Yet another company hit the billion-dollar mark, and a different one took on millions in investment promising to return the favor with millions in advertising. Here’s the funding news from Silicon Valley this week:
Capital Gains: Sprinklr and Tanium Join the Unicorns, Disney Backs DraftKings and More
And a new reveal about one of Cyanogen’s investors.
Todd Bernard
- Disney is investing $250 million in the fantasy sports company DraftKings, valuing it at $900 million. The catch: DraftKings has promised to spend over $500 million in advertising on ESPN in the coming years (Wall Street Journal).
- Last week we reported that the open-source Android software startup Cyanogen raised $80 million in a new round, with a number of undisclosed strategic investors. We now know the name of one of those investors: Santander Innoventures.
- The Nebraska-based sports software and content management company Hudl raised $72.5 million in a new funding round led by Accel Partners and the ed tech company Nelnet. Hudl works with thousands of teams worldwide, including more than a dozen in the Barclays Premier League.
- With its $52 million investment in the security management startup Tanium, Andreessen Horowitz’s total investment in the company comes to $142 million — making it the firm’s single biggest investment. Up from $900 million last year, Tanium is now valued at $1.75 billion.
- Sprinklr, a company that helps brands handle social media, raised $46 million in new funding that puts the company’s value at $1.17 billion. Sprinklr’s total funding stands at over $123 million, and investors include Battery Ventures, Intel Capital and Iconiq Capital.
- HyTrust works on providing security for cloud computing and management. This week, the company raised $25 million in a Series D round, with an additional $8 million in venture debt and credit facilities (Silicon Valley Business Journal).
- Andreessen Horowitz is leading a $20 million investment in Honor, which is basically “Uber for senior citizens.” Other investors include Ron Johnson, Max Levchin, Senator Bob Kerrey and Jessica Alba.
- The on-demand in-home service provider Handy raised $15 million in a funding round led by TPG Growth and the Ashton Kutcher co-founded Sound Ventures. To date, the company has raised $60 million in funding (VentureBeat).
- Smartnews, which makes a mobile news-reading app, landed a $10 million bridge funding round led by the mobile gaming company Gree. The move puts Smartnews’ value at $320 million.
- DroneDeploy, one of the country’s largest drone makers, raised $9 million in a Series A funding round led by Emergence Capital. The company recently announced a partnership with China’s DJI, the world’s largest consumer drone maker (San Francisco Business Times).
- The enterprise technology startup ProsperWorks raised $7.5 million in Series A funding. The round was led by True Ventures, and investors include Bloomberg Beta and Crunchfund (VentureBeat).
This article originally appeared on Recode.net.
