Audio chat app Clubhouse has held discussions with investors about a new round of capital that would value the 1-year-old business at $4 billion, according to Bloomberg . Andreessen Horowitz valued the startup at $1 billion just three months ago. Yet another round of venture capital, unusual for such a nascent social media app, reflects the broader increase in valuations for fast growing...
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Sumo Logic Cuts Staff After Francisco Partners Takeover
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
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