Thoma Bravo’s $12.3 billion purchase of Proofpoint is the largest private equity cloud deal

Gary Steele, CEO, Proofpoint Scott Mlyn | CNBC Even with private equity firms spending record amounts of cash for software in recent years, Thoma Bravo just trumped them all, announcing the biggest cloud buyout ever on Monday. Thoma Bravo said it’s buying security software vendor Proofpoint in a deal valued at $12.3 billion. The announcement … Read more

Venture funding soared to record $64 billion in Q1

Coming off a boom year for the tech industry, investors spent the early part of 2021 pouring money into food delivery companies, online brokerages and Elon Musk’s SpaceX, leading to a record quarter for U.S. venture funding. Venture-backed companies raised $64 billion in the first three months of the year, according to analysis this week … Read more

Coinbase estimates Q1 revenue jumped nine-fold to about $1.8 billion ahead of public market debut

Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch In preparation for its debut on the Nasdaq next week, cryptocurrency exchange Coinbase said on Tuesday that first-quarter revenue climbed about nine-fold from last year, driven by a historic rally in the price of bitcoin. Revenue … Read more

New York poised for a banner IPO year, showing that Silicon Valley isn’t the only tech hub

Traders on the floor of the New York Stock Exchange. Source: NYSE Wall Street has long made New York the center of the banking universe. But the city’s tech scene is finally having its moment. After a smattering of IPOs over the last decade from companies like Etsy, MongoDB, Datadog and Peloton, there’s a whole … Read more

These tech stocks have lost more than 20% of their value so far this year

Traders on the floor of the New York Stock Exchange Source: NYSE Some of the once high-flying tech stocks have reversed course and shaved high percentages off their stock prices, after rising bond yields raised concerns about valuations and higher interest rates. Investors saw a rapid rise in bond yields, which move inversely to prices, … Read more

How Salesforce became Silicon Valley’s best late-stage tech investor

Marc Benioff, chairman and co-chief executive officer of Salesforce.com Inc., speaks during the opening keynote of the 2019 DreamForce conference in San Francisco on Nov. 19, 2019. Salesforce.com Inc.s annual software conference, where it introduces new products and discusses its commitment to social causes, was interrupted for the second year in a row by protests … Read more

Stocks making the biggest moves midday: Snowflake, Palantir, Vroom and more

Here are the companies making headlines in midday trading. Snowflake – Shares of Snowflake popped more than 11% in midday trading despite losing nearly $199 million in the fourth quarter, more than double the year-ago loss for the cloud database software company. Snowflake made $190.5 million in revenue, topping estimates of $178.5 million, according to … Read more

These tech stocks could be hit even harder if rates continue to rise, says Goldman Sachs

People walk by the New York Stock Exchange (NYSE) on the morning that the music streaming service Spotify begins trading shares at the NYSE on April 3, 2018 in New York City. Spencer Platt | Getty Images The recent jump in interest rates and rising fears of inflation could hit one group of stocks particularly … Read more

Amazon’s next CEO, Andy Jassy, transformed e-commerce company into a cloud computing giant

Andy Jassy, Amazon AWS  Source: CNBC Andy Jassy has spent the past 15 years converting Amazon from an e-commerce giant into a highly profitable technology company, creating and then dominating the cloud infrastructure market. Now, he’s about to take center stage as CEO of the third-most valuable U.S. company after Apple and Microsoft. Amazon said … Read more