Dan Taylor / Tech.eu:
UK-based Babylon Health to public through a SPAC merger at a valuation of $4.2B — Just when you thought the SPAC had been played out, London-based healthtech Babylon confirms the rumours and announces its plan to go public via a $4.2 billion merger with Alkuri Global Acquisition Corp, formerly known as Ark Global Acquisition Corp.
Coco Feng / South China Morning Post:
Chinese researchers unveil WuDao 2.0, an AI model they say was trained using 1.75T parameters, 10x more than GPT-3, to simulate conversational speech and more — The WuDao 2. natural language processing model had 1.75 trillion parameters, topping the 1.6 trillion that Google unveiled …
Jim Dalrymple II / Inman:
Spruce, which uses AI-based title, closing, and escrow services for real estate transactions, raises $60M Series C, bringing its total raised to $110M — The company provides title insurance and escrow services, among other things. Since its founding in 2016, Spruce has raised $110 million
Paul Sawers / VentureBeat:
Lansweeper, whose tools help IT staff identify and manage all the hardware, software, and users across corporate networks, raises $158M from Insight Partners — Elevate your enterprise data technology and strategy at Transform 2021. — IT asset management platform Lansweeper has raised €130 million …
Zack Whittaker / TechCrunch:
FireEye says it is selling its products business to PE firm Symphony Technology Group for $1.2B in cash; deal splits FireEye from digital forensics arm Mandiant — Cybersecurity giant FireEye has agreed to sell its products business to a consortium led by private equity firm Symphony Technology Group for $1.2 billion.
Ashley Carman / The Verge:
Spotify announces Only You, which gives users personalized playlists and insights based on habits, and Blend, letting two friends merge tastes in a playlist — Spotify loves when people share its annual Wrapped music breakdown on social media, so it´s making that more of a year-round treat.
Elizabeth Paton / New York Times:
Etsy says it is buying the fashion resale app Depop for $1.6B in an all cash deal — The acquisition is the latest to underscore the skyrocketing popularity of secondhand fashion platforms amid the pandemic. — Depop, the fashion resale marketplace beloved by Generation Z …
Charles Duhigg / New Yorker:
A close look at Chamath Palihapitiya and SPACs, which could become a fixture of the economy as investors develop proper skepticism and regulations emerge — Chamath Palihapitiya says that the investment tool lets ordinary people get rich off startups. It may be hype—but hype can be its own economic engine.
Nat Rubio-Licht / Los Angeles Business Journal:
Red 6, which is developing an AI-powered AR system for airborne military combat training, raises $30M Series A led by Snowpoint at a $130M post-money valuation — Santa Monica-based Red Six Aerospace Inc. closed a $30 Million Series A round to fund the company´s augmented reality training technology.
Kyle Wiggers / VentureBeat:
San Francisco-based ElectroNeek, which offers companies robotic process automation software, raises $20M Series A led by Baring Vostok, at a $100M valuation — Elevate your enterprise data technology and strategy at Transform 2021. — ElectroNeek, a robotic process automation . …