Private Equity Could Face a Reckoning as Power Shifts in Congress
It’s too early to tell what will become law and how PE’s appetite and approach will change as a result, but certainly these are factors that could impact M&A in the years to come.
Industry News
Top valuation step-ups of 2020 dominated by fintech, lockdown friendly names
Silicon Valley heavyweights like Stripe, Chime and Instacart rode a wave of investor enthusiasm for late-stage companies that were better able to weather the pandemic due to evolving consumer demands and business needs…
Gartner Says Worldwide IT Spending to Grow 4% in 2021
Worldwide IT spending is projected to total $3.8 trillion in 2021, an increase of 4% from 2020, according to the latest forecast by Gartner, Inc. IT spending in 2020 is expected to total $3.6 trillion, down 5.4% from 2019…
Vendors Pressuring Partners to Move to Services, Says Canalys
Vendors might be pushing consumption-based IT services too hard on their partners, according to channel analyst firm Canalys…
UiPath reels in another $225M as valuation soars to $10.2B
Last year, Gartner found that robotic process automation (RPA) is the fastest growing category in enterprise software. So perhaps it shouldn’t come as a surprise that UiPath, a leading startup in the space, announced a $225 million Series E today on an eye-popping $10.2 billion valuation. Alkeon Capital led the round with help from Accel, […]
Global Venture Funding Through The Pandemic, Late-Stage Stays Strong
Very promising trend for the IT sector! The pandemic is having a very different impact on venture funding this time around in contrast to 2008 Read the rest here: https://news.crunchbase.com/news/global-venture-funding-through-the-pandemic-late-stage-stays-strong/