Weekly Top-5
Solarisbank turns unicorn raising $224M, announces deal to acquire Contis
At a Glance Solarisbank attains the unicorn tag after raising €190M ($224M) in an oversubscribed funding round led by Decisive Capital Management. It has also announced that it would acquire Contis to fulfill its aspirations of providing banking-as-a-service across Europe
Top News
Nium turns unicorn after raising over $200M at a valuation above $1B
At a Glance Nium, a global B2B payments network, has raised more than $200M in a Series A round, at a valuation of more than $1B, making it a unicorn. The money will be used to…
Dover announces its acquisition of CDS Visual
At a Glance Dover has acquired CDS Visual Inc., a provider of SaaS solutions. Dover’s Engineered Products business will house CDS Visual as an operational unit. CDS…
Deloitte acquires Sentek Global and TransientX to bolster secure networking, cybersecurity offerings
At a Glance Deloitte has made two acquisitions – TransientX and Sentek Global – for an undisclosed sum to bolster secure networking and cybersecurity offerings to…
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Video surveillance-as-a-service (VSaaS) and its rising market
At a Glance The video surveillance-as-a-service market has witnessed significant growth. The VSaaS market, based on cloud, is expected to surge from $45.5 billion in 2020 to $74.6…
Global news
Google Cloud becomes strategic cloud partner in RISE with SAP program
At a Glance Google Cloud has strengthened its relations with SAP by becoming a strategic cloud partner for SAP’s RISE with SAP program. The two businesses will work under the terms of the new agreement to help clients with cloud migrations and business process transformations.
Algolia turns unicorn raising $150M in Series D at $2.25B valuation
At a Glance Algolia attains the unicorn tag, raising $150M in Series D from Lone Pine Capital. The round quadrupled its valuation achieved during its Series C in 2019, taking it to $2.25B. The company plans to address the increased demand for its search and recommendation products, continue…
Limelight Networks enters definitive agreement to acquire Layer0
At a Glance Limelight Networks has announced its definitive acquisition agreement with Layer0, to purchase the latter in a cash and stock deal. The acquisition is aimed at making Limelight meaningfully transform into an edge SaaS provider and also driving its revenue, margins and EBITDA
