Hyperloop One raises $50M, hires ex-Uber CFO
Hyperloop One has raised a $50 million round led by port operator DP World Group of Dubai, bringing total financing to $160 million. The new round comes as the Los Angeles-based developer of futuristic, high-speed transportation technology prepares for its first demonstration of a full working Hyperloop system in the first quarter of next year. Hyperloop One also announced that former Uber CFO Brent Callinicos has joined the company.
Morningstar acquires Pitchbook at $225M valuation
PitchBook, a provider of data and analysis about private capital markets, will sell to investment research firm Morningstar in a deal that values the Seattle-based company at $225 million. Morningstar was an early investor in nine-year-old PitchBook and owned 20 percent of the company prior to the acquisition.
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