Inc. 5000 rankings. Gawker shuts down. Driverless vehicles in Pittsburgh.


Uber made a huge move in the autonomous vehicle space this week by acquiring self-driving truck startup Otto for a reported $680M. 

Not much is known about Otto since it was in stealth as recently as 3 months ago. But here's the assessment of George Hotz, the 26-year-old outspoken founder of Andreessen Horowitz-backed startup, which is developing driver-assistance kits for use in existing vehicles. Hotz has publicly trashed publicly-traded Mobileye’s driver-assistance tech, ridiculed Elon Musk and Tesla (he had a dartboard with Musk’s face on it in his office), and called Google’s self-driving car “fairly dumb.” But this is what he said on the This Week In Startups podcast: 

I like Otto, I don’t speak highly of too many companies in this space. Otto is a bunch of ex-Google guys who got fed up with the fact that Google didn’t ship … I think they’ll do well, I’m happy they’re not in the same product segment as us. They’re winners.

Not faint praise. Ironically, it seems Otto's autonomous tech could now very well emerge as a competitor to's eventual products as Uber integrates Otto's tech & talent. 


P.S. Our auto tech newsletter was on break this week but will be back next week to analyze this deal and all things tech, auto, and logistics. Sign up here

The Week In Data

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Here's what the team at CB Insights has been talking about.

Mosaic Momentum Alerts

These startups saw the biggest uptick in their Mosaic momentum scores in the last week. 

The CB Insights Mosaic algorithm is a National Science Foundation-backed score that tracks the health of private companies using public data.

1. Proven+300
Proven is an employment-related search engine. Investors include 500 Startups and a16z.

2. Cloud Imperium Games+260
Cloud Imperium Games is a video game company.

3. EvenBoard+250
EventBoard, by Ender Labs, is a cloud-based meeting room management and facilities analytics platform.

4. CouchSurfing+210
CouchSurfing is a social travel network. Investors include General Catalyst Partners and Menlo Ventures.

5. Zift Solutions+200
Zift Solutions aims to increase channel sales and marketing impact using a technology platform.

6. Boomtrain+170
Boomtrain is an artificial intelligence powered marketing platform. Investors include Cota Capital and Correlation Ventures.

7. Sharecare+110 
Sharecare is an online health and wellness engagement platform. Investors include Hearst Ventures and Galen Partners.

8. CloudPassage
CloudPassage is a security and compliance platform. Investors include Lightspeed Venture Partners and Musea Ventures.

9. Wombat Security Technologies +90
Wombat provides anti-phishing solutions for businesses and software-based cyber security training platforms. 

10. Rightpoint+90
Rightpoint is a digital agency and technology consulting company. 
The Week's Top Deals
We tracked 304 deals totaling $3.8B in the last week. Here's the top 10. Run this search on CB Insights to see them all.
1. MAA and Post Properties merger
Memphis-based MAA and Atlanta-based Post Properties merge to form one the largest publicly trading REIT portfolios of US owned apartments

2. WM Motor raises $1B Series A
China-based WM Motor is an electric vehicle manufacturer which raised one of the largest Series A rounds to date at $1B. The company was founded by former Volvo executive Freeman Shen to challenge Tesla.

3. Uber acquires self-driving truck company Otto
This week Uber announced the acquisition of Otto, a self-driving truck software and hardware company for $680M. Otto’s founders were formerly a part of Google before founding the company.

4. Twitch-like DouyuTV raises $226M
This week, Tencent led the $226M Series C into game streaming platform DouyuTV. Sequoia Capital China and Nanshan Capital are backers of the company as well.

5. India-based Hike raises mega-round
Hike raised an $175M Series D round Led by Tencent and Foxconn. The company counts 100 million subscribers who are primarily based in India. 

6. China health app Meet You snags $151M
Meet You is a menstrual management tool for females. The company counts over 100 million users and primarily monetizes through e-commerce and advertising.

7. Velodyne raises $150M
Lidar sensor company Velodyne raises $150M from Baidu and Ford to expand design and production of its Lidar sensors.  

8. India-Based women apparel company raises private equity
TCNS has raised $140M from TA Associates, a global growth equity firm based in the US. TCNS manufactures and sells contemporary ethnic wear, and targets women between ages 25-40.

9. Tioma Therapeutics raises $86M
Tioma Therapeutics develops anti-CD47 antibodies for the treatment of solid and hematologic cancers. They announced an additional $86M Series A in financing this week from RiverVest Venture Partners, Novo Ventures, Roche Venture Fund, and SR One.

10.  Oyo Rooms adds another $62M
After raising a $100M Series D in April 2016, Oyo Rooms announced a $62M Series E this week led by SoftBank Group. 
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