Morning Report: Good morning from New York, where Dorkpocalypse is underway.
Crunchbase News is on the ground today in New York City, where our friends over at TechCrunch are hosting their yearly confab in the city.
Called Disrupt, the event is a hybrid of a tradeshow, an interview and panel series, and startup competition. Crunchbase has, if you recall back just a bit, showed up at a number of them over the years.
We are here to take part in the inaugural live taping of Equity, the weekly podcast that focuses on the things we love the most here: money and who has lost it. (I kid, but only a little.)
However, what matters for us today, and for those tuning in, is this: we are likely past the peak of the current technology cycle. That’s to say that we have beat the hell out of mobile, and AR and VR are so far from consumer-grade, let alone consumer-scale, that there is no new platform play blossoming. SaaS doesn’t count, and the AI-ML boom still feels more like potential than production.
So, here we are, so many years into this bull cycle. And things are still popping.
More as it happens, and we’ll throw a link to the show in here when we have it.
Stay cold, San Francisco.
From the Crunchbase Daily:
CrowdStrike secures $100M
- Another security company has joined the unicorn club. CrowdStrike, a provider of enterprise security software, has raised $100 million in Series D funding at a valuation of more than $1 billion. Accel led the round, with participation from Google’s CapitalG, Warburg Pincus, and others. Irvine, Calif.-based CrowdStrike has now raised a total of more than $250 million.
QASymphony raises $40M amid funding surge for sector
- QASymphony, a developer of software testing tools, closed a $40 million Series C round led by Insight Venture Partners, VentureBeat reports. The Atlanta-based company, founded in 2011, is one of several software testing and debugging startups to raise a large round in recent months.
Introducing the US Startup Survival Curve
- No, it’s not a new reality show. It’s a massive data-crunching project by Crunchbase News that shows what portion of U.S. seed-funded startups survive long enough to secure venture funding or an exit. The findings? Around 60 percent of startups that raise seed or angel rounds don’t make it to Series A.