GM buys Cruise in a reported $1B+ deal.

In a move into driverless cars, General Motors announced this morning that it will purchase self-driving tech startup Cruise, in a deal reported to be above $1B. The price tag represents a huge premium over the $90M that Cruise was last valued at in September of 2015 when it raised a $12.5M Series A led by Spark Capital.

Catch CrunchBase + KITE at SXSW:

Matt Kaufman, Head of Operations at CrunchBase, is taking the stage with KITE, to discuss enterprise innovation data, tools and playbooks. To make the fest manageable, KITE has curated a master report of over 550 emerging tech companies with nearly $30b in funding and 50,000 employees.

And then head to Brooklyn for TechCrunch Disrupt NY 2016:

Coming up this May and hosted in Brooklyn for the first time ever, TechCrunch Disrupt NY will feature Fred Wilson, Skimm founders Carly Zakin and Danielle Weisberg, Giphy’s Alex Chung and Josh Kopelman of First Round, among others. Snag tickets here while you still can.

Introducing new ways to access CrunchBase Data:

Uncover new opportunities, discover industry trends, and build powerful apps using the Daily Excel Export or API.

Recent Activity on CrunchBase

406

Funding Rounds Added

129

Acquisitions Recorded

$4.3B

Fundings
Captured

28,043

Entities
Updated
Advertise on CrunchBase
Access CrunchBase Data in Excel
Leverage the Daily Excel Export to track the latest fundings, investor details, and exits.
Get started

Recent Investments

Soothe

$35M / Series B

Soothe is an on-demand massage startup. This round will go towards Soothe’s expansion and the recruitment of new massage therapists, and brings their total funding to $47.3M.

Categories:

Los Angeles · Health Care · Personal Health

Founders:

Merlin Kauffman, Bradley Herman

Investors:

Riverside Company (Lead)

Whistle Sports

$20M / Series C

Whistle Sports is a digital-sports media company. Launched in 2014, the company has a network of 400 sports content creators, and claims to have total of 170 million subscribers.

Categories:

New York · Video Streaming · Sports

Founders:

John West, Jeff Urban

Investors:

NBC Sports Ventures (Lead), Emil Capital Partners, Tegna, + 1 more

Penrose Studios

$8.5M / Seed

Penrose Studios is a virtual reality media company that specializes in films. The company’s first VR film, The Rose and I, debuted at the 2016 Sundance Film Festival. They are currently working on their second film, Allumette, set to premier in April.

Categories:

San Francisco · Video · Film Production · Film · Augmented Reality

Founders:

Eugene Chung, Jimmy Maidens

Investors:

AITV (Accelerate IT Ventures) (Lead), Suffolk Equity Partners, 8 Angel, + 1 more

More Investments
Company Amount / Round Lead Investor
Justworks $33M / Series C Redpoint Ventures
4Tech $29M / Series B Valiance Solutions, RMM
EZBOB 20M GBP / Series C Oaktree Capital Management, Leumi Partners
Bustle $12M / Series D Saban Capital Group
Avametric $10M / Series A Khosla Ventures
PropelPLM, Inc. $4.2M / Series A
Constant Therapy $2.0M / Series A Golden Seeds
Confide $1.6M / Seed
Instacart unknown / Private Equity Whole Foods Market
All Recent Funding Activity

Recent Acquisitions

Present Plus

Acquired by WeTransfer

Cardinal Path

Acquired by Dentsu Aegis Network

More Acquisitions
Company Acquired by Amount
Reputami GmbH eKomi
All Recent Acquisition Activity
 

Upcoming Tech Events

Pioneers Asia

March 23, 2016 9:00am in Tokyo

Pioneers in partnership with Nikkei Inc, Asia’s largest business media organisation, is bringing together the smartest startups.
More Events
Start Date Event Location
Mar 17, 2016 SMX Munich 2016 Munich
Mar 18, 2016 Start Summit 2016 Saint Gallen
Mar 22, 2016 Webbdagarna Stockholm 2016 Stockholm
More Upcoming Events
Accelerator Deadlines
Date Accelerator Location
Apr 10, 2016 Barclays Accelerator London
Mar 31, 2016 Matter San Francisco
Apr 10, 2016 Disney Accelerator Los Angeles
More Upcoming Deadlines

Don’t see your event? Reach out to us at events@crunchbase.com.

Discover innovative companies and the people behind them.

Follow Us on CrunchBase View Jobs on LinkedIn Follow Us on Twitter Like Us on Facebook
410 Townsend Street, San Francisco, CA 94107 © 2016 CrunchBase Inc. All rights reserved. Privacy Policy | Terms of Service If you would no longer like email updates from CrunchBase, you can unsubscribe here.