Business and Economy

Compass,, Microsoft, BlueTalon, and DataGrail

Compass raises $370M for real estate platform

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. adds $150M at $1.9B valuation, 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 buys BlueTalon

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 layoffs a warning sign for IPO-hungry unicorns

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.

DataGrail nabs $5.2M

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 plans to ramp spending in Indonesia

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.

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