Funding & Deal Highlights:
VBit DC closes $1.1M funding round. The company will use the funding to begin the construction of a 200MW data center in Alberta, Canada. Once completed, VBit’s Alberta data center will be one of the largest data centers in the world dedicated solely to Bitcoin mining operations. The fundraising comes on the eve of the bitcoin halving technical event on Monday, where the reward for mining will be halved. The event occurs every four years and has seen bitcoin valuation tumble following most of the halving events.
Workstream, an automated hiring platform, raises $10M. The startup services the gig economy and its workers by automating the recruiting process and connecting workers with on-demand jobs. Exploiting the shortage of workers in grocery stores and logistic companies exacerbated by the pandemic, coupled with the need for contact-less recruiting, the HR service startup focused its offering and is seeing wide adoption.
Vista Equity Partners to invest $1.5B in India’s Reliance Jio platforms. Private equity firm Vista Equity Partners said on Friday it will invest $1.5B in Reliance Jio, joining social conglomerate Facebook and Silver Lake, who have also made bets on the Indian telecom giant in recent weeks. PrivCo has covered the merger here as one of Facebook's key strategies to monetize Jio's application layers.
MemSQL raises $50M in debt facility for its real-time database platform.
Australia’s Judo Bank closes on $147M Series C for SME loans.
Rogue Games raises $2M to expand indie game publishing.
Airbnb-Backed Zeus’s value is halved in new funding round.
BlackCloak secures $1.9M in funding.
Adfone closed $7.5M seed funding.
PureFacts buys VennScience.
Avidity Science acquires the Casada Laboratory Water Purification product line from Pall Corp.
ClearLight invests in IT managed services provider ICS.