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Here’s what you need to know today in startup and venture news, updated by the ¸½½üÉÏÃÅ News staff throughout the day to keep you in the know.

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Grab making Nasdaq debut after SPAC merger

Singapore-based , the “superapp” popular in South Asia for ride-hailing, deliveries and commerce, made its debut on the after completing a merger with a blank-check acquirer.

Grab is merging with Altimeter Growth Corp., a special-purpose acquisition company, in a deal it describes as the largest-ever U.S. public market debut by a Southeast Asia company. The company, which will reportedly have an initial valuation of around $40 billion, trades under the ticker symbol GRAB.

— Joanna Glasner

Smartling closes $160M growth round

New York-based language translation company raised a $160 million growth investment from . The company works with professional translators to ensure translated content from its customers is accurate and localized for relevant markets, making sure the intended meaning comes across.

Founded in 2009, the company has now raised more than $220 million to date, according to ¸½½üÉÏÃÅ data.

— Chris Metinko

Panther Labs picks up $120M

San Francisco-based , a cloud-scale security analytics platform, announced $120 million in Series B funding led by . The financing sets a $1.4 billion valuation for the 3-year-old company.

— Joanna Glasner

Public offerings

Rumble going public in $2.1B SPAC deal: Toronto-based , a video platform popular with right-wing audiences, announced plans to go public through a merger with a SPAC,  Cantor Fitzgerald’s CF Acquisition Corp. VI. The deal sets an enterprise value for the company of around $2.1 billion.

— Joanna Glasner

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