DriveNets nabs $208M at a $1B+ valuation for its cloud-based alternative to network routers – ITPro.works

People and businesses are relying on the internet to get things done more than ever before, an opportunity but also an infrastructure headache for service providers that need to scale … Read More

Melio raises $110M on a $1.3B valuation to bring B2B payments for SMBs into the 21st century – ITPro.works

Payments for consumers have made a huge shift to the online world in the last year, a time when they have moved more of their purchasing to the internet to … Read More

Forsaking funding at a $1 billion valuation, Solugen preps a new green chemical product and a big 2021 – ITPro.works

Late last year, Solugen, a startup using synthetic biology to take hydrocarbons out of the chemicals industry, decided against pursuing a new round of funding that would have valued the … Read More

K Health expands into virtual childcare and raises $132 million at a $1.5 billion valuation – ITPro.works

K Health, the virtual health care provider that uses machine learning to lower the cost of care by providing the bulk of the company’s health assessments, is launching new tools … Read More

Poshmark is pushing into the public market at a high-end valuation as the resale market sizzles – ITPro.works

Poshmark, the nine-year-old, Redwood City Ca.-based online marketplace for second-hand clothing, beauty, and home decor products, is set to start trading as a public company on the Nasdaq tomorrow after … Read More

Affirm boosts its IPO price target, more than doubling its latest private valuation – ITPro.works

Who is mispricing whom? This morning Affirm, the buy-now-pay-later financing startup, raised its IPO price range to $41 to $44 per share, up from a previous range of $33 to … Read More

Mambu raises $122M at a $2B+ valuation for a SaaS platform that powers banking services – ITPro.works

Challenger banks, incumbent banks, and all of the many businesses that are making inroads into any kind of banking service all have something in common: when it comes to launching … Read More

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