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.
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.
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.
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.
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.
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.
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.
Chinese e-commerce giant JD.com 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.
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.
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