Tencent backs Indian education startup BYJU’s at a valuation of $800 million

 Tencent, Asia’s highest-valued tech company, has continued to invest in India after it backed online education service BYJU’s. The startup that includes the Chan Zuckerberg Initiative and Sequoia among its investors. The size of the investment has not been disclosed, but a source close to the deal told TechCrunch that it values BYJU’s around the $…

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Cyber security startup Darktrace intercepts $64M in fresh funding at a valuation of over $400M

 Darktrace, the U.K. cyber security startup whose backers include Autonomy founder Mike Lynch’s Invoke Capital, has closed $ 64 million in fresh funding. The new round was led by global investment firm KKR, with participation from existing investor Summit Partners, and new investors TenEleven Ventures and SoftBank. Read More…

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Zenefits halves its previous valuation to $2B to head off investor lawsuits

 Zenefits is executing a change in its current ownership structure that will increase the overall ownership of the company for late-stage investors, in a move that revalues the company’s Series C round at $ 2 billion and looks to placate investor concerns over the company’s regulatory investigations. As part of accepting the new ownership changes, the investors…

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Razer Raises At A $1.5B Valuation, With $75M From China’s Digital Grid For Immersive Gaming

 Razer, the gaming technology company based out of Southern California, has raised another round of funding, a Series C that values it at $ 1.5 billion, TechCrunch has learned. The backing comes in part from China, specifically the Digital Grid subsidiary of IT company Hangzhou Liaison Interactive. Yesterday, Hangzhou published a statement (a link first published by Reuters) confirming……

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