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The heart of tech

This article was published on March 12, 2016

    Weekend business update: Apple rebukes FBI, multi-billion valuation for WeWork and more

    Weekend business update: Apple rebukes FBI, multi-billion valuation for WeWork and more
    Jelle van Wijhe
    Story by

    Jelle van Wijhe

    Jelle is data whisperer and content sherpa for Index. He enjoys tinkering in backend dev and winning at squash. He's also TNW's not yet deth Jelle is data whisperer and content sherpa for Index. He enjoys tinkering in backend dev and winning at squash. He's also TNW's not yet dethroned champion of ping pong.

    Tensions between the authorities and Apple are steadily rising over the infamous “San Bernardino phone”, and the vibe in techland is strained. Many are awaiting the conclusion of this butting-of-heads between the private sector and the government – where the outcome is sure to be historic, regardless of the result.

    Incidentally, 14 investments this week were made into security and cyber security startups.

    At Index we spend every day gathering news on tech companies from around the world so that there’s a convenient platform for tech enthusiasts everywhere to access that data. In this series, we catch you up every week on what’s been happening in tech.

    A view of the world

    In the past week, Index logged 228 funding events from 38 different countries. The top five countries in terms of number of rounds can be seen below:

    Top-5-1

    North America

    This week in North America there were 118 investments made at a total of $2.62 billion. The biggest round picked up by a startup went to Los Angeles-based massage booking app Soothe, which collected a $35 million Series B. Check out the breakdown in funding round type for North America below:

    NA_graph_wk10

    Europe

    Europe saw 42 funding rounds for a total of $225 million. The biggest round this week was hauled in by Ireland’s 4tech Inc. The medical device company received a $29 million Series B round from Neomed Management, RMM, Aortic and Valiance Solutions. Below you can see the breakdown of rounds for the week in Europe.

    EU_graph_wk10

     

    This week’s must-reads

    Facebook announces a WordPress plugin that lets publishers easily create Instant Articles [NiemanLab]

    WeWork is now a $16 billion company [Business Insider]

    Microsoft mulled an $8 billion bid for Slack, will focus on Skype instead [Techcrunch]

    The CEO of billion-dollar startup Gusto has 75 angel investors and warns other startups: ‘There are no shortcuts’ [Business Insider]

    Tune in next week for another update on the state of tech. If you can’t wait that long, consider signing up to the Index.co newsletter to get the week’s hottest tech news straight in your inbox!

    Read next: How the BBC is building the future of TV by blowing it up into little bits