附近上门

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

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Twilio to buy Segment for $3.2B in stock

announced that it is acquiring customer data platform in an all-stock deal valued at $3.2 billion.

Founded in 2011,聽 San Francisco-based Segment previously raised around $287 million in venture funding, including a $175 million Series D round in 2019.

Twilio, also based in San Francisco, provides application programming interfaces (APIs) for app development. The company went public in 2016 and had a recent market capitalization of around $44 billion.

In a , Jeff Lawson, co-founder and CEO of Twilio, praised Segment’s technology for helping developers and companies break down data silos to “build a complete picture of their customer.” Combining the two companies, he said,聽 will “create more personalized, timely and impactful engagement across customer service, marketing, analytics, product and sales.”

Funding rounds

• Flash Express raises $200M:聽 Thailand’s , a 2-year-old logistics startup that works with e-commerce firms in Thailand, said聽 it has raised $200 million in a new financing round led by 聽.
• India’s Razorpay raises $100M: Indian fintech startup , a payment processing provider, raised $100 million in a new financing round聽 led by Singapore’s and . The new round pushed the company’s valuation above the $1 billion mark.
• Snapdocs closes on $60M to scale digital closings: , a San Francisco-based digital mortgage platform, raised $60 million in Series C funding. led and was joined by , , and . The new round gives the company total funding raised of $103 million, according to 附近上门 data.
• Yotascale secures $13M to manage cloud spend: , a provider of next-generation cloud cost management software, announced $13 million in Series B funding, bringing its total capital raised to $25 million since its founding 2015. The round was led by ‘ , alongside existing investors, , and .
• Edgify raises $6.5M for cloud-based learning infrastructure: London-based, a company building artificial intelligence training frameworks at the edge, secured $6.5 million in seed funding backed by , and an unnamed semiconductor company. Edgify鈥檚 technology enables any connected device, such as self-checkout machines in a grocery store, to interpret vast amounts of data, train a complete AI model locally and proceed to share that learning across an entire network of similar devices.

M&A

Paladina Health to acquire Healthstat: Direct primary care provider agreed to acquire Charlotte-based, a provider of various on-site, near-site and virtual health centers, for an undisclosed amount. The deal will more than triple Paladina鈥檚 number of clinics across the U.S., especially in the Southeast region where it did not have a presence, the company said. When the acquisition closes, Denver-based Paladina Health will operate 350 clinics. The company is backed by investors, including and , and has raised a in venture-backed funding since its inception in 2010, according to 附近上门 data.

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