Google Is All Set To Acquire Fitbit

Google will be paying $7.35 per share in an all-cash deal to acquire, Fitbit, a prominent name in the wearable technology sector. The acquisition by Google gives it a valuation of $2.1 Billion. This move marks a huge step for Google in the wearable technology space where it had struggled to compete with Apple and Samsung. 

Industry experts are patiently waiting to see how Google leverages the Fitbit acquisition to drive Android app downloads and, potentially, interesting ad sale strategies. 

Los-Angeles based BuildOps raises $5.8 million in seed funding.

BuildOps is a SaaS platform for small and mid-size subcontractors commercial real-estate contractors. Led by Fika Ventures and with additional investments from big shots like MetaProp VC, Global Founders Capital, CrossCut Ventures, TenOneTen, IGSB, 1984 Ventures, L2 Ventures, GroundUp, NBA all-star Metta World Peace, Oberndorf Enterprises, Wolfson Group and scouts from Sequoia Capital the company has raised $5.8 million that it plans to utilize for their growth.

Casstime, a Chinese auto parts firm raises $80M in Series C1 led by Sequoia

Casstime, established in 2015 in Shenzen, China has raised 564million Yuan or roughly $80M in Series C1 funding led by Sequoia Capital China and Source Code Capital. Casstime is an auto parts e-commerce platform based out of China. The round also saw participation from its investor HUA Partners. “We are focused on strengthening the capacities on technology innovation, technical infrastructure, and market expansion,” said Overmars Jiang, CEO at Casstime in a company statement.

EHang, maker of autonomous flying shuttles files for IPO

After raising $50 million in funding from GVV Capital and Zhen Partners, EHang, a Chinese a maker of commercial and recreational drones has filed for a $100 million IPO.  It has filed the required paperwork with SEC to go public in the U.S. on the Nasdaq exchange. EHang is all set to start flying commercially in Guangzhou after getting approval from local and national authorities. It had also been running demonstration flights with passengers on board