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SimilarWeb, an Israeli-based internet measurement company, has raised $120 million in its latest fundraising round, bringing its total funding to-date to $240 million.

Our thought bubble: The company was previously reportedly valued at $800 million after its last round in 2017, so presumably it's approaching a valuation that exceeds $1 billion.

Details: The round was co-led by ION Crossover Partners and Viola Growth. The company says the new money will fuel the expansion of its business through merger and acquisition activities as well as brand awareness.

  • The company makes money by providing subscription analytics to businesses and individuals globally.
  • That business supports its wider mission of also providing free data to users around the world.
  • When it comes to web traffic, SimilarWeb data has quickly become the standard for many companies citing web traffic trends.

The big picture: Amid the pandemic, more companies have had to quickly pivot their businesses online, expanding the digital data and analytics market.

Go deeper

Jan 25, 2021 - Economy & Business

Audio messaging platform Yac raises $7.5M Series A

Yac

Yac, an online voice messaging platform, has raised $7.5 million in venture funding led by GGV Capital and the Slack Fund, which funded the app last year.

Why it matters: Yac helps companies integrate audio messaging into their workflow. It launched at the beginning of the pandemic and has benefitted enormously from companies needed improved communication during remote work.

Jan 26, 2021 - Economy & Business

Vimeo raises $300 million, valuing company at more than $5 billion

Photo by Jaap Arriens/NurPhoto via Getty Images

Vimeo, the 16-year-old video service that started as a platform for indie filmmakers, has raised $300 million in equity from T Rowe Price and Oberndorf Enterprises at a valuation of over $5 billion, the company said Monday.

Why it matters: Vimeo has witnessed incredible success since starting to lean more heavily into software sales a few years ago. The company has nearly doubled its enterprise value in less than three months.

Ro Khanna accuses Biden of quitting Middle East

Rep. Ro Khanna. Photo: Cody Glenn/Sportsfile for Web Summit via Getty Images

An outspoken progressive Democrat is wary of President Biden’s approach to the Middle East, arguing it’s like “conceding defeat of the aspiration” to win a Nobel Peace Prize.

Why it matters: A number of members of Biden’s own party dislike his Middle East strategy, as his administration signals the region is no longer the priority it was for President Obama and his predecessors.