Venture

The Briefing: Autodesk Acquires Spacemaker, Robinhood Takes Aim at IPO, PingCAP Lands $270M, And More

The Briefing

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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Autodesk acquires Spacemaker for $240M

Autodesk announced it has signed a definitive agreement to acquire AI-enabled design software developer Spacemaker for $240 million in cash.

Based in Oslo, Norway, Spacemaker offers cloud-based software that leverages artificial intelligence to help architects, urban designers and real estate developers make more informed early-stage design decisions.

Founded in 2016, Spacemaker previously raised at least $25 million in venture funding, per Crunchbase data, with Atomico and Northzone as key backers.

Robinhood looking at potential IPO

Bloomberg reported Tuesday that trading platform Robinhood was shopping for banks to advise on a potential initial public offering.

If it follows through with the plans, the company could go public as soon as the first quarter of 2021.

In August, we reported that Robinhood raised a $200 million Series G that was then upstaged a month later by a $460 million addition to value the company at $11.7 billion.

Funding rounds

Illustration: Dom Guzman

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