The Briefing: Darktrace Soars In IPO, Mux Picks Up $105M, And More

Acquisitions

Summary

The Cambridge, U.K.-based company priced shares for its offering before trading commenced at a valuation of around $2.4 billion. Founded in 2013, Darktrace uses AI to detect and respond to threats in companies’ IT systems. Mux’s technology helps developers build live and and on-demand video streams, something that became more popular during the COVID-19 pandemic with many people staying home. The round, which was led by Coatue, brings Mux’s total funding to $175 million. OnLume Surgical raises $7M Series A: Madison, Wisconsin-based OnLume Surgical, a medical device company developing novel imaging systems for use during surgery, announced the completion of its Series A funding to assist its plans for a commercial launch.

Classifications

industries
Media and Publishing
applications
Web and Content Management

AskAI Classifications

Labels
Video Streaming Software API SaaS

Linked Companies

Mux
$5M to $10M