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Slack Has A $250 Million Five-Year AWS Contract

Slack just went public via a direct listing that reaped big returns for VCs that backed the company when it traded in private hands. The company's valuation eclipsed $20 billion on its first day of trading, nearly tripling its pre-IPO $7.1 billion valuation. As is always the case, Slack filed with the SEC before going public. We previously touched on several key takes from Slack's SEC filing in regards to financial and business metrics.

But one key take we didn't touch on was Slack's contract with Amazon Web Services (AWS), the cloud subsidiary of e-commerce giant Amazon that made nearly $26 billion last year. Slack's SEC filing made note of a $250 million five year contract with AWS that runs from the 1st of May 2018 to the 31st of July 2023. The contract -- broken down to $50 million each year -- was a renewal of an already existing agreement with AWS, indicating Slack previously spent huge sums on the cloud hosting service.


This contract is just another indicat…

P2P car sharing startup Getaround gets $300 million round led by Softbank

Getaround co-founders (from L-R) Jessica Scorpio, Sam Zaid and  Elliot Kroo

image : Getaround

SF based peer-to-peer car rental startup Getaround has now gotten a $300 million round led by Softbank which sees the firm being valued at over $800 million post-money, marking another notable investment by Softbank into the vehicle sharing space.

This round brings the total raised by Getaround to over $400 million from several backers including Toyota, Menlo Ventures, Collaborative Fund, Redpoint, CrunchFund, Automattic CEO Matt Mullenweg, former Yahoo CEO Marissa Mayer, David Sacks and several others being previous backers for the company.

“SoftBank sees carsharing as an accelerating trend that will disrupt car ownership”, SoftBank Managing Partner Michael Ronen said in a statement. “We believe that Getaround is uniquely placed to capitalize on this by creating a marketplace that makes it easy for car owners, car renters, ride-hailing drivers, and others to transact seamlessly.”






“Getaround was the first to successfully leverage connected car technology to create an on-demand carsharing network at scale, has proven its ability to effectively expand into new markets, and develop integrations with large mobility partners such as Uber and leading automakers such as Toyota.”

Getaround aims to expand faster and also internationally, making use of this funding to boost its presence, from 66 cities in the U.S. as of current.

With Softbank encouraging partnership across its investment portfolios including Uber, Grab, GM Cruise, Didi Chuxing and Ola Cabs, Getaround stands to benefit from this associations which include major ride-hailing companies across several regions.

Softbank Managing Director and former Goldman Sachs dealmaker Michael Ronen who led this round previously led the $2.25 round for Cruise May this year, adding to Softbank's portfolio where he focuses on investing in next-generation automotive and transportation companies since joining the firm last year.







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