News, Insights and Stories from the Australian and New Zealand tech ecosystem.

IBM to acquire Truven Health for $2.6 billion; MindMaze raises $100 million; Giphy raises $55 million Series C round

After another busy week across the global startup landscape, IBM has announced that it is set to acquire Truven Health Analytics for $2.6 billion to enhance its IBM Watson Health portfolio, while Amazon has acquired Indian ecommerce platform Embantage to boost its payments platforms in the region. Meanwhile, MindMaze raised $100 million and Giphy has raised $55 million in a Series C round that has valued the startup at $300 million.

Acquisitions

IBM to acquire Truven Health Analytics for $2.6 billion

IBM is set to acquire Truven Health Analytics, a company providing data and analytics on healthcare, for $2.6 billion for its Watson Health unit. The acquisition will bring more than 8,500 of Truven’s clients, including US federal and state government agencies, hospitals, and life sciences companies, to the IBM Watson Health Portfolio. The completion of the acquisition will see IBM’s health cloud housing one of the world’s largest collections of health-related data, representing approximately 300 million patient lives.

Amazon to acquire Emvantage

Amazon has announced that it is to acquire Indian ecommerce platform Emvantage in order to benefit from its payments platforms. A statement from Amazon explained that the acquisition will help Amazon accelerate the development of payment solutions for customers and the ecommerce industry in India. The Emvantage team will be joining Amazon.

Bloglovin acquires Sverve

Bloglovin has acquired influencer marketing startup Sverve in a bid to help Bloglovin’s 750,000 registered users to monetise their blogs and social media footprints. Sverve will be rebranded as ‘Activate by Bloglovin’ as part of the move. Giordano Contestabile, CEO of Bloglovin, said in a statement,  “An influencer marketing platform was the natural next step for Bloglovin’,” said Bloglovin’ CEO, Giordano Contestabile. “We see this having a huge impact, as influencers are a key source of inspiration, taste and purchase decisions for consumers. Influencer marketing is poised to revolutionise the business of media.”

Google acquires Pie

Google has acquired Slack-like startup Pie to help build out its first engineering team devoted to Southeast Asia. Its nine person team will join Google, with the Pie chat service to close down.

Palantir acquires Kimono Labs

Data analytics company Palantir has acquired Kimono Labs, a webscraping startup, with Kimono’s cloud tool to shut down. In a statement on their website, the Kimono Labs team explained that though their product is being used by over 125,000 users, they “realised that continuing to work in isolation on a general data collection tool simply won’t allow us to make the impact we want. When we met the team at Palantir, we were instantly excited by the potential — the incredible talent and access to the world’s most important data problems – even if it meant no longer working on the kimono product. Our decision to join gives us unmatched support, resources and the ability to work on things we could not tackle alone as a small startup.”

Funding

MindMaze raises $100 million

MindMaze, a startup building a multisensory computing platform through virtual reality, computer vision, neuroscience, AI, and haptics, has raised commitments of $100 million in a new round led by the Hinduja Group, an existing investor, with participation from family offices. It comes after the startup recently announced its pre-money valuation of more than $1 billion.

Jana raises $57 million Series C round

Jana, a startup providing free, unrestricted internet access to users in emerging markets, has raised $57 million in a Series C round led by Verizon Ventures, with participation from existing investors Spark Capital and Publicis Groupe, to help accelerate its expansion into new markets. Tim Armstrong, CEO of AOL, has joined the startup’s advisory board.

Giphy raises $55 million Series C round

GIF search engine Giphy has raised $55 million in a Series C round led by Lightspeed Venture Partners, with participation from investors including General Catalyst Partners, RRE, and Betaworks. The round was raised at a post-money valuation of $300 million, and is expected to help the company look towards potential avenues for monetisation.

Sprout Social raises $42 million Series C round

Chicago-based social media analytics and advocacy startup Sprout Social has raised $42 million in a Series C round led by Goldman Sachs, Merchant Banking Division, and New Enterprise Associates. This round, which brings the total raised by the startup to date to $60 million, will go towards expansion of both Sprout’s products and customer base. The startup said it is currently serving 3,000 agencies, 8,000 small businesses, and 5,000 mid-market and enterprise customers around the world.

Yello Mobile raises $30 million

Korean mobile internet company Yello has raised $30 million in funding from SBI Holdings. The funding will go towards further development in Yello’s core mobile media and platform businesses and accelerate its growth in Asia. It also strengthens the partnership between Yello and SBI Holdings, with Yello leveraging the firm’s global business network to grow in Japan and Southeast Asia.

Zoomdata raises $25 million Series C round

Data analytics solution startup Zoomdata has raised $25 million in a Series C round led by Goldman Sachs’ Principal Strategic Investments Group, with participation from investors including Comcast Ventures, Accel, Columbus Nova Technology Partners, and NEA. This brings the total raised by the startup to date to $47.2 million. As part of the investment, Rana Yared, managing director in the Principal Strategic Investments Group at Goldman Sachs has been appointed to the startup’s board of directors, while Hilary Packer, managing director in the technology division at Goldman Sachs, will join its advisory board.

Vera raises $17 million Series B round

Data protection startup Vera has raised $17 million in a Series B round led by Sutter Hill Ventures, with participation from existing investors Battery Ventures, Clear Venture Partners, and Amplify Partners. This round brings the total raised by Vera to date to over $31 million, and will help support the company’s growth mission. Stefan Dyckerhoff, managing director of Sutter Hill Ventures, will be joining Vera’s board of directors.

Image: MindMaze CEO Tej Tadi. Source: YouTube. 





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