Cabify, the Spanish Uber competitor, has raised a $120 million Series C round of investment. The company is currently expanding into Latin America and is valued at $320 million by the investment. Rakuten led the round, investing $92 million into Cabify. The company currently operates in Spain, Chile, Peru, Mexico and Columbia. Rakuten is also an investor in another competitor of Uber, Lyft.
Drone company PrecisionHawk has closed an $18 million round of funding. Verizon Ventures, a subsidiary of USAA, NTT Docomo Ventures, and Yamaha Motor all participated, as did existing investors Intel Capital, Millennium Technology Value Partners and Indiana University’s Innovate Indiana Fund. PrecisionHawk has now raised more than $30 million in total and will use the latest funds for product innovation and global expansion for its aerial data and safety platforms for drones. “Individuals and organizations across the world need better and more accurate data to manage the resources of our planet, and we are delighted to receive such a strong level of support and confidence from this group of investors to help us build out a platform for the industry,” said PrecisionHawk CEO Bob Young. “This team of partners and investors is collaborating to better serve the need for managing terrestrial change data. Providing a safe and reliable platform for managing aerial data is both an exciting and important project for our engineers and our partners.”
1mg, an Indian startup attempting to give patients more control over their health costs, has raised a $16 million Series B round of funding led by Maverick Capital Ventures, with participation from Sequoia India and Omidiyar Network, TechCrunch reports. 1mg offers an online pharmacy and a platform for finding medical labs. The company will use the new funding to build more analytic tools and to expand to 30 Indian cities by the end of next year.
Takipi, a real time event intelligence company, has closed a $15 million Series B funding round led by Lightspeed Venture Partners. Existing investors Menlo Ventures also participated. Takipi has now raised $22 million in venture funding. Venky Ganesan, managing director at Menlo Ventures, said, “We’re glad to partner with Lightspeed as we accelerate the growth of Takipi to reach every development and operations team in the world. The company has proved its value to the market and now it’s time to scale the efforts.”