Global VC investing soars in Q3
Global venture investment is at its highest point since the Dot-Com bubble, according to Crunchbase projections for the third quarter of 2017. Both deal counts and dollar volume are hitting multi-year highs, with total investment projected at around $60 billion, up over 30 percent from the second quarter. Read our full Q3 global investment report here.
Uber settles issues as it eyes IPO
Uber’s board approved a raft of measures that move the ride-hailing giant closer to becoming a public company. Directors voted to move ahead with a proposed investment by SoftBank, to eliminate super-voting rights, to expand the board, and to set a goal of going public by 2019.
Infinidat raises $95M for data storage
Infinidat, a provider of petabyte-scale data storage technology to large enterprises, closed a $95 million Series C financing round that values the company at $1.6 billion. Goldman Sachs Private Capital Investing led the round, with participation from TPG Growth.
Boston Scientific buys Apama Medical
Boston Scientific is acquiring Apama Medical, a developer of catheters used in treating heart rhythm disorders, for $175 million up front and up to $125 million in milestone payments. Campbell, Calif.-based Apama previously raised $35 million in venture funding.
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