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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SentinelOne raises IPO range
Cybersecurity provider SentinelOne boosted the proposed range for its upcoming IPO and is now looking to raise over $1 billion in the offering.
In an amended securities filing, the Mountain View, California-based company set a price range of $31 to $32 per share, with a maximum aggregate offering size of $1.18 billion.
The scaled-up offering comes amid a red-hot period for cybersecurity funding and exits, boosted in part by the rise of remote work and demands the shift is placing on security protocols.
— Joanna Glasner
Cryptocurrency
UK watchdog bans Binance: Cryptocurrency exchange Binance has been ordered to stop all regulated activities in Britain following a decision by the U.K.’s Financial Conduct Authority. The company operates one of the largest cryptocurrency exchanges.
Robotics and automation
Botrista raises $10M for robot barista: San Francisco-based Botrista Technology, a developer of a device called the DrinkBot that prepares craft beverages like lattes and flavored lemonades, announced that it raised $10 million in a funding round led by Purestone Capital and La Kaffa International.
— Joanna Glasner
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