Briefing

The Briefing: Ola Eyes 2022 IPO, Adobe To Acquire Frame.io, 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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Ola plans IPO next year

Indian ride-hailing provider Ola is planning a public offering next year, but has not yet set a date, according to CNBC coverage of an interview with CEO Bhavish Aggarwal.

Last month, Ola announced a $500 million funding round led by Singapore’s Temasek. To date, the 11-year-old company has raised $4.3 billion in known funding, per Crunchbase data.

Adobe acquires Frame.io

Adobe announced that it will acquire Frame.io, a cloud-based video collaboration platform, in a transaction valued at $1.28 billion. Founded in 2014, New York-based Frame.io previously raised at least $90 million in known funding, per Crunchbase data.

Public offerings

iCIMS files for IPO: Online recruiting platform iCIMS filed to go public on Nasdaq. The Holmdel, New Jersey-based company posted revenue of $138 million in the first half of 2021, up from $125 million in same period last year. Its net loss for the first half of this year was $31 million.

— Joanna Glasner

Illustration: Dom Guzman

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