Industry News Update – Week of 10/30/2017

Last week, Forescout’s IPO raised $161 million and the company was valued at $806 million. Forescout’s shares closed at $23.50 on its first day of trading which represents a 6.82% increase compared to its original share price.

Delphi purchased nuTonomy, autonomous vehicle startup, for $450 million to further develop and deploy its self-driving technology.

Grab hired Theo Vassilakis as its new CTO after its VP of Engineering quit this past summer. Vassilakis previously worked at Google as an Engineering Director and held various software development roles at Microsoft.

Uber was sued by three employees who claimed that they were underpaid due to their race and gender.

The news articles and links presented below are available for your reference.

GRAB

"Uber Rival Grab Finally Fills its CTO-sized Hole with Former Googler"

FORESCOUT

“This Security 'Unicorn' Raised $116 Million in an IPO Priced Below Its Last Valuation”

NUTONOMY

"Delphi Buys Self-Driving Car Startup NuTonomy for $450 Million"

UBER

“Uber Sued For Alleged Racial, Gender Discrimination"