Upwork, online marketplace for freelance labor, files to go public
Upwork files for IPO
Upwork, an online marketplace for freelance labor, has filed to go public. The company, formed following the merger of former rivals Elance and oDesk, is unprofitable but showing accelerating growth and stronger cash flow.
GreyOrange raises $140M to automate warehouses
GreyOrange, a Singapore-headquartered firm that develops robots for warehouses, has pulled in a $140 million Series C funding round led by Mithril Capital.
Here’s who’s gone public in 2018
Happily, for investors and founders alike, 2018 has produced a host of technology IPOs on U.S. exchanges, with more than 30 substantial offerings. Crunchbase News decided to aggregate them all together in one place.
Robinhood thinking about IPO too
Speaking of IPO action, another unicorn is adding itself to the wanna-be-public list. Robinhood, the free stock trading app with the supersized $5.6 billion valuation, is on the path for an eventual IPO, with plans to hire a finance chief and get its books in order for regulator scrutiny.
Groq seeks $60M for AI chips
Groq, a stealthy Silicon Valley AI chip company founded by Google engineers, is at least $52 million into a targeted $60 million fundraise, according to a securities filing. At least 16 investors have contributed to the round so far.
Roblox raises $150M for kids games
Roblox, the developer of a platform for creating games and virtual worlds for kids, has raised $150 million in a new funding round led by Greylock Partners and Tiger Global. The financing reportedly values the 12-year-old, Silicon Valley company at around $2.5 billion.
Caffeine gulps down $100M
Meanwhile, video game streaming platform Caffeine has raised $100 million more in a round led by 21st Century Fox that also included Greylock, along with Andreessen Horowitz.
Search shop Elastic files for IPO
Elastic, a search-focused software-as-a-service company, is the latest to Silicon Valley tech shop to file for an IPO. The company, which is unprofitable but generating cash and growing fast, is seeking an initial raise of $100 million.
Episerver acquired for $1.16B
Insight Venture Partners is acquiring Episerver, a provider of tools for marketers to manage online content, for $1.16 billion. Previously, Episerver was owned by software growth investor Accel-KKR.
