The initial public offering of identity verification startup SailPoint Technologies raised $240 million after the shares priced at $12. In the first day of trading, shares rose to $13.
Locus Robotics, which makes warehouse robots that help online marketers fulfill orders, raised $25 million in its most recent funding round. The capital will be used to fund expansion into overseas markets.
Media startup Axios, which launched in January, has raised $20 million. NBCUniversal joined the round.
US Citizenship and Immigration Services is tightening its scrutiny of applications for H-1B visas. Between January and August, the government sent more than 1 in 4 applications back to applicants requesting more information, up from fewer than 1 in 5 a year earlier.
A startup that works with brands to get them into Southeast Asia's e-commerce and digital media markets, aCommerce, has raised $65 million in a funding round led by Emerald Media, which has backing from KKR. CEO Paul Srivorakul says aCommerce is giving a high priority to expanding into Vietnam and Malaysia.
Soundtrap, a Swedish startup that provides online audio and music recording services, has been acquired by Spotify. The entire Soundtrap team will be hired by Spotify, but the way Soundtrap operates isn't expected to change.
UK Prime Minister Theresa May says her government will invest billions to make Britain a world leader in "industries of the future," including self-driving cars and artificial intelligence. The initiative is part of the UK's effort to stimulate the economy after it withdraws from the EU.
Stitch Fix -- headed by Katrina Lake -- is the first woman-led tech startup to complete an initial public offering in the US this year. Only 8% of this year's US IPOs have involved startups led by women, and those were primarily in the pharmaceutical industry.
Technical analyst Karen Jones expects the pound to have a more comfortable week against the euro, which has been rattled by news that German Chancellor Angela Merkel has been unable to form a coalition government. Jones tips the pound to creep higher this week with no more than minor declines, although the UK budget announcement Wednesday may affect the rate.