The Briefing: US Sues Facebook And Gets Reply, Cleo Raises $44M For Finance Bot, And More
Summary
The filing follows a lengthy investigation in cooperation with a coalition of attorneys general of 46 states, the District of Columbia, and Guam. In its online response, Facebook called the charges “revisionist history,” given that regulators had signed off on these acquisitions years ago, arguing that “this is simply not how the antitrust laws are supposed to work.” • Tempus secures $200M for precision medicine: Tempus, which focuses on artificial intelligence and precision medicine, announced an additional $200 million in Series G-2 financing at a post-money valuation of $8.1 billion dollars, and an additional $250 million of convertible debt. The investors include Baillie Gifford, Franklin Templeton, Google and Novo Holdings, as well as funds and accounts managed by T. Rowe Price. • SQUIRE lands $59M for barbershop platform: SQUIRE Technologies, a platform for barbershops around the world to operate and scale their businesses successfully, secured $59 million in a Series C funding round led by ICONIQ Capital. • Planet FWD secures $2.5M for snack brand: Planet FWD, a company tackling climate change through the expansion of climate-friendly food, announced $2.5 million in seed plus funding, led by Emerson Collective, as well as the launch of its Moonshot climate-friendly snack brand.