Snap quietly files for massive IPO

Snap has confidentially filed paperwork for an initial public offering that could value the maker of the Snapchat messaging app at as much as $25 billion, according to multiple media reports. The planned IPO could come as early as March and constitute on the largest tech offerings in years.

Intel to invest $250M in self-driving tech

Intel Capital said it plans to make more than $250 million in new investments over the next two years with the goal of making self-driving vehicles a a reality. Focus areas include connectivity, communication, context awareness, deep learning, security and safety.

Lyft launches techier display, ditches mustache

Pink mustache, RIP. Lyft, the ride-hailing service known for festooning drivers’ cars with those bold displays of faux facial hair, is introducing a new branding system called Amp. The new displays, which will roll out at the end of the year, will link to Lyft’s smartphone app to change colors and show messages.

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Recent Investments

Sauce Labs

$70M / Series E

Sauce Labs is a cloud-based software testing service. The San Francisco-based company has 3.5K customers, and has raised $101M in total funding to date.

Categories:

San Francisco · Web Development · Software · SaaS · Enterprise Software

Founders:

Jason Huggins, Steven Hazel, John Dunham, Al Sargent

Investors:

Adams Street Partners (Lead), IVP (Institutional Venture Partners) (Lead), Centerview Capital (Lead)

Logz.io

$16M / Series B

Logz.io is an enterprise-grade ELK as a service. The Tel Aviv-based company serves 1K companies from 80 different countries.

Categories:

Tel Aviv ISR · Analytics · Enterprise Software · Big Data

Founders:

Asaf Yigal, Tomer Levy

Investors:

OpenView (Lead), 83North, Giza Venture Capital

Procurify

$7.0M / Series A

Procurify offers a purchasing and accounts payable platform. The Vancouver-based company integrates with QuickBooks, Netsuite, and other account systems.

Categories:

Richmond · SaaS · Enterprise Software · Procurement · Supply Chain Management · Cloud Computing

Founders:

Aman Mann, Eugene Dong, Kenneth Loi

Investors:

Runa Capital (Lead), Nexus Venture Partners, Point Nine Capital, + 1 more

More Investments
Company Amount / Round Lead Investor
Souche $100M / Series C UCAR, Ant Financial
Royole Corporation $80M / Venture Warmsun Holding Group
MACROPOINT $44M / Venture Susquehanna Growth Equity
Mavenlink $39M / Series D Goldman Sachs
Womply $30M / Venture Sageview Capital
eOriginal $26M / Venture LLR Partners
Aperia Technologies $16M / Venture Municipal Employee Retirement System, eLab Ventures
Yottaa $13M / Venture Stata Venture Partners
Sealights $11M / Series A TLV Partners
Siemplify $10M / Venture 83North, G20 Ventures
Ava $9.7M / Series A Polytech Ventures
P2Binvestor $7.7M / Series A Rockies Venture Club
Prynt $7.0M / Series A GGV Capital
Firefly Learning 4.5M GBP / Series A BGF Ventures
Now Interact 44M SEK / Series A Inventure Oy, SEB Venture Capital
Hustle, Inc $3.0M / Seed Chamath Palihapitiya
Kit $2.5M / Seed
Gluru $2.0M / Seed
Apvera 1.7M SGD / Seed Spring SEEDS Capital, ACP
Sweetguest $1.0M / Seed
EastMeetEast $1.0M / Seed
Atomicorp $1.0M / Seed Blu Venture Investors
Favful $500K / Seed Gobi Partners
IsItUp Dotcom unknown / Seed Gobi Partners
Perx unknown / Venture RHL Ventures
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Recent Acquisitions

Bit Stew Systems

Acquired by General Electric (GE) for $153M

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Room 77 Lola Travel Company, Inc.
TradeHero ayondo
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