Health insurance startup Oscar gets $375M from Alphabet | Funding round brings in $50M for cyberthreat detection startup Exabeam | Audit, compliance software startup AuditBoard raises $40M
August 15, 2018
NVCA SmartBrief
News for the startup ecosystem
The Lead
Health insurance startup Oscar gets $375M from Alphabet
Oscar Health, a startup that has been described as a next-generation health insurer, has received a $375 million investment from Alphabet. The insurer will pick up the pace of an expansion that will include entering the Medicare Advantage market in 2020.
TechCrunch (8/14),  Wired (tiered subscription model) (8/14) 
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Capital Call
Funding round brings in $50M for cyberthreat detection startup Exabeam
Exabeam, a startup whose platform spots and deals with cyberthreats by first determining what is normal on a computer system to distinguish it from what isn't normal, raised $50 million in its latest funding round. With the capital, the company will accelerate global expansion.
VentureBeat (8/14) 
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Audit, compliance software startup AuditBoard raises $40M
AuditBoard, a startup that developed an audit, risk-management and compliance software service tailored to the needs of major corporations, raised $40 million in its latest funding round. AuditBoard's clients include Express Scripts, HD Supply, Spirit Airlines and TripAdvisor.
TechCrunch (8/15) 
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Ubiquity6 raises $27M to enhance usability of AR
Ubiquity6, a startup that creates tools intended to help users make the most of augmented reality technology, raised $27 million in its most recent funding round. The startup's app isn't on the market yet.
TechCrunch (8/14) 
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Marketing analytics startup Analytics Pros bought by AdSwerve
Analytics Pros, a startup that offers web and mobile analytics, optimization and related services, has been acquired by AdSwerve for $24 million. Analytics Pros will "transition" into AdSwerve early next year.
Xconomy (8/14) 
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Smartphone-connected dashcam startup Owl Cameras raises $10M
Owl Cameras, a startup that makes a dashcam that can send images to a smartphone, raised $10 million in its latest funding round. The money will be used for expansion.
VentureBeat (8/14) 
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View from Abroad
Electric-car startup Faraday Future opens HQ in China
US-based electric-car startup Faraday Future has opened a headquarters for operations in China, said Evergrande Health Industry Group, which holds a 45% stake in the company. Faraday plans to open five development and production facilities across China within 10 years, Evergrande said.
Reuters (8/14) 
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Food marketplace startup Karma raises $12M
Karma, an online marketplace selling food items that restaurants and supermarkets have too much of, raised $12 million in its latest funding round. The company is active in London and Sweden but plans an expansion, first in Europe and later in the US.
VentureBeat (8/15) 
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Corporate Venture Capital
China's reportedly to back Sequoia Capital China fund
Chinese e-commerce giant and a government-owned venture capital fund will join with Sequoia Capital China to invest in late-stage tech startups, sources say. China's startups are often at least 40% more expensive than comparable companies in the US, and in some cases are twice as expensive.
Reuters (8/14) 
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Sector Spotlight: Tech
Mayor de Blasio signs bills suspending issuance of ride-hailing permits
New York City Mayor Bill de Blasio signed into law legislation for a one-year suspension of the issuance of ride-hailing permits with the goal of reducing congestion on city streets and offering drivers better working conditions. The legislation also sets a minimum payment for drivers during shifts that comes to $17.22 an hour.
The Wall Street Journal (tiered subscription model) (8/14) 
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