Top tech startup news for today, Wednesday, January 8, 2020 – Apple, ClassPass, MedRisk, BigID, Alitheon, Roofstock
Good morning! Below are the top tech startups news for today, Wednesday, January 8, 2020.
Apple’s App Store platform grossed around $50 billion in 2019, paid $155 billion to developers since 2008. Tech giant Apple reported around $50 billion in sales from its App store last year, the company made the revelation during an interview with CNBC. The company also announced Wednesday that it has paid $155 billion to developers since 2008, up from $120 billion disclosed in January 2019. That means the company’s App Store had total sales maxing out at $50 billion in 2019, assuming developers take 70% of app sales, and generated about $15 billion in revenue for Apple.
Healthtech startup ClassPass raises $285M Series E to fuel global expansion and scale corporate wellness program. ClassPass, a New York-based healthtech startup and leading global fitness and wellness marketplace, announced today it has closed $285 million Series E investment to continue rapidly scaling its proprietary reservation and booking technology across the globe. The round, which was led by L Catterton and Apax Digital, with additional participation by existing investor Temasek, follows the successful expansion by ClassPass into 28 countries and the signing of more than 1,000 leading employers into its corporate wellness program. Founded in 2013 by Payal Kadakia, ClassPass provides a flexible network of fitness and wellness experiences.
MedRisk Buys boutique specialty network provide Select Provider Networks. MedRisk, a King of Prussia, Pennsylvania-based managed care organization, has acquired Select Provider Networks, Inc. (SPNet), a provider of a boutique specialty network of physical and occupational therapists to the workers’ compensation industry, from Select Medical. The amount and terms of the deal were not disclosed. Founded in 2008 by Select Medical, SPNet offers payers a prospective, managed rehabilitation solution to control physical medicine costs that includes a proprietary peer-to-peer utilization management system.
BigID kicks off 2020 with $50M to help companies secure customer data and satisfy privacy regulations. New York-based identity management startup BigID kicks off 2020 with $50 of new funding to further accelerate global sales, channel and product expansion. The round, which was led by Tiger Global, was secured less than four months after previously raising a $50M Series C. The new capital will be used to deliver new products in privacy and protection of personal data along with expansion of go-to-market strategies across the globe. Founded in 2016 by Dimitri Sirota and Nimrod Vax. The startup consists of a team security industry veterans spanning the identity, data security, big data and governance markets. BigID develops a software that helps companies have a secure customer data and satisfy privacy regulations. Organizations are facing record breaches of personal information and proliferating global privacy regulations with fines reaching 4% of annual revenue.
Real estate startup Roofstock closes $50M Series D to let investors buy shares in single-family rental properties. Roofstock announced today it has closed on a $50 million Series D equity round. SVB Capital led the financing, leading a syndicate comprised of several new investors including Citi Ventures, Fort Ross Ventures and 7 Global Capital as well as prior round lead investors Khosla Ventures, Bain Capital Ventures, Lightspeed Venture Partners and Canvas Ventures. This latest round brings the total amount of equity raised to $133 million.The funding proceed will be used to support company’s continued growth, including investment in its data science, product and engineering capabilities. Founded in 2015 by Gary Beasley and Gregor Watson, the Oakland, California-based Roofstock is an online marketplace that invests in leased single-family rental homes in a transparent, low-friction method.
Alitheon secures $14.9 million in funding led by BMW and others. Alitheon, a Bellevue, Wash.-based machine vision software startup, has closed a $14.9 million in venture capital financing to expand its FeaturePrint technology across the defense, aerospace, aviation services, automotive, semiconductor, luxury goods, additive manufacturing, pharmaceutical and government sectors. The round was backed BMW i Ventures, IPD Capital and Shasta Ventures alongside current and former senior management from Accenture, Boeing and Fidelity. Co-founded by CEO Scot E. Land, Alitheon is a leader in advanced machine vision and artificial intelligence and creator of FeaturePrint™, a patented system that connects the physical and digital worlds via a secure and immutable link.
Eyevensys Secures $30 Million Series B Financing. Eyevensys, a clinical-stage biotech startup developing non-viral gene therapies for retinal and other ophthalmic diseases, has closed $30 million Series B financing to continue the development of its clinical lead candidate EYS606 for the treatment of chronic non-infectious uveitis (NIU), including the launch of its Electro Study. The round was led by Boehringer Ingelheim Venture Fund and included participation from existing investors Pontifax, Bpifrance, CapDecisif, and Inserm Transfert, as well as new investors. Founded in 2008, Eyevensys create ophthalmic therapeutic bio factories to sustainably treat major eye diseases.