½ûÂþÌìÌÃ

Briefing Business

The Briefing: WSO2 Raises $90M, Spotify Acquires Findaway, And More

Illustration of CB reporters working.

Here’s what you need to know today in startup and venture news, updated by the ½ûÂþÌìÌà News staff throughout the day to keep you in the know.

Subscribe to the ½ûÂþÌìÌà Daily

WSO2 raised $90M for low-code software

, a low-code software maker,  announced that it raised $90 million from .

CEO said in the funding announcement that the company was conceived 16 years ago with the goal of building “the world’s best open-source software company based out of Sri Lanka.” Today, he said, the company has 800+ customers in 85 countries. 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.

— Joanna Glasner

Spotify acquires Findaway

Music streaming platform is acquiring Ohio-based , 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.

Public offerings

Embark completes SPAC merger: , 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.

— Joanna Glasner

Illustration:

Stay up to date with recent funding rounds, acquisitions, and more with the ½ûÂþÌìÌà Daily.

67.1K Followers

CTA

Discover and act on private market opportunities with predictive company intelligence.

Copy link