KKR invests $500 million in cloud storage firm Box

KKR invests $500 million in cloud storage firm Box

Box Inc said on Thursday private equity giant KKR & Co Inc will lead a $500 million investment in the cloud services provider and get a seat on its board, amid pressure from hedge fund Starboard Value LP. The investment will be executed through convertible...
BlackRock leads $640 mln funding in tech firm Trax

BlackRock leads $640 mln funding in tech firm Trax

Image recognition technology provider Trax said on Wednesday it had raised $640 million in new capital in a funding round led by SoftBank Group Corp’s Vision Fund 2 and BlackRock Inc. The funding round, the biggest in Trax’s history, also drew new investors such as...