Lume Weekly Private Market News & Notes 1.9.2022

Covers news about startups, private deals, technology, and innovation in the private market

📊 Stats of the Week 📊

💰 Fundraising 💰

AI and analytics platform Dataiku raises $200M at a reduced valuation (Dec 13)

• Dataiku, which sells tools to help customers build, test and deploy AI and analytics applications, announced that it raised $200M in a Series F round at a $3.7B valuation, down from the $4.6 B valuation that Dataiku received in August 2021. Earlier this year, Dataiku revealed its annual recurring revenue $150M.

CyberCube raises $50M (Dec 19)

• Cyber risk analytics company CyberCube announced $50M in growth capital from investment funds managed by Morgan Stanley Tactical Value.

SpaceX raising $750M at a $137B valuation, investors include Andreessen-Horowitz (Jan 2)

• SpaceX, is raising $750M in a new round of funding that values the company at $137B, according to CNBC.

Netskope raises $401M convertible note (Jan 5)

• Cloud security startup Netskope received a $401M in new funding through convertible notes led by Morgan Stanley Tactical Value. Founded in 2012, Netskope has now raised $1.4B.

Chronosphere raises new funding at a $1.6B valuation (Jan 5)

• Chronosphere, a startup that helps companies monitor their cloud-based applications and competes with publicly traded Datadog, has raised $100M in funding from Alphabet's startup-investment arm, GV, and other investors.

Property management startup Doorstead raises $21.5M Series B (Jan 6)

• Doorstead, a provider a property management service, raised $21.5M in Series B funding. Doorstead makes its money strictly by charging an 8% management fee. The company saw 270% property growth in 2022 and it has served “thousands” of owners over the years, generated over 30,000 guaranteed rental offers and currently has north of $1B worth of properties under management.

KreditBee nears $700M valuation in new funding (Jan 6)

• Indian fintech KreditBee has raised an additional $100M in a funding round at an valuation of about $680M. The startup said it is on track to bulk its asset under management to over $1B in the next six to nine months.

🗞 Others 🗞

FTX co-founder Gary Wang and Alameda’s Caroline Ellison plead guilty to federal charges (Dec 21)

• According to CNBC, FTX co-founder Gary Wang and former Alameda Research co-CEO Caroline Ellison have both pleaded guilty to federal charges. Meanwhile, Sam Bankman-Fried was extradited to the U.S. from the Bahamas, facing suits by the SEC and CFTC over fraud, as well as federal criminal charges.

Bitcoin miner Argo Blockchain sells Ttexas facility to Galaxy Digital for $65M (Dec 28)

• Galaxy Digital has agreed to acquire Argo Blockchain’s bitcoin mining facility for $65M. Galaxy will also provide Argo with a $35M loan as the company restructures.

Meta acquires Luxexcel, a smart eyewear company (Dec 31)

• Meta confirmed to TechCrunch that it is purchasing Luxexcel, a smart eyewear company headquartered in the Netherlands. The terms of the deal have not been disclosed.

Pipe website new look (Jan 5)

• Pipe announced its new redesigned website.

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