Funding & Deal Highlights:
Waymo raises another $750M for self-driving cars. Waymo said Tuesday that the $750M expands the size of its first external investment round to $3B. The pandemic has accelerated the development of contactless businesses, and self-driving cars are front and center of this trend. The challenging economic environment also sped up the consolidation of the many competitors in the space, forcing investors to line up behind the most likely winners. This round, with the Canadian pension CPPIB and Fidelity, among other high profile investors, is certainly a show of confidence from the investment community.
Slice, online ordering, and marketing platform for pizzerias raised $43M. This successful fundraising comes just a day after the Grubhub / Uber takeover bid announcement. While the industry giants are looking to band together, the newcomers are still thriving and growing. Slice said that business was up and that more than 90% of the 12,000-plus pizzerias that work with Slice have stayed open.
Rakuten, often referred to as the “Amazon of Japan” with its extensive holdings in e-commerce and streaming media, has made an acquisition of engineering company Innoeye. Innoeye builds cloud-based solutions aimed at carriers and enterprises to manage networks and deploy services across them. Rakuten hopes that the deal will help it build up and flex a newer arm of its business: communications services.
UpKeep raises a $36M Series B to help facilities and maintenance teams go mobile.
Sleeper raises $20M to expand into fantasy esports.
DispatchTrack, a last-mile logistics platform, raises $144M in its first-ever funding.
SiMa.ai announces $30M Series A to build out a lower-power edge chip solution.
Nanit raises $21M for its baby monitor, app, and a new line of wearables for infants.
Omnitracs buys VisTracks.
RxSense receives investment from Parthenon Capital.
Eventbrite secures $225M from Francisco Partners.
Twitter acquires mobile DSP CrossInstall on the hunt for mobile performance dollars.
Tim Hortons eyes China coffee drinkers with Tencent investment.