Fundings & Exits – TechCrunch 11 January 2018

Dropbox files confidentially for IPO

 Dropbox has filed confidentially for IPO, according to Bloomberg. TechCrunch has been hearing that the cloud company plans to go public in early 2018. The company did not respond to request for comment. Read More

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Google acquired Redux, a U.K. startup focused on audio and haptics

 Alphabet, the umbrella corporation of Google, Inc. etc., has quietly acquired a UK-based startup called Redux, reports Bloomberg. Redux was founded in 2013 out of Cambridge, and built technology that uses vibrations to turn surfaces of phones or tablets into speakers or provide haptic feedback. The acquisition is reflected on Crunchbase, and in confirmed transfer of shares within U.K.… Read More

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Grab, Uber’s rival in Southeast Asia, pulls in strategic investment from Hyundai

 Grab, Uber’s closest rival in Southeast Asia, continues to slowly release information about its newest funding round after it revealed it has netted a strategic investment from Hyundai. To recap, the Singapore-based firm raised a massive $2 billion led by SoftBank and China’s Didi Chuxing last July with plans to extend the round by a further $500 million. Back in August, it… Read More

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Unbabel raises $23M for its ‘AI-powered, human-refined’ translation platform

 Lisbon-headquartered Unbabel, a startup that has developed what it describes as an “AI-powered, human-refined” translation platform that makes it more cost effective to conduct business globally, has raised $23 million in Series B funding. Read More

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