Business and Economy

Blackberry buys cybersecurity unicorn, Cylance, for $1.4B

Blackberry buys Cylance for $1.4B

Blackberry, the onetime smartphone leader that has since pivoted into enterprise services, is making a deeper push in cybersecurity. The company announced that it is buying security unicorn Cylance for $1.4 billion.

Anywhere Automation snaps up $300M more

Software provider Automation Anywhere raised $300 million from the SoftBank Vision Fund, bringing total financing for the past five months to $550 million. The latest funding sets a $2.6 billion post-money valuation for the San Francisco company, which operates in the robotic process automation sector, an ultra-hot area for venture funding.

Dia&Co zips up $40M for plus size clothes

Dia&Co, which offers a subscription service for plus-sized fashion, just secured $40 million in a Series C round led by Union Square Ventures and Sequoia Capital.

Who loses the most per capita?

Crunchbase News takes a look at the intersection between headcount and losses for recently public venture-backed companies. We find that at many companies, annual losses per capita probably exceed most worker salaries.

Tracking Podium’s growth through Series B

Podium, a Utah-based software company focused on building tools for offline business, has raised just under $93 million. While that is a big number, the startup has also managed to post unusually sharp revenue growth and aims to hit $100 million next year.

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