Funding & Deal Highlights:
Virtual events startup Run The World, a year-old startup that is based in Mountain View, CA and has small teams in China and Taiwan, nabs $10.8M from a16z and Founders Fund. Run The World takes 25% of ticket sales in exchange for everything from the templates used, to ticket sales, to payment processing to streaming, and so forth.
Statespace, the platform that trains gamers, raises $15M. Statespace recreates the physics of popular FPS games to help players practice their aim and work on their weaknesses. Statespace was founded by neuroscientists from New York University and goes beyond the mechanics of aim itself to understand and measure several parts of a player’s game, from visual acuity across the quadrants of the screen to reaction time.
Magic Leap has reportedly received a $350M lifeline, a month after slashing 1,000 jobs and dropping its consumer business.
Big Sky Health — the creators of Zero, one of the most popular and highly-rated fasting apps — announced it launched Zero Plus, a premium version of its service that provides adaptive fasting plans and science-backed content for helping guide users on their health journeys.
Sphero just announced that it has spun off another company. While still a robotics company at its heart, the underwhelmingly named Company Six will create robotic systems designed for first responders and other humans whose work requires them to put themselves in harm’s way.
PathSpot, an NYC-based creator of a real-time hand hygiene management system that protects against the threat and spread of illness with a hand scanner that tracks handwashing frequency and effectiveness, closes a $6.5M Series A funding round.
Roche acquires Stratos Genomics to expand nanopore sequencing technology.
New York-based IBM acquires 7% stake in blockchain-enabled trade finance solution, we.trade.
SoftBank-owned investment group, Fortress, acquires Krystal Restaurants.
Waterland Private Equity has invested in Integrated Medhealth Communication group through a primary investment that will support ambitious plans to create a leading independent provider of global healthcare communications and consulting.