Lucinda Shen / Fortune:
Jeremy Liew, Bijan Sabet, and Roger Ehrenberg stepping back from active roles at their firms reflects a broader generational shift in the VC industry — This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox.
Sources: Google is in talks with ByteDance and Facebook to index and rank TikTok and Instagram videos — If you´ve ever tried searching on Google for one of those TikTok or Instagram videos all your friends are gushing about—such as sea shanties or the Renegade dance—you´ll notice something.
Andy Greenberg / Wired:
Interview with DeSnake, the self-proclaimed co-founder of dark web market AlphaBay taken down by the DOJ in 2017, on relaunching, security, and more — DeSnake apparently eluded the DOJ´s takedown of AlphaBay. The admin talked to WIRED about his return—and the resurrection of the notorious underground marketplace.
Clara Molot / Bloomberg:
Opentrons, whose robots help life scientists automate experiments and processes, raises $200M Series C led by SoftBank Vision Fund 2 at a $1.8B valuation — - $200 million funding boosts Opentrons´ value to $1.8 billion — Startup uses pool testing to speed the process, lower costs
Sources: German grocery delivery startup Gorillas raised $950M Series C led by delivery company Delivery Hero, at a valuation of $3B — Gorillas, one of the biggest of a crop of European startups in the convenience delivery market, has finalized a $950 million series C fundraising round …
Kyle Wiggers / VentureBeat:
Tel Aviv-based Panorays, which offers security risk management software, raises $42M Series B led by Greenfield Partners, bringing its total raised to $62M — The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Register now!
Alex Heath / The Verge:
Facebook details the types of posts that get demoted in News Feed, such as clickbait and spam, but stops short of saying exactly how a demotion works — A high-level look at what gets suppressed by Facebook´s algorithm — The way that Facebook controls its News Feed is often controversial and largely opaque to the outside world.
Ingrid Lunden / TechCrunch:
LG is acquiring Israeli startup Cybellum, which detects and assesses vulnerabilities in connected vehicles, for around $240M — LG Electronics, the Korean tech giant that once was a leading player in mobile phones but is now winding down that business, is making an acquisition that points …
Kyt Dotson / SiliconANGLE:
Iron Ox, an autonomous farming startup, raises $53M Series C led by Breakthrough Energy Ventures, bringing its total raised to $98M — Iron Ox Inc., an automated farming startup from California, today announced it has raised $53 million in new funding led by Breakthrough Energy Ventures.
Garrison Wells / FierceHealthcare:
eVisit, a SaaS startup helping hospitals and health care systems provide telehealth services, raises $45M Series B led by Goldman Sachs Asset Management — eVisit has closed on $45 million in Series B financing that it plans to use to expand its virtual care platform for large health systems.