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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Nextdoor reportedly eyeing public offering

Neighborhood-focused social network is plans to go public at a valuation of between $4 billion and $5 billion.

Founded in 2008, the San Francisco-based company has raised $455 million in known venture funding to date from a long list of prominent venture and growth investors, including , , , and .

It’s uncertain what route the company is leaning toward taking to the public markets. Options include a traditional IPO, a direct listing, or a merger with a special purpose acquisition company.

M&A

Networking infrastructure company said Monday that it Burlington, Massachusetts-based AI-driven networking technology startup for $450 million.

128 Technology, led by CEO and co-founder , has raised $96.7 million to date, per 附近上门 data, including most recently a $30 million Series D round in September 2019.

鈥淭he acquisition of 128 Technology will enable Juniper to accelerate in a key area where we are seeing enormous success 鈥� the AI-driven enterprise,鈥� Juniper Networks CEO Rami Rahim said in a statement. 鈥淏oth companies share a common vision of putting user experiences above all else and leveraging automation with proactive actions to simplify IT operations. With 128 Technology, we are adding a highly differentiated technology into our award-winning arsenal of campus and branch solutions driven by Mist AI to deliver even more customer value while further accelerating Juniper鈥檚 continued growth in the enterprise.鈥�

The cash-and-stock deal is still subject to regulatory approvals and customary closing conditions.

Funding rounds

• Hyperscience raises $80M: Automation company announced an $80 million Series D financing round led by , with participation from new investor , bringing the New York-based company鈥檚 total funding to $190 million. and other existing investors participated in the round, which comes on the heels of a round in June.
• FinLocker raises $19.8M: , a St. Louis-based personal financial assistant tool that enables loans and financial transactions, announced $19.8 million in Series A financing led by .
• Solarea Bio inks $11.2M: , a biotechnology company based in Cambridge, Massachusetts, said it raised $11.2 million in a Series A financing led by and , along with existing investor and syndicate investor . Solarea is developing microbial-based treatments to aid human health.

IPOs

• Playtika files confidentially for IPO:聽Israel-based game developer announced it has for a U.S. initial public offering. The number of shares to be offered and the price range for the proposed offering have not yet been determined.

Other news

• EU investigates Instagram: is reportedly by Ireland’s Data Protection Commissioner over its handling of children’s personal data. The app’s owner, , could face a large fine if Instagram is found to have broken privacy laws.

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