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UPS - VC Deals: Salesforce Sinks $300M Into WordPress Owner
United Parcel Service Inc.
Welcome to Seeking Alpha’s Venture Capital Deals of the Week. Follow this account and turn on the e-mail alert to receive VCDeals in your inbox on Friday afternoons.
Salesforce Ventures (CRM) invested $300M in a Series D for WordPress owner Automatic, which also recently purchased Tumblr. The post-money valuation stands at about $3B. The company will use the funds to scale its businesses and continue investing in the WordPress ecosystem.
Sina (SINA) led and UPS (UPS) joined the $215M Series D for self-driving truck startup TuSimple. Total funding now stands at $215M. TuSimple will use