Twitter bought the live streaming video company Periscope, Alibaba invested $200 million in Snapchat and here’s the rest of the funding news from Silicon Valley:
Capital Gains: Twitter Buys a Live Streaming Video Service Periscope and More
Money makes the world go round. Lots of money even more.
Vjeran Pavic
- Bain Capital bought the cybersecurity firm Blue Coat for $2.4 billion, from the private equity firm Thoma Bravo. Blue Coat was taken private by Thoma Bravo in 2012 for $1.3 billion.
- The Chinese e-commerce giant Alibaba is investing $200 million in Snapchat, a deal that would set the social media company’s value at $15 billion.
- The IT hardware maker Simplivity raised $175 million in a Series D funding round that puts the company’s value at over $1 billion. The investment was led by the Switzerland-based Waypoint Capital.
- Zuora, a firm that specializes in the software for subscription payments services, raised $115 million in a funding round led by Wellington Management, BlackRock, Premji and Passport Capital. The round sets Zuora’s value at close to $1 billion, and gives the company $250 million in total funding.
- The enterprise software company Looker raised $30 million in a Series B funding round led by Meritech Capital Partners. Looker has more than 250 clients, including Yahoo, Dollar Shave Club, Warby Parker and Instacart (Fortune).
- Starmaker, a digital platform for aspiring singers, raised $6.5 million in a Series B round led by Raine Ventures. Some of Starmakers partners have included “The Voice” and “American Idol” (BusinessWire).
- A couple months after introducing videos to Twitter, this week the social media company revealed it had bought the live video streaming app Periscope in January.
- Facebook acquired a product search engine called TheFind this week in an effort to help beef up its advertising technology. Terms of the deal haven’t yet been disclosed.
- Kill Technology, a startup focused on integrating wireless payments systems into mobile devices, was bought by the digital commerce company Square.
This article originally appeared on Recode.net.
