Austin-based iFly.vc closes $46M second fund from legendary tech founders
To compete with the myriad venture capital firms in Silicon Valley, iFly.vc has a unique vantage point. Its founder Han Shen has straddled the United States and China for several decades. He was the f
Zero trust unicorn Illumio closes $225M Series F led by Thoma Bravo
Illumio, a self-styled zero trust unicorn, has closed a $225 million Series F funding round at a $2.75 billion valuation. The round was led by Thoma Bravo, which recently bought cybersecurity vendor
Wish wants to be the Amazon for the rest of us; will retail investors buy it?
Most people know Wish as a site that sells throwaway doodads from China, but in anticipation of its impending IPO, the 10-year-old San Francisco-based company has begun portraying itself as a kind of
What will a Wish IPO look like? We may know soon
Wish, the San Francisco-based, 750-person e-commerce app that sells deeply discounted goods that you definitely don’t need but might buy anyway when priced so low — think pool floats, guin
Fieldwire just raised $33.5 million more to give PlanGrid and its new owner Autodesk a run for their money
Fieldwire, which makes task management software for construction teams on commercial projects so things don’t fall through the figurative (or literal) cracks, has raised $33.5 million in Series
Partnering with Visa, emerging market lender Branch International raises $170 million
The San Francisco-based startup Branch International, which makes small personal loans in emerging markets, has raised $170 million and announced a partnership with Visa to offer virtual, pre-paid de
Former Formation 8 GP Shirish Sathaye joins Cervin Ventures
Shirish Sathaye has joined the enterprise-focused VC Cervin Ventures as a general partner. He remains a partner in Formation 8's second fund.
Bolt Threads is raising $106 million from Foundation Capital and Formation 8
Our spidey senses are tingling over here. According to an SEC filing, TechCrunch has learned Bolt Threads, the biotech company spinning microbes into spider silk, is raising a whopping $106 million in
Nike-backed Grabit has quietly raised $25 million for robots that handle what others can’t grasp
Robot arms have come a long way since the 1960’s when George C. Devol and Joseph Engelberger created the earliest industrial models. Those had two-finger grippers that, in retrospect, look fit to pl
Robot tutor Musio makes its retail debut in Japan
A cute, robotic language tutor called Musio, has made it from crowdfunding campaign to full-fledged product with a debut in stores this week in Japan. Priced at JPY 98,000 (about US $900), Musio is no
Formation 8 founder Jim Kim and longtime VC Paul Lee partner on a new fund called Builders
Jim Kim, who most recently co-founded the venture firm Formation 8, is launching a brand-new venture firm called Builders that looks to be raising a $200 million fund, judging by a recent SEC filing.
Memebox raises $66M for its e-commerce platform for Korean beauty products
Memebox, an e-commerce company specializing in beauty products from Korea, has closed a significant $65.95 million Series C funding round to fuel further expansion.
Bolt Threads raises $50 million to brew spider silk, inks deal with Patagonia
If the idea of wearing spider silk intrigues, the idea of managing a farm full of spiders isn’t all that appealing. A startup called <a target="_blank" href="https://boltthreads.com">Bolt Threads</a
Venerable audio company Bowers & Wilkins bought out by Gideon Yu’s EVA Automation
Bowers & Wilkins, an audio gear brand that has been familiar to millions for decades, is being bought out by EVA Automation, a two-year-old company that has never released a product. Yet the old c
Branch.co raises $9.2 million to bring financial services where banks don’t go
San Francisco-based Branch International, or Branch.co, raised $9.2 million to bring digital financial services to mobile phone users in Sub-Saharan Africa. Andreessen Horowitz led the Series A round.
Korea’s Yello Mobile Raises $47M More At A $4B Valuation Led By Formation 8
Korea’s Yello Mobile has made a name for itself raising $100 million and using it to hoover up more than 80 startups to build its mobile apps business, which now serves 18 million users. N
VR Live Streaming Platform NextVR Raises $30.5M Series A
NextVR, a startup that promises to give consumers rich VR experiences for live events has raised a $30.5 million Series A led by Formation 8 the WSJ reports. Notably the raise was also participated
Formation 8 Axes Plans For Third Fund, Lonsdale Now Raising $400M For “8 Partners”
We’ve heard about consolidation in the word of startups; today comes some news about a thinning of the ranks among VCs. Formation 8 — the VC firm co-founded by Palantir’s Joe Lon
Construction App Fieldwire Raises $6.6 Million, Led by Formation 8
Fieldwire, a San Francisco-based mobile and web platform designed to make collaboration on construction projects more efficient, has raised $6.6 million in fresh funding led by Formation 8. Other p
NodePrime Raises $7M In Seed Funding To Help Companies Manage Their Data Centers
Managing a complex modern IT infrastructure is hard. NodePrime, a San Francisco-based startup that's emerging from stealth today, wants to make it easier for companies to map, monitor and control thei