Data management startup Rubrik confirms $180M round at a $1.3B valuation

Data flying over group of laptops to illustrate data integration/sharing. Rubrik, a startup that provides data backup and recovery services for enterprises across both cloud and on-premises environments, has closed a $180 million round of funding that values the company at $1.3 billion. The news confirms a report we ran earlier this week noting that the company was raising between $150 million and $200 million. IVP (as we noted sources told us might be the case) led… Read More

Auto site Carvana tumbles 26% in stock market debut

 Carvana, the site for buying and selling cars, had a rough first day in the public markets. After pricing its IPO at $15 per share, it ended the day down 26% at $11.10. Bankers typically recommend a price that would cause the shares to go up about 20% or so on the first day, known as a “pop.” But Carvana maximized every last dollar in its $225 million offering, at the cost of… Read More

Cloudera finishes up 20% in stock market debut

 Cloudera, the enterprise big data company, closed the day up over 20% at $18.09, after pricing its IPO at $15 per share.  This is also above the range of $12 to $14 that enterprise big data company was preparing for. While the surging stock price is great for new investors, the outcome is still a significant disappointment for some employees of the company because their equity compensation… Read More

Deep Sentinel raises $7.4M to bring deep learning to home security

 Home security startup Deep Sentinel today announced that it has closed a $7.4 million Series A led by Shasta Ventures, with participation from Bezos Expeditions, Lux Capital and UP2398. Founded by serial entrepreneur David Selinger, Deep Sentinel is betting that its emphasis on user experience can provide needed differentiation in the crowded space. Read More

Equity podcast: Earnings clown car and the profitable-ish Dropbox with Hunter Walk

 Welcome back to Equity, TechCrunch’s venture-capital focused podcast where we unpack the numbers behind the narrative. Homebrew’s own Hunter Walk joined us for this episode along with co-hosts Katie Roof, Matthew Lynley and myself. This week has been a delightful clown car of technology earnings, so we dove into Twitter’s surprisingly strong report that drove its share… Read More

Investors are betting 3DR can find life after Solo as a drone data platform

 An early player in drone-tech, 3D Robotics Inc., announced that it has raised $53 million in a Series D round of funding on Thursday, including new equity funding and conversion of debt equity. Atlantic Bridge led the round joined by Autodesk Forge Fund, True Ventures, Foundry Group, Mayfield and other undisclosed investors, according to the company statement. The company didn’t break… Read More

SiriusXM acquires connected car company Automatic for over $100M

 SiriusXM has acquired Automatic, the maker of the Automatic Pro and Automatic Lite connected car OBD-II port accessories. The deal is acknowledged by SiriusXM CFO David Frear to be worth a little north of $100 million, and SiriusXM and Automatic both note in releases announcing the news that the brand will remain separate, and Automatic’s products and team will remain focused on the… Read More

Marketing tech company Zeta Global raises $140M at a $1.3B valuation

 Zeta Global, the marketing tech company that has recently acquired the likes of eBay’s enterprise arm and Acxiom Impact, is preparing for another round of acquisitions and investments in its technology. To do so, the company today announced that it has raised a $140 million Series F round. Read More