Here are the latest news from our portfolio companies:
Path Robotics raises $56M Series B for automated welding
[ May 2021 ] Columbus, Ohio-based firm Path Robotics today announced the completion of a $56M Series B. The round, led by Addition brings the robotic welding company’s total funding to $71 million. Adding another piece to the broader automated manufacturing puzzle, the company is focused on robotic welding. The system uses scanning, computer vision and AI to adjust itself to different parts, understanding that sizing parts is a kind of imperfect science. Add to that the additional difficulty of working with highly reflective metals and you’ve got some interesting robotics problems to solve. Read more here ...
Modern Meadow Closes $130 Million Series C Funding
[ May 2021 ] The new leadership and cash infusion are intended to help bring the company’s “biofabrication” technology, which can replace fossil fuel-based textile coatings and enhance the performance of natural materials, to commercial scale for the first time. “We’re far enough along in the development of the technology, in the process engineering,” said Bakst. “We’re ready now.” The company said it would announce a coalition of fashion brands and industry partners within the next six to nine months. Read more here ...
Coinbase's Direct Listing Alters Landscape
[ April 2021 ] Coinbase’s direct listing was a massive finance, startup and cryptocurrency event that impacted a host of public and private investors, early employees, and crypto-enthusiasts. Regardless of where one sits in the broader tech and venture world, Coinbase storming north of a $100 billion valuation during its first day of trading was the biggest startup happening of the year. The transaction’s effects will be felt for some time in the public market, but also among the startups and capital that comprise the private market. Read more here ...
Cricket Health Announces $24 Million Series A
[ September 2018 ] Cricket Health announced its $24 million Series A funding round to provide personalized, cost-effective kidney care. Cricket Health provides tech-enabled, cost-effective, integrated nephrology and dialysis care to chronic kidney disease (CKD) and end stage renal disease (ESRD) patients that aims to keep them healthy, at home, and out of the hospital. New investor Oak HC/FT led the round. Read more here ...
Google acquires Singapore-based workplace chat app Pie
[ February 2016 ] Singapore-based work chat app Pie is Google’s first acquisition in Southeast Asia. Google has confirmed Pie’s acquisition with a post on its Asia Pacific blog. In the post, the company talks about the new engineering team now taking shape to “get closer to the next billion users coming online and to develop products that will work for them.” Pie’s engineers will be the start of this new Singapore-based team, which Google will look to beef up with new graduates and experienced engineers, from Singapore and abroad. Read more here ...
Online property portal PropertyGuru bags $129M investment
[ June 2015 ] Online property portal PropertyGuru announced today it has received a whopping S$175 million (US$129.3 million) investment from a “strategic consortium” of three investors. The group consists of Indonesian media company Emtek (which is already PropertyGuru’s partner in Indonesia), venture capital firm Square Peg Capital, and international private investment company TPG. Read more here ...
VXI Global Solutions acquires Symbio
(Ethos Technologies)[ January 2015 ] VXI Global Solutions (VXI), a global leader in Business Process Outsourcing (BPO) and IT Outsourcing (ITO) services announced today its acquisition of Symbio, a provider of Outsourced Product Development (OPD) services. Through the acquisition, VXI will gain innovative software product development, design, and quality assurance capabilities from Symbio. VXI is a Bain Capital portfolio company and after the acquisition will employ 17,000 experts across the United States, Europe, South America andAsia-Pacific. Read more here ...
Digify helps you protect your data by sending self-destructing files
[ July 2014 ] It's understandable if you're nervous about sharing files in this era of widespread surveillance. Can you really trust that a document is safe once it's out of your hands? Digify might just ease your mind now that it has launched Android and iOS apps for sharing self-destructing files. Rather than give people a direct download, the software only allows a peek at a given file for a set amount of time; once the Mission Impossible-style countdown hits zero, the content is gone for good. Read more here ...
China's Largest DSP, PinYou, Completes $20M Series B Led by CBC
[ January 2013 ] iPinYou, the largest DSP (Demand-Side Platform) in China, today announced a US$20 million round of financing led by CBC (China Broadband Capital) to support the company's hyper-growth trajectory. Participants in the round include Vangoo Investment Partners, a Japan-based VC, and its A round investor Forward Capital. The proceeds will be used to upgrade the company's product, technology and executive and staff recruitment. Read more here ...
What we can learn from PropertyGuru, an investor's thoughts
[ June 2012 ] In the past four years, Singapore has been quietly-but-steadily brewing one of South-East Asia’s first, dominant, cash-generating online verticals, certainly one of the very first to successfully make the jump from a domestic Singapore to a truly regional play. PropertyGuru still has some way to go before it realizes its full potential and before the team cashes in on its hard work, but its progress should serve as a beacon to all aspiring entrepreneurs in Singapore and the region. Read more here ...
YY Inc. Acquires Chinese 3D Game Platform, ECitySky
[ March 2012 ] The 4 year old online gaming company, ECitySky has been acquired by YY Inc. as announced Co-founder and CEO Clement Song. ECitySky is a 3D gaming company based in Beijing and its core product was Gamexiu.com, which claimed to be the world’s first 3D social entertainment platform that integrates social elements and real-time game play. Read more here ...