Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.
Netflix will raise $1B in debt, in part to buy and create new content
Netflix officially announced its plan today to raise $1 billion in debt to fund a range of initiatives, including “content acquisitions” and “potential acquisitions.” The company did not give an official date for the debt offering, or the terms. But the size of the debt is testament to just how competitive the market for video-streaming services is becoming, and what Netflix believes it needs to do to stay on top.
Apttus raises $41M
Apttus, a company providing sales software for managing the entire cycle, from quote to payment, announced it has raised $41 million in new funding. Salesforce Ventures led the round, with additional participation from K1 Capital and Iconiq, among others.
June 5th: The AI Audit in NYC
Join us next week in NYC to engage with top executive leaders, delving into strategies for auditing AI models to ensure fairness, optimal performance, and ethical compliance across diverse organizations. Secure your attendance for this exclusive invite-only event.
Read more: Press release
This list will be updated with breaking funding news all day. Check back for more.
