Briefing

The Briefing: One Identity Acquires OneLogin, Ajaib Lands $153M, And More

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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One Identity acquires OneLogin

Aliso Viejo, California-based One Identity, a provider of unified identity security technology, announced that it has acquired OneLogin, a cloud identity and access management tool, for an undisclosed sum.

Founded in 2009, San Francisco-based OneLogin previously raised at least $175 million in known funding, per Crunchbase data.

— Joanna Glasner

Ajaib lands $153M

Jakarta-based Ajaib, an Indonesian online stock trading platform, reached a valuation of $1 billion after raising $153 million in a financing round led by DST Global. The company, founded in 2018, is reportedly the fastest Indonesian startup to achieve unicorn status.

— Joanna Glasner

Beacon raises $50M-plus Series B

London-based digital supply chain and freight platform Beacon raised a Series B of more than $50 million led by Northstar.vc. The company will use the money to grow its  team and technology, as well as expand into new markets, the company said in a release.

Beacon has grown revenue 12x in the last year, while increasing its team from 24 to 180 employees, the company said, as the digital transformation of logistics has taken off since the COVID-19 pandemic started.

Founded in  2018, the company has now raised more than $65 million, according to Crunchbase data.

— Chris Metinko

Rivian Files S-1

Electric-truck maker Rivian filed its S-1 registration statement with the Securities and Exchange Commission on Friday, revealing nearly $1 billion in net losses in the first six months of 2021. Rivian, which didn’t generate any revenue in the first half of this year, saw its net losses rise from $377 million in the first six months of 2020 to $994 million in the first half of 2021 as the company invested in its product and prepared to roll out its first vehicles.

According to the S-1, the company has accepted more than 48,000 preorders for its vehicles as of Sept. 30, 2021. Rivian counts Amazon and Ford among its largest shareholders.

— Sophia Kunthara

Ozy Media CEO Says Company Isn’t Shutting Down

Last week was a whirlwind for Ozy Media. After the New York Times reported that an Ozy executive allegedly impersonated a YouTube executive during a fundraising meeting with Goldman Sachs, the digital media startup effectively imploded.  An early investor in the company surrendered shares, perAxios, and on Friday the company said it would be shutting down.

But on Monday, Ozy CEO Carlos Watson said on the TODAY Show that the company wouldn’t be shutting down after all. Given the fact that Ozy let go of its staff and is still dealing with the fallout of the Times report, Ozy’s path forward is unclear.

–Sophia Kunthara

Food tech

Five Seasons Ventures raises $209M for food tech: Paris-based Five Seasons Ventures, a VC fund that invests in European food tech companies, raised 180 million euros ($209 million) for a second fund that will focus on Series A and B rounds.

— Joanna Glasner

Illustration: Dom Guzman

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