The Briefing: WSO2 Raises $90M, Spotify Acquires Findaway, And More
Summary
It employs over 800 people in Sri Lanka and also has a presence in the U.S., U.K., Brazil, Australia, Germany, Dubai and India. Music streaming platform Spotify is acquiring Ohio-based Findaway, a digital audiobook distributor, for an undisclosed sum. Spotify characterized the deal as a strategic move to accelerate its entry into the rapidly growing audiobook industry. Embark completes SPAC merger: Embark Trucks, a developer of autonomous technology for the trucking industry, announced it has completed its previously announced merger with a SPAC, Northern Genesis Acquisition Corp. II. The combined company has been renamed “Embark Technology” and has commenced trading on Nasdaq under the ticker symbol EMBK.
Funding
Amount
$90.0M
Total raised
Date
November 11, 2021
Announcement date
Investors
Spotify
Lead investors
Company
http://www.wso2.com
Funded company
Classifications
industries
Entertainment
applications
Data Management
AskAI Classifications
Labels
API Management
Integration Software
Identity and Access Management
Linked Companies
WSO2
$100M to $250M