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Here’s what you need to know today in startup and venture news, updated by the SA¹ú¼Ê´«Ã½ News staff throughout the day to keep you in the know.

Triller to go public in SPAC deal

Video platform said Wednesday it will go public through a SPAC merger valuing the company at $5 billion. Triller, a social video platform commonly viewed as a rival to, is merging with the blank-check company SeaChange International. After the merger is complete, SeaChange will change its name to TrillerVerz Corp. Triller has raised at least $33 million and is backed by investors like and .

— Sophia Kunthara

Facily raises $135M Series D extension for LatAm social commerce

, a social commerce platform based in São Paulo, Brazil, said it’s raised a $135 million Series D-1 investment led by and . The round is an extension of Facily’s $250 million Series D announced last month, the company said, and means it’s now raised more than $500 million in the past year. The company said it has more than 7 million active users.

— Marlize van Romburgh

Tech companies bail on CES

Several large tech companies said they won’t be attending CES in-person in Las Vegas next month due to rising COVID-19 cases. According to e, Ìý²¹²Ô»å are among the companies to opt out of having a presence in Vegas, with as the latest company to announce it won’t have any on-site activity. CES 2021 was all-digital because of the pandemic, and 2022 was set to be the event’s big return in person.

— Sophia Kunthara

Property tech

• Ambar raises $36M Brazil-based construction tech company has raised $36 million in a Series C round, according to a . and led the round, which brings the company’s total funding to around $100 million, per TechCrunch. Other investors in the company include and . Ambar’s funding follows a year of construction tech being increasingly in the spotlight, with both IPO and shutdown.

— Sophia Kunthara

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