks US$1.5b on NYSE

https://archive.shine.cn/business/auto/Chinese-automaker-Xpeng-seeks-US15b-on-NYSE/shdaily.shtml

  • Alibaba pauses investment in Indian startups

https://asiatimes.com/2020/08/alibaba-pauses-investment-in-indian-startups/

  • Undermyfork scores $400K seed for its diabetes tracking app and US launch

https://techcrunch.com/2020/08/28/undermyfork/

  • Amazon buys 1,800 electric vehicles from Mercedes-Benz for delivery fleet in Europe

https://www.geekwire.com/2020/amazon-buy-1800-electric-vehicles-mercedes-benz-delivery-fleet-europe/

  • KitoTech raises $3M as demand soars for its at-home no-stitch wound closure kit

https://www.geekwire.com/2020/kitotech-raises-3m-demand-soars-home-no-stitch-wound-closure-kit/

  • IBM has built a new drug-making lab entirely in the cloud

https://www.technologyreview.com/2020/08/28/1007737/ibm-ai-robot-drug-making-lab-in-the-cloud/

 

29th August, Saturday

 

  • Elon Musk Demonstrates Neuralink Brain Chip in Living Pig

https://consequenceofsound.net/2020/08/elon-musk-brain-chip-pig/

  • Pilot test drives 'flying car' in Japan

https://english.alarabiya.net/en/features/2020/08/29/Pilot-test-drives-Japan-flying-car-

  • Chan Zuckerberg Fund backs Eruditus; valuation doubles

https://wrapup.in/chan-zuckerberg-fund-backs-eruditus-valuation-doubles-ettech/

  • Village Capital Helps Fledgling Accelerators, Incubators In Africa Up Their Game

https://www.forbes.com/sites/annefield/2020/08/29/village-capital-helps-fledgling-accelerators-incubators-in-africa-up-their-game/#3ceb04ed3fc2

  • Cocktail startup Swizzle is bringing home real bar experience during lockdown

https://yourstory.com/2020/08/cocktail-kit-startup-swizzle-log9-materials

 

30th August, Sunday

 

  • Paytm Mall suffers data breach, ransom demanded by hackers: Report

https://www.livemint.com/companies/news/paytm-mall-suffers-data-breach-ransom-demanded-by-hackers-cyble-report-11598793039641.html

  • Sunu Band – The Smart Wearable Helping Blind People Maintain Social Distance

https://www.forbes.com/sites/gusalexiou/2020/08/30/sunu-band--the-smart-wearable-helping-blind-people-maintain-social-distance/#11dc6e0073be

  • Co-working companies adjust to running shared workspaces in a pandemic

https://www.theglobeandmail.com/business/article-co-working-companies-adjust-to-running-shared-workspaces-in-a-pandemic/

  • Tampa startup Minimise receives $400M line of credit from UK bank

https://www.newsbreak.com/florida/tampa/news/2050666850814/tampa-startup-minimise-receives-400m-line-of-credit-from-uk-bank

 

We, at OpenGrowth, are constantly looking for latest news in the startup ecosystem. If you want to share any important news from last week, then do let us know in the comment section below.

 

News Curated by: Priya Nath

Priya is an enthusiastic person who believes in gender equity and social impact. She has a keen interest in startups. Her passion includes owning innovative gadgets, networking and psychology.

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About the author:

Editor , OpenGrowth Content Team

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