Axiomatic Gaming, the parent of esports organization Team Liquid, raises $35M led by Ares Management, valuing Team Liquid at $415M (Matt Craig/Forbes)

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Sources: German grocery delivery startup Gorillas raised $950M Series C led by delivery company Delivery Hero, at a valuation of $3B (The Information)

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CBP scanned 23M+ people with facial recognition tech at airports, seaports, and pedestrian crossings in 2020, and reveals it caught zero imposters at airports (Dave Gershgorn/OneZero )


Bigeye, whose data observability platform helps companies manage and improve data quality, raises $45M Series B led by Coatue, bringing its total raised to $66M (Kyle Wiggers/VentureBeat)

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India’s ban on Chinese apps, including TikTok, has allowed homegrown short-video apps like Josh to thrive; Josh has 150M+ MAUs and a $5B valuation as of April (Saritha Rai/Bloomberg)

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Luminar hires CJ Moore, a manager on Apple’s car project who joined from Tesla in August 2021, to lead software development (Gabrielle Coppola/Bloomberg) reports Q1 revenue rose 18% YoY to ~$35.6B, beating analyst estimates, as its net loss reached ~$445M; JD stock jumps 7%+ on NASDAQ (Coco Liu/Bloomberg)

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New bipartisan Senate bill prohibits companies with $20B+ in annual digital ad transactions from participating in more than one part of the digital ad ecosystem (Keach Hagey/Wall Street Journal)


Grailed, a streetwear resale platform, raises $60M Series B led by competitor Goat Group with participation from Thrive Capital and Index Ventures (Lucy Maguire/Vogue Business)

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Daversa, an executive recruitment firm for companies like Instacart and Spotify, is facing allegations of male-on-male harassment and assault in a new lawsuit (Zoe Schiffer/The Verge)