Didi gaining edge over Uber
In the battle for global ridesharing dominance, China’s Didi Chuxing is outperforming Uber on the fundraising front. Although Uber has a decent war chest, Didi is better capitalized and has an alliance with SoftBank, the deepest pocket in VC today. As of right now, Didi has raised almost $4 billion more cash than Uber, Crunchbase News reports, to say nothing of debt and credit facilities.
MongoDB said to file for IPO
Database provider MongoDB has filed confidentially for an IPO, according to a TechCrunch report. The ten-year-old, New York-based company previously raised $300 million, securing its last round of funding at a reported $1.6 billion valuation.
Uber faces 20 years of privacy audits
Uber has settled with the U.S. Federal Trade Commission over charges that the company failed to monitor employee access to consumer personal information and to secure sensitive data. As part of the settlement, Uber will face 20 years of privacy audits, the FTC said.
Report analyzes traffic at top Crunchbase Rank companies
Crunchbase teamed up with market intelligence firm SimilarWeb to deliver analytics on some of the top-listed companies by Crunchbase Rank. The resulting report examines incoming traffic for sites related to the top 50 companies, including Alibaba, SoundCloud, and Spotify.
|
