Friday, January 28, 2022

Daily Crunch: Israel-based cybersecurity startup Siemplify sells to Google for $500M - TechCrunch

Last updated Tuesday, January 4, 2022 18:10 ET , Source: NewsService

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Hello and welcome to Daily Crunch for January 4, 2022! Yesterday we noted that startup news was kicking off the year a little light, but that that would change quickly. And change it has. In the following we have IPO news, robot news, canned-water startup news, acquisitions and more. Let’s go! —Alex

The TechCrunch Top 3

  • Justworks’ valuation could top $2B in IPO: The first of the anticipated 2022 technology IPOs dropped a price range this morning, meaning that the public offering season is officially underway. SMB HR-focused Justworks’ valuation could scoot past the $2 billion mark, by our reckoning, when it starts to trade (we presume) later this month. For its investors, the price appears to be a win.
  • Joe Lonsdale’s bad tweets get him in trouble: After diving into the issue of disparate investment totals for different groups of people, 8VC’s Joe Lonsdale has been trying to walk back his comments on Twitter. It’s not really working, as he appears to have said what he thinks. And folks in venture are not thrilled, Natasha reports.
  • Google confirms $500M buy of Israeli cybersecurity startup: Reports that U.S. search giant Google was buying Israeli startup Siemplify have been confirmed, TechCrunch writes. Sources close to the deal confirmed the price, even if Google is staying mum on how much it dished out for the company.



Read Full Story: https://techcrunch.com/2022/01/04/daily-crunch-israel-based-cybersecurity-startup-siemplify-sells-to-google-for-500m/

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