Compass

Zilliz, the startup behind the Milvus open source vector database for AI apps, raises $60M, relocates to SF

In 2020, Chinese startup Zilliz — which builds cloud-native software to process data for AI applications and unstructured data analytics, and is the creator of Milvus, the popular open source ve

Losses at SoftBank’s Vision Funds have consumed nearly all their historical gains

The Vision Fund was always a funded vision; today we learned just how cloudy that perspective is proving.

This feels like a SoftBank deal from 4 years ago

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Equity is back in the saddle this week, with Mary Ann and Alex and

Daily Crunch: Coinbase will reduce its workforce by 18% to ‘stay healthy during this downturn’ 

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Redfin and Compass lay off a combined 900+ employees as mortgage interest rates continue to climb

The housing market has taken a huge hit this year as mortgage interest rates have surged and homeowners scale back on purchases. The latest casualties in the proptech world are Redfin and Compass, whi

Avi Dorfman’s legal battle to be named founding member of Compass has ended in a settlement

Entrepreneur Avi Dorfman, who sued Compass seven years ago for not recognizing him as a co-founder, received a settlement and key acknowledgement today from the now-public real estate company Compass.

Digging into digital mortgage lender Better.com’s huge SPAC

We'll have to wait to see how public investors value the company once it begins to float later this year. But as far as unicorn SPAC deals go, there have been worse ones that we've viewed.

How Robert Reffkin went from being a C-average student to the founder of Compass

In April, real estate tech company Compass forged ahead with its initial public offering and is now valued at several billions of dollars. At that time, TechCrunch Senior Editor Alex Wilhelm caught up

Nonobvious acquisitions are on my 2021 bingo board

At the end of 2020, I argued that edtech needs to think bigger in order to stay relevant after the pandemic. I urged founders to think less about how to bundle and unbundle lecture experience, and mor

Compass CEO hails IPO as a fundraising event amid ‘challenging’ market

While several tech companies are opting to delay their IPOs in the face of less-than-enthusiastic market demand for their shares, real estate tech company Compass forged ahead and went public today.

Kaltura puts debut on hold. Is the tech IPO window closing?

The Exchange doubts many folks expected the IPO climate to get so chilly without warning. But we could be in for a quarter's pause.

As Compass downsizes its IPO, signs of weakness appear for high-growth companies

Taken together, the various market signs could point to a modest to moderate cooling in the IPO market. For a host of companies looking to debut via a SPAC, that could prove to be bad news.

Discord’s reported $10B exit; Compass and Intermedia Cloud Communications set IPO price ranges

There's a lot of news this morning, so let's discuss all the big dollars before YC demo day kicks off.

SoftBank makes mountains of cash off of human laziness

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.

Compass files S-1, reveals $3.7B in revenue on net loss of $270M

Compass, the real-estate brokerage startup backed by roughly $1.6 billion in venture funding, filed its S-1 Monday. The move comes just under one year after the New York-based company laid off 15% of

Longtime VC Todd Chaffee of IVP says late-stage scene is now ‘M&A world’

Todd Chaffee has long been one of the most senior members of the late-stage venture firm Institutional Venture Partners. Chaffee joined IVP in 2000 after logging six years at Visa, and went on to lead

SoftBank expects $24 billion in losses from Vision Fund, WeWork and OneWeb investments

The Japanese technology conglomerate SoftBank Group said it would lose a staggering $24 billion on investments made through its Vision Fund and bets on the co-working real estate company WeWork and sa

With the real estate industry facing headwinds, SoftBank-backed Compass lays off 15% of staff

Compass, the real-estate brokerage startup backed by roughly $1.6 billion in venture funding, has laid off 15% of its staff as a result of the shifting economic fortunes created by the global response

Real estate platform Compass raises another $370M on a $6.4B valuation en route to an IPO

The real estate market regularly goes through ups and downs, but today comes big news for a startup in the space that has built a platform that it believes can help all players in it — buyers, s

Compass acquires Contactually, a CRM provider to the real estate industry

Compass, the real estate tech platform that is now worth $4.4 billion, has made an acquisition to give its agents a boost when it comes to looking for good leads on properties to sell. It is acquiring
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