How a drug is born, Accel’s gloomy cloud report, and more - October 18, 2022

October 18, 2022 [Startup Insider: How a molecule becomes a drug]( It’s hard to understand or critique the technological advancements we’re seeing in drug development if we don’t know how the process works to begin with. We break down what’s driving billions of dollars in the most risky startup sector in the world. [Accel’s Euroscape 2022: Cfloud companies vaporized $1.6T in value]( U.S. and European public cloud companies have lost $1.6 trillion in value in 12 months according to Accel’s 2022 Euroscape report. It declined from $2.8 trillion in value in September 2021 to $1.2 trillion in September 2022, a drop of 57%. [Stealth biotech startup Treeline Biosciences raises $261M]( The mysterious startup Treeline Biosciences was founded by oncology veteran Josh Bilenker, who previously worked in the oncology division of the Food and Drug Administration before founding another biotech company, Loxo Oncology, which sold for $8 billion to pharma giant Eli Lilly in 2019. [Stability AI is the newest addition to unicorn herd]( London-based Stability AI has become Europe’s newest unicorn after locking up a $101 million raise. We break down the deal here. [Top 10 funding rounds: small dollars, fewer deals and mini golf]( Although it seemed like big rounds were making a comeback, that wasn’t the case last week as even the largest rounds were on the small side and there weren’t a lot of them. Investors continued to go big on biotech and another agtech company made the list, along with a mini golf startup—a first. [The week in layoffs: Beyond Meat, Salesforce, Noom join the list]( Tech layoffs have been prevalent throughout 2022 and it appears the trend will continue through the rest of the year. We update our weekly tracker of which companies have cut staff. [The supply chain keeps eating venture capital]( To look at the vast sums of venture capital going into supply chain-focused startups, it’s clear investors see an enormous market for next-generation platforms to ease various logistics pain points. [Global VC pullback is dramatic in Q3 2022]( The big global venture capital pullback we were all expecting is truly here. Venture and growth investors in private companies scaled back their investment pace significantly as the slump in the public markets stretched into the third quarter. [Self-driving tech startups are driving off a cliff]( A few years ago, investors raced to join the self-driving car tech craze. Now they’ve slammed on the brakes. Our analysis of 14 companies developing such technologies that went public in the past couple of years shows an average post-debut decline of more than 80%. [Why sales volume matters and how to increase it]( Calculating sales volume may not seem as relevant as the amount of money you’ve earned, but this is far from the case. Volume is one of the pivotal indicators of overall business health. Learn what sales volume is, how to calculate it and how you can use it to inform your sales and marketing strategies. [Enhance Your Sales Team’s Prospecting]( [Crunchbase Enterprise is an all-in-one prospecting solution. Download this product overview sheet to learn how to close more deals without the headache.]( [Download Now]( Crunchbase Pro: Searches and Lists Name Type Entries [Funded Space Travel companies]( Companies 149 [Funding Rounds In Singapore 2008 - 2017]( Funding Rounds 1338 [Top VCs in Asia with 10+ portfolio companies]( Investors 1443 [More Featured Searches and Lists]( [Check out our Crunchbase solutions here]( – prospecting tools made for everyone Recent Investments [Thermo Fisher Scientific]( [110B JPY]( / [Post-IPO Debt]( Thermo Fisher Scientific is a provider of laboratory information management and scientific data systems. Categories: Bioinformatics • Biotechnology • Life Science • Management Information Systems Founders: [John Hatsopoulos](  [BWX Technologies]( [$250M]( / [Post-IPO Debt]( BWX Technologies Inc. (BWXT) is a supplier of nuclear components and fuel to the U.S. government. Categories: Clean Energy • Industrial Engineering • Manufacturing • Mechanical Engineering Founders: [George Babcock]( [Stephen Wilcox]( Investors: [Wells Fargo & Company]( (Lead) [BYJU’S]( [$250M]( / [Funding Round]( BYJU'S is an educational technology company that develops personalized learning programs for K-12 students. Categories: E-Learning • EdTech • Education • Higher Education Founders: [Byju Raveendran]( [Divya Gokulnath]( Investors: [Qatar Investment Authority]( (Lead) More Fundings Company Amount / Round Lead Investor [Fulcrum]( $19M / [Series A]( [Bessemer Venture Partners]( [Pine Street Labs]( $6.0M / [Seed Round]( [Polychain]( [Alvin]( 6.1M EUR / [Seed Round]( [Project A Ventures]( [PropertyScout]( $5.0M / [Series A]( [Altara Ventures]( [Waste4Change]( $5.0M / [Series A]( [AC Ventures]( [Getaway]( $4.4M / [Seed Round]( - [Getaway]( $1.5M / [Debt Financing]( - [Fussy]( 1.1M GBP / [Equity Crowdfunding]( - [All Recent Funding Activity]( Recent Acquisitions [Fori Automation]( Pending acquisition by [Lincoln Electric]( for $427M More Acquisitions Company Acquired By Amount [Avito]( [Kismet Capital Group]( 151B RUB [All Recent Acquisition Activity]( #{Rails.configuration.daily.cb_url} Discover innovative companies and the people behind them. 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