Weekly Refresh: Palantir Eyes IPO, Slack’s Latest Acquisition, and More

Palantir going public could result in one of the biggest IPOs since Uber. This, and more Bay Area tech news you may have missed.

Written by Joe Erbentraut
Published on Jul. 13, 2020
Weekly Refresh: Palantir Eyes IPO, Slack’s Latest Acquisition, and More
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Palantir files for IPO. The Palo Alto data startup has announced it is filing to go public in what’s expected to be one of the biggest IPOs since Uber. The Peter Thiel-founded company is valued at $20 billion. [New York Times]

Slack acquired Rimeto. Slack has acquired another SF-based startup, Rimeto, in an effort to enrich its user profiles. Rimeto offers detailed employee directories for companies. [SF Business Times]

Uber, Postmates merging. After rumors of a Grubhub purchase waned, Uber is still upping its market share in the food delivery business thanks to its purchase of Postmates. The all-stock, $2.65 billion purchase is expected to close in Q1 of 2021. [Built In SF]

Related7 Bay Area Startups, Led by Perfect Day, Raised $500M+ Last Week

NOLO tackles the digital divide. The newly formed No One Left Offline initiative is aiming to raise $50,000 with its Bridge the Divide campaign launching later this month. It’s aiming to help Bay Area residents who do not have reliable internet access at a time when this access is particularly pivotal to daily life. [The Daily Californian]

Twitter’s new digital “camp” supports employees with kids. The social media giant just announced an eight-week virtual childcare program called “Camp Twitter.” The program will reportedly include a mix of live and on-demand classes on topics including cooking, yoga, music and art. [Built In SF]

Kaepernick, Impossible Foods aim to feed 1M people. The plant-based meat startup has partnered with Colin Kaepernick’s Know Your Rights Camp to distribute food to the hungry in SF. The partnership will continue with similar efforts in LA and New York City. [BusinessWire]

Mmhmm wants to make Zoom calls better. The videoconferencing startup, led by Evernote’s former CEO, just raised a $4.5 million seed round led by Sequoia Capital. The company is aiming to make your next team Zoom look more like an episode of SNL’s “Weekend Update” by making it easier to incorporate images and videos and make presentations more interactive. [The Verge]

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