Friday business roundup: Google updates logo, PayPal launches p2p service, exit Adobe Flash

Friday business roundup: Google updates logo, PayPal launches p2p service, exit Adobe Flash

The first week of September opens the month with an upturn in startup and tech activity – a more optimistic outlook than at the end of last month. The week included yet another set of notable moves by big players like Adobe, Facebook and Google.

So before you get too far into a weekend midset, let us quickly recap the week’s events. We picked out the need-to-knows from the stories that made the top of Index’s algorithms for you.

This week in numbers

Index recorded 118 funding events and 24 acquisitions this week. The median amount raised by startups was $2.5 million, and uptake of 32 percent over the last week of August. The largest investment round was raked in by security and systems management company Tanium, which received $120 million in private equity led by TPG and Institutional Venture Partners.

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Four breakout funding rounds

Cloud-based retail analytics provider Capillary reeled in a $45 million Series C round led by Warburg Pincus. The company, based in Singapore, also acquired Ruaha Labs and e-commerce platform MartJack.

Barcelona based mobile classifieds app Letgo raised a $100 million investment from South African media outfit Naspers.

Apttus, a company that was bootstrapped for the first 7 years of its life, raised a $108 million Series C round led by KIA. The company in now valued at over $1 billion.

Cloud-security service provider Netskope pulled down a $75 million Series D round, continuing a trend of large funding rounds for companies operating in the security market.

Headline highlights

Amazon acquires Elemental Technologies for a reported $500 million in cash [TechCrunch]

Google has a new logo, seriously [The Next Web]

The death of Adobe Flash may not be entirely good for the web [Wired]

PayPal launches PayPal.me to compete with Square’s Cashtags [VentureBeat]

Facebook newest app helps educators track students’ progress [The Next Web]

Samsung’s Gear S2 is its best-looking smartwatch yet [The Verge]

WhatsApp Hits 900M Monthly Active Users [CNET]

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