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With an ARR topping $250 million, LA’s vertical SAAS superstar ServiceTitan is now worth $8.3 billion

TechCrunch LA

Who knew building a vertical software as a service toolkit focused on home heating and cooling could be worth $8.3 Rowe Price, Dragoneer Investment Group, and ICONIQ Growth. In all, the new $500 million round likely sets the stage for a public offering later this year or before the end of 2022 if market conditions hold.

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How long can Zuckerberg afford to bankroll the AR/VR market?

TechCrunch LA

The Facebook parent-company saw its stock price get bludgeoned after a bad earnings report showcased that Apple’s ad-blocking changes are shaving billions off its books and the company’s crown jewel — the Facebook platform — has stopped growing and actually shrank this quarter. Image Credits: Facebook. the big thing.

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