New York-based Compass, a tech-focused company building out a platform for residential real estate professionals, has raised $370 million in a Series G round at a whopping $6.4 billion post-money valuation. The financing comes amid a period of heightened investment in real estate startups.
Monday.com, a team-focused task management tool, raised $150 million in a Series D round led by Sapphire Ventures. The financing sets a valuation of $1.9 billion, more than triple the $550 million value from its prior venture round last year.
Microsoft has purchased BlueTalon, a startup focused on data access, control, and security, for an undisclosed sum. The deal marks Microsoft’s fourth known acquisition so far this year.
Uber is cutting around 400 jobs in its global sales and marketing team, a group that numbered around 1,200. The move follows a period of decelerating growth for the recently public company, which is under pressure from investors to stem its massive, recurring losses.
San Francisco’s DataGrail, a company that helps businesses stay compliant with data regulations, just raised $5.2 million in a Series A round led by Cloud Apps Capital.
Grab, the Singapore-based ride-hailing company, announced that $2 billion of SoftBank’s previous financial commitments will be targeted towards its well-established Indonesian operations. Indonesia is Grab’s largest market and also the home of its biggest regional competitor, Go-Jek.