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Capital Gains: Twitter Buys a Live Streaming Video Service Periscope and More

Money makes the world go round. Lots of money even more.

Vjeran Pavic

Twitter bought the live streaming video company Periscope, Alibaba invested $200 million in Snapchat and here’s the rest of the funding news from Silicon Valley:

  • Bain Capital bought the cybersecurity firm Blue Coat for $2.4 billion, from the private equity firm Thoma Bravo. Blue Coat was taken private by Thoma Bravo in 2012 for $1.3 billion.
  • The Chinese e-commerce giant Alibaba is investing $200 million in Snapchat, a deal that would set the social media company’s value at $15 billion.
  • The IT hardware maker Simplivity raised $175 million in a Series D funding round that puts the company’s value at over $1 billion. The investment was led by the Switzerland-based Waypoint Capital.
  • Zuora, a firm that specializes in the software for subscription payments services, raised $115 million in a funding round led by Wellington Management, BlackRock, Premji and Passport Capital. The round sets Zuora’s value at close to $1 billion, and gives the company $250 million in total funding.
  • The enterprise software company Looker raised $30 million in a Series B funding round led by Meritech Capital Partners. Looker has more than 250 clients, including Yahoo, Dollar Shave Club, Warby Parker and Instacart (Fortune).
  • Starmaker, a digital platform for aspiring singers, raised $6.5 million in a Series B round led by Raine Ventures. Some of Starmakers partners have included “The Voice” and “American Idol” (BusinessWire).
  • A couple months after introducing videos to Twitter, this week the social media company revealed it had bought the live video streaming app Periscope in January.
  • Facebook acquired a product search engine called TheFind this week in an effort to help beef up its advertising technology. Terms of the deal haven’t yet been disclosed.
  • Kill Technology, a startup focused on integrating wireless payments systems into mobile devices, was bought by the digital commerce company Square.

This article originally appeared on Recode.net.

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