Digital freight forwarder Forto raises another $50M in round led by Inven Capital

Forto, a digital freight forwarder which has experienced a boom during the pandemic, has raised another $50 million in funding. It’s now raised $103 million since its launch in 2016. The round was led by Inven Capital, a growth fund out of the Czech Republic. Additional investment came from I

Cooper raises $2M to build a professional network centered on introductions

In a period of social distancing, making new professional connections feels harder than ever. So Amsterdam-based Cooper is building a network that’s all about making and receiving introductions. “Everything that happens in the network is based on the foundation of introductions,”

Indonesian telecom network Telkomsel invests $150 million in Gojek

Telkomsel, Indonesia's biggest telecom network, has invested $150 million in ride-hailing firm Gojek, the two companies said on Tuesday. As part of the “strategic partnership,” the two firms said they will explore a “broad range of collaboration opportunities” to reach millions of Indon

PingCAP, the open-source developer behind TiDB, closes $270 million Series D

PingCAP, the open-source software developer best known for NewSQL database TiDB, has raised a $270 million Series D. TiDB handles hybrid transactional and analytical processing (HTAP), and is aimed at high-growth companies, including payment and e-commerce services, that need to handle increasingly

Digital electricity supplier Tibber closes $65M Series B led by Eight Roads, Balderton

Tibber, a “digital electricity” supplier that uses AI to switch around power for houses based on their predicted levels of consumption, has closed a $65 million Series B round led by Eight Roads Ventures and Balderton Capital, with participation from existing investors, including San Fr

Sequoia-backed recycling robot maker AMP Robotics gets its largest purchase order

AMP Robotics, the manufacturer of robotic recycling systems, has received its largest purchase order from the publicly traded North American waste handling company Waste Connections. The order, for 24 machine learning-enabled robotic recycling systems, will be used on container, fiber and residue l

Huawei sells budget phone unit Honor to state-backed firms, distribution partners

After weeks of rumors, Huawei confirmed it is selling Honor to a consortium of companies, including government-backed firms, Honor’s distribution partners and suppliers, in a move to save its budget phone brand from U.S. pressure. The decision was announced in a joint statement released Tuesd

Daily Crunch: GitHub reinstates YouTube downloading project

GitHub defies a takedown order, Strava raises a big round and Moderna reports promising COVID-19 vaccine results. This is your Daily Crunch for November 16, 2020. The big story: GitHub reinstates YouTube downloading project Back in October, the Recording Industry Association of Amer

Tesla gets a spot on the S&P 500

Tesla will be added to the S&P 500, a milestone that will expand its investor base and put the electric automaker in the same company as heavyweights like Apple, Berkshire Hathaway and Microsoft. The announcement, made Monday afternoon by the S&P Dow Jones Indices, sent shares 13.7% higher

Facebook and Twitter CEOs testify about election efforts

After giving in to the looming threat of subpoenas, two of tech’s most high profile CEOs will again be grilled by Congress. On Tuesday, the Senate Judiciary Committee will host Twitter’s Jack Dorsey and Facebook’s Mark Zuckerberg for what’s likely to be another multi-hour ai

The VC and founder winners in Airbnb's IPO

After a tumultuous year for the travel industry, Airbnb's long-awaited IPO filing just dropped. One thing is clear: there is still plenty of juice left in the home-sharing platform, and a smattering of VCs and the company's founders are positioned to receive some serious returns. My colleag

Baidu to acquire Joyy’s Chinese live-streaming service YY for $3.6B

Baidu said on Monday it is acquiring Joyy’s live-streaming service YY Live in China for $3.6 billion in an all-cash deal as the Chinese internet giant makes a further push to diversify beyond its core search business and play catch-up in video entertainment. The announcement, which Baidu shar

Airbnb files to go public

Airbnb filed to go public today, bringing the well-known unicorn one step closer to being a public company. The financial results show a company on the rebound, but smaller than it was. Its more granular financial results also make clear how hard the pandemic was on the travel-reliant unicorn. Rega

Ride Vision raises $7M for its AI-based motorcycle safety system

Ride Vision, an Israeli startup that is building an AI-driven safety system to prevent motorcycle collisions, today announced that it has raised a $7 million Series A round led by crowdsourcing platform OurCrowd. YL Ventures, which typically specializes in cybersecurity startups but also led the co