General Motors is working with Forge Nano, a materials science startup, to find new ways to enhance the performance and lifetime of electric vehicle battery cells. The automaker’s investment arm, GM Ventures, on Wednesday injected $ 10 million into Forge Nano, which is developing a thin coating the startup says will help improve safety and […]
Initialized Capital restructures, and lets multiple partners go
Initialized Capital is restructuring its team to “meet the moment” in the venture market, according to a blog post from the firm’s managing partner Brett Gibson. The San Francisco-based venture capital firm, originally founded by Alexis Ohanian, Garry Tan, and Harjeet Taggar, announced yesterday that it let multiple people go and specifically named Jennifer Wolf, […]
Vista Equity Partners and Blackstone offer to buy Smartsheet for $8.4B in cash
Vista Equity Partners and Blackstone have agreed to acquire Smartsheet, the software-as-a-service (SaaS) workplace collaboration and management platform, for $ 8.4 billion in cash. The companies say that the deal values publicly-traded Smartsheet’s shares at a 41% premium over its 90-day average closing share price. Should regulators and shareholders approve it, shareholders would receive approximately […]
Palmer Luckey returns to headsets as Anduril partners with Microsoft on U.S. military tech
Palmer Luckey, the Hawaiian-shirt wearing founder who sold Oculus VR for $ 2 billion before co-founding the military tech company Anduril, is back in the headset business — in a sense. Anduril will soon embed its software into the Integrated Visual Augmentation System headset developed by Microsoft for the U.S. military in 2021. According to […]
Insight Partners is closing in on a whopping $10B+ new fund
Insight Partners is reportedly on the cusp of on more than $ 10 billion in capital commitments for its 13th fund, per the FT. The FT report notes that two of Insight’s portfolio companies were acquired in the last week. One of these, the threat intelligence company Recorded Future, which sold to Mastercard for $ […]