Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
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ExtraHop acquired for $900M by Bain Capital and Crosspoint
ExtraHop, a provider of cloud-based network detection and response technology, announced it has entered into an agreement to be acquired by Bain Capital Private Equity and Crosspoint Capital Partners in a deal valued at $900 million.
Under terms of the deal, ExtraHop CEO Arif Kareem, co-founder and CTO Jesse Rothstein and co-founder and Chief Customer Officer Raja Mukerji will continue in their roles and to hold stakes in the company.
Founded in 2007, Seattle-based ExtraHop previously raised around $62 million in known funding, per Crunchbase data.
— Joanna Glasner
Nubank closes $750M Series G extension
Brazil digital bank Nubank announced it received $750 million in a Series G extension, which includes $250 million led by Sands Capital, as well as a $500 million stake led by Berkshire Hathaway.
The deal is an extension of the $400 million Series G round raised in January. Since its founding in 2013, Nubank has raised approximately $2 billion in funding, according to the company.
Nubank touts more than 40 million customers and intends to invest the new capital into expansion of its products, market penetration, international growth and adding more talent.
— Christine Hall
Brinqa raises $110M for cybersecurity tools
Brinqa, a provider of tools for businesses to map out cybersecurity applications, reportedly raised $110 million in a fresh funding round backed by Insight Partners.
The round marks the first institutional fundraise for Austin-based Brinqa, which was founded well over a decade ago. In exchange for the investment, Insight reportedly took a minority stake in the company.
— Joanna Glasner
Funding rounds
Pasqal raises $30M for quantum processors: Pasqal, a French startup developing quantum processors for use in complex computing challenges, raised 25 million euros ($30 million) in a Series A round from backers including quantum computing fund Quantonation.
— Joanna Glasner
Health and wellness
Liteboxer grabs $20M: At-home fitness provider Liteboxer raised $20 million in Series A funding led by Nimble Ventures. The New Hampshire-based company launched in 2020 and has raised $28.5 million to date, according to the company.
— Christine Hall
E-commerce
Pattern inks $60M: New York-based Pattern secured $60 million in a round of debt and equity capital from a group of new and existing backers, including Kleiner Perkins and RRE Ventures, to purchase direct-to-consumer brands in the home goods space.
Aura Bora drinks in $2M: Aura Bora, a craft sparkling water brand made from herbs, fruits and flowers, announced $2 million in seed funding from a group of investors, including Balanced Breakfast.
— Christine Hall
Space tech
Relativity Space takes off with $650M: Relativity Space, a Long Beach, California-based aerospace company that designs, develops and builds 3D printed rockets, announced $650 million in Series E funding led by Fidelity Management & Research Co. The new funding gives the company more than $1.3 billion in total funding since its inception in 2016, according to Crunchbase data. In addition to its Terran 1 rocket, the company is now scaling production for Terran R, a fully reusable rocket that will be 20x larger than Terran 1 and designed to operate on Mars. Starting in 2024, Terran R will launch from Cape Canaveral, Florida. Terran 1 is also set to launch this year.
— Christine Hall
M&A
Turntide Technologies acquires electric vehicle assets: Turntide Technologies said it acquired both Hyperdrive Innovation and BorgWarner’s Gateshead business, which designs power electronics. Terms of the deal were not disclosed. UK-based Hyperdrive makes high-performance lithium-ion battery packs. Both acquisitions will enable Turntide, via its new Turntide Transport division, to be a one-stop powertrain platform provider for electric vehicles.
Illustration: Dom Guzman
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Source: https://news.crunchbase.com/news/briefing-6-8-21/
