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IoT security device maker Verkada hit a $5.8B valuation after new funding, source says totaling $100M, led by CapitalG; it passed $1B in annualized bookings (Jaures Yip/CNBC)

Jaures Yip / CNBC : IoT security device maker Verkada hit a $5.8B valuation after new funding, source says totaling $100M, led by Capital...

2 October 2024

VC firm CRV plans to return $275M from its $500M Select fund, citing worsening market conditions and high startup valuations relative to their potential payoff (Erin Griffith/New York Times)

Erin Griffith / New York Times:
VC firm CRV plans to return $275M from its $500M Select fund, citing worsening market conditions and high startup valuations relative to their potential payoff  —  CRV, based in Silicon Valley, plans to return to investors $275 million because the market for mature start-ups has soured.

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