Epic Games Raises $1.5 Billion in Funding Amid New Partnership with Disney
North Carolina-based gaming company Epic Games has secured $1.5 billion in funding through a partnership with Disney. This new investment comes as Epic Games aims to expand its reach and bring more exposure to its characters and properties, including popular Marvel Comics characters. The funding round values the gaming giant at $22.5 billion, a significant drop from its previous valuation of $31.5 billion. Epic Games, known for its popular game Fortnite, has raised nearly $8 billion in total funding since its founding in 1991.
NinjaOne Raises $232 Million for Endpoint Management and Security
Texas-based security company NinjaOne has raised $231.5 million in a Series C funding round led by Iconiq Growth. The company provides endpoint management, security, and monitoring services, with a focus on automating these processes for its customers. The funding round values NinjaOne at $1.9 billion, and the company has witnessed significant growth over the past year with over 70% annual recurring revenue growth. With the increasing need for secure endpoint management solutions due to remote work and the proliferation of different networks and devices, NinjaOne is poised for further growth and expansion.
Neurona Therapeutics Raises $120 Million for Regenerative Cell Therapy
San Francisco-based biotech firm Neurona Therapeutics has secured $120 million in financing for its regenerative cell therapy for the treatment of neurological disorders. The funding round was co-led by Viking Global Investors and Cormorant Asset Management. Since its founding in 2008, Neurona Therapeutics has raised over $320 million in funding. The company’s focus on developing innovative therapies for neurological disorders positions it well in the biotech industry, where there is a high demand for effective treatments in this field.
Starship Technologies Raises $90 Million for Delivery Robots
Robotics company Starship Technologies has raised $90 million in a funding round co-led by Plural and Iconical. Starship Technologies specializes in creating delivery robots for various purposes, including food and grocery delivery. The company’s robots are designed to operate for 18 hours on a single charge and aim to provide efficient and sustainable last-mile delivery solutions. With this new funding, Starship Technologies plans to further expand its robot fleet and continue disrupting the delivery industry.
Platform Accounting Group Secures $85 Million for Professional Services Acquisition
Utah-based accounting company Platform Accounting Group has closed an $85 million minority funding round led by Cynosure Group. The company focuses on acquiring and supporting the operation of professional services firms that offer tax compliance, outsourced accounting, and other services to individuals and small businesses. This funding round represents Platform Accounting Group’s first disclosed funding. Despite the perception that accounting may not be the most exciting industry, this investment highlights the potential for growth and profitability in this sector.
Zededa Raises $72 Million for Edge Computing Infrastructure
California-based startup Zededa has raised $72 million in funding to develop the underlying infrastructure necessary for edge computing. Edge computing, which brings data closer to the user and reduces latency, has become increasingly important in the age of AI and large-scale data processing. The funding round, led by Smith Point Capital, values Zededa at approximately $400 million. This investment will enable Zededa to further expand its edge computing solutions and cater to the growing demand for efficient data processing at the edge.
Analyst comment
1. Epic Games Raises $1.5 Billion in Funding Amid New Partnership with Disney – Positive news. The funding will help Epic Games expand its reach and bring more exposure to its properties. Market: Epic Games is poised for further growth and expansion.
2. NinjaOne Raises $232 Million for Endpoint Management and Security – Positive news. With the increasing need for secure endpoint management solutions, NinjaOne is well-positioned for growth and expansion. Market: NinjaOne is poised for further growth.
3. Neurona Therapeutics Raises $120 Million for Regenerative Cell Therapy – Positive news. The funding will support the development of innovative therapies for neurological disorders. Market: Neurona Therapeutics is well-positioned in the high-demand biotech industry.
4. Starship Technologies Raises $90 Million for Delivery Robots – Positive news. The funding will help Starship Technologies expand its robot fleet and disrupt the delivery industry. Market: Starship Technologies is poised for further growth and disruption.
5. Platform Accounting Group Secures $85 Million for Professional Services Acquisition – Positive news. The funding highlights the potential for growth and profitability in the accounting industry. Market: Platform Accounting Group has potential for growth and profitability.
6. Zededa Raises $72 Million for Edge Computing Infrastructure – Positive news. The funding enables Zededa to further expand its edge computing solutions and cater to the growing demand. Market: Zededa is well-positioned to meet the demand for efficient data processing at the edge.
