This Week in Martech: Verbit Raises $250 Million Series E. Grammarly Raises $200 million. BluprintX EMEA Acquires Color. DHgate and Google Partner. Pendo Raises $110 million. Daily Raises $40 Million. Ericsson Buys Vonage. Deloitte Acquires Madras Global
Verbit Raises $250 Million Series E
Voice AI transcription and captioning company, Verbit, has raised $250M in its Series E funding round.
The round was led by Third Point Ventures, with additional participation by existing investors. It's total funding now exceeds $550M since the company's inception.
Grammarly Raises $200 million
Another from the AI space. AI writing aide developer Grammarly has raised $200M. This most recent round puts the company's valuation at around $13B.
“We believe this funding round is a great validation of our business strength,” Rahul Roy-Chowdhury, Grammarly’s global head of product
BluprintX EMEA Acquires Color
For Color, the team will now be part of a rapidly growing global group of businesses.
DHgate and Google Partner
B2B cross-border e-commerce marketplace DHgate has announced it's partnership with internet giant Google. Together the companies will launch a joint advertisement solution to make it quicker and easier for exporters to market overseas to drive online sales.
Pendo Raises $110 million
Product analytics and digital adoption platform Pendo has raised $110M, thanks to investment from private equity firm Thoma Bravo.
This news comes only four months after they announced a $150M, at a $2.6B valuation.
Daily Raises $40 Million
Daily, a provider of WebRTC video and audio APIs that allows developers to build experiences into apps, has raised $40M in Series B funding.
This raises the companies total funding to more that $60M, and was led by Renegade Partners.
Ericsson Buys Vonage
European telecom vendor Ericsson has agreed to acquire cloud-based communication's company Vonage. This acquisition underlines Ericsson's strategy to expand its presence in wireless enterprise.
Deloitte Acquires Madras Global
Deloitte Digital, a consultancy focusing on experience, has announced its parent company has acquired Madras Global for an undisclosed sum. This move is expected to enable the company to offer customers support in content production.
MarTech News Round-up – over and out.
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