This week in tech news has been huge. A market-shaking announcement in
Google’s restructuring spiked the company’s stock by 6 percent.
You probably didn’t miss that one, but if you’ve had a busy week we’ve got you covered with a collection of the most important tech news snapped up by the Index
algorithms: This week in numbers
Index filed 138 funding events this week. Median investment amount was $1.7 million, a decrease of 66 percent compared to last week. The largest event was a mammoth
$4,6 billion strategic investment by Alibaba into China-based electronics retailer Suning.
Four breakout funding rounds
NBC Universal’s investment $200m in Vox Media was confirmed, with a $850 million pre-money valuation. Vox has raised about $300 million to date.
Smart glass company
View hauled in a $150 million round from various investors. Its total funding collected to date has hit $460 million.
Jessica Alba’s company
Honest Co. raised a $100 million Series D round, bringing the eco-products company to a $1.7 billion valuation.
Grabtaxi raised a $400 million round, led by China Investment Corp (CIC). The round brings Grabtaxi’s total funding close to $1 billion. Headline highlights
Google reorganized under new umbrella company called Alphabet [The Next Web]
NBCUniversal Buys Big Chunks of Vox Media and BuzzFeed [re/code]
Adobe and Pagefair report says 198m people block ads, costing publishers over $22B this year [The Next Web]
HTC cutting 15 percent of workforce as it battles poor sales [The Verge]
Infor Buys Supply Chain Management Firm GT Nexus [Wall Street Journal]
Code for Africa gets $4.7m boost from Bill and Melinda Gates foundation [memeburn]
That’s our overview of the week in funding news and trending headlines, refined from raw Index data and curated by our team.
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