Solo.io lands USD $135M, BP acquires Blueprint

Cambridge, Massachusetts-based solo.io, a provider of application networking technology, announced it raised $135 million in a Series C round. Meanwhile, U.K.-based energy giant BP announced it has acquired New York-based Blueprint Power, a startup developing technology to turn commercial buildings into flexible power assets that generate, store and trade renewable energy.

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While cybersecurity couldn’t quite match last quarter’s record-setting fundraising total, it showed almost no signs of slowing down. Now the only real question that remains is: Will total funding for the year hit $20 billion?

The startup funding party is still raging, according to our recent Q3 report. North American venture capital investment held up at near-record-setting levels in the third quarter, as both early- and late-stage dealmaking remained on fire and big exits accumulated. Overall, investors put $79.6 billion to work across all stages from seed through technology growth, according to Crunchbase estimates.

Sales intelligence data can help sales teams automate research and customize outreach to book more meetings with qualified prospects. In this article, find everything you need to know about sales intelligence, including what it is, where it comes from, and which sales intelligence tools can help you close more deals.

To keep up on breaking news throughout the day, check out the Crunchbase News Briefing. This continuously updated daily feature on our main news site has summaries of notable funding announcements, IPOs, M&A, and other happenings in the startup world.

In this new column, we look at the biggest funding rounds from the week. Highlighted in this issue are companies selling cars, providing cloud security, and helping people with autism and diabetes. Specifically we look at automotive retail platform Tekion, autism support provider Elemy Autism Care and cloud security provider Orca Security, among others.

Sunnyvale, California-based Plug and Play Tech Center is the world’s largest startup accelerator, with more than 2,000 startups going through the organization’s programs last year. It’s also one of the most active investors in the world, investing in early-stage companies globally, according to Crunchbase data. In this Under The Hood piece, we talk to partner Ivan Zgomba about the firm’s investment strategy.

Source : Crunchbase